Q2 2024 Rumble Inc Earnings Call - Interview with CEO

[music] along the way.

Speaker Change: <unk> robust line without it.

Speaker Change: Trying to find a home.

Speaker Change: The freedom totaled almost all right. So now the point is sort of never about protecting a free and open internet.

Speaker Change: Fine.

Speaker Change: Okay.

Speaker Change: Okay.

Speaker Change: Okay.

Speaker Change: [music].

Speaker Change: We declare war.

Speaker Change: Ben.

Bookings made in a nicer than today.

Ben: These flows like that.

Ben: No.

Ben: Cheap enough through things die.

Ben: No.

Speaker Change: No.

Speaker Change: Thanks.

Speaker Change: [music] Bye bye.

Speaker Change: That's it.

Speaker Change: Right.

Doug: Thanks, Doug.

Speaker Change: [music].

Speaker Change: Yes.

Matt Kohrs: Welcome to a special episode of the Matt Kohr Show. Not only do I have the honor and privilege to be in beautiful Florida, but I'm here speaking with the founder, CEO, and chairman of Rumble, Mr. Chris Pavlovski. We will be speaking about not only the record-breaking quarter that Rumble just had, all the exciting things on the horizon, but, as always, the state of free speech. Chris, I appreciate you taking the time to not only speak with me but with all the people who listen.

Welcome to a specialty episodes the Mac core show not only do I had the honor and privilege to be in beautiful, Florida, but I'm here speaking with the founder CEO and chairman of Rumble, Mr. Chris Pep Lawsky, we will be speaking about not only the record breaking.

Speaker Change: Corridor that Rumble, just had all the exciting things on the horizon, but as always the state. The current state of free speech, Chris I. Appreciate you, taking the time to not only speak with me with all the people who make Rumble Rumble.

Christopher Pavlovski: Thanks for having me. Glad to be back in Longbow Key with you here at the Rumble Studios. We changed it up a little bit. I like it. This is my first time in the new one. It's very exciting. The corner over there, which is a little different than the corner over here, but it's nicer. I think it's got different vibes.

Speaker Change: Thanks for having me glad to be back in Longboat key with you here at the Rumble City as we change it up a little bit I like it. This is my first time in the new and it's very exciting.

Speaker Change: Corner over there, which is a little different in the corner over here, but it's nicer I think it's got different vibes.

Matt Kohrs: I like it. I want to kick this off. The viewers can't see it, unfortunately, but you guys have your mission statement on the wall over here. And it says that you guys are on a mission to protect the free and open internet. With that in mind, like your company's mission statement, and everything that has been playing out not only over the past week, but the past months, and really the better part of your life right now, what you're fighting for. How do you feel like that fight's going?

Speaker Change: I like it I want to kick this off of the viewers can see it. Unfortunately, but you guys have your mission statement on the wall over here and it says that you guys are on a mission to protect a free and open internet with that in mind like your company's mission statement and everything that has been playing out not only over the past week, but past months and really the better part of your life right now what you are.

Speaker Change: Writing poor how do you feel like that fights going.

Christopher Pavlovski: I think the tides have turned. I think, you know, four years ago, I was all alone kind of fighting this all by just our team; we're fighting this all alone by ourselves. And now it's not just us, we have Truth Social, we have Axe, and we're all kind of fighting this same battle that that Rumble started. So it's, I would say, a major shift in terms of how people perceive free speech.

Speaker Change: I think the tides turned.

Speaker Change: Four years ago was all alone kind of fighting this all by just our team are fighting this all alone by ourselves and now it's a it's not just US we have true social we have acts and we're all kind of fighting the same the same battle that that Rumble started so.

Speaker Change: It's.

Christopher Pavlovski: Two, three years ago, it was like, oh, free speech means hate speech. No, that's not what it means. But that's how a lot of people were perceiving it. And then Elon jumped in, Trump jumped in, and you know, they made free speech cool again and where it should be. It's a human right.

Speaker Change: Yeah, I would say a major shift in terms of.

Speaker Change: How people perceived free speech said two three years ago. It was like Oh free speech means hate speech no that's not what it means but.

Speaker Change: That's how a lot of people are perceiving it and then Elon jumped in Trump jumped in and are they.

Speaker Change: They made free speech cool again, and where it should be it's a.

Speaker Change: Its racking, it's it's a human right and it's a it's something that's very important and.

Christopher Pavlovski: It's something that's very important. And it's great now to have other guys in the fight with us. So it's a, I think everything is changing very rapidly right now, and things are now tilting in the right direction, and the momentum is going the right way. Things are changing for the better.

Speaker Change: It's it's now great to have other guys in the fight with us So it's a.

I think everything is changing very rapidly right now and things are now tilting in the right direction and the momentum is going the right way things or things are changing for the good I like that you said not only is it kind of like the cool fight and people is getting that social traction, but what I've seen play out over the past week alone I would argue.

Matt Kohrs: I like that you said not only is it kind of like the cool fight and people, it's getting that social traction, but what I've seen play out over the past week alone, I would argue it's now paramount in the way that it's showing that it's pivotal for a functioning society. And we could get into the details of this, but literally just this past week, the amount of articles I was inundated with, the number of people who are actually being arrested for simply expressing free speech via likes and retweets, and doors getting knocked on, and getting arrested.

Speaker Change: It's now Paramount in the way that it's showing up that it's it's pivotal for a functioning society and we could get into the details of this but literally just this past week the amount of articles I was inundated with with the amount of people who are actually being arrested for simply expressing free speech via like likes and re tweets and like there.

Speaker Change: Getting knocked on getting arrested so I think that alone shows the importance, but to add a little bit of color a little bit of context. Many people I've had the opportunity to see what you've been putting out on social media over the past week of who you're teaming up with in these fights, but could you add I believe this is your first like real I guess longer form discussion I wanted to take this off.

Matt Kohrs: So I think that alone shows the importance, but to add a little bit of color, a little bit of context, many people have had the opportunity to see what you've been putting out on social media over the past week about who you're teaming up with in these fights. But could you add, I believe this is your first real, I guess, longer form discussion, and I want to take this opportunity for you to talk about the way you see this playing out in what's going on with the WFA, what's going on with GARM, what's going on with, I believe, two different lawsuits related to Google, and then also partnering up officially with Elon Musk and X to protect free speech. Can you add what your life has looked like?

Speaker Change: <unk> for you the way you see this playing out of what's going on with the WSI, a whats going on with garb, what's going with on with I believe two different lawsuits related to Google and then also partnering up officially with Elon Musk and X to protect free speech can you add.

Christopher Pavlovski: I mean, I think it's a little bit of both. I mean, I think it's a little bit of both.

Speaker Change: What do your life has looked like over the past week, it's been it's been a wild.

Christopher Pavlovski: over the past week. It's been, it's been wild.

Christopher Pavlovski: Uh, so with respect to the UK and what's going on there and what's happening in the EU, it's disgusting. And it's really important to distinguish between what's happening over there and what's happening over here in America. The fight for free speech is in America right now, and the tides are turning here in America, but outside of America, that is not the case. It's bad, and it's getting worse outside of the United States.

Brandon Alexandroff: So.

Speaker Change: With respect to the U K and what's going on in there and what's happening in the EU, It's disgusting and it's really important to distinguish what's happening over there is very different than what's happening over here in America. The fight for free speech is in America right now in the tides are turning here in America, but outside of America that is not the case, it's bad and it's getting worse.

Speaker Change: Side of the United States. So I just want to emphasize that the fight is over here and that's where the tide is turning and that's where we're starting to see these wins.

Christopher Pavlovski: So I just want to emphasize that the fight is over here, and that's where the tide is turning. And that's where we're starting to see these winds. And as America becomes stronger on this and gets better, I think that will eventually go out to the rest of the world, and you'll see the UK start moving back in the right direction, and Europe will start moving back in the right direction.

Speaker Change: And as America becomes stronger on this end and gets better I think that will eventually go out to the rest of the world and you'll see the UK start moving back in the right direction in Europe will start moving back in the right direction, but right now that's not the case those other places are going in the very in a very very wrong direction, it's very scare.

Christopher Pavlovski: But right now, that's not the case. Those other places are going in the very, very wrong direction. It's very scary. And, uh, it's appalling what we're seeing out there. And, uh, I, it's really important that we got here quickly, and we brought that to the rest of the world that needs it.

Speaker Change: Ari and it's appalling, what we're seeing out there and.

Ari: It's really important that we win here quickly and we bring that to the rest of the world that needs. It so with.

Christopher Pavlovski: So with, um, respect to the last week now, it's been a, it's been a wild week. Uh, the, I think the first thing it's hard to even keep the order of what's going on, but the first thing that did happen, I believe, let's start with the first lawsuit a couple of years ago with Google. Let's start there. Yeah.

Speaker Change: Respect to the last week now it's been a it's been a wild week.

