Rumble Reports Fourth Quarter and Full Year 2023 Results
LONGBOAT KEY, Fla., March 27, 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 and full year ended December 31, 2023.
- For the fourth quarter of 2023, revenue was $20.4 million compared to $20.0 million in the fourth quarter of 2022, an increase of 2%.
- Cost of services was $39.5 million for the quarter compared to $23.5 million in the fourth quarter of 2022.
- General and administrative expense was $9.6 million for the quarter, compared to $9.9 million in the fourth quarter of 2022.
- Research and development expense was $3.6 million for the quarter, compared to $2.6 million in the fourth quarter of 2022.