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10-Q: Q3 2024 Earnings Report

10-Q: Q3 2024 Earnings Report

10-Q:2024财年三季报
美股SEC公告 ·  2024/11/13 11:39

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Rumble Inc. reported strong Q3 2024 results, with revenue increasing 39% year-over-year to $25.1 million. Monthly Active Users (MAUs) surged 26% quarter-over-quarter to 67 million, driven by increased interest in political news ahead of the U.S. presidential election. However, Average Revenue Per User (ARPU) decreased 11% to $0.33 due to revenue growth slightly lagging user growth.The company's net loss widened to $31.5 million from $29.0 million in Q3 2023. Cost of services decreased by $3.3 million to $36.4 million, primarily due to a $5.4 million reduction in programming and content costs. Adjusted EBITDA loss improved to $23.5 million from $35.4 million in the prior year quarter.Rumble continues to invest in content acquisition, with $38 million in minimum contractual cash commitments for programming and content agreements as of September 30, 2024. The company also expanded into e-commerce and cloud services, though these new ventures face various risks. Rumble maintains a strong liquidity position with $132.0 million in cash, cash equivalents, and marketable securities.
Rumble Inc. reported strong Q3 2024 results, with revenue increasing 39% year-over-year to $25.1 million. Monthly Active Users (MAUs) surged 26% quarter-over-quarter to 67 million, driven by increased interest in political news ahead of the U.S. presidential election. However, Average Revenue Per User (ARPU) decreased 11% to $0.33 due to revenue growth slightly lagging user growth.The company's net loss widened to $31.5 million from $29.0 million in Q3 2023. Cost of services decreased by $3.3 million to $36.4 million, primarily due to a $5.4 million reduction in programming and content costs. Adjusted EBITDA loss improved to $23.5 million from $35.4 million in the prior year quarter.Rumble continues to invest in content acquisition, with $38 million in minimum contractual cash commitments for programming and content agreements as of September 30, 2024. The company also expanded into e-commerce and cloud services, though these new ventures face various risks. Rumble maintains a strong liquidity position with $132.0 million in cash, cash equivalents, and marketable securities.
Rumble Inc.报告了2024年第三季度的强劲业绩,营业收入同比增长39%,达到2510万美元。月活跃用户数(MAUs)环比激增26%,达到6700万,主要受到美国总统选举前对政治资讯的关注增加的推动。然而,用户的平均收入(ARPU)下降了11%,降至0.33美元,因为收入增长略微滞后于用户增长。该公司的净亏损从2023年第三季度的2900万美元扩大至3150万美元。服务成本减少了330万美元,降至3640万美元,主要由于编程和内容成本减少了540万美元。调整后的EBITDA亏损从上一年同期的3540万美元改善至2350万美元。Rumble继续投入内容收购,截至2024年9月30日,共有3800万美元的最低合同现金承诺用于编程和内容协议。该公司还扩展到电子商务和云服务,尽管这些新业务面临各种风险。Rumble保持强劲的流动性,现金、现金等价物和可交易证券总额达到13200万美元。
Rumble Inc.报告了2024年第三季度的强劲业绩,营业收入同比增长39%,达到2510万美元。月活跃用户数(MAUs)环比激增26%,达到6700万,主要受到美国总统选举前对政治资讯的关注增加的推动。然而,用户的平均收入(ARPU)下降了11%,降至0.33美元,因为收入增长略微滞后于用户增长。该公司的净亏损从2023年第三季度的2900万美元扩大至3150万美元。服务成本减少了330万美元,降至3640万美元,主要由于编程和内容成本减少了540万美元。调整后的EBITDA亏损从上一年同期的3540万美元改善至2350万美元。Rumble继续投入内容收购,截至2024年9月30日,共有3800万美元的最低合同现金承诺用于编程和内容协议。该公司还扩展到电子商务和云服务,尽管这些新业务面临各种风险。Rumble保持强劲的流动性,现金、现金等价物和可交易证券总额达到13200万美元。
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