Speaker Change: The I think the first thing it's hard to even keep the order of what's going on but the first thing that did happen I will lead you to start with the first lawsuit a couple years ago with Google, Let's start there yeah. So very early on back in 2021 January 2021 we sued Google for search preference thing and.

Christopher Pavlovski: So very early on, back in 2021, January, 2021, we sued Google for search preferencing and for preferencing in the, uh, mobile app. That was the first one that we launched, and that's a multi-billion dollar lawsuit. It's now in discovery, in late-stage discovery. Google tried to dismiss the case, but the judge denied all their requests to dismiss it.

Christopher Pavlovski: We went into full discovery, and now we're deep in discovery near the end. Then we filed a second lawsuit with respect to Google's advertising business, and that was filed more recently this year. That's in a much more recent stage. And then last week, I believe it was Tuesday, we filed a third lawsuit with Elon. We both filed in the same area in Texas together.

Speaker Change: For Preferencing in the <unk> and the mobile apps.

Speaker Change: That was the first one that we launched and that's a multibillion dollar lawsuit and.

Speaker Change: It's now in discovery in late stage discovery, Google tried to dismiss the case the judge denied all their requests to dismiss it we went into the full discovery and now we're deep in discovery near the end.

Speaker Change: Then we filed a second lawsuit on with respect to Googles advertising business and that was filed more recently.

This year so that's in a much more recent stage.

Speaker Change: And then a third lawsuit that we filed which was last week I believe it was Tuesday.

Speaker Change: We did that with Ilan and E. We both filed in the in the same area in Texas together and we went after Elon went after.

Christopher Pavlovski: Elon went after the World Federation. I don't know exactly all the entities he went after, but he went after some.

Speaker Change: The World Federation I don't know exactly all the entities. He went after we went after some he went after some on our side. We went after a W. P. P World Federation of advertisers, which is the entity that has garb and grew W. P. P, which owns a group and then that's where we went to and then as the week progressed I.

Christopher Pavlovski: On our side, we went after WPP, the World Federation of Advertisers, which is the entity that has Garm, and WPP, which owns GroupM. That's where we went. As the week progressed, I started to realize that we have emails internally from Diageo, which we released, that they're on the steering team of Garm. Maybe we have to add a few more to our lawsuit going forward. But, you know, With respect to GARM, as soon as we filed, I believe we filed on Tuesday, by Thursday, they announced they're shutting down GARM if not guilty at all.

Speaker Change: Started to realize that we have emails internally from Dr. <unk>, which we released which there on the steer team of GARP.

Speaker Change: So maybe we have to add a few more too so our lawsuit going forward, but.

Speaker Change: You know.

Speaker Change: With respect to garb as soon as we filed.

Speaker Change: I believe we filed on Tuesday by Thursday, they announced they're shutting down garb.

Christopher Pavlovski: If you're looking for a here there, I don't know how you get closer to a here there when they immediately shut down GARM two days after both Elon and I filed these lawsuits against them. So, you know, that's really suspicious to me. And even I was even predicting, I think I went on a stream predicting that GARM wouldn't last by the end of the year. They didn't last more than 24 hours.

Speaker Change: If non guilty at all.

Speaker Change: You're looking for they're there.

Ann: I don't know, how you get closer to or they're there when they immediately shut down garb two days after both Elon and I file these lawsuits against them. So you know that's real suspect to me Ann.

Ann: And I, even I was even predicting I think I went on a stream predicting that garmin last by the end of the year. They didn't last more than 24 hours.

Christopher Pavlovski: And it's my belief that there are lots of emails, not just within GARM and the World Federation of Advertisers, but every member of GARM at those large corporations that the general counsels are looking at and seeing what their media buyers at these agencies and corporations are saying about Rumble and X and various other platforms. I can only imagine how bad it is. You saw the emails that were released with Diageo emailing us, and you saw the emails that were released with Dunkin Donuts and Inspire Brands emailing us.

Ann: That.

Ann: And it's my belief that like they there are lots of emails not just within Garmin The World Federation of advertisers, but every member of GARP at those large corporations that the general counsels are looking at and seeing their media buyers at these agencies incorporations of what they are.

Ann: Saying about Rumble and acts and various other platforms are.

Speaker Change: I can only imagine how bad it is you saw the emails that we released with DRG or emailing US and you saw the emails that was released with the Dunkin Donuts and inspire brands that are E mailing us imagine what the emails are internally.

Christopher Pavlovski: Imagine what the emails are internally. And, you know, our allegation is that they control, well, we don't we don't make this allegation, and the World Federation of Advertisers says it themselves, that they control 90% of the corporate ad budgets out there. And they use that power to set a brand safety standard to basically choose where to put advertising. And they didn't want it to show up on Rumble on X, and they boycotted us. So that's not allowed. It's illegal.

Speaker Change: You know our allegation is that they control more we don't we don't make this allegation in the World Federation of advertisers say it themselves that they control 90% of the corporate AD budgets out there.

Speaker Change: And they use that power to set of brand safety standard too.

Speaker Change: So basically choose where to put advertising.

Speaker Change: And they didn't want it to show up on Rumble on X and they they boycotted us so.

Speaker Change: That's not allowed that's illegal they're abusing their power.

Christopher Pavlovski: They're abusing their power, and they monopolize the power, then abuse it. And that's an antitrust violation. So that's what we're going after them for. And, you know, that may expand into more entities.

Speaker Change: And the monopolize the power then abused it in.

Speaker Change: That's an antitrust violations. So that's what we're going after them for.

Speaker Change: And you know that.

Speaker Change: They expand into more entities and you know.

Christopher Pavlovski: And, you know, both myself and Elon are having nothing of it. Like we're not in the business of allowing these guys to monopolize control and dictate where advertisers are spending. That's harming.

Ilan: Both myself and Ilan are having nothing of it like where we're not in the business of allowing these guys to monopolize the control and dictate where advertisers are spending that's harming.

Christopher Pavlovski: That's not only harming the shareholders of the advertisers and an advertising company because now they have to pay higher rates because they've sectioned off an entire market, but it's harming Rumble, it's harming the Rumble creators. It's harming many different entities all the way up and down the chains on both sides. So we're having nothing of that. It's it's a war. I like that.

Speaker Change: That's not only harming the shareholders of the advertisers and advertising company because now they have to pay higher rates for because they've section off an entire market. That's harming rumbold harming the rumble creators, it's harming harming many different entities, all the way up and down the change on both sides. So we're having nothing of that it's it's war.

Matt Kohrs: I'm sure for many years now you always knew, especially taking on some of the entities that you are, that it was David versus Goliath, obviously. But did you ever realize that it was David versus Goliath and you're also fighting with your arm shackled behind your back? That's what I'm hearing now, like not only were you taking on a bigger opponent, but you were doing it in a not a fair fight in any way.

Speaker Change: I like that I'm sure for many years now you always knew especially taken on some of the entities that you are that was David versus Goliath obviously.

Speaker Change: But did you ever realized that it was David versus Goliath and are also fighting with your arm shackled behind your back that's what I'm hearing now is like not only where you're taking on a bigger opponent, but you were doing it and not a fair fight in anyway, they try to get advertisers to the boycott us they monopolize the search engine. So we don't get traffic from search in any meaningful way they monopolize the.

Christopher Pavlovski: They try to get advertisers to boycott us. They monopolize the search engine so we don't get traffic from search in any meaningful way. They monopolize the Android operating system by preferring a video platform on their apps. They've been trying to handcuff us.

Speaker Change: The Android operating system by Preferencing in.

Speaker Change: A video.

Speaker Change: Our video platform on their on their apps, they they've ham they they've been trying to handcuff.

Christopher Pavlovski: Rumble in ways that I don't think many people realize. It's Rumble's success over the last four years. It's its users. It's the passion behind the Rumble community that's driving us to break down all these walls. And they're starting to break down.

Speaker Change: Rumble in ways that I don't think many people realize and.

Speaker Change: Its rumble success over the last four years, it's rumbles users, it's the passion behind the Rumble community, that's driving us to break down all these walls and they're starting to breakdown garden got shut down last week and even even at Aneth.

Christopher Pavlovski: GARM got shut down last week. And even, you know, another big announcement that happened last week was that Judge Meta in the DOJ versus Google case declared Google is now a monopoly. And to clarify, so you have three independent things going on at Google, but this was between the DOJ and Google. We have the advertising antitrust suit, which is one. We have the search preference and mobile app suite, which are two. And then we have GARM, which has nothing to do, maybe it does have something to do with Google, but I don't know about it. But the GARM World Federation of Advertisers Group M and WPP.

Speaker Change: Another big announcement that happened last week as judge Meda, and the Doj versus Google case declared Google's now monopoly.

Speaker Change: And to clarify so you have three independent things going on with Google, but this was not this was the Doj and Google. This was like we have the advertising antitrust suit we have the the which is one that we have the search preferences and mobile App suite, which is too and then we have gone which has nothing to do it well maybe it does other than Google I don't know about it but.

