Rumble Q3 revenue up 64% YoY to $18.0M but cost of services surges 224%

Rumble Inc.

2023-Q3 EPS reported -$0.43 revenue$60,571,579

Revenue $18.0M (+64% YoY); advertising +$2.3M, licensing/other +$4.7M.
Cost of services $39.8M (+224% YoY) mainly due to $26.1M jump in programming/content costs.
Cash, cash equivalents and marketable securities $267.0M as of Sep 30, 2023.
Average MAUs 58M, with 40M in US/Canada; estimated MWPM 10.7B (+19% YoY).
Launched beta Rumble Cloud; hosted exclusive livestreams for first two Republican primary debates.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Rumble Inc. reported quarter ended September 30, 2023 results: revenue $18.0 million.

Period: quarter ended September 30, 2023
Revenue: $18.0 million
Result: reported results

Exact text from the filing

PRESS RELEASE OF RUMBLE INC. DATED NOVEMBER 13, 2023 Exhibit 99.1 Rumble Reports Third Quarter 2023 Results ~ Year-over-Year Revenue Increase of 64% to $18.0 Million ~ ~ 58 Million Average Monthly Active Users ~ ~ Average Estimated Minutes Watched Per Month of 10.7 Billion ~ LONGBOAT KEY, Fla., November 13, 2023 (GLOBE NEWSWIRE) -- Rumble

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Source: SEC EDGAR

accession 0001213900-23-086103

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