Rumble Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2022
September 22, 2022 at 05:19 pm EDT
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Rumble Inc. reported earnings results for the second quarter and six months ended June 30, 2022. For the second quarter, the company reported sales was USD 4.4 million compared to USD 2.12 million a year ago. Net loss was USD 4.69 million compared to USD 0.315804 million a year ago. Basic loss per share from continuing operations was USD 0.57 compared to USD 0.04 a year ago. Diluted loss per share from continuing operations was USD 0.57 compared to USD 0.04 a year ago.
For the six months, sales was USD 8.44 million compared to USD 4.46 million a year ago. Net loss was USD 8.6 million compared to USD 0.240002 million a year ago. Basic loss per share from continuing operations was USD 1.04 compared to USD 0.03 a year ago. Diluted loss per share from continuing operations was USD 1.04 compared to USD 0.03 a year ago.
Rumble Inc. is a video sharing platform and cloud services provider. The Company comprises two segments: Rumble Services and Rumble Cloud. Rumble Services consists of three core businesses: Rumble Video, Rumble Studio, and Rumble Advertising Center (RAC). Rumble Video is enabled primarily through its flagship product, Rumble.com, a free-to-use video sharing and livestreaming platform on which users can watch, share, like, comment, and upload videos. Using Rumble Studio, creators can establish a variety of custom settings for their livestream, set up, go-live and control their livestream across multiple social platforms. Rumble Advertising Center is its proprietary advertising marketplace and network designed to facilitate transactions for advertisers seeking to access Rumble.com traffic and traffic from other publishers on the RAC network. Rumble Cloud is an infrastructure as a service (IaaS) offering consisting of a portfolio of compute, storage, security, and networking offerings.
RUMBLE INC. 