Speaker Change: The Garden World Federation advertisers group M and W.

Speaker Change: W. P. P. I think so I'm not a lawyer I don't speak legalese, but.

Matt Kohrs: I think so. I'm not a lawyer. I don't speak legally, but the thing you're suing Google for actively right now, the DOJ just found them guilty of doing either the exact same thing or something very similar to that in a separate case.

Speaker Change: So the thing you're suing Google for actively right now the D. O J just found them guilty for doing either the exact same thing or something very similar to that in a separate case or building on the Doj. Okay. So.

Christopher Pavlovski: We're building on the DOJ case. One of the hurdles, obviously, is that we all knew Google was a monopoly, but it hasn't been determined by a court that they are a monopoly. So now that it's been determined by a court, that's a pretty big, big hurdle. And for us, we see that as absolutely massive. It's very big for us and for the world.

Speaker Change: It's <unk>.

One of the hurdles obviously as it was we all knew Google was a monopoly, but it hasnt been determined by a court there monopolies. So now that it's been determined by a court.

Speaker Change: That's a pretty big big hurdle and that.

Jason: For us we see that as a.

Jason: Absolutely massive it's very big for us and for the World.

Speaker Change: And when you look at the Doj case, and you look at the allegations and you look at with a ruling.

Christopher Pavlovski: When you look at the DOJ case, and you look at the allegations, and you look at the ruling, you start to notice that there's a lot of overlap. In their case, if you take a look specifically, you look at how they defaulted the search engines on Apple's devices and paid them a ton of money to do that. What is Google doing with YouTube by defaulting YouTube on their Android phones?

Speaker Change: You start to notice that there's a lot of crossover.

Speaker Change: In their case, if you take a look.

Speaker Change: Specifically you look at the the how they defaulted the search engines on Apple devices and paid them a ton of money to do that.

Speaker Change: What do they do it what is Google doing with Youtube by defaulting Youtube on their on their Android phones.

Speaker Change: Essentially the same thing yeah. So you know theres a lot of parallels here and these parallels are very helpful. For our litigation team. They are very helpful to Rumble and that's where the.

Speaker Change: This ruling in its entirety is extremely helpful to the worlds because.

Speaker Change: They've been trying to destroy competition, we now know that their monopoly and we now know they've been harming us so like.

Speaker Change: For Us. This is a this is a great ruling and I don't think people really realize how important this is because one they can't practice. This behavior going forward. So that's got to change there's tons of damages for Rumble. These are multibillion dollar lawsuits here, we're talking about.

Christopher Pavlovski: unknown One, they can't practice this behavior going forward. So that's got to change. There's tons of damages for rumble. These are multi-billion dollar lawsuits here we're talking about. And antitrust is treble damages. So whatever the damages are, you got to multiply by three.

Speaker Change: And and antitrust as treble damages. So whatever the damages are you going to multiply it by three and then there's a just just the idea of of the market on a whole winning like they're harming rumble, they're harming creators they're harming competition. So that's not allowed in America. That's illegal we have something called the Sherman.

Christopher Pavlovski: And then there's just the idea of the market on a whole winning like, they're harming rumble, they're harming creators, they're harming competition. So that's not allowed in America. That's illegal. We have something called the Sherman Act. So I'm really, really happy to see that the courts rule in the DOJ's favor. I think we need much more of this in America. You can't have a free market with monopolies that don't exist.

Speaker Change: So.

Speaker Change: I'm really really happy to see the courts ruling the doj's favor I think we need much more of this in America, you can't have a free market with the monopolies that doesn't exist that's not a that's not a proper market you can't have someone that controls everything.

Christopher Pavlovski: That's not a proper market. You can't have someone that controls everything. Then that harms everybody. So the Sherman Act is imperative that we use that, and we enforce it. And seeing this latest result is a massive win.

Speaker Change: Then there that that harms everybody. So the Sherman Act is imperative that we use that and we enforce it and seeing this the latest result, as a as a massive win can you give some of the audience like exact context the size because congratulations you guys. Just grew your revenue quarter over quarter.

Matt Kohrs: Can you give some of the audience, like exact context on the size, because congratulations, you guys just grew your revenue quarter over quarter, nice beat there, came in higher than all analysts predicted. And you did that with these headwinds.

Speaker Change: <unk> nice beat there came in higher than all analysts are predicting did that with these headwinds. This is the key here. We grew revenue with you know we didn't know this garms situation, what's happening when we're talking to brands for the last year.

Christopher Pavlovski: Yeah. This is the key here. We grew revenue with, you know, we didn't know this GARM situation was happening when we were talking to brands for the last year. But we just learned about it when the House Judiciary Committee released those emails about a month ago. And we were still able to grow knowing this was happening. I think that speaks volumes because imagine if this wasn't happening. Imagine what that ARPU rate would really be.

Speaker Change: But we just learned about it with the house Judiciary Committee, releasing those emails about a month ago and we still were able to grow knowing this was happening I think that speaks volumes because I imagine this isn't happening imagine what that RP right would really be imagine where we could be I think that's really important in knowing that.

Christopher Pavlovski: Imagine where we could be. I think that's really important. And knowing that they disbanded GARM two days after our lawsuit really indicates to me that there's a problem. It also indicates to me that there's going to be change. And if there's change, then this is really good news for Rumble if there's change because we're doing well without the brands. Imagine we had a little bit or imagine we had a lot that could have a real material impact on this business.

They they disbanded garn two days after our lawsuit really indicates to me. There's a there there and also indicates to me that theres.

Speaker Change: There's going to be change.

Speaker Change: Without them and if there's change then this is really good news for Rumble, if theres change because we're doing well without the brands imagine we had a little bit or imagine we had a lot that that that could have a real material impact on this business not only that in growth, but also just the suit itself the amount you're going for like one of them are alone I read it.

Christopher Pavlovski: Not only that and growth, but also just the suit itself, the amount you're going for, like one of them alone I read was for a billion dollars. And then you mentioned Trebleware, like just the pure dollar amount, then also being unshackled moving forward.

Speaker Change: For $1 billion, and then you mentioned trouble where like just the pure dollar amount then also being unshackle moving forward. It seems like truly the potential is just the sky's the limit imagine you can go to Google and you can say how to tie a tie in your land on Rumble.

Christopher Pavlovski: It seems like truly the potential is just the sky's the limit. Imagine you can go to Google and you can say how to tie a tie, and you land on Rumble. Yeah. Imagine that happens with a Rumble video because it's not happening right now that you're going to YouTube almost every time.

Speaker Change: Imagine that happens with a rumble video because it's.

Speaker Change: Not happening right now that youre going to Youtube almost every time so.

Speaker Change: I think if that changes that that's a pretty big moment.

Speaker Change: And with this latest ruling who knows what the ramifications will be will they get split up.

Speaker Change: Willie.

Speaker Change: Clearly can't preference that's been kind of rule that they can't do it anymore. So.

Speaker Change: We'll see we'll see where it goes and how Google handles it for a firm handle this ruling but at the end of the day you know Rumble, we still have our two cases that are out there and one fairly fairly deep in it. The other one is relatively new.

Speaker Change: And we await our day in court.

Speaker Change: I'm curious I would assume right now I'm, a betting man I would bet that theres, some fancy big week, Google exact watching this discussion right now what would you say to them.

Christopher Pavlovski: Don't be evil. I like it. Don't be evil. I think that particular message will resonate. They're very evil right now. Being a monopoly is being evil.

Speaker Change: Don't be evil.

Speaker Change: Don't be evil I think that particular message will resonate theyre very evil right now being a monopoly as being evil.

Matt Kohrs: I like that. I like it. To bring the focus back to Rumble and you guys beyond just some of the record-breaking, the highest live concurrent viewership with the debates. I like that. You had two specialty announcements, one partnering up with the Dolphins, the NFL team, the Dolphins. Very exciting. And then also doing some infrastructure work for the country of Macedonia. What do these two things mean for the future of Rumble?

Speaker Change: That I like it.

Speaker Change: To bring the focus back to Rumble and you guys beyond just some of the record breaking the highest live concurrent viewership with the debates I like that you had two specialty announcements one partnering up with the Dolphins. The NFL team. The Dolphins very exciting and then also doing some infrastructure work for the country of Macedonia, what do these two things mean through the.

Speaker Change: Future Rumble, so the Macedonian a thing that I talked about on the earnings release, we haven't signed anything with them, where we've had discussions with about doing.

Christopher Pavlovski: So, the Macedonian thing that I talked about in the earnings release, we haven't signed anything with them. We've had discussions about doing their infrastructure, and the Prime Minister himself went out in the media to talk about how he would like to work with Rumble, and he looks forward to progressing those conversations. So, there's nothing that's happened yet, but him going out publicly to the media and stating that he met us and they look forward to working with Rumble and exploring more with us is a real positive statement. We've seen digital transformation cloud deals with Google and El Salvador.

Speaker Change: Their infrastructure and the Prime Minister himself went out in the media to talk about how he would like to work with Rumble and he looks forward to progressing those.

