Rumble Inc. (RUM) Earnings Call Transcript & Summary

Welcome to a specialty episode of the Matt Kohrs 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 -- the current state of free speech. Chris, I appreciate you taking the time to not only speak with me, but with all the people who make Rumble, Rumble.

Thanks for having me. Glad to be back in the Longboat Key with you here in Rumble City as we changed it up a little bit.

I like it. This is my first time in the new one. It's very exciting.

We've got a corner over there, which is a little different than the corner over here, but it's nice. I think it's got different vibes. So...

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 past months and really the better part of your life right now what you're fighting for. How do you feel like that fight is going?

I think the tide's turned. I think 4-years ago, I was all alone kind of fighting this all by -- just our team, we're fighting this all along by ourselves. And now it's not just us, we have TRUTH Social, we have X, and we're all kind of fighting the same -- the same battle that Rumble started. So it's I would say, a major shift in terms of how people perceived free speech. 2, 3 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 are perceiving it. And then Elon jumped in, Trump jumped in, and they made free speech cool again. And where it should be. It's -- it's a human right. It's something that's very important. And it's now great to have other guys in the fight with us. So it's -- 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 good.

I like that. You said not only is it kind of like the cool fight and people -- it is 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 off 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 their door is 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 have had the opportunity to see what you've been putting out on social media over the past week of who you're teaming up within these fights. But could you add -- I believe this is your first like real, I guess, longer-form discussion, and I want to take this opportunity for you, the way you see this playing out of what's going on with the WFA? What's going on with GARM? What's going on with, I believe, 2 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 over the past week?

It's been wild. So 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 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. 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. 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 U.K. start moving back in the right direction and Europe will start moving back in the right direction. But right now, that's not the case. Those other places are going in a very, very wrong direction. It's very scary, and it's appalling what we're seeing out there. And -- it's really important that we win here quickly, and we bring that to the rest of the world that needs it. So with respect to the last week now, it's been a -- it's been a wild week. 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.

Yes. So very early on back in 2021, January 2021, we sued Google for search preferencing and for preferencing in the mobile apps. That was the first one that we launched, and that's a multibillion-dollar lawsuit, and 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 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. So that's in a much more recent stage. And then a third lawsuit that we filed, which was last week, I believe it was Tuesday, we did that with Elon. And we both filed in the same area in Texas together. And we went after -- Elon went after 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 WPP, World Federation of Advertisers, which is the entity that has GARM and WPP, which owns GroupM, and that's where we went to. And then as the week progressed, I started to realize that we have e-mails internally from Diageo, which we released, which they're on the steer team of GARM, so maybe we have to add a few more to our lawsuit going forward. But with respect to GARM, as soon as we filed -- I believe we filed on Tuesday. By Thursday, they announced they are shutting down GARM.

If not guilty at all.

If you're looking for there, there, I don't know how you get closer to it there, there when they immediately shut down GARM 2-days after both Elon and I filed these lawsuits against them. So that's real suspect to me. And I 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. I have not predicted that, and it's my belief that like they -- there are lots of e-mails, 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 their media buyers at these agencies and corporations of what they're saying about Rumble and X and various other platforms, I can only imagine how bad it is. You saw the e-mails that we released with Diageo e-mailing us, and you saw the e-mails that was released with the Dunkin' Donuts and Inspire brands that are e-mailing us. Imagine what the e-mails are internally. And our allegation is that they control -- we don't make this allegation. The World Federation of Advertisers say 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 and X, and they boycotted us. So that's not allowed. That's illegal. They're abusing their power, and they monopolized the power then abused it, and that's an antitrust violation. So that's what we're going after them for. And that may expand into more entities. And both myself and Elon are having nothing of it, like we're not in the business of allowing these guys to monopolize the control and dictate where advertisers are spending. That's harming. That's not only harming the shareholders or the advertisers and an advertising company because now they have to pay higher rates for -- because they have section off an entire market, that's harming Rumble, that'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 war.

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. 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 is like not only were you taking on a bigger opponent, but you were doing it in not a fair fight in any way.

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 monopolized the Android operating system by preferencing a video -- a video platform on their apps. They have -- they've been trying to handcuff Rumble in ways that I don't think many people realize. And it's Rumble's success over the last 4-years, it's Rumble's 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. GARM got shut down last week. And even another big announcement that happened last week is Judge Mehta in the DOJ versus Google case declared Google's now monopoly.

And to clarify, so you have 3 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 -- which is one. We have the search preferencing and mobile app suit which is two. And then we have GARM, which has nothing to do -- well, maybe it does, doesn't in Google, I don't know about it. But the GARM, World Federation of Advertisers, GroupM and WPP, I think.

