Revenue Growth
Rumble Inc. reported $25.1 million in revenue, marking a 12% increase year-over-year and a sequential quarterly increase. This growth was driven by a $1.7 million increase in audience monetization revenues and a $0.9 million increase in other initiatives.
User Retention
Rumble maintained 51 million monthly active users (MAUs) for the eighth consecutive quarter, despite losing their largest live streamer, Dan Bongino.
ARPU Growth
Average Revenue Per User (ARPU) increased to $0.42, up 24% sequentially, indicating enhanced monetization strategy success through higher subscription and licensing revenue.
Strategic Partnerships
Rumble announced significant partnerships, including agreements with Cumulus Media, a leading AI player for advertising and tech integration, and MoonPay for Rumble Wallet's crypto functionalities.
Rumble Wallet Launch
Rumble plans to launch Rumble Wallet in Q3, allowing for crypto transactions on their platform, in partnership with Tether and MoonPay.
Improvement in EBITDA Loss
Adjusted EBITDA loss improved to $20.5 million from $28.7 million last year, showing an $8.2 million improvement.