Speaker Change: So there's nothing that's happened yet, but him going out publicly to the media and stating that he met us and they look forward to.

Speaker Change:

Exploring more with us as a real positive statement.

Speaker Change: We've seen digital transformation cloud deals with Google in El Salvador, and if Rumble can execute on that on that level with the government. We think that will be very material for us. So we're excited to move forward in those discussions the dolphins has Ah is assigned one.

Christopher Pavlovski: And if Rumble can execute on that, on that level with the government, we think that will be very material for us, so we're excited to move forward in those discussions. The Dolphins are a signed one.

Speaker Change: They'll be using our infrastructure.

Christopher Pavlovski: They'll be using our infrastructure, the Rumble cloud, for some of their services, so that's cool. Because like, you know, a lot of people thought that a lot of people were doubting the Rumble cloud in the sense like, You know, why did you do it? This was like, this is like, I would say this is like, kind of like a year ago, like a lot of investors were like, you know, you know, why did you do the Rumble cloud, etc. And the first thing that I think people need to realize is that the rumble cloud is existentially related to Rumble.

Speaker Change: The Rumble cloud for some of their.

Speaker Change: Some of the services. So that's cool because like you know a lot of people thought that a lot of people were doubting the rumble cloud in a sense like you.

Speaker Change: No.

Speaker Change #100: Why did you do it. This was like this is like I would say this is like kind of like a year ago like a lot of investors were like you know you know.

Speaker Change #100: Why are you doing rumble cloud et cetera, and the first thing that I think people need to realize is that the rumble cloud is.

Christopher Pavlovski: So we need it to survive. Otherwise, they're going to shut us down. They're going to shut down our speech.

Speaker Change #100: Existential to Rumble, so like we need it to survive like otherwise, they're going to shut us down they're going to shut down our speech. So we have to do it anyways and then with all this excess capacity that we have.

Christopher Pavlovski: So we had to do it anyway. And then, with all this excess capacity that we have, we said, hey, we have all this excess capacity. We already built it. Why not sell it and get a good margin on it?

Speaker Change #101: We said Hey, we have all this excess capacity, we've already built it why not sell it and get good margin on it. So that's what we did and like you know a lot of people were like okay. So what market are we going to target and we've done well we brought in public square, we brought on Trump media and Technology Group mind. You. This is only like a couple of months since we launched it it's very brand new.

Christopher Pavlovski: So that's what we did. And a lot of people were like, okay, so what market are we going to target? We did well. We brought in Public Square.

Christopher Pavlovski: We brought in Trump Media and Technology Group. Mind you, this is only a couple months since we launched it. It's very, very new.

Christopher Pavlovski: And but a lot of people were like, you know, can you really get out of that parallel economy? And I think that's where the doubt came from. And, you know, it was very, It's very... I'm very happy to say and very proud to say that we got the Miami Dolphins, and the reason why that makes it a little more exciting is that it has nothing to do with politics or the parallel economy.

Speaker Change #101: And but a lot of people who are like you know can you really get out of that parallel economy, and I think that's where that dealt was and it was a.

Speaker Change #101: It was very.

Speaker Change #101: It's very it and.

Christopher Pavlovski: We got the Miami Dolphins based on economics and what we offer. I think that's a really compelling story to bring a brand like that. We have others, but bringing a brand that big, like an NFL team, to the Rumble cloud is a big win. I think that puts a lot of the doubters a couple of years ago to rest. This is something bigger than just politics, and it's a cloud business that will cater to everyone. There's an appetite from everyone to use this, not just on the political side. I think this broadens the market potential that the cloud has, and it proves that we can execute on it.

Speaker Change #102: I'm very happy to say I'm very proud to say that like we got the Miami Dolphins.

Speaker Change #102: And the reason why that makes it a little more exciting is that that has nothing to do with politics or the parallel economy and we've got the Miami Dolphins based on economics, and what we offer and I think that's a real compelling story to bring a brand like that and we have others, but like bringing in brand that big like an NFL team too.

Speaker Change #102: The Rumble cloud is a is a big win and I think that puts a lot of the doubters a couple of years ago to rest like this is a.

Speaker Change #102: This is something bigger than just politics, and it's a it's a cloud business that will cater to everyone and there is appetite from everyone to use this not just on the political side. So I think this broadens the market potential that the cloud has and it proves that we can execute on it is kind of cool that at the same time, it is broadening and you're starting.

Christopher Pavlovski: It's kind of cool that at the same time, it is broadening, and you're starting to get traction elsewhere that has nothing to do with politics. It's also the perfect alignment with, obviously, right now; politics is a very hot thing for a good reason. We're in an election year. I'm very curious when we get some of the numbers a couple quarters from now to basically see the end of the year, like what we happen to have in whatever, October, November, December at the end, just because of the election growth.

Speaker Change #102: And to get traction elsewhere that has nothing to do with politics. It's also the perfect alignment with obviously right now politics is a very hard thing for a good reason we're in an election year I'm very curious when we get some of the numbers a couple of quarters from now to basically you see the end of the year.

Speaker Change #102: What we have been to have in whatever October November December at the end just because of the election growth NFL is going.

Christopher Pavlovski: It seems like there's a couple of things coming together with that. Is that the generic feel within the company, within the leadership team? Is that what you're seeing, or am I, I guess, having visions of grandeur?

It seems like there's a couple of things coming together with that is that the generic field within the company within the leadership team like is that where youre seeing or am I, I guess, having visions of grandeur.

Christopher Pavlovski: So, yeah, like the excitement for me, and I said this in my earnings script, is really kind of building up right now. And it's building up because, like, we've built these fantastic products, and now we're starting to sell these products, and we're starting to see wins come in, like the Miami Dolphins.

Speaker Change #103: So yeah I like the excitement for me and I said this in my earnings script as a as really kind of building up right now and is building up because like we've built these fantastic products and now we're starting to sell these products and we're starting to see wins come in like the Miami Dolphins.

Christopher Pavlovski: We launched Rumble Premium, and we're seeing wins there, like we're extraordinarily happy with how Rumble Premium has started. I actually, you know, I kind of doubted Rumble Premium. I didn't think that it was going to be an offering that would get very highly adopted, but I'm being proven quickly wrong in the sense that Rumble Premium is something that people really, really want. So that's a great surprise to me to see that happen, and I look forward to pushing on that.

Speaker Change #103: We launched Rumble premium and we're seeing wins, there like where we're extraordinarily happy with how rumbled premiums off.

Speaker Change #104: As I started I actually.

Speaker Change #104: Kind of doubted Rumble premium I didn't think that was gonna be an offering that would get very highly adopted but I'm being proven quickly wrong in the sense that the Rumble premium is is something that people really really wanted.

Speaker Change #104: So that's like a great a great surprise to me to see that happen and we I look forward to pushing on that I think we're going to do a lot with Rumble premium based on what we're seeing currently with it. So yeah. It's the excitement right now from the cloud to the Rumble business.

Christopher Pavlovski: I think we're going to do a lot with Rumble Premium based on what we're seeing currently with it. So yeah, the excitement right now from the cloud to the Rumble business, growing revenue when you have a boycott on you, seeing Premium get off to such a great start here in Q3, it's just culminating in a lot of excitement. So it's still early days for us, you know; we just launched the cloud months prior. We just launched the Premium service months prior, and, you know, we have an advertiser boycott we have to overcome.

Growing revenue when you have a boycott on U C.

Speaker Change #104: Seeing premium get off to such a great start here in Q3.

And all of its just culminating into a lot of excitement. So it's a it's still early days for US you know, we just launched the cloud.

Speaker Change #105: Months prior we just launched a premium months prior and you know.

Speaker Change #105: We have an advertiser boycott we have to overcome so it's like there's still there's still a lot happening and there's a lot of work to do but the excitement is is starting to reach a really high level and we haven't even gotten into September and October and November you smell like you know this is just the summer.

Christopher Pavlovski: So it's like there's still a lot going on and there's a lot of work to do, but the excitement is starting to reach a really high level, and we haven't even got into September, October, and November yet. This is just the summer, and typically, summers are quite quiet on the internet. So it hasn't been quiet for Rumble this summer, that is for certain. Even StreamCharts openly, I guess they have publicly said that just the average live stream viewer is up 34% from June and July, and that's a significant bump, according to StreamCharts.

Speaker Change #106: And typically the summers are quite quiet on the Internet. So you know it's it's been it's nerf hasnt been quiet for Rumble. This summer that is for certain even stream charts openly.

Speaker Change #106: I guess they have publicly said that we were just the average livestream viewers is up 34% from June and July and that's a that's a significant that's a significant bump. According to stream chart. So you know we're seeing a lot of things happen right now right, we're kind of right in the middle of it I didn't anticipate the summer to kick off like the way it.

