Rumble Q2 Revenue Surges 61% to Record $40.4M, Beats Estimates; Guides Q3 Above Consensus
RUM sits 33% above its 52-week low of $4.62.
Summary
Rumble posted Q2 revenue of $40.4M, up 61% year-over-year and well above the $31.2M consensus, with a loss per share of 28 cents. The beat was driven by the Northern Data acquisition, which added $10.1M in cloud and colocation revenue, and a $5.9M increase in advertising. GPU utilization ran at 85% for the quarter. Management initiated Q3 revenue guidance of $87M-$93M, far ahead of expectations, and highlighted a path to $3B+ in annual recurring revenue from 250 MW of unmonetized capacity by 2027. This follows the June closing of the Northern Data deal and the $270M GPU cloud agreement announced in early June — the integration is already delivering. The guidance suggests the AI infrastructure pivot is scaling faster than the market anticipated.
At the time of this announcement, RUM was trading at $6.13 on NASDAQ in the Technology sector, with a market capitalization of approximately $2.7B. The 52-week trading range was $4.62 to $10.54. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Reuters.