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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Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Rumble Inc. reported fourth quarter of 2025 results: revenue $27.1 million, net income $32.7 million.

Period: fourth quarter of 2025
Revenue: $27.1 million
Net income: $32.7 million
Result: reported results

Exact text from the filing

● Revenue for the fourth quarter was $27.1 million, a sequential increase of 9% from $24.8 million in the third quarter of 2025. ● Average global Monthly Active Users (“MAUs”) of 52 million in the fourth quarter of 2025, a sequential increase of 11% from the third quarter of 2025. The increase is primarily related to an initial investment in international expansion. ● Average Revenue Per User (“ARPU”) for the fourth quarter of 2025 was $0.46, representing a 2% increase from the third quarter of 2025. ● Net Loss for the fourth quarter was $32.7 million compared to a loss of $236.8 million in the fourth quarter of 2024, principally attributable to a $184.7 million loss in the change in fair value of derivative expense related to Tether’s strategic investment in Rumble in the fourth quarter of 2024.

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Source: SEC EDGAR

accession 0001213900-26-024095

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