Christopher Pavlovski: So, you know, we're seeing a lot of things happen right now, kind of right in the middle of it. I didn't anticipate the summer to kick off like the way it has. I didn't anticipate a debate in June, so things kind of got off late June, got off to a little bit of an earlier start than I thought they would have started off on.

Speaker Change #106: Has.

Speaker Change #106: I didn't anticipate a debate.

Speaker Change #106: In June the things kind of got a got off late June got off to a little bit of an earlier start than I than I thought it would've gone started off on but.

Christopher Pavlovski: But, you know, that's all good for us. That's what's driving my excitement, for sure.

Speaker Change #106: You know that that's that's all good for us. It's that's what's driving my excitement that's for sure I absolutely love it.

Matt Kohrs: I absolutely love it. If you don't mind, we'll turn it over to some questions. Folks, this is the perfect time to ask. And as you're sending your questions in, there's one final one. Just I want to put a bow on it. As you guys are continually stacking up these wins, and it felt from the outsider standpoint, you Rumble independently fighting for free speech in your own way.

Speaker Change #107: You don't mind, we'll turn it over to some questions folks. This is the perfect time to ask an azure sending your questions in others. One final one just I want to put a bow on it as you guys are continually stacking up these wins and it felt from the outsider standpoint, you Rumble independently fighting for free speech in your own way and it felt like in another corridor, that's what Elon.

Christopher Pavlovski: That's what Elon Musk was doing with X. And now, we're almost seeing that you guys are both stacking up wins together as more of a dynamic deal. Do you think there's a realistic chance that other social media leaders might join you guys and go from like a duo to a trio to a quad? Because you can't deny the wins that you're now stacking up against Elon, and it's getting bigger together.

Speaker Change #108: Musk was doing with X and now recently, where almost thing that you guys are both stacking up wins together as more of a dynamic deal do you think there's a realistic chance that other social media leaders might join you guys can go from like a duo to a trio to like Quad because you can't deny the wins that you are now is that going up and ilan and it's getting bigger.

Speaker Change #107: Other.

Matt Kohrs: Yeah, no, I would love that. I would really love to see other CEOs jump in on that and join us. You know, I talk to Elon regularly, and, you know, the one thing that we talk about a lot is these types of things. So if more were to join, that would be great. I'm not sure they have. What's the word? They don't have the balls to join in yet, but I think, you know, once we set the trend and go forward, I think that'll change. I think more will join in.

Yeah, No I would love that.

Speaker Change #109: I would really love to see other Ceos jump in on that and and join us.

You know I talked to you on regularly and you know.

The one thing that we talked about a lot about as these types of things so.

Speaker Change #110: If if more or to join that would be great I'm not sure. They they have a what's the word a they don't have the balls [laughter] joined yet so but I think once we set the trend in the go forward I think that'll change I think more will will join them well to any of the tech leaders paying attention right now here's your open invitation, but with that being.

Christopher Pavlovski: Well, to any of the tech leaders paying attention right now, here's your open invitation. But with that being said, let's turn over a little bit to the audience. One of the top ones, which I see this being asked quite a bit, is whether it has been difficult to attract advertisers? Obviously, we touched quite a bit on that. But if you were to put just a difficulty rating, like "has it been absurd or some a little bit more lenient?"

Speaker Change #110: Let's turn it over a little bit to the audience.

Speaker Change #112: One of the top ones I see this being asked quite a bit is has it been difficult to attract advertisers, obviously, we touched quite a bit on that but if you were to put just a difficulty rating like as it been absurd or some a little bit more lenient. So yes, and no for performance based advertisers we performed so well it's been great and that's why we've been growing so that's where we're at.

Christopher Pavlovski: So yes and no. For performance-based advertisers, we perform so well. It's been great. And that's why we've been growing. So that's where you see the growth.

Christopher Pavlovski: When it comes to brands, yes, it's been difficult. So it depends on the cohort of advertisers you're looking for. If you're looking for Fortune 500 brands, absolutely, it's been difficult.

Speaker Change #110: You see the growth.

When it comes to brands, yes, it's been it's been it's been difficult so.

Speaker Change #113: It depends on the cohort of advertisers who are looking for if you are looking for the fortune 500 brands absolutely. It's been difficult, but if you are looking for companies that care about ROI and getting value for their.

Christopher Pavlovski: But if you're looking for companies that care about ROI and getting value for their business, we do well. And that's where you're seeing our growth. And that's why we grew quarter over quarter. Mind you, if we had the brands, I think you'd see much larger growth quarter over quarter. And I think this is what's holding us back in terms of real accelerated growth. But nevertheless, I do believe that our audience is so good that the performance beta advertisers, you know, even they are ramping up with us, which is great.

Speaker Change #114: For their business, we do well and that's where you're seeing our growth and that's why we grew quarter over quarter mind, you. If we had the brands I think you'd see much larger growth quarter over quarter and I think this this is what's holding us back in terms of like real accelerated growth.

Speaker Change #114: But nevertheless, I do believe that a R.

Speaker Change #114: Our audience is so.

Speaker Change #115: So good that the performance data as advertisers, even they are ramping up with US, which is which is great speaking of growth have you considered other alternatives such as acquiring a company such as like sub stack, which is popular in the newsletter space. We look at the various different companies all the time I can't get into.

Christopher Pavlovski: Speaking of growth, have you considered other alternatives such as acquiring a company such as Substack, which is popular in the newsletter space?

Christopher Pavlovski: We look at various different companies all the time. I can't get into anything specific with any specific company, but it's something we're always open to. We've made acquisitions in the past, and I look at our acquisitions as being extremely successful acquisitions. One was the call-in, which turned into Rumble Studio, and two was Locals, which will eventually be integrated very heavily with Rumble by the end of the year.

Speaker Change #116: Like anything specific with any specific company, but it's something we're always open to we've made acquisitions in the past and I I look at our acquisitions as being extremely successful acquisitions and the one who was the colon, which turned into Rumble studio and two as locals, which it will eventually here be integrated very heavily with rumble by the end of the year. So.

Speaker Change #116: Acquisitions are something I always I'm always looking at obviously I can't talk about things, we look at but definitely something that we're open too worried about the potential building out another larger thing in house, such as your own Rumble search engine.

Christopher Pavlovski: Acquisitions is something I'm always looking at. Obviously, I can't talk about things we look at, but it's definitely something that we're open to. What about the potential of building out another larger thing in-house, such as your own Rumble search engine? I know I get a lot of requests for that, but that is not in the works. Not a search engine. And the reason why is that I do believe that artificial intelligence and AI will start to take over.

Speaker Change #116: That is I know I get a lot of requests for that but that is not in the works not a search engine and the reason why is that I do believe that artificial intelligence and AI will start to take over and that's a very expensive endeavor to go on and Theres a lot of people working on that I don't.

Christopher Pavlovski: And that's a very expensive endeavor to go on, and there are a lot of people working on that. I don't see that as a good resource for us to get into at this point in time, just because there are so many players working on that that are doing good things that aren't Google. I think Elon's working on Groke.

Speaker Change #116: See that as a good resource for us to get into at this point in time just because.

Speaker Change #116: Theres. So many players working on that that are doing good things that arent.

Speaker Change #117: Google that Ah I think Elon is working on growth.

Speaker Change #117: Matt I'm not sure if I'm, saying that right, but like that's you know something that I think will transform into a type of search eventually.

Christopher Pavlovski: I'm not sure if I'm saying that right, but that's something that I think will transform into a type of search eventually. I think a lot of AI engines will transform into a type of search. But I don't think we're there yet. I think there's a gap still. So someone needs to fill that gap for the next two years.

Speaker Change #117: I think a lot of AI engines will transform into a type of search I don't think we're there yet I think there's a cap still so someone needs to fill that gap for the next two years, but to build a good search engine in very quick order is a is a very expensive thing to do and it's almost impossible to do it quickly so and by the time you build it they.

Christopher Pavlovski: But building a good search engine in very short order is a very expensive thing to do, and it's almost impossible to do it quickly. And by the time you build it, the internet will have evolved to an AI. I think Google will evolve into an AI-based search engine as well. And I think there are a lot of players already playing in that space. So if there's a need and there's a gap, then it makes financial sense for us to get into it. I'll look at it.

Speaker Change #117: Internet will have evolved to.

Speaker Change #117: I think Google will evolve into an AI AI based search engine as well so.

Speaker Change #117: And I think there's a lot of players already playing in that space. So if there's a need and you know there is a gap and it makes financial sense for us to get into I'll look at it but it's hard to convince me right now with where AI is going and.

Christopher Pavlovski: But it's hard to convince me right now with where AI is going and where people are currently focused, like Elon himself focused on Groke. It's difficult for me to put my focus on that specific thing. Fair enough. Obviously, whatever path you choose to take or not take, it's no secret that this company as a whole is very much in treacherous waters. You've already locked horns with governments, like literal global governments. What happens if this escalates and goes further?

Speaker Change #117: Where you know where people are currently focused like Elon himself focused on growth.

