Rumble Inc. reported Q2 2024 financial results, with revenue increasing 27% sequentially to $22.5 million. Average global Monthly Active Users reached 53 million, up from 50 million in Q1. The company introduced a new KPI, Average Revenue Per User (ARPU), which rose 19% QoQ to $0.37.Despite the revenue growth, Rumble posted a net loss of $26.8 million for the quarter. The company's balance of cash and marketable securities stood at $154.2 million as of June 30, 2024. Rumble highlighted several key developments, including partnerships with the Miami Dolphins, launch on Xbox, and the introduction of Rumble-branded products.Looking ahead, Rumble expects revenues to continue increasing sequentially throughout 2024, driven by sponsorship agreements and political advertising. The company aims to move towards Adjusted EBITDA breakeven in 2025 by ramping up monetization and maintaining cost discipline.

Rumble Inc. reported Q2 2024 financial results, with revenue increasing 27% sequentially to $22.5 million. Average global Monthly Active Users reached 53 million, up from 50 million in Q1. The company introduced a new KPI, Average Revenue Per User (ARPU), which rose 19% QoQ to $0.37.Despite the revenue growth, Rumble posted a net loss of $26.8 million for the quarter. The company's balance of cash and marketable securities stood at $154.2 million as of June 30, 2024. Rumble highlighted several key developments, including partnerships with the Miami Dolphins, launch on Xbox, and the introduction of Rumble-branded products.Looking ahead, Rumble expects revenues to continue increasing sequentially throughout 2024, driven by sponsorship agreements and political advertising. The company aims to move towards Adjusted EBITDA breakeven in 2025 by ramping up monetization and maintaining cost discipline.