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Sep 30, 2023

Rumble Q3 2023 Earnings Report

Rumble's revenue increased by 64% year-over-year, reaching $18.0 million, with 58 million average monthly active users.

Key Takeaways

Rumble Inc. reported a 64% year-over-year increase in revenue for Q3 2023, reaching $18.0 million. The increase was attributed to growth in advertising revenue and licensing and other revenue. The company had 58 million average monthly active users.

Revenue increased by 64% year-over-year to $18.0 million.

Advertising revenue increased by $2.3 million due to higher consumption and new advertising solutions.

Licensing and other revenue increased by $4.7 million driven by subscriptions and content licensing.

Average Monthly Active Users reached 58 million.

Total Revenue
$18M
Previous year: $11M
+63.7%
EPS
-$0.14
Previous year: -$0.01
+1300.0%
Monthly Active Users
58M
Previous year: 71M
-18.3%
Gross Profit
-$23.1M
Previous year: $4.76M
-586.2%
Cash and Equivalents
$267M
Previous year: $357M
-25.1%
Free Cash Flow
-$28.1M
Previous year: -$22.5M
+25.2%
Total Assets
$331M
Previous year: $380M
-12.7%

Rumble

Rumble