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Rumble
Rumble (RUM) investor relations material
Rumble Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2025 earnings summary12 Nov, 2025
Executive summary
Q3 2025 revenue was $24.8 million, nearly flat year-over-year, with net loss improving to $16.3 million from $31.5 million, driven by lower costs and gains on financial instruments.
Nine-month revenue rose 13% to $73.6 million, with net loss narrowing to $49.1 million from $101.6 million in the prior year period.
Major strategic investment: $775 million from Tether, with $525 million used for a share repurchase and $250 million for growth initiatives.
Announced business combination agreement with Northern Data and a $100 million advertising commitment from Tether.
Strategic partnerships announced with Cumulus Media and Perplexity to expand distribution, monetization, and AI-driven discoverability.
Financial highlights
Q3 2025 revenue: $24.8 million (down 1% year-over-year); net loss: $16.3 million (improved from $31.5 million loss in Q3 2024).
Nine-month revenue: $73.6 million (up 13% year-over-year); net loss: $49.1 million (improved from $101.6 million loss in 2024).
Adjusted EBITDA for Q3 2025: $(15.1) million; for nine months: $(58.3) million.
Cash and cash equivalents at September 30, 2025: $269.8 million; digital assets (bitcoin): $24.0 million.
Q3 ARPU: $0.45, up 7% sequentially; average MAUs: 47 million, down 8% sequentially.
Outlook and guidance
Management expects continued investment in growth, with increased expenses in content, technology, and compliance.
The business combination with Northern Data and GPU/advertising commitments from Tether are expected to support future growth.
Management expects continued focus on monetization and user engagement, with ongoing investments in partnerships and technology.
Forward-looking statements highlight risks related to user growth, advertiser retention, regulatory compliance, and technology transitions.
Impact of subscription growth on ARPU
Drivers of content cost reduction in Q3
Monetization strategy for new partnerships
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Next Rumble earnings date
Q4 202525 Mar, 2026
Rumble
Next Rumble earnings date
Q4 202525 Mar, 2026
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Frequently asked questions
Rumble Inc. operates as a technology company focused on video sharing platforms, serving users in the United States, Canada, and internationally. The company's main platform, rumble.com, offers a space where users can subscribe to channels, stay in touch with creators, and access video on-demand (VOD) and live content. Additionally, Rumble operates locals.com, a subscription platform that facilitates engagement through VOD, podcasts, live chat, polls, and community discussions among creators and subscribers. It also runs the Rumble Advertising Center (RAC), an online advertising management exchange. The company is headquartered in Longboat Key, Florida, and its shares are listed on the Nasdaq.
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