Rumble’s mission is to protect a free and open internet. Rumble’s primary business is a high growth, video sharing platform designed to help content creators monetize their content and for users to have access to ideas, diverse opinions and dialogue. These services are accessible through the web, mobile devices, and connected TV platforms. In the future, as an extension of the in-house infrastructure built to support its video platform, Rumble plans to develop Rumble Cloud Solutions, and enter the cloud infrastructure-as-a-service market.
Rumble is one of the few neutral, independent, and scaled video platforms that operate with a consistent and user-friendly moderation policy. We strive to employ only reasonable, obvious, and clearly defined standards of conduct. Rumble’s terms and conditions of use and agency agreement can be accessed here.
During the quarter ended March 31, 2023, Rumble reported 48 million average MAUs (monthly active users) on its platform.
Rumble’s focus for the last year has been, and for the immediate future will continue to be, to grow users and usage consumption while building the tools and infrastructure necessary to enable and scale future monetization.
Consumption, defined as minutes watched by Rumble users through the web, mobile application, and connected TV applications, is expected to be a key revenue driver for Rumble.
Rumble expects to monetize consumption via various forms of advertising (programmatic and non-programmatic) on the Rumble Advertising Center (initial launch in Q3 2022), in addition to subscriptions via Locals, tipping and licensing.
To date, Rumble has only engaged in limited efforts to monetize consumption but has made recent progress by launching the Rumble Advertising Center in Q3 2022.
The Company is currently focused on growing users and usage consumption while building the tools and infrastructure necessary to enable and scale monetization in 2023.
Yes, Rumble’s shares are currently traded on the Nasdaq under ticker symbol “RUM.”
We intend to use the proceeds, among other things, to attract new content creators to the Rumble and Locals platforms, continue to build out Rumble’s independent infrastructure, expand Rumble’s teams, begin robust marketing of the platform and services, make future acquisitions, and for other general corporate purposes.
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The public investor presentation can be accessed here.
Rumble’s transfer agent is Computershare. They can be contacted at the following toll-free number: 800-376-3001.