Rumble Reports First Quarter 2023 Results
LONGBOAT KEY, Fla., May 15, 2023 (GLOBE NEWSWIRE) -- Rumble Inc. ("Rumble") (NASDAQ: RUM), the popular video-sharing platform, announced today financial results for the fiscal quarter ended March 31, 2023.
- ~ Rumble Adds YouTube's Top US Gaming Streamer, IShowSpeed, and Twitch's Most-Subscribed Streamer, Kai Cenat ~
~ Acquires Podcasting and Livestreaming Platform Callin, Founded by David Sacks ~
LONGBOAT KEY, Fla., May 15, 2023 (GLOBE NEWSWIRE) -- Rumble Inc. ("Rumble") (NASDAQ: RUM), the popular video-sharing platform, announced today financial results for the fiscal quarter ended March 31, 2023. - First quarter revenue increased over 336% to $17.6 million, compared to $4.0 million in the first quarter of 2022.
- Average estimated Minutes Watched Per Month ("MWPM") increased 3% in the first quarter of 2023 to 10.8 billion, compared to 10.5 billion in the first quarter of 2022, and 11.1 billion in the fourth quarter of 2022.
- Hours of uploaded video per day increased 82% to 11,181 in the first quarter of 2023, compared to 6,158 in the first quarter of 2022 and 10,373 in the fourth quarter of 2022.