earnings
confidence high
sentiment positive
materiality 0.75
Rumble reports FY 2023 revenue up 106% to $81M; Q4 revenue up 2% to $20.4M; MAUs up 16% sequentially to 67M
Rumble Inc.
- Full year 2023 revenue $81.0M, up 106% YoY; Q4 revenue $20.4M, up 2% YoY.
- Q4 average MAUs 67M, up 16% sequentially from 58M in Q3.
- Cash and marketable securities $219.5M as of Dec 31, 2023.
- Publicly launched Rumble Cloud in March 2024; strategic partnerships with Qinshift, ACP CreativIT, Barstool Sports.
- Guides for sequential revenue growth from Q2 2024 and path to breakeven in 2025.