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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 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.
Rumble, the video-sharing platform, has secured exclusive streaming rights for Nitro Rallycross and Street League Skateboarding, alongside Power Slap. These agreements mark a significant advancement for Rumble in live-action sports distribution, particularly aimed at the under-30 demographic. Key figures include both leagues drawing substantial social media followings, with NRX created by Travis Pastrana and involving former F1 World Champions. Rumble aims to be the primary destination for live sports content driven by mega influencers. Agreements are subject to finalization, with Rumble's leadership expressing optimism about the growth potential in this category.
Rumble, a video-sharing platform, announced new monetization opportunities for creators through the end of 2023. Creators will receive 100% of the revenue from monthly subscription badges priced at $5, enhancing their earnings potential. This initiative positions Rumble as a competitive player against platforms like YouTube and Twitch, aiming to expand its market share. The subscription badges, which provide a special badge during live chat, will also allow subscribers to watch ad-free content from their supported creators in the future. Rumble's goal is to empower independent creators and restore a free and open internet.
Rumble has introduced new features aimed at enhancing user experience and monetization for independent creators. Among these are Supporter Badges and Monthly Subscriptions, which allow users to support their favorite creators for $5 a month. Subscriptions will also remove advertisements for subscribers, improving the overall viewing experience. The launch reflects Rumble's commitment to supporting independent creators, setting the platform apart from other video-sharing services. Chairman and CEO Chris Pavlovski emphasized that these features provide an incentive for users to engage with and contribute to their favorite creators, strengthening community ties.
Rumble (NASDAQ: RUM) will host a live stream interview on March 30, 2023, at 7:00 p.m. ET, following its fourth quarter and full year 2022 earnings call. CEO Chris Pavlovski will discuss Rumble's achievements in 2022 and future initiatives, as revealed during the earnings release at 5:00 p.m. ET on the same day. The interview will be accessible via the Matt Kohrs Rumble channel. Rumble emphasizes its mission to provide a free and open video platform, aiming to restore the Internet's roots and resist cancel culture. The earnings call and live stream will also be available on Rumble's Investor Relations website.
Rumble announced that conservative comedian Steven Crowder has welcomed new talents, including Jim Breuer, to join his live streaming show, Mug Club. The show will air exclusively on Rumble.
Streaming four days a week at 10 a.m. ET, the Crowder show aims to offer exclusive content for annual subscribers priced at $89. Crowder emphasized a commitment to combat Big Tech censorship, reinforcing Rumble's mission to maintain an independent platform.
With 1.2 million followers, Crowder plans to bring more comedians to the platform, fostering an environment for alternative voices in comedy.
Rumble announces the return of political commentator Steven Crowder with live streams starting at 10 a.m. ET, boasting over 58,000 paying subscribers for his "Mug Club" before launch. Crowder, a prominent voice with more than 1.2 million followers, aims to provide exclusive content for an annual fee of $89. His show, "Louder with Crowder," has garnered significant attention, with the most popular episode achieving over 3.5 million views. Rumble's CEO praises Crowder as a vital figure in online conservative commentary, reflecting the platform's growth and willingness to support free speech amidst cancel culture.
Rumble has announced that comedian Russell Brand has surpassed 1 million followers on its platform, establishing him as one of its most prominent creators. After facing censorship on YouTube, Brand joined Rumble, where his podcast 'Stay Free' has gained significant traction, amassing episodes with over 1.1 million views. He emphasizes Rumble's commitment to free speech, contrasting it with YouTube's restrictions. Rumble's CEO, Chris Pavlovski, praised Brand for his candid approach and humor, reinforcing the platform's mission to foster unrestricted dialogue. For more information on Brand's content, visit Rumble's website.
Rumble, a video-sharing platform, has launched its first pay-per-view event featuring comedian Russell Brand's comedy special titled "Brandemic". The special premiered on March 13, 2023, for annual Locals subscribers, while pay-per-view options became available on March 15, 2023. Brand's performance critiques corporate media and presents his take on contemporary issues, emphasizing themes of freedom and unity. Rumble's CEO Chris Pavlovski expressed excitement over the launch, highlighting its significance in providing monetization avenues for creators. This move positions Rumble competitively within the evolving digital content landscape.
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