Rumble Reports First Quarter 2024 Results
LONGBOAT KEY, Fla., May 14, 2024 (GLOBE NEWSWIRE) -- Rumble Inc. (Nasdaq: RUM) ("Rumble" or the "Company”), the video sharing platform and cloud services provider, today announced financial results for the fiscal quarter ended March 31, 2024.
- Cost of services was $31.8 million for the quarter compared to $26.0 million in the first quarter of 2023.
- General and administrative expense was $9.3 million for the quarter, compared to $8.6 million in the first quarter of 2023.
- Rumble will host a conference call at 5:00 p.m. Eastern Time today, Tuesday, May 14, 2024, to discuss its quarterly results.
- Hours of uploaded video per day were 12,429 on average in the first quarter of 2024, representing an increase of 11% from the first quarter of 2023 and a decrease of 1% from the fourth quarter of 2023.