RUM
The good news, then the bill
Rumble came in with a decent-looking top line: first-quarter revenue hit $25.5 million, up 7% from a year ago, and monthly active users climbed 8% sequentially to 56 million. That’s the kind of progress bulls love to pin to the fridge.
But the loss line said “surprise!”
Then the bottom line kicked the door in. Net loss widened to $30.3 million from $2.7 million last year, with the company pointing to non-cash warrant liability changes, acquisition-related costs, and higher digital asset charges. Adjusted EBITDA loss did improve a bit to $21.0 million, so it wasn’t all doom and gloom — just mostly doom with a side of growth.
Northern Data, meet the clock
Rumble also said its Northern Data acquisition is still on track after securing about 81% of outstanding shares and getting regulatory approvals. The deal is expected to close in mid-June 2026, which means investors now have a very real deadline to watch instead of just vibes and PowerPoints.
Meanwhile, Rumble is also trying to turn itself into a cloud-and-creator-platform story, with Anchorage Digital picking Rumble Cloud as an infrastructure partner and a self-serve creator-boosting feature planned for this summer. Big picture: the company is clearly trying to do a lot at once. The market is asking the obvious question — can it scale fast enough before the losses keep eating the lunch money?