Rumble Stock Earnings Reports

Rumble reported Q1 2026 revenue of $25.5M, up ~7% year-over-year, driven primarily by audience monetization. Adjusted EBITDA loss improved slightly to a $21M loss, while GAAP net loss widened to $30.3M due to non-cash items and acquisition-related costs tied to the pending Northern Data transaction. Cost of services and G&A both declined year-over-year, while R&D and sales & marketing stepped up as the company invests in cloud, AI, and go-to-market initiatives. Key strategic developments: Rumble is on track to close its acquisition of Northern Data (having secured ~81% of shares and obtained required regulatory approvals), which will add a large GPU estate and international data centers and is expected to transform Rumble into a Cloud + Video company with Cloud likely becoming the largest revenue driver. Rumble Cloud traction includes GPU-as-a-Service negotiations, non-dilutive GPU financing offers, one-click OpenClaw deployment for AI agents, and a partnership with Anchorage Digital for crypto infrastructure. Video metrics showed MAUs of 56M and strong growth in Rumble Shorts (record ~2M unique daily views in May), with Shorts monetization planned in H2 2026. The Rumble Wallet launched with Tether, backed by a $100M Tether advertising commitment that has begun ramping slowly this quarter and is expected to scale materially in H2 2026. Liquidity remained strong at $233.4M (cash + BTC), but operating cash use was $16.6M in the quarter. Management emphasizes that internal transaction forecasts are not formal guidance and that they may provide combined-company guidance after closing Northern Data.