Rumble (NASDAQ:RUM) Releases Quarterly Earnings Results, Misses Expectations By $0.03 EPS

Rumble (NASDAQ:RUM) issued its quarterly earnings data on Thursday. The company reported ($0.12) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.03), FiscalAI reports. Rumble had a negative return on equity of 39.76% and a negative net margin of 81.32%.The firm had revenue of $25.46 million for the quarter, compared to the consensus estimate of $25.98 million. During the same quarter in the prior year, the firm earned ($0.01) EPS. The company’s revenue was up 7.6% on a year-over-year basis.

Here are the key takeaways from Rumble’s conference call:

• Rumble said the Northern Data acquisition remains on track to close in June/this quarter, with about 81% of shares secured and all required regulatory approvals received. Management expects the deal to transform Rumble into a much larger cloud and AI infrastructure business.
• Management highlighted strong early momentum in cloud, including multiple GPU-as-a-service customer negotiations, non-dilutive GPU financing offers, and a new institutional win with Anchorage Digital. They also said cloud could become the company’s largest revenue driver over time.
• First-quarter revenue rose to $25.5 million, up 7% year over year, and adjusted EBITDA loss improved modestly to $21 million. However, net loss widened sharply to $30.3 million due largely to non-cash fair value changes and acquisition-related costs.
• User growth continued to accelerate, with MAUs reaching 56 million and Rumble Shorts setting new viewership records. Management said Shorts is driving MAU growth and expects to begin monetizing it in the second half of 2026, which should help ARPU.
• The company said Tether’s $100 million advertising commitment has already started to ramp gradually and should scale more meaningfully in the second half of the year. Rumble also expects election-related spending and new ad products, including internal boosting tools, to support monetization later in 2026.

Rumble Stock Down 1.8%

RUM traded down $0.15 during midday trading on Thursday, hitting $8.17. 4,785,721 shares of the company were exchanged, compared to its average volume of 3,847,427. The firm’s 50 day moving average price is $5.97 and its 200-day moving average price is $6.18. Rumble has a 1-year low of $4.62 and a 1-year high of $10.99. The firm has a market capitalization of $3.56 billion, a P/E ratio of -25.53 and a beta of 1.02.

Hedge Funds Weigh In On Rumble

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Royal Bank of Canada increased its position in Rumble by 136.7% during the 1st quarter. Royal Bank of Canada now owns 210,665 shares of the company’s stock valued at $1,490,000 after purchasing an additional 121,650 shares during the period. AQR Capital Management LLC bought a new stake in shares of Rumble in the 1st quarter valued at $163,000. JPMorgan Chase & Co. boosted its stake in shares of Rumble by 24,888.7% in the 2nd quarter. JPMorgan Chase & Co. now owns 37,483 shares of the company’s stock valued at $337,000 after purchasing an additional 37,333 shares during the last quarter. Legal & General Group Plc increased its position in shares of Rumble by 82.4% during the second quarter. Legal & General Group Plc now owns 91,844 shares of the company’s stock worth $825,000 after buying an additional 41,490 shares during the period. Finally, Rhumbline Advisers bought a new position in Rumble during the second quarter worth $1,041,000. 26.15% of the stock is owned by institutional investors and hedge funds.

More Rumble News

Here are the key news stories impacting Rumble this week:

• Positive Sentiment: Rumble said first-quarter revenue reached a record $25.5 million, up 7% from a year ago, and management highlighted strong sequential MAU growth driven by Rumble Shorts and international expansion. Rumble Reports First Quarter 2026 Results
• Positive Sentiment: The company said its acquisition of Northern Data remains on track, with all major regulatory milestones achieved and the exchange offer drawing enough tendered shares to bring total secured ownership to about 81.3% of Northern Data. Rumble Announces Initial Results of Exchange Offer for Northern Data
• Positive Sentiment: Recent market commentary said the stock had been rallying on the Northern Data tender offer and Rumble’s broader AI pivot, which could support longer-term growth expectations. Rumble stock extends rally: Northern Data tender offer nears final stage, pushing major AI pivot
• Neutral Sentiment: Rumble continues to position itself as a “free speech” platform, but the latest CEO/media commentary does not appear to be a direct stock-moving catalyst. Rumble CEO tells Tucker Carlson his company is ‘winning’ the free speech game amid social media censorship
• Negative Sentiment: Rumble reported EPS of $(0.12), wider than the $(0.09) loss expected by analysts, underscoring that the company remains unprofitable. Rumble Inc. (RUM) Reports Q1 Loss, Beats Revenue Estimates
• Negative Sentiment: Revenue of $25.46 million missed consensus estimates of $25.98 million, and another report noted the stock dropped after the company missed Q1 revenue expectations. Rumble (NASDAQ:RUM) misses Q1 CY2026 revenue estimates, stock drops
• Negative Sentiment: Profitability remains weak, with a negative net margin and negative return on equity, which can keep pressure on the shares despite growth in revenue. Rumble stock information

Wall Street Analyst Weigh In

Separately, Weiss Ratings upgraded Rumble from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Monday, April 27th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock currently has a consensus rating of “Sell”.

About Rumble

Rumble Inc operates a video-sharing platform designed to offer creators and audiences an alternative to traditional social media and streaming services. The company’s primary business activities include hosting, distributing and monetizing user–generated and professional video content. Through its platform, Rumble enables content creators to retain a higher share of advertising revenue and maintain greater control over their intellectual property, while offering viewers open access to a wide range of videos spanning news, sports, entertainment and educational programming.

In addition to its core video platform, Rumble provides cloud–based video hosting and delivery services via Rumble Cloud, a content–delivery network (CDN) designed to support high–volume streaming and storage.