Speaker Change #118: It would be it's difficult for me to put focus into that into that specific thing yeah fair enough, obviously, whatever path you choose to take or to not take it's no secret that you're discounting as a whole is very much an treacherous waters, you've already locked horns with governments like literally just global government.

Christopher Pavlovski: Earlier in our conversation, we talked about the UK. I don't know. Maybe I'm being a little bit pessimistic. It feels like that fight is going to get worse before it gets better.

Speaker Change #118: What happens if this escalates and go further earlier in our conversation we talked about the U K like.

Speaker Change #119: I don't know, maybe maybe I'm being a little bit pessimistic. It feels like that fight is going to get worse before it gets better is that what you're seeing are you guys prepared for it does it keep you up at night globally for sure, but we're a merit or were in Longboat key Florida right now so like in America. No. I think this is gone the opposite way in America I think in <unk>.

Christopher Pavlovski: Is that what you're seeing? Are you guys prepared for it? Does it keep you up at night? Globally, for sure. But we're on Longboat Key, Florida, right now.

Christopher Pavlovski: So in America, no. I think this has gone the opposite way in America. I think in America, the tides are turning towards free speech. I think the judicial system really understands that, and they're willing to uphold it. So I don't have any fear in the United States with respect to the First Amendment.

Erika: Erika the tides turn towards free speech and.

Erika: The I think the judicial system really understands that and they're willing to uphold it. So I don't see I don't have any fear in the United States with respect to the first amendment I think that's something that's sacred over here and and people really value that including the judicial system. So I have no fear whatsoever in the United States, but outside of outside of the United States.

Christopher Pavlovski: I think that's something that's sacred over here. People really value that, including the judicial system. So I have no fear whatsoever in the United States.

Christopher Pavlovski: But outside of the United States, anything can go. So I would stay away. I think it's fair to argue that your chances of success would increase as Rumble grows as a platform. So on one side, you have the audience. On the other side, you have creators. So for people who are maybe watching this and thinking, should I be a creator on Rumble? I know my own numbers on Rumble.

Anything can go so.

Erika: So I would stay away.

Speaker Change #121: I think it's fair to argue that your chances of success would increase as Rumble just grows as a platform. So on one side you have the audience on the other side you have creators so to people who are maybe watching this thinking should I be create on Rumble I know my own numbers on Rumble I see my numbers going up but generically since you have access to all of the numbers are.

Christopher Pavlovski: I see my numbers going up. But generically, since you have access to all the numbers, are creators making more money? Are they making more money on streams now? Yes.

Speaker Change #122: Creators, making more money are they making more money on streams now yeah. So one of the things. We're doing is we're putting a lot of focus into the recommendation and artificial intelligence engines and it's something that we've released.

Christopher Pavlovski: So one of the things we're doing is we're putting a lot of focus into the recommendation and artificial intelligence engines. It's something that we released recently, and we're going to be iterating. If you understand how AI works, you kind of have to learn, and you have to collect a lot of data in terms of what people are watching and be able to recommend the right things back to them. So one of the things that we've realized with Rumble is that we have a lot of good content.

Speaker Change #122: Recently, and we're gonna be Iterating as we.

Speaker Change #122: If you understand how AI works you kind of have to learn and you have to collect a lot of data in terms of what people are watching and be able to recommend the right things back to them. So one of the things that we realize with rumbles, but we have a lot of good content. We have a lot of good craters that create all kinds of different content in all different types of verticals and but we haven't been good at surfacing that it's been quite <unk>.

Christopher Pavlovski: We have a lot of good creators that create all kinds of different content and all different types of verticals, but we haven't been good at surfacing that. It's been quite bad, actually, in surfacing that, and we've stayed away from it because, You know, I'm not the biggest proponent of AI for a lot of different reasons. So if we do employ it and do go, and I'm not, I don't love how algorithms have kind of taken advantage of the population for the last four years. So I've been very sensitive to like getting into that.

Speaker Change #122: That actually and surfacing that and we've stayed away from it because like.

Speaker Change #123: You know I'm not the biggest proponent of of AI for a lot of various reasons. So if we do employ it and do go in and I'm not I don't love how algorithms have kind of taken advantage of the population for the last four years. So I've been very sensitive to like getting into that but that has changed in this year in the sense that I think it's actually imperative now for Rumble to.

Christopher Pavlovski: But that has changed this year in the sense that I think it's actually imperative now for Rumble to get into the machine learning in AI when it comes to recommending videos so that we can surface and discover content for creators that have their content buried. So that will drive more revenues for them. That'll drive more views for them, and it'll drive more views for content that's performing well. So I think from a creator's perspective and from a Rumble perspective, we need to do it.

Speaker Change #123: Get into the machine learning and AI when it comes to recommending videos. So that we can surface and discover content for creators that have their content buried so that will drive more revenues for them that will drive more views for them and it'll drive more views to content that that's performing well. So I think for our creators perspective and for a rumble.

Active we need to do it so we're going to do it and we're going to do it specifically there and we're going to be very very conscious not to have any kind of biases that these other companies have done and then that's like my fear about it is that theres been so many biases and these other companies. It's like you know does bias eventually get into it and you know the way.

Christopher Pavlovski: So we're going to do it, and we're going to do it specifically there. And we're going to be very, very conscious not to have any kind of biases that these other companies have done. And that's like my fear about it is that there have been so many biases in these other companies. It's like, you know, does bias eventually get into it?

Christopher Pavlovski: And, you know, the way we've built this company with the employee base that we have, I don't believe it should. And we're going to put checks and balances in there to make sure that never happens. So, but we are going to be We have launched a recommendation algorithm for people that are logged in, and we're going to be broadening that and working on that quite extensively here going forward. Sounds like you're juggling quite a few things, and none of these things can possibly happen overnight. It's not feasible for them to happen overnight.

Speaker Change #123: We've built this company with the employee base that we have I don't believe so and we're going to put checks and balances in there to make sure that never does happen. So, but we are going to be we have launched a recommend our recommendation algorithm for people that are logged in and we're gonna be broadening that and and working on that quite extensively here going forward.

Speaker Change #124: Sounds like you're juggling quite a few things and none of these things can possibly it's not feasible for them to happen overnight. So I think a very real question. Here is is since it's going to take maybe multiple quarters multiple years, it's fair to talk about your cash burn as the leader of the company and also the entire leadership team how do they view manage the growth that is going to take more.

Christopher Pavlovski: So I think a very real question here is, since it's going to take maybe multiple quarters, multiple years, is it fair to talk about your cash burn as the leader of the company and also the entire leadership team? How do they view managing the growth that is going to take once again, multiple quarters versus the cash burn? Yes.

Speaker Change #124: Once again multiple quarters versus the cash burn.

Christopher Pavlovski: I think at Rumble, we've actually built, excuse me, we've built everything that we need right now. We have RAC, we have the platform, we have the cloud, we have a big cloud, lots with lots of excess capacity to go sell now. So we don't really need to invest so much money in building all these things. We've done most of the job, and a lot of our cash burn is actually on discretionary spending.

Speaker Change #125: So I think as a at Rumble, we've actually we've built excuse me.

Speaker Change #126: We've built everything that we need right now we have rack, we have the platform we have cloud with big cloud.

Speaker Change #126: With a lots of excess capacity to go sell now.

Speaker Change #126: So we don't really need to invest so much money in building. All these things we've done most of the job and a lot of our cash burn is actually on discretionary spending it's not on.

Christopher Pavlovski: It's not on it's not in fixed costs that are going to be going on forever, and definitely a lot of it is actually discretionary. They're in content creator contracts that we have done. They're in sports leagues that we have done, and all that kind of a lot of that starts to taper off here early in twenty twenty one. So that should have a material impact on cash burn as we progress into 2025.

Speaker Change #126: It's not in fixed costs that are going to be going on forever indefinitely. A lot of it is actually in and discretionary they're in content creator contracts that we've done there and sports leagues that we have done and all those kind of you know a lot of that starts to taper off here early in 2025 so.

Speaker Change #127: That should have a material impact on cash burn as we progress into 2025 awesome I appreciate that and out of my own I guess morbid curiosity or speaking with things that you've already built it's no secret like Tonight is a great example for those of you who don't know Elon and the former President Donald Trump will be having a conversation I'm.

Christopher Pavlovski: I appreciate that, and out of my own curiosity, speaking with things that you've already built. It's no secret that tonight's a great example for those of you who don't know Elon Musk and the former President, Donald Trump, will be having a conversation. I'm assuming the servers that Rumble is going to be buzzing with it, and I think that buzz will probably be quiet compared to what's going to be going down in November. How are you guys prepared for that? Are you guys already ready to scale up huge? Are you like rushing at the last second to build even more of your own servers? We're at...

Speaker Change #128: <unk> the servers that rumble are going be buzzing with it and I think that buzz will probably be quiet to what's going to be going down in November. How are you guys preparing for that are you guys already ready to scale up huge are you like rushing out the last second to build out even more of your own servers. We're absolutely ready. So the first debate that happened we weren't anticipating that first debate that kind of hit.

