Rumble Inc. (NASDAQ: RUM) reported fiscal fourth‑quarter 2025 results on March 5 2026, posting revenue of $27.1 million—a 10.5% year‑over‑year decline that fell short of the $29 million consensus estimate. The company recorded a GAAP loss per share of $0.13, missing the $0.10 expected loss, and an adjusted EBITDA loss of $16.0 million, an increase from the $13.4 million loss in Q4 2024.
The revenue drop was driven by weaker advertising, tipping, and platform‑hosting fees, while subscription and licensing revenue grew modestly. Compared with the full‑year 2024 revenue of $95.5 million and the Q4 2024 net loss of $236.8 million, the quarter’s results illustrate a deceleration in top‑line growth despite a 11% sequential rise in monthly active users to 52 million and a 2% sequential increase in average revenue per user to $0.46.
The widening adjusted EBITDA loss reflects Rumble’s continued investment in platform stability, creator monetization, and sales infrastructure. Management noted that these capital expenditures are intended to support the company’s long‑term growth strategy, even as they temporarily pressure profitability. The Q4 2024 adjusted EBITDA loss of $13.4 million provides a baseline for assessing the impact of these investments.
Strategically, Rumble is expanding beyond video advertising. The pending acquisition of AI‑infrastructure firm Northern Data is expected to add over 22,000 NVIDIA GPUs and position the company in the cloud and GPU market. A $100 million advertising commitment from Tether—structured as $50 million per year over two years—underscores the partnership’s role in diversifying revenue streams. Additional collaborations include a partnership with Perplexity and the launch of Rumble Shorts and Rumble Wallet, which together aim to increase creator engagement and monetization.
"We ended the quarter with total liquidity of $256.4 million, including $237.9 million in cash and cash equivalents and $18.5 million in Bitcoin holdings," said CEO Chris Pavlovski. "We are competing, winning on multiple fronts, and we are just getting started." Pavlovski also highlighted that "Rumble has reached an inflection point. The investments we made throughout 2025, in platform stability, creator monetization, short‑form video, and our sales infrastructure, are beginning to bear fruit." He added that the Tether commitment and the Northern Data acquisition "will open an entirely new frontier in Cloud and GPU infrastructure. Freedom‑first is the new way forward for tech. Unlike Big Tech, it represents a future where technology empowers rather than controls."
Rumble’s stock experienced a decline following the earnings release, falling approximately 1.26% in pre‑market trading and trading down about 3.9% in after‑hours trading. The market reaction was largely driven by the wider‑than‑expected loss per share and the year‑over‑year revenue decline, which tempered enthusiasm for the company’s growth narrative.
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