Rumble earnings date
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Rumble (RUM) Q3 2026 Earnings Report
RUM Q3 2026 EPS Results
- Actual EPS
- -$0.19
- Consensus EPS
- -$0.11
- Beat/Miss
- Missed by -$0.08
- One Year Ago EPS
- -$0.06
RUM Q3 2026 Revenue Results
- Actual Revenue
- $96.58M
- Expected Revenue
- $89.00M
- Beat/Miss
- Beat by +$7.58M
- YoY Revenue Growth
- +290.02%
Earnings Announcement Details
- Quarter
- Q3 2026
- Date
- 11/11/2026
- Time
- Before Open
- Conference Call
- Wednesday, November 11, 2026
Rumble's next earnings date is estimated for March 31, 2027, based on past reporting schedules.
Q3 2026 Earnings Call Audio
Q3 2026 Earnings Slide Deck
No slide deck is available for this earnings event.
Q3 2026 Earnings Call Summary
The call was strongly positive overall. Management highlighted record revenue, a major shift toward AI infrastructure, first-time positive adjusted EBITDA, high GPU utilization, favorable renewal pricing, strong liquidity, and growth initiatives in the video business. The main negatives were the large GAAP net loss, higher reported expenses, the Rumble Video adjusted EBITDA loss, difficult project financing conditions, lower fourth-quarter revenue guidance relative to the reported third quarter, and the expectation that a portion of the 250-megawatt opportunity may move beyond 2027.
For the fourth quarter of 2026, RUM Group expects revenue between $88 million and $94 million, compared with $96.6 million against a range of $87 million to $93 million in Q3; excluding items that are not expected to repeat, Q3 revenue would have been roughly at the top end of the range. Existing fixed H100 contracts remain in place through Q4, with some small impacts on revenue as certain clusters transition for renewal at hopefully significantly higher rates starting in the first half of 2027; the vast majority of H100s will have their contracts roll off by the end of Q1 '27. Management expects a portion of the 250 megawatts to move beyond 2027 while still targeting a portion to land in 2027, expects video cost-reset savings through 2027, and estimates excess on a run-rate basis of 20% plus run rate on OpEx; video was gross margin positive this quarter and is expected to be moving forward. The company’s target for its data-licensing marketplace is late 2027, with more meaningful updates hopefully in the first half of 2027.
- Record Revenue and Guidance BeatThird-quarter revenue reached a record $96.6 million, up $71.8 million or 290% from $24.8 million in the third quarter of 2025, and exceeded the company’s guidance range of $87 million to $93 million.
- Quake AI Became the Core Revenue DriverQuake AI contributed $68.2 million of revenue, representing more than 70% of total company revenue in its first full quarter as part of RUM Group. Management said AI infrastructure is now the core of the business and the engine of growth.
- First Positive Adjusted EBITDA QuarterAdjusted EBITDA was positive at $4.4 million, compared with a loss of $15.1 million in the third quarter of 2025 and a loss of $16.6 million in the second quarter of 2026. This was the company’s first positive adjusted EBITDA quarter as a publicly traded company.
- Strong GPU Estate UtilizationThe company is operating approximately 22,000 GPUs, described as one of the largest GPU estates in Europe, with utilization of 85% as of the third quarter. Management said supply is low, demand is high, and the estate is generating meaningful cash flow.
- Favorable GPU Pricing and Renewal OpportunityManagement said increased pricing has been observed across the GPU market and expects prepayments and higher pricing as the majority of contracts come up for renewal by early 2027. The prevailing H100 market rates were described as having a firm '2-handle,' with the vast majority of H100 contracts rolling off by the end of the first quarter of 2027.
- Quake AI ProfitabilityQuake AI generated $68.2 million of revenue and $23.5 million of adjusted EBITDA, representing an adjusted EBITDA margin of roughly 34%. Revenue was primarily from GPU cloud computing services, with a smaller contribution from hosting and colocation.
- Balance Sheet and Liquidity PositionThe company ended the quarter with total liquidity of $142.3 million, consisting of $134.4 million of cash and cash equivalents and 94.68 Bitcoin valued at $7.9 million. Management said the only debt currently held is a favorable note from Tether and characterized the balance sheet as one of the least levered among larger public NeoClouds.
- Rumble Revenue Growth and Advertising StrengthRumble generated $28.4 million of revenue, up 15% year-over-year, driven by $5.6 million of higher advertising revenue.
- Video Business Gross Margin ImprovementManagement said the Rumble Video business was gross margin positive in the third quarter and expects it to remain gross margin positive going forward. The company is targeting a more profitable trajectory through a refocused strategy, creator economics, and operating expense reductions.
- Video Cost Reset and Automation StrategyRUM Group began a cost reset in the video business during the third quarter, including a reduction in force and other recurring expenditure reductions. Management described the reduction as significant and said it expects excess of 20% run-rate OpEx savings, while continuing to pursue growth through product-led automation and Rumble Studio.
- Expanded Creator EconomicsThe new Rumble Partner Program gives eligible creators up to a 90% revenue share on video advertisements, including host-read sponsorships. Management said the revised economics are intended to stimulate platform growth and increase content supply.
- Strong Platform Engagement and WWE PartnershipDuring the U.S. midterm elections, Rumble hosted three of the top five largest U.S. independent streams, according to Streams Charts, at approximately 9:00 p.m. on election night. The company also launched a long-term distribution and content partnership with WWE, making Rumble the new home of the weekly premium program WWE Main Event.
- Potential AI Data MarketplaceManagement is designing a marketplace intended to allow AI and robotics companies to license creator