Rumble Earnings Call Transcripts
Fiscal Year 2026
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The platform has rapidly evolved into a major player in video, AI cloud, and advertising, fueled by strategic investments and acquisitions. Key growth drivers include the Tether partnership, Northern Data acquisition, and a renewed focus on brand advertisers and AI-powered services.
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Rumble Shorts and concurrent streaming have seen record growth, with daily Shorts views surpassing 1 million and streamer peaks exceeding previous highs. Strategic initiatives like the Tether ad commitment, Northern Data acquisition, and new product launches are expected to drive further expansion and transform the company's revenue profile.
Fiscal Year 2025
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Revenue surpassed $100 million in 2025, driven by platform innovation, international user growth, and new brand partnerships. Cloud expansion and a major Tether ad deal set the stage for accelerated growth in 2026, with monetization of Rumble Shorts and Northern Data acquisition as key catalysts.
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The acquisition of Northern Data and strategic agreements with Tether position the company as a global AI infrastructure leader, backed by $250 million in GPU and advertising commitments. The deal enables aggressive growth, international expansion, and a freedom-first tech ecosystem.
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Revenue grew 12% year-over-year to $25.1 million, with ARPU up 24% sequentially and user engagement steady at 51 million MEUs. Strategic partnerships and the upcoming Rumble Wallet launch are set to drive aggressive growth, supported by strong liquidity and a focus on AI and cloud expansion.
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Q1 2025 saw 34% revenue growth, improved user retention, and a strengthened balance sheet from the Tether deal. Major brand campaigns launched, Rumble Wallet is set for Q3, and cash reserves rose to $301.3M. Adjusted EBITDA loss improved 14% year-over-year.
Fiscal Year 2024
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Q4 2024 saw record revenue and strong user growth, bolstered by election coverage and a $775M Tether investment. Adjusted EBITDA turned positive, and international expansion is underway with new crypto and cloud initiatives.
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Q3 2024 saw record revenue growth, improved cash usage, and a surge in premium subscribers, driven by election-related engagement and new monetization strategies. Brand advertiser interest is rising post-GARM, and the company expects continued sequential revenue growth into Q4.
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Rumble detailed its evolution from a small creator-focused platform to a diversified video and cloud services business, emphasizing free speech and organic growth. Recent investments have expanded its product suite and infrastructure, with a strong focus on monetizing its large North American user base and scaling cloud services.
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The platform has evolved from political to diversified content, investing in AI and exclusive deals to broaden its audience. Monetization is shifting from costly minimum guarantees to scalable ad and product revenue, with cloud services and legal wins against Google offering further upside.
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Q2 2024 saw 27% sequential revenue growth to $22.5M, with ARPU up 19% to $0.37 and 53M MAUs. Despite advertising headwinds, direct response and creator sponsorships drove gains, while cloud business expanded with new mainstream clients like the Miami Dolphins.