Business
Rumble Reports Record Fourth Quarter and Full Year 2022 Results
~ Q4 Revenue Increased 579% to $20.0 Million Compared to Q4 2021; Full Year 2022 Revenue Increased 316% ~ ~ Achieved Q4 2022 Company Record Key Performance
About this update from Rumble Inc.
[{"type":"text","content":"~ Q4 Revenue Increased 579% to $20.0 Million Compared to Q4 2021; Full Year 2022 Revenue Increased 316% ~ ~ Achieved Q4 2022 Company Record Key Performance Indicators ~ ~ 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 ~ LONGBOAT KEY, Fla., March 30, 2023 (GLOBE NEWSWIRE) -- Rumble Inc. (“Rumble”) (NASDAQ: RUM), the popular video-sharing platform, announced today financial results for the fiscal quarter and full year ended December 31, 2022. Q4 and Full Year 2022 Key Highlights Average global Monthly Active Users (“MAUs”) increased 142% to 80 million, a company record, compared to 33 million in the fourth quarter of 2021. Of the 80 million, 65 million were based in the U.S. and Canada, compared to 21 million in the U.S. and Canada during the fourth quarter of 2021.Average Minutes Watched Per Month (“MWPM”) increased 31% in the fourth quarter of 2022 to 11.1 billion, a company record, compared to 8.5 billion in the fourth quarter of 2021.Hours of uploaded video per day increased 216% to 10,373, a company record, compared to 3,278 in the fourth quarter of 2021.Fourth quarter revenue increased over 579% to $20.0 million, a company record, compared to $2.9 million in the fourth quarter of 2021. Revenue for the full year 2022 increased 316% to $39.4 million, compared to $9.5 million for the full year ended December 31, 2021.As of December 31, 2022, Rumble’s balance of cash, cash equivalents and marketable securities was $338.3 million.In addition, Rumble made significant progress on its products, including: Rumble: New notification feature for iOS and Android, representing a significant opportunity for creators to drive engagement and grow audiences and earnings;Locals: Full commercial launch to allow creators to upload articles;Rumble Advertising Center (“RAC”): launched pre-roll video ads (beta); andRumble Cloud: Continued enhancements to the Rumble infrastructure in preparation for the Rumble Cloud beta launch. Rumble entered sports content with the announcement of an exclusive partnership with Dana White and Power Slap, the world’s premier slap fighting competition, which includes an all-new exclusive show on Rumble, along with a new Power Slap Rumble channel and Locals community. Subsequent to...