In a display of growth and evidence that there’s a large market to be tapped for free speech companies, Rumble Inc, the up-and-coming video-sharing platform, disclosed its financial results for the first quarter of 2023. Showing a significant surge in user engagement and diversified content, Rumble’s first quarter revenue experienced a whopping 336% increase, soaring to $17.6 million, compared to the $4.0 million reported in the same period of 2022.
The company noted a 3% increase in the average estimated Minutes Watched Per Month (MWPM) to 10.8 billion, and an 82% rise in the number of hours of uploaded video content per day to 11,181. Average global Monthly Active Users (MAUs) also grew by 17% to 48 million, compared to the 41 million MAUs reported in the first quarter of the previous year.
Rumble has expanded its content portfolio with significant developments on its platform. These include the launch of a new interface for desktop, mobile web, Roku, and Android users, and the introduction of Supporter Badges and monthly subscriptions to enhance monetization opportunities for creators. In an unprecedented move, the company committed to a 100% creator revenue share for Supporter Badges through the end of 2023.
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