Overview
- Rumble reported first-quarter revenue of about $25.5 million with a GAAP loss of 12 cents per share, and the stock fell roughly 8% after the miss.
- The company said it has secured about 81% of Northern Data’s shares and expects the share-for-share exchange to close in mid-June following regulatory approvals.
- Northern Data posted EUR 43 million in first-quarter revenue and operated roughly 22,000 Nvidia H100 and H200 GPUs, with fleet utilization near 85% in March.
- Rumble said the combined businesses would have generated about $75 million in pro forma first-quarter revenue, and it projects cloud services to become its largest line.
- Monthly active users rose to 56 million as Rumble Shorts set a new daily record, and management plans to start monetizing Shorts in the second half of 2026 with support from a $100 million Tether ad commitment.