Rumble Inc. reports developments tied to its technology platform across cloud, AI and digital media, including its namesake video service. Company news includes earnings releases, conference participation, Rumble Cloud product updates, AI infrastructure deployments and integrations that support hosted applications and creator-focused media services.
Recurring updates also cover material agreements, shareholder voting matters, governance changes and capital-structure disclosures connected to Rumble’s public-company operations, Class A common stock and listed warrants.
Rumble (NASDAQ:RUM) has filed a lawsuit against California's Attorney General and Secretary of State challenging AB 2655, a recently passed law requiring online platforms to remove or label content deemed 'materially deceptive' about elections, public officials, and candidates. The law was expedited after Governor Gavin Newsom's complaints about a satirical video of Kamala Harris. Rumble is represented by Alliance Defending Freedom (ADF), which also represents The Babylon Bee in a related lawsuit. The case was filed in U.S. District Court for the Eastern District of California, Sacramento Division.
Rumble (NASDAQ:RUM) has announced a corporate treasury diversification strategy that includes allocating up to $20 million of excess cash reserves to Bitcoin. The Board of Directors approved this initiative as part of the company's expansion into cryptocurrency. CEO Chris Pavlovski cited Bitcoin's potential as an inflation hedge and its increasing institutional adoption as key factors behind the decision. The timing and value of Bitcoin purchases will be determined by management based on market conditions, Bitcoin's trading price, and Rumble's cash needs. The strategy can be modified or discontinued at any time.
Rumble (NASDAQ:RUM) announced that popular streamer Dr Disrespect will join the platform and lead Rumble Gaming as an advisor. The agreement includes equity with milestones as primary compensation. Dr Disrespect will provide exclusive content through Rumble Premium for his 'Champions Club' community while continuing free streams. His first Rumble stream is scheduled for December 2, 2024. The platform is offering new subscribers a $10 discount with promo code VSM. This move aligns with Rumble's strategic focus on expanding into gaming and crypto sectors.
Rumble (Nasdaq: RUM) reported its Q3 2024 results, showcasing strong growth in several key metrics.
Revenue rose 12% sequentially to $25.1 million, a 39% increase YoY. Monthly Active Users (MAUs) grew to 67 million, up 26% QoQ, with 43 million in the U.S. and Canada. However, Average Revenue Per User (ARPU) declined to $0.33 from $0.37 in Q2 2024.
Net Loss increased to $31.5 million from $29.0 million in Q3 2023, though Adjusted EBITDA loss improved to $23.5 million. The company reduced its cash usage for the fourth consecutive quarter, with a 25% reduction from Q2 2024.
Significant events included a partnership with the Miami Dolphins, legal action against advertising agencies, and the launch of the Rumble app on Xbox. Rumble also reported record live viewership during the U.S. presidential debate.
Rumble (NASDAQ:RUM) announced multiple record-breaking achievements during Election Night (November 5-6). The platform reached new highs in livestreams, concurrent views, consumption, Premium subscribers, and advertising revenue. According to StreamsCharts, Rumble hit 1,791,052 peak concurrent viewers, with Dan Bongino's stream reaching 515,000 concurrent viewers and Steve Crowder achieving 460,000. The platform secured its position as one of the top three video streaming platforms alongside YouTube and Twitch, with its app ranking third in the Apple App Store's Top Charts, surpassing YouTube.
Rumble (NASDAQ:RUM) announced that content creator Steven Crowder will host an Election Night livestream titled 'The Election Livestream of the Century: The Rumble on Rumble' starting at 6:00 p.m. EST. Crowder, who has over 1.6 million Rumble subscribers, will promote Rumble Premium as his new home for exclusive content. MugClub subscribers will automatically receive access to Rumble Premium, the platform's ad-free subscription product.
Rumble Inc (NASDAQ: RUM) announced it will release its Q3 2024 financial results on November 12, 2024, after market close, followed by a conference call at 5:00 p.m. Eastern Time. Chairman and CEO Chris Pavlovski will participate in a post-earnings live stream interview with Matt Kohrs on Kohrs' Rumble channel using Rumble Studio. The interview will discuss Q3 2024 accomplishments and business initiatives, with viewers able to submit questions through the live stream comments.
Rumble (NASDAQ:RUM), a video-sharing platform and cloud services provider, has announced that Sticker Mule, a leading online custom merchandise seller, has become a cloud client. Sticker Mule is moving its Artificial Intelligence processing to the Rumble Cloud and will be using Rumble's NVIDIA H100 inventory. This expands on their existing relationship, as Sticker Mule has been a regular advertiser on Rumble for multiple years.
Sticker Mule, founded in 2010 and based in Amsterdam, NY, employs over 1,200 people worldwide. It offers a range of custom merchandise including stickers, magnets, buttons, labels, t-shirts, packaging, and more. Both companies emphasize their commitment to creativity and free expression, with Rumble CEO Chris Pavlovski highlighting the shared values of limitless imagination and creativity between their users.
Rumble (NASDAQ:RUM), the video-sharing platform and cloud services provider, shattered multiple records during the American presidential debate between former President Donald Trump and Vice President Kamala Harris. According to Streams Charts, Rumble achieved:
- A record 1,044,513 concurrent live viewers
- Over 1,000 concurrent live streams
- New peak bandwidth consumption on its Content Delivery Network (CDN)
Additionally, Rumble hosted 31 of the top 100 live streams in the United States, accounting for 11.8% of viewers and 31% of streamers by Network. CEO Chris Pavlovski emphasized Rumble's commitment to delivering uncensored, unfiltered news and commentary, positioning it as a platform for honest information presentation during this globally important election.
Rumble Inc. (NASDAQ:RUM), a leading video-sharing platform and cloud services provider, has announced its participation in the upcoming Q3 Virtual Investor Summit Microcap Event. The company's management team is set to deliver a virtual presentation on Tuesday, August 20th, 2024, at 4:00 PM ET.
This event presents a valuable opportunity for investors to gain insights into Rumble's operations, strategies, and future prospects. The presentation will be accessible via webcast, allowing for widespread attendance. Additionally, the event will feature a live Q&A session, enabling direct interaction between investors and Rumble's management.
Interested qualified investors can register for complimentary access to the event through the provided registration link. This presentation at the Investor Summit Microcap Event underscores Rumble's commitment to transparency and engagement with its investor community.