NASDAQ$RUM

Rumble Inc · Q3 2022 earnings

Q3 2022 earnings · · Investor relations

Briefing

Rumble's revenue increased significantly, driven by advertising and licensing growth, while the company completed its business combination and launched its ad platform.

Rumble reported a 431% increase in revenue to $11.0 million compared to Q3 2021, driven by advertising and licensing growth. The company completed its business combination with CFVI, retaining nearly all cash in trust, and launched its ad platform ahead of schedule. However, the loss from operations increased to $7.8 million.

  • Revenue increased by 431% year-over-year to $11.0 million.
  • Average monthly active users increased 97% year-over-year to 71 million.
  • Launched the company's in-house ad platform ahead of schedule.
  • Successfully completed De-SPAC, retaining nearly all cash in trust.

Headline financials

Total Revenue

$11M

Previous: $6.53M+68.3%
EPS (adj)

-$0.01

Previous: -$0.38+97.4%
Capital Expenditures

-$6.33M

No prior period
Free Cash Flow

$4.13M

No prior period
Net Income

$10.5M

Previous: $863K+1112.1%
Operating Income

-$7.79M

Previous: -$1.57M-395.3%
Gross Profit

$3.49M

Previous: $1.79M+95.1%
Cash & Equivalents

$357M

Previous: $25K+1426620.2%
Total Assets

$380M

Previous: $301M+26.2%
Stock-Based Comp

$208K

Previous: $43.8K+374.5%

Revenue & EPS history

Rumble · Revenue · Quarterly

$11M

Q3 2022+68.3%vs Q3 2021
Beat estimate in 7 of 14 quarters(50%)
ActualEstimate

Revenue by segment

Rumble · $25.5M total across 2 segments · Q1 2026

  • Audience Monetization
    $22.5M
  • Other Initiatives
    $2.93M

Forward guidance

Rumble will continue to focus on building its infrastructure for Rumble Cloud and building market-leading consumer products with Rumble, Locals and Rumble Ads. The company will also begin to focus on monetization and growing topline revenues.

Tailwinds

  • Building infrastructure for Rumble Cloud
  • Building market-leading consumer products with Rumble
  • Building market-leading consumer products with Locals
  • Building market-leading consumer products with Rumble Ads
  • Focusing on monetization and growing topline revenues

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 Q3 2022

Historical avgQ3 2022

-0.3%

Avg return

Earnings day

-2.7%

Avg return

5 days after

-1.2%

Avg return

30 days after

58%

11 / 19 earnings

Positive

+19.8%

Q1 2025

Best reaction

-14.4%

Q3 2024

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-1.7%-14.9%
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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