NASDAQ$RUM
Rumble Inc · Q2 2023 earnings
Q2 2023 earnings · · Investor relations
Briefing
Rumble's Q2 2023 earnings were released, revealing a record quarterly revenue of $25.0 million, marking a 468% increase compared to Q2 2022.
Rumble Inc. reported a record quarterly revenue of $25.0 million for Q2 2023, a 468% increase compared to $4.4 million in Q2 2022. The increase was driven by growth in advertising, licensing, and other revenue.
- Revenue reached a record $25.0 million, up 468% year-over-year.
- Advertising revenue increased by $18.0 million due to advertising solutions for creators, publishers and advertisers.
- Licensing and other revenue increased by $2.6 million, driven by subscription, licensing creator contracts, tipping, cloud platform and hosting fees.
- The company had cash, cash equivalents, and marketable securities of $296.7 million as of June 30, 2023.
Headline financials
Revenue & EPS history
Rumble · Revenue · Quarterly
$25M
Revenue by segment
Rumble · $25.5M total across 2 segments · Q1 2026
- Audience Monetization$22.5M—88.5%
- Other Initiatives$2.93M—11.5%
Forward guidance
Rumble is focused on strategically onboarding new creators, improving its product across all devices, and automating creator sponsorships through RAC to accelerate revenue growth.
Tailwinds
- Strategic onboarding of new creators.
- Improvement of product across all devices.
- Automation of creator sponsorships through RAC.
- Diversifying audiences.
- Increasing consumption.
Headwinds
- Inability to effectively manage future growth and achieve operational efficiencies.
- Recent and rapid growth not being indicative of future performance.
- Inability to achieve revenue growth consistent with or better than current annual revenue run rate.
- Failure to onboard sufficient new content creators and content and/or fully launch RAC.
- Inability to grow or maintain active user base.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 18 quarterly earnings reports · overlaid with Q2 2023
-0.3%
Avg return
Earnings day
-2.7%
Avg return
5 days after
-1.9%
Avg return
30 days after
58%
11 / 19 earnings
Positive
+19.8%
Q1 2025
Best reaction
-14.4%
Q3 2024
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -1.7% | -14.9% | -13.8% | |
| Q4 2025 | -12.8% | -0.5% | -11.2% | |
| Q3 2025 | +10.9% | -4.2% | +22.9% | |
| Q2 2025 | +2.8% | +0.3% | -4.7% | |
| Q1 2025 | +19.8% | +33.0% | +18.4% | |
| Q4 2024 | +0.0% | -9.6% | +2.9% | |
| Q3 2024 | -14.4% | -22.2% | +13.3% | |
| Q2 2024 | +3.8% | +7.7% | -11.3% | |
| Q1 2024 | +2.7% | +5.7% | -17.5% | |
| Q4 2023 | -5.8% | -15.9% | -24.2% | |
| Q3 2023 | -4.1% | +7.9% | +0.9% | |
| Q2 2023 | +0.2% | -14.6% | -14.7% | |
| Q1 2023 | +0.8% | -2.1% | +0.4% | |
| Q4 2022 | +0.5% | -0.3% | -14.3% | |
| Q3 2022 | -9.7% | -22.8% | -38.3% | |
| Q2 2022 | -0.6% | -1.1% | +35.8% | |
| Q1 2022 | +0.2% | +1.4% | -7.6% | |
| Q4 2021 | +1.0% | +1.3% | -0.8% | |
| Q3 2021 | +0.3% | +0.1% | +28.2% |
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