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

So we're building on the DOJ case. So it's -- one of the hurdles, obviously, is -- was -- we all knew Google was a monopoly, but it hasn't been determined by a court they are 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. And 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 crossover. In their case, if you take a look, specifically, you look at the -- how they defaulted the search engines on Apple's devices and paid them a ton of money to do that. What do they do? What is Google doing with YouTube by defaulting YouTube on their Android phones? It's essentially the same thing. So there's a lot of parallels here. And these parallels are very helpful for our litigation team. They're very helpful to Rumble and it's -- this ruling in its entirety is extremely helpful to the world because they have been trying to destroy competition. We now know that they're a monopoly, and we now know they have been harming us. So like for us, 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. And in antitrust, there's treble damages. So whatever the damages are, you got to multiply them by 3. And then there's just -- 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 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 doesn't exist. That's not a -- that's not a proper market. You can't have someone that controls everything. Then there -- that harms everybody. So the Sherman Act is imperative that we use that and we enforced it. And seeing this latest result is a massive win.

Can you give some of the audience like exact context to the size? Because congratulations, you guys just grew your revenue quarter-over-quarter. Nice beat there, came in higher than all analysts predicted.

We did that with these headwinds. This is the key here. We grew revenue with -- 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 with the House Judiciary Committee releasing those e-mails about a month ago. And we still were able to grow knowing this was happening. I think that speaks volumes because imagine this isn't happening, Imagine what that ARPU rate would really be, imagine where we could be. I think that's really important. And knowing that they disbanded GARM 2 days after our lawsuit really indicates to me there's a there there. And also indicates to me that there's going to be change. And if there's a 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.

Not only that in growth, but also just the suit itself, the amount you're going for. Like one of them alone, I read it was for $1 billion and then you mentioned treble, just the pure dollar amount, then also being unshackled moving forward, it seems like truly the potential is just this guys...

Imagine you can go to Google and you can say, how to tie a tie and you land on Rumble. Imagine that happens with a Rumble video because it's not happening right now, that you're going to YouTube almost every time. 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 -- they clearly can't preference and that's been kind of a rule that they can't do it anymore. So we'll see -- we'll see where it goes and how Google handles it for -- handles this ruling. But at the end of the day, Rumble, we still have our 2 cases that are out there, and one is fairly deep in it. The other one is relatively new, and we await our day in court.

I'm curious, I would assume right now, I'm a betting man, I would bet that there's some fancy big wig, Google execs watching this discussion right now. What would you say to them?

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.

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 2 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 2 things mean for the future of Rumble?

So the Macedonian thing that I talked about in our earnings release, it's -- we haven't signed anything with them. We're -- we've had discussions with -- 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 exploring more with us is a real positive statement. We've seen digital transformation cloud deals with Google and 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 is a signed one. They'll be using our infrastructure, the Rumble Cloud for some of the services. So that's cool because like a lot of people thought that -- a lot of people are doubting the Rumble Cloud in the sense like why did you do it? This is like -- I would say this is like kind of like a year ago, like a lot of investors were like, why doing Rumble Cloud, et cetera. And the first thing that I think people need to realize is that the Rumble Cloud is 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 had to do it anyways. 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 good margin on it. So that's what we did. And like a lot of people were like, okay, so what market are we going to target? We've done well. We brought in PublicSquare. We brought in Trump Media & Technology Group. Mind you, this is only like a couple of months since we launched it. It's very brand new. And -- but a lot of people were like, can you really get out of that parallel economy? And I think that's where that doubt was. And it was very -- I'm very happy to say and very proud to say that like we got the Miami Dolphins and the reason why that makes it a little more exciting is that, that has nothing to do with politics or the parallel economy. We've got the Miami Dolphins based on economics and what we offer. And I think that's a really compelling story to bring a brand like that. And we have others. But like bringing a brand that big, like an NFL team to the Rumble Cloud is a big win. And I think that puts a lot of the doubters a couple of years ago to rest. Like this is -- this is something bigger than just politics, and it's -- it's a cloud business that will cater to everyone and there's 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.

It's kind of cool that at the same time, it is broadening and you're starting to get traction out where 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 here. I'm very curious when we get some of the numbers a couple of 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 because of the election, growth NFL is going. 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? Like is that what you're seeing? Or am I, I guess, having visions of grandeur?

