Business
Rumble Announces Record Third Quarter 2022 Financial Results
~ Q3 Revenue Increased over 430% to $11.0 million Compared to Q3 2021, and 150% Compared to Q2 2022 ~ ~ Average Monthly Active Users Increased 97% Compared to
About this update from Rumble Inc.
[{"type":"text","content":"~ Q3 Revenue Increased over 430% to $11.0 million Compared to Q3 2021, and 150% Compared to Q2 2022 ~ ~ Average Monthly Active Users Increased 97% Compared to Q3 2021 to 71 Million ~ ~ Launched Company’s In-House Ad Platform Ahead of Schedule ~ ~ Successfully Completed De-SPAC, Retaining Nearly All Cash in Trust ~ LONGBOAT KEY, Fla., Nov. 14, 2022 (GLOBE NEWSWIRE) -- Rumble Inc. (“Rumble”) (NASDAQ: RUM), the video-sharing platform, announced today financial results for the third quarter of 2022. Q3 2022 Key Highlights Average global Monthly Active Users (“MAUs”) increased 97% to 71 million, a company record, compared to 36 million in the third quarter 2021 Of the 71 million, 57 million were based in the U.S. and Canada, compared to 25 million in the U.S. and Canada during the third quarter of 2021 Average Minutes Watched Per Month (“MWPM”) increased 14% in the third quarter of 2022 to 9.0 billion compared to 7.9 billion in the third quarter of 2021Hours of uploaded video per day increased 220% to 8,796, compared to 2,746 in the third quarter of 2021Third quarter revenue increased over 430% to $11.0 million, a company record, compared to $2.1 million in the third quarter of 2021, and up 150% when compared to $4.4 million in the second quarter of 2022As of September 30, 2022, Rumble’s balance of cash and cash equivalents was $356.7 million as a result of the business combination with CF Acquisition Corp. VI (“CFVI”). The transaction provided Rumble with approximately $400 million in gross proceedsAdded new creators who will provide exclusive content to the platform including Glenn Greenwald, “SteveWillDoIt,” Viva Frei, and Russell Brand, diversifying Rumble’s content library and audience by attracting Gen Z viewersLaunched the Company’s in-house ad platform – Rumble Advertising Center (“RAC”) for banner ads while onboarding RAC’s first publisherLaunched free livestreaming for Rumble creators who have more than one hundred subscribersLaunched article publishing feature for subscription-based community platform, Locals, enabling creators to customize their online publications using a comprehensive toolbarLaunched Rumble Exclusives, an innovative livestreaming lineup featuring independent creators and a two-way conversation with their audiencesLocals launched its Content+ feature to all communities on the platform after a successful ...