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Dec 31, 2022
Rumble Q4 2022 Earnings Report
Estimated Revenue:$10.2M
Estimated EPS:-$0.02
Key Takeaways
Rumble Inc. announced financial results for Q4 and full year ended December 31, 2022, with Q4 revenue reaching $20.0 million, a 579% increase compared to Q4 2021. The company achieved record key performance indicators and completed the beta launch of pre-roll video ads on the Advertising Center.
Q4 revenue increased 579% to $20.0 million compared to Q4 2021.
Average global monthly active users increased to 80 million, up 142% compared to Q4 2021.
Completed significant milestone with beta launch of pre-roll video ads on Advertising Center.
The increase in advertising revenue was driven by an increase in consumption, as well the introduction of new advertising solutions for creators, publishers, and advertisers.
Forward Guidance
Rumble will focus in 2023 on developing and integrating its market-leading video products within Rumble, Locals, and RAC, while expanding the Rumble infrastructure as they prepare for their entry into the cloud market.
Positive Outlook
- Developing and integrating market-leading video products within Rumble, Locals, and RAC.
- Expanding the Rumble infrastructure.
- Preparing for entry into the cloud market.
- Growth positions them to experiment with monetization ahead of internal expectations.
- Addition of mega-influencers to Rumble Exclusives lineup, such as Steven Crowder and Dave Rubin
Challenges Ahead
- Still in foundational years.
- Growth to date is encouraging, they remain in those early innings of the bigger game.
- Cannot be certain that all or substantially all activity that results from paid advertisement is genuine.
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