So yes, 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. We launched Rumble Premium, and we're seeing wins there, like we're -- we're extraordinarily happy with how Rumble Premiums off has started. Actually, I kind of doubted Rumble Premium. I didn't think that 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 wanted. So that's like 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 yes, 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, all of it, it's just culminating to a lot of excitement. So it's still early days for us. We just launched the cloud months prior. We just launched the premium months prior. And we have an advertiser boycott we have to overcome. So it's like there's still a lot happening, 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 and October and November yet, so like this is just the summer. And typically, the summers are quite quiet on the Internet. So it's been -- it hasn't been quiet for Rumble this summer. That is for certain. Even stream charts openly -- I guess they had publicly said that we were -- just a -- average live stream viewers is up 34% from June to July. And that's a significant bump according to stream chart. So we're seeing a lot of things happen right now, right -- 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 and got off to a little bit of an earlier start than I thought it would have gone -- started off on but that's all good for us. That's what's driving my excitement. That's for sure.

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. And it felt like in another corridor, that's what Elon Musk was doing with X. And now recently, 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 like quad because you can't deny the wins that you're now stacking up and Elon and it's getting bigger together?

Yes. No, I would love that. I would really love to see other CEOs jump in on that and join us. I talked to Elon regularly. And the one thing that we talk about -- a lot about is these type 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 b**** to join yet. So -- but I think once we set the trend and go forward, I think that will change. I think more will join in.

Well, to any of the tech leaders paying attention right now. Here's your open invitation. But with that being said, let's turn it over a little bit to the audience. One of the top ones, I see this being asked quite a bit 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 has 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 you see the growth. 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 the Fortune 500 brands, absolutely, it's been difficult. But if you're looking for companies that care about ROI and getting value for their -- 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 would see much larger growth quarter-over-quarter. And I think this is what's holding us back in terms of like real accelerated growth. But nevertheless, I do believe that our audience is so good that the performance paid as advertisers, even they are ramping up with us, which is great.

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

We look at various different companies all the time. I can't get into 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 in one, it was the Callin which turned into Rumble Studio; and two is Locals, which you will eventually hear be integrated very heavily with Rumble by the end of the year. So acquisitions is something I'm always looking at, obviously, I can't talk about things we look at, but 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?

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 there's 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's so many players working on that, that are doing good things that aren't Google that I think -- Elon is working on Grok, I'm not sure if I'm saying that right, but like 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. 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 2 years, but to build a good search engine, in very quick order is a very expensive thing to do and it's almost impossible to do it quickly. So -- 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. So -- and I think there's 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, I'll look at it. 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 Grok -- it would be -- it's difficult for me to put focus into that specific thing.

Yes. Fair enough. Obviously, whatever path do you choose to take or to 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 just global governments. What happens if this escalates and go further? Earlier in our conversation, we talked about the U.K., like I don't know maybe I'm being a little bit pessimistic. It feels like that flight 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 -- we're in Longboat Key in Florida right now. So like in America, no, I think this is gone the opposite way in America. I think in America, the tides turned towards free speech. And 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 United States with respect to the first amendment. I think that's something that's sacred over here and people really value that, including the judicial system. So I have no fear what's ever in the United States. But outside of the United States, anything can go. So I would stay away.

I think it's fair to argue that you're 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 a creator 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 creators making more money? Are they making more money on streams now?

Yes. So one of the things we're doing is we're putting a lot of focus into the recommendation in artificial intelligence engines. It's something that we've released recently, and we're going to be iterating as we -- 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 realized with Rumble is that we have a lot of good content. We have a lot of good creators that create all kinds of different content in all different types of verticals. And -- but we haven't been good at surfacing that. It has been quite bad actually in surfacing that. And we've stayed away from it because like I'm not the biggest proponent of AI for a lot of various 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 4 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 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's performing well. So I think for a creators' perspective and for a Rumble perspective, 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 that's like my fear about it is that there's been so many biases in these other companies, it's like bias eventually get into it. And the way 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 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.

It 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, 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 it's going to take once again multiple quarters versus the cash burn?

Yes. I think as at Rumble, we've actually we've built everything that we need right now. We have RAC, we have the platform. We have cloud. We have big cloud 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. 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 in discretionary. They're in content creator contracts that we have done. They are in sports leagues that we have done. And all those kind of -- a lot of that starts to taper off here early in 2021. So 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, more of a curiosity or speaking of the 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 assuming the servers at Rumble are going to 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 prepared for that? Are you guys already ready to scale up huge? Are you like rushing at 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 us by surprise. They accepted a debate early. We didn't think that was going to happen in June. 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 a great night in that sense. But 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 like 30 days. So we're ready. We can't wait. I think we can push the limits. I want to push the limits. 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 nights. 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 the place to go do that. You turn on your TV, 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 in all different apps. And -- yes, I think tonight, it'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 or you just going to be listening to enjoy the experience as a whole?

