Rumble Inc. (NASDAQ:RUM) Q3 2023 Earnings Conference Call November 13, 2023 5:00 PM ET
Company Participants
Shannon Devine - IR
Christopher Pavlovski - Founder, Chairman and CEO
Brandon Alexandroff - CFO
Tyler Hughes - COO
Conference Call Participants
Thomas Forte - D.A. Davidson
Jason Helfstein - Oppenheimer & Co.
Operator
Ladies and gentlemen, greetings, and welcome to the Rumble, Inc. Third Quarter 2023 Earnings Conference Call. [Operator Instructions] As a reminder, this conference is being recorded.
It is now my pleasure to introduce your host, Shannon Devine, Investor Relations. Please go ahead.
Shannon Devine
Thank you, operator. I'm here today with Chris Pavlovski, Founder, Chairman and CEO of Rumble; Brandon Alexandroff, the CFO; and Tyler Hughes, the COO. A press release detailing our third quarter 2023 results was released today and is available on the Investor Relations section of our company website.
Before we begin the formal presentation, I would like to remind everyone that statements made on the call and webcast may include predictions, estimates or other information that might be considered forward-looking. All forward-looking statements are made only as of the date of this webcast, and should be considered in conjunction with the cautionary statements in our earnings release and the risk factors included in our filings with the SEC.
Future company updates will be available via press releases and via the company's identified social media channels.
I will now turn the call over to Rumble's Founder, Chairman and CEO, Chris Pavlovski. Chris?
Christopher Pavlovski
Hello, and thank you for joining us today. The third quarter was strong for our business as we continue to deliver on our commitments to build our video and cloud platforms and get ready to scale monetization in 2024.
First, I would like to highlight the cloud business, where we achieved our biggest milestone to-date with the launch of the beta release of Rumble Cloud in September, ahead of schedule.
As we have stated in the past, building our own infrastructure for Rumble's video platform is existential for our business. We can never rely on big tech cloud providers for hosting.
Today, with the full build-out of the infrastructure to support Rumble Video, we are in a position to sell our excess capacity to the market through Rumble Cloud. The aim of Rumble Cloud is to provide cloud solutions to the growing segment of businesses, who are disenfranchised with big tech cloud providers, due to unfair pricing strategies and increasingly restricted terms and conditions.