Unknown Attendee: Unknown Attendee Absolutely ready. So the first debate that happened, we weren't anticipating that first debate, and that kind of hit us by surprise. They accepted the debate early. We didn't think that was going to happen in June.

Speaker Change #128: US by surprise the accepted a debate early we didn't think that was going to happen in June so we werent.

Christopher Pavlovski: So we weren't, we experienced like, I think, 15 minutes of issues on that debate night, and we still hit records according to stream charts. So that was, that was a great night in that sense. But we've actually put a ton of resources into building out our infrastructure here in the last couple of years.

Speaker Change #129: We experienced like I think 15 minutes of a of issues on that debate night and we still hit records. According to stream charts. So that that was a that was a great night and in that sense, but we.

Speaker Change #130: We've actually put a ton of resources in building out our infrastructure here in the last couple of years and most particularly a lot of that has been finalized here in the last 30 days. So we're ready we can't wait I think we can push the limits.

Christopher Pavlovski: And most particularly, a lot of that has been finalized here in the last like 30 days. So we're ready. We can't wait. I think we can push the limits. I want to push the limits.

Want to push the limits I want to see how far we can go how big we can get and tutton nights like Tonight, I think are going to be a big nights any any big things like this a debate or big interview always bode really well for Rumble, along all or a lot of craters start screaming about it talking about it they bring in their audience is a lot of users are looking for life.

Christopher Pavlovski: I want to see how far we can go, how big we can get, and nights like tonight, I think are going to be a big night. Any, any big things like this, a debate or a big interview always bode really well for Rumble. A lot of creators start streaming about it, talking about it. They bring in their audiences. A lot of users are looking for live content and commentary on it. And Rumble is a place to go do that.

Speaker Change #130: Content and commentary on it and rumbles a place to go do that you turn on your TV down.

Christopher Pavlovski: You turn on your TV, you know; you can download the Rumble app, watch it on your TV while you're sitting on the couch, or you can watch it on your phone or on your computer. So we provide access to this content through all different apps.

Speaker Change #130: You can download the Rumble App watch it on your T V. While you're sitting on the couch or you can watch it on your phone or on your computer so we.

Speaker Change #130: We provide access to this content in all different apps and.

Christopher Pavlovski: And yeah, I think tonight's going to be interesting to watch. I'll be watching some commentary on it on Rumble. I'm very excited myself for it is speaking of tonight. Are there certain things you're hoping they do talk about? Are there certain things you're listening for?

Speaker Change #131: Yeah, I think Tonight is going to be interesting to watch I'll be watching some commentary on it on Rumble I'm very excited and myself, where it is speaking up Tonight are there certain things you're hoping they do talk about are there certain things are listening for or are you just going to be listened to enjoy the experience as a whole I'm a spectator.

Christopher Pavlovski: Or are you just going to be listening to enjoy the experience as a whole? I'm a spectator. I'm in for the entertainment. So, you know, I can't wait to watch it just because it's fun to watch. Having Elon interview Trump sounds like it would be very interesting to me.

Speaker Change #132: I'm in for the entertainment, So Oh I can't wait to watch it just because it's a it's fun to watch.

Speaker Change #133: Having ilan interview trumps sounds that sounds very interesting to me is the gateway to watch it definitely not on my 2024 bingo card, but here we are about to experience it.

Matt Kohrs: So I can't wait to watch it. Definitely not on my 2024 bingo card. But here we are about to experience it. Folks, we're kind of at the end of this right now. So if you want to get your final questions directly to the founder, CEO, and chairman of Rumble, Mr. Chris Pebloski, we have a couple more minutes because, as we were just discussing, we do plan on paying attention to it ourselves. So we have a little bit more. So final questions, please let them fly. And we're going to see how many we can get to here.

Speaker Change #134: Folks we're kind of at the end of this right now so if you want to get your final questions up to directly ask the founder CEO and chairman of Rumble. Mr. Crisp Lawsky, we have a couple more minutes because as we were just discussing we do plan on paying attention to it ourselves. So we have a little bit more so final questions. Please let them fly and we're going to see.

Matt Kohrs: Comment away. Throw the chat on it. You got to get the 99 plus. Yeah. Can you see it? Yeah, so one of the questions was, hey, Chris, what's the outlook on advertising now that Garm is gone? I think we kind of answered that already.

Speaker Change #133: How many we can get to here.

Speaker Change #133: Comment away throw the chat on it is that you got to hit the 99 plus.

Speaker Change #133: Okay.

Speaker Change #133: Yeah.

Speaker Change #135: Can you see it.

Speaker Change #136: Yeah. So one of the questions are hey, Chris what's the outlook on advertising now that Garmin has gone I.

Chris I.: I think we kind of answered that already so what kind of skip that.

Christopher Pavlovski: TLDR It is looking pretty good. Can you estimate the damage Google's monopoly has caused?

Speaker Change #138: Oh, they are looking pretty good.

Chris I.: Well things.

Speaker Change #139: What kinds of questions I'm looking to see kind.

Speaker Change #139: Black in my view.

Speaker Change #141: Can you estimate the damage Google's monopoly has caused.

Christopher Pavlovski: I'll leave that to the experts. We have a lot of experts looking at it. So, you know, I'll leave that to them.

Speaker Change #142: I'll leave that to the experts are we a whole lot of experts are looking at that so I'll.

Speaker Change #142: I'll leave that to them, but if you look at our complaint it's north of a both the the advertising.

Speaker Change #143: And the mobile apps flash search preferences are in the billions both of them. So billions with a b billions with yeah. I think first of all the advertising is like over 1 billion in the I think and the same for the Oh search Preferencing in mobile apps, but that's to the experts to decide there's a there's a lot that goes into that I've seen Dan.

Christopher Pavlovski: But if you look at our complaint, it's north of both the advertising and the mobile app slash search preferencing are in the billions, both of them. Billions with a B. Billions with a B. Yeah, I think at first the advertising is like over a billion, and I think the same for the search preference and mobile apps. But that's for the experts to decide. There's a lot that goes into that. I've seen damages that are, I would say, much more than a billion, like significantly more than a billion for the search preference and mobile apps.

Speaker Change #144: Is that are.

Speaker Change #145: I would say much more than a $1 billion like significantly more than 1 billion for the search preferences and mobile apps.

Speaker Change #145: On that note is that something that.

Christopher Pavlovski: On that note, is that something that we'll most likely find out the result of the decision in 2025, like in terms of the legal process, the way it's been explained to you? I believe trial is set for 2025. I believe there's a trial date set.

Speaker Change #146: We'll most likely find out the result of the decision in 2025 like in terms of the legal process. The way. It's been explained I believe trial is set for 2025.

Speaker Change #147: Trial dates that I'd have to double check don't quote me on that but I believe that 2025 for the first one that we filed.

Christopher Pavlovski: I'd have to double check. Don't quote me on that. But I believe it's 2025 for the first one that we filed.

Christopher Pavlovski: Do you offer streaming movies? Pizza. Someone's asking me what my best pizza is. What's your favorite? All right. This might not be a popular decision, but I'm going to give it because everyone makes fun of me for it.

Speaker Change #148: Do you offer streaming movies evil someone's idea.

Speaker Change #149: Says, what's your favorite alright, this might not be a popular decision, but I'm going to give it because everyone makes fun of me for it I Love Domino's Love Diet, I loved Domino's extra sauce, well done with hot peppers.

Christopher Pavlovski: I love Domino's. Love Domino's. I love Domino's extra sauce, well done with hot peppers, pepperoni, and mushrooms. That's the one for me. If Domino's isn't calling Rumble tonight to do advertising, what are they doing? It's your favorite pizza. Domino's.

Speaker Change #150: Pepperoni and mushrooms. That's that's the one for me if dominos isn't calling rumbled Tonight to do advertising what are they doing it if your favorite pizza Domino's get on the line.

Christopher Pavlovski: Leno, get on the line here. What's going on? I'm a fan. I get trolled on that one, but I don't care. I love it.

Speaker Change #150: I'm a fan I get I gets rolled on that one but.

Speaker Change #151: I don't care I love it.

Speaker Change #151: What else it yet.

Christopher Pavlovski: When can we expect to see the short form video? I can't take part in that.

When can we expect to see short form video I can take part of this I do post short for myself I assume what they mean is like a specialize either playlists or like aspect of the platform just for short form video.

Christopher Pavlovski: I do post short form myself, so I assume what they mean is like a specialized playlist or some aspect of the platform just for short form videos. Yeah.

Christopher Pavlovski: Yeah, so short form, we're in conversations with that internally about how to roll that out. That is something we are definitely looking at. We're just kind of shifting priorities a little bit right now, and that is on our priority list in terms of what we want to get done. But, you know, I would expect, I don't want to give a timeline on that quite yet. There are some more conversations that need to be had about it. But it's something that we're keen on getting out. Okay, awesome.