I'm a spectator. I'm in for the entertainment. So I can't wait to watch it just because it's fun to watch. Having Elon interview Trump sounds very interesting to me. So 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 up to directly ask the Founder, CEO and Chairman of Rumble, Mr. Chris Pavlovski. 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 comment away.

Throw the chat on, it's -- you got to kick the [ 99-plus ]. It's -- yes -- can you see it? Yes. So one of the questions are, hey, Chris, what's the outlook on advertising now that GARM has gone? I think we kind of answered that already. So we'll kind of skip that.

TLDR. Looking pretty good. Things are looking bit positive.

I think we answered a lot of these questions. I'm looking to see -- cameras kind of blocking my view.

Can you estimate the damage Google's monopoly has caused?

I'll leave that to the experts -- we have a lot of experts looking at that. So I'll leave that to them. But if you look at our complaint, it's north of both the advertising and the mobile app/search preferencing are in the billions, both of them. So...

Billions with the b -- billions with the b.

Yes, I think first, the advertising is like over $1 billion and I think in the same for the search preferencing and mobile apps. But that's to the experts to decide there's a lot that goes into that. I've seen damages that are I would say, much more than $1 billion, like, significantly more than $1 billion for the search preferencing and mobile apps.

On that note, is that something that will 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 is a trial date set. I have to double check. Don't quote me on that, but I believe that's 2025 for the first one that we filed.

Do you offer streaming movies?

Best Pizza? Someone is asking what my pizza is, what's your favorite? All right. This might not be a popular decision, but I'm to give it because everyone makes fun of me for it. I love Domino's.

Love Domino's.

I love Domino's, extra sauce well done with hot peppers, pepperoni and mushrooms. That's -- that's the one for me.

If Domino's isn't calling Rumble tonight to do advertising. What are they doing? They are your favorite pizza, Domino's 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. What else have we got?

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

Yes. So short form, we're in conversations with that internally and 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 I would expect -- I don't want to give a timeline on that quite yet. There's some more conversations that need to be have about it, but it's something that we're keen on getting out.

Okay. Awesome. All right. 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.

I mean the weather is just so incredibly nice, it's hard to leave here.

Sarasota is a win. I think we're going to expand a little more in Miami, though. We have our offices there, but I think we're going to get a bigger footprint in Miami. So...

Great weather, obviously, still in Florida and a lot of content creators are in that area, a lot of people, which is a popular city for a good reason.

Yes, that's -- Miami is like the new L.A. That's the kind of way I like to look at it. Everyone thought L.A. was the greatest place a couple of decades ago. I think that's kind of transferred over to Miami since the whole COVID stuff. Miami seems to be the hottest place.

Interesting.

At least that's how I see it. I 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? Is that a different business...

In particular it's a cloud. So not on the Rumble video side. Someone asks playlists. We have playlists. You can access them on Rumble already.

Phenomenal.

Rumble partnership round 3. Maybe -- it's -- I haven't had a discussion around it, and I'm not sure what the team is thinking about it. But maybe I think there we got a lot of people upset. Some people didn't like the way we treat it, like its like a lot of -- some people loved it, some people hated it. And it creates like the appearance that we're favoring some people, and we don't want that. So it's like -- it's a tough decision. We stayed away from round 3 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.

That's fair. Can you get Christian music on the platform, you could buy them up for very little money, Christian music?

So we're -- music is important. I think that's something that we're going to look into a little bit more going forward. And 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 in users is having music. So it's something that I'm very interested in.

In a similar vein, I see some people asking about comedians, are you thinking about that in a similar way?

Well, Jimmy Dore will be doing something with us shortly. So we'll be -- 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 Russell Brand.

I think he announced this already himself. I don't think we've formally said it, but there will be something happening with Jimmy Dore and him doing live comedy events, and Rumble will be streaming those live comedy events exclusively.

Very cool. I think this one right here is perfect to put a bow on it. What big names are streaming the talk tonight?

I don't know. I haven't looked at that, but I'm about to. I'm going to be looking into that here in the next 15 minutes, but I do know that TheQuartering is going to be doing -- is going to be commentating on it tonight. He messaged me about that. And I'm not sure who else, but I'm sure there is a lot others.

I think The Tate others.

All right. They Tate's, that's great. I didn't know that, but that's good. So I think there will be a lot, the Tate one will probably be very big, I'd imagine.

I would definitely. Folks, that is what we have for you. Chris, from me personally. I appreciate you talking -- taking the time to really talk with the people who make Rumble, Rumble. And folks for everyone tuning in. Thank you 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 in the next one. Once again, thank you so much.

All right. Thanks a lot. Thanks for having me, Matt.

Appreciate it.