The following is a summary of the Rumble Inc. (RUM) Q3 2024 Earnings Call Transcript:

Financial Performance:

• Rumble Inc. reported Q3 2024 revenues of $25.1 million, up from $18 million in Q3 2023, marking an increase of $7.1 million.

• This growth in revenue is primarily due to a $5.9 million increase in audience monetization revenues and a $1.2 million increase from other initiative revenues.

• The company has a cash position of $132 million as of the end of Q3 2024, compared to $219.5 million at the end of 2023.

Business Progress:

• Rumble experienced significant engagement during the U.S. presidential election, setting new high marks in live streams, live concurrent views, consumption, total Rumble premium subscribers, and revenue generated through the Rumble Advertising Center.

• The company introduced mid-rolls in September which has contributed to revenue growth and sparked increased traction for the Rumble Premium service, now further bolstered by exclusive content.

• Rumble Cloud is gaining traction in large enterprise sales, highlighted by collaborations such as with the Miami Dolphins and discussions with potential government clients.

Opportunities:

• With the GARM disbanded, Rumble landed its first major brand advertising partnership set for December 2024, opening new opportunities for further brand partnerships.

• The ongoing shift from traditional TV to online platforms like Rumble represents a significant opportunity for audience and revenue growth.

Risks:

• Revenue growth may face challenges if brand advertisers are slow to adapt to the new media landscape and partner with platforms like Rumble.

Tips: This article is generated by AI. The accuracy of the content can not be fully guaranteed. For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.