Yeah, So short form we're in conversations with that internally and how to how to roll that out that is something we are definitely looking at.

Speaker Change #151: We're just kind of shifting priorities a little bit right now and that is on our priority list in terms of what we want to get done but.

Speaker Change #151: You know I would expect I don't want to give a timeline on that quite yet.

Speaker Change #151: Some more conversations that needs to be had about it but it's something that we're we're keen on getting out okay awesome.

Christopher Pavlovski: All right, folks, we do have a couple of minutes left. So once again, let it fly. We are all very excited about this conversation tonight. Do you see the headquarters?

Speaker Change #153: Alright folks we do have a couple of minutes left so once again, let it fly we are all very excited for this conversation Tonight do you see the headquarters staying in Sarasota area, 100% I love It here and I'm not leaving.

Christopher Pavlovski: Staying in the Sarasota area. 100%. I love it here, and I'm not leaving.

Christopher Pavlovski: I mean, the weather is just so incredible at night; it's hard to leave here. Yeah, Arizona is a win.

Speaker Change #153: I mean, the weathers just so incredibly at night it's.

Speaker Change #153: It's hard to it's hard to leave air soda as a win.

Christopher Pavlovski: I think we're going to expand a little more in Miami, though. Now that, you know, we have our offices there, but I think we're going to get a bigger footprint in Miami.

Speaker Change #153: I think we're going to expand a little more in Miami, though.

Speaker Change #153: You know we have our offices, there, but I think we're going to get a bigger footprint in Miami. So.

Christopher Pavlovski: Great weather, obviously still in Florida, and a lot of content creators are in that area, a lot of people, just a popular city for good reason.

Speaker Change #153: Great weather, obviously sold in Florida, and a lot of content creators are in that area a lot of people just popular city for good reason.

Christopher Pavlovski: Yeah, Miami's like the new LA. That's the kind of way I like to look at it. Everyone thought LA was the greatest place, you know, a couple decades ago. I think that's kind of transferred over to Miami. Since the whole COVID stuff, Miami seems to be the hottest place in America. At least that's how I see it.

Speaker Change #154: Yeah, that's a Miami is like the new law.

Speaker Change #154: That's kind of way I like to look at it everyone thought L. A was the greatest place you know a couple of decades ago, I think that's kind of transferred over to Miami since the whole COVID-19 stuff Miami seems to be the hardest place in America.

At least that's how I see it could be wrong. This is kind of an interesting one will you be streaming any of the dolphin games is there more of a partnership on that level that is different that is particular to cloud so they're a little video side.

Christopher Pavlovski: This is kind of an interesting one. Will you be streaming any of the Dolphin games? Is there more of a partnership on that level? Is that a different business? This is particular to Cloud, so I'm not on the Rumble video side. Someone asks, "Playlists."

Asks playlists, we we have playlists you can you can access them on Rumble already.

Christopher Pavlovski: Phenomenal. Rumble partnership round three. Um, maybe it's because I haven't had a discussion about it, and I'm not sure what the team is thinking about it. But maybe I think there we got like, you know, a lot of people upset, some people didn't like the way we treated them. It is like, you know, a lot of people loved it, some people hated it, and it creates the appearance that we're favoring some people, and we don't want that, so it's a tough decision.

Speaker Change #154: Phenomenal Rumble partnership round three.

Speaker Change #154: Maybe it's a I haven't had.

Speaker Change #155: I had a discussion around it and I'm not sure what the team is thinking about it but maybe I think there. We got like you know a lot of people upset some people didn't like the way we treat it like it is like you know a lot of or some people loved it some people hated it and it creates like you know the appearance that we're favoring some people and we don't want that so it's like it's a tough decision.

Speaker Change #155: You know we stayed away from round three for the moment, just just because of that but maybe if there is enough demand for it it's something we can revisit but I don't like the idea that people think we're picking favorites. So that's fair.

Christopher Pavlovski: We stayed away from round three for the moment just because of that, but maybe if there's enough demand for it, it's something we can revisit. But I don't like the idea that people think we're picking favorites.

Can you get.

Christopher Pavlovski: Christian music on the platform. You could buy them for very little money.

Speaker Change #156: Christian music on the platform you could buy them up for very little money Christian music. So you know where music is important and I think that's something that we're going to look into a little bit more going forward and it's.

Christopher Pavlovski: Christian music

Christopher Pavlovski: So, you know, music's important, and I think that's something that we're gonna look into a little bit more going forward, and You know, it's something I'm actually actively looking at right now on the music side. So stay tuned on that. We're definitely looking at music. I think that's a big part of driving consumption on the platform and bringing users, so it's something that I'm very interested

Speaker Change #156: It's something I'm actually actively looking at right now on the music side. So stay tuned on that we're we're definitely looking at music I think that's a big part of driving consumption on the platform and bringing users as having music. So.

Speaker Change #157: It's something that Oh, I'm I'm very interested in in a similar vein I see some people asking about comedians what are you thinking about that in a similar way well Jimmy door will be we'll be doing something with us shortly.

Christopher Pavlovski: In a similar vein, I see some people asking about comedians. Are you thinking about that in a similar way?

Christopher Pavlovski: Well, Jimmy Dore will be doing something with us shortly. There's some stuff we're going to be doing, some live events with Jimmy Dore going into the end of the year. And, obviously, you have Russell Brand. I think he announced this already himself, but I don't think we've formally said it, but there will be something.

Speaker Change #157: So we'll be.

Speaker Change #158: There's some stuff we're going to be doing some live events with Jimmy door going into the end of the year. So obviously, a Russell brand. So I think he announced this already himself, but I don't think we've formally set it but there will be something happening with Jimmy door and him doing live comedy events and Rumble. These streaming those live comedy events. It constantly so very cool I think this one right here is perfect to put a bow on it.

Speaker Change #158: What big names are streaming the talk Tonight.

Christopher Pavlovski: Unknown Speaker Ooh, I don't know. I haven't looked at that, but I'm about to be looking into that here in the next 15 minutes. But, you know, I do know that

Speaker Change #160: Ooh I don't know I haven't looked at that but I'm about to ask.

Get into that here in the next 15 minutes, but.

Speaker Change #161: I do know that the cornering has got is going to be doing is gonna be compensating on it Tonight. He did he message me about that and I'm not sure who else but.

Christopher Pavlovski: I'm not sure who else, but I'm sure there are a lot. I think the Tait brothers are also. The Taits, that's great. I didn't know that, but that's good. So I think there will be a lot. The Tait one will probably be very big, I'd imagine.

Speaker Change #161: Others are also that the tape that's that's great I didn't know that but that's good so I think there'll be a lot.

Speaker Change #161: The Tate one will probably be very big yeah, I would imagine I would definitely.

Christopher Pavlovski: I would definitely. Folks, that is what we have for you. Chris, from me personally, I appreciate you taking the time to really talk with the people who make Rumble Rumble. And folks, for everyone tuning in, thank you so much, obviously, for taking the time out of your day to listen to everything going on in the fight for free speech. I hope you enjoyed it. I hope you're enjoying the talk later tonight, and we'll catch you in the next one. Once again, thank you so much. All right.

Speaker Change #162: Folks that is what we have for you Chris for me personally I appreciate you're talking taking the time to really talk with the people, who make rumble Rumble and folks for everyone tuning in they use so much obviously, taking the time out of your day to listen to everything going on in the fight for free speech I Hope you enjoyed it I hope you're enjoying the talk later Tonight and we'll catch you in the next one once again. Thank you so much alright.

Chris I.: Thanks, a lot thanks for having me that appreciate it.

Matt Kohrs: Thanks a lot. Thanks for having me, Matt. I appreciate it.

unknown: We've got to go on the waves, we're on free, ruffles like we've found G.C., no things to find to hold in the tails of freedom's hold, Rumble called rings so loud, the voice is strong and never about, protecting a free and open isn't it? Rumble, fight, or a little man, no physical, not the man, making screaming great again, Rumble, cry, face the land, Our war on censorship, we declare words to weave up in the air Rumble keeps the storm and wave and an eye turned into tape, Brace me, flows like the height of a hiding, keeping all the truth in sight No set your hips, no iron hands, Rumble takes the mighty stance Rumble, fight, or a little man, no physical, not the man, making screaming great again Rumble, cry, face the land, Rumble, cry, face the land, Rumble

Christopher Pavlovski: So I think if that changes, that's a pretty big moment. And with this latest ruling, who knows what the ramifications will be? Will they get split up? Will they, you know, they clearly can't prefer preference? That's been kind of ruled that they can't do it anymore.

Christopher Pavlovski: So we'll see where it goes and how Google handles it for handles this ruling. But at the end of the day, you know, Rumble, we still have our two cases that are out there, and one's fairly deep in it. The other one's relatively new, and we await our day in court.

Matt Kohrs: I'm curious. I would assume right now that there are some fancy, big week Google execs watching this discussion right now. What would you say to them?