Rumble Q1 revenue flat at $17.7M, MAUs drop 25% to 50M, files $1B antitrust suit vs Google

Rumble Inc.

2024-Q1 EPS reported -$0.21 revenue$17,733,456

Revenue $17.7M (+1% YoY); company expects sequential increase in Q2 2024.
MAUs 50M vs 67M in Q4 2023; 9th consecutive quarter above 40M.
Cost of services $31.8M (+22% YoY); R&D expenses $4.5M (+73% YoY).
Cash and marketable securities $183.8M as of March 31, 2024.
Filed antitrust lawsuit vs Google on May 13, seeking >$1B damages (before trebling).

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 the fiscal quarter ended March 31, 2024 results: revenue $17.7 million. Guidance reaffirmed.

Period: the fiscal quarter ended March 31, 2024
Revenue: $17.7 million
Guidance: reaffirmed
Result: reported results

Exact text from the filing

2024 Exhibit 99.1 Rumble Reports First Quarter 2024 Results ~ All Core Products Now Online with Two Major Launches: Rumble Cloud and Rumble Studio Livestreaming ~ ~ Revenue of $17.7 Million, Company Reiterates Expected 2Q Sequential Increase in Topline ~ ~ Announces a Key Strategic Partnership with Barstool Sports ~ LONGBOAT KEY, Fla., May 14, 2024 (GLOBE

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Source: SEC EDGAR

accession 0001213900-24-042921

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