Rumble Inc. reported Q2 2024 revenue of $22.5 million, down 10% YoY from $25.0 million. Net loss narrowed to $26.8 million from $29.5 million in Q2 2023. Audience Monetization revenue decreased by $3.0 million, partially offset by a $0.5 million increase in Other Initiatives revenue.Cost of services decreased by $5.2 million to $35.7 million. General and administrative expenses rose $1.2 million to $10.4 million due to higher payroll costs and public company expenses. Research and development expenses increased $1.0 million to $5.3 million. The company ended the quarter with $154.2 million in cash and marketable securities.Monthly Active Users reached 53 million in Q2, up 6% from Q1. Average Revenue Per User was $0.37, a 19% increase from Q1. Rumble faces challenges in attracting advertisers and monetizing its growing user base. The company has $55 million in minimum contractual content commitments and is investing heavily in creator incentives to drive growth.

Rumble Inc. reported Q2 2024 revenue of $22.5 million, down 10% YoY from $25.0 million. Net loss narrowed to $26.8 million from $29.5 million in Q2 2023. Audience Monetization revenue decreased by $3.0 million, partially offset by a $0.5 million increase in Other Initiatives revenue.Cost of services decreased by $5.2 million to $35.7 million. General and administrative expenses rose $1.2 million to $10.4 million due to higher payroll costs and public company expenses. Research and development expenses increased $1.0 million to $5.3 million. The company ended the quarter with $154.2 million in cash and marketable securities.Monthly Active Users reached 53 million in Q2, up 6% from Q1. Average Revenue Per User was $0.37, a 19% increase from Q1. Rumble faces challenges in attracting advertisers and monetizing its growing user base. The company has $55 million in minimum contractual content commitments and is investing heavily in creator incentives to drive growth.