Rumble Q4 revenue $27.1M, MAUs 52M; surpasses $100M annual revenue; on track to acquire Northern Data in Q2 2026

Rumble Inc.

Q4 revenue $27.1M, down 10% YoY but up 9% sequentially; net loss $32.7M vs $236.8M in Q4 2024 (includes $184.7M derivative loss from Tether).
Full-year 2025 revenue surpassed $100M for first time; MAUs reached 52M in Q4, up 11% sequentially.
Signed business combination agreement to acquire Northern Data AG (AI infra) with ~22,400 NVIDIA GPUs; expected close Q2 2026.
Tether committed $100M in advertising over two years starting Q1 2026; also up to $150M GPU services purchase commitment after Northern Data close.
Launched Rumble Shorts (topped 1M daily unique views), Rumble Wallet, and named Greg Sherrill President of Sales and Maurice Edelson General Counsel.

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