Rumble Q3 2022 Earnings Report
Key Takeaways
Rumble reported a 431% increase in revenue to $11.0 million compared to Q3 2021, driven by advertising and licensing growth. The company completed its business combination with CFVI, retaining nearly all cash in trust, and launched its ad platform ahead of schedule. However, the loss from operations increased to $7.8 million.
Revenue increased by 431% year-over-year to $11.0 million.
Average monthly active users increased 97% year-over-year to 71 million.
Launched the company's in-house ad platform ahead of schedule.
Successfully completed De-SPAC, retaining nearly all cash in trust.
Rumble
Rumble
Forward Guidance
Rumble will continue to focus on building its infrastructure for Rumble Cloud and building market-leading consumer products with Rumble, Locals and Rumble Ads. The company will also begin to focus on monetization and growing topline revenues.
Positive Outlook
- Building infrastructure for Rumble Cloud
- Building market-leading consumer products with Rumble
- Building market-leading consumer products with Locals
- Building market-leading consumer products with Rumble Ads
- Focusing on monetization and growing topline revenues