Welcome to our dedicated page for Rumble news (Ticker: RUM), a resource for investors and traders seeking the latest updates and insights on Rumble stock.
Rumble Inc. (symbol: RUM) is a dynamic, high-growth video-sharing platform that allows users to watch, share, like, comment, and upload their own videos. The platform supports both video-on-demand and live streaming content, enabling creators to engage with their audience in real-time. Users can subscribe to their favorite channels to stay updated with the latest content from creators.
Rumble Inc. focuses on generating revenue primarily from the United States. The company is not just a video platform; it is also a cloud services provider that prides itself on creating an independent infrastructure. Rumble's mission is to restore the internet to its roots by promoting a free and open internet. This mission is reflected in its commitment to providing an unfiltered and unbiased platform for content creators and consumers alike.
Rumble has been making headlines recently with its aggressive stance against major tech companies. Notably, Rumble has filed a lawsuit against Google, alleging anti-competitive and exclusionary practices. The lawsuit claims that Google's monopolistic behavior in the digital advertising market has unfairly impacted Rumble's growth. This legal action highlights Rumble's determination to challenge industry giants and advocate for a more equitable digital ecosystem.
In terms of financial performance, Rumble recently announced its fourth quarter and full-year 2023 results, demonstrating strong growth and financial health. The company continues to attract investor interest, and its upcoming earnings conference call is highly anticipated by stakeholders.
Rumble's partnerships and collaborations further bolster its position in the market. For instance, the platform hosts the popular podcast
Rumble Inc. (NASDAQ: RUM) announced it will release its financial results for the fiscal quarter ended March 31, 2023, after market close on May 15, 2023. A conference call will follow at 5:00 p.m. Eastern Time on the same day. Investors can access the live webcast, replay, and related earnings materials through Rumble’s Investor Relations website.
Rumble positions itself as a high-growth video-sharing platform that aims to create independent infrastructure resistant to cancel culture. The company's mission is to make the Internet free and open again.
Rumble, the video-sharing platform (NASDAQ: RUM), has announced an exclusive partnership with the Republican National Committee (RNC) to serve as the live stream provider for the first Republican presidential primary debate, scheduled for August 2023 in Milwaukee, Wisconsin. The debate will also be broadcast by Fox News. RNC Chairwoman Ronna McDaniel emphasized the importance of providing an unbiased platform for voters, while Rumble Chairman and CEO Chris Pavlovski highlighted the company's commitment to free speech. This partnership is anticipated to enhance Rumble's visibility and user engagement, building on record traffic during the 2022 midterms.
Rumble has announced that popular media personality DJ Akademiks will exclusively livestream on the platform three to five times a week starting April 11, 2023. DJ Akademiks, known for his insightful commentary in hip-hop and entertainment, has a significant following with 5.2 million Instagram followers and 2.76 million YouTube subscribers. He aims to create a more creator-focused streaming environment compared to larger platforms. Rumble's CEO Chris Pavlovski highlighted DJ Akademiks' influence in the cultural space, marking this partnership as a strategic move to diversify Rumble’s content, which ranges from sports to music. Rumble positions itself as a high-growth video-sharing platform committed to free speech and cultural independence.
Rumble has expanded its content offerings by partnering with JiDion, a well-known comedic video creator. Starting April 10, 2023, JiDion will livestream exclusively on Rumble and produce viral content for on-demand viewing. JiDion has amassed over 6.8 million YouTube subscribers and 2.2 million Instagram followers, enhancing Rumble's appeal in the competitive video-sharing market. His focus on pranks and comedy aligns with Rumble's mission of providing diverse content. Rumble's CEO, Chris Pavlovski, emphasized the importance of this partnership in strengthening the platform's live-streaming capabilities. This collaboration aims to attract more viewers and creators, contributing to Rumble's growth in the evolving digital landscape.
Rumble is expanding its live sports offerings by partnering with Bare Knuckle Fighting Championship (BKFC), enhancing its sports vertical. This collaboration will kick off with a press conference for BKFC-41 on April 4, 2023, in Las Vegas. The event will feature MMA legends and is set to be broadcast worldwide on pay-per-view on April 29, 2023. With over 80 million monthly users, Rumble aims to emerge as a leading platform for combat sports, strengthening its portfolio alongside existing content like Power Slap.
Rumble Inc. (NASDAQ: RUM) reported significant growth in Q4 2022, with revenues soaring 579% year-over-year to $20 million compared to $2.9 million in Q4 2021. For the full year, revenue increased 316% to $39.4 million. Average global monthly active users climbed 142% to a record 80 million, while average minutes watched reached 11.1 billion monthly, up 31%. The company also completed a beta launch of pre-roll video ads and expanded partnerships in sports content, including exclusive rights to Power Slap events. However, operating expenses surged, with cost of services rising 710% to $23.5 million. As of December 31, 2022, Rumble held $338.3 million in cash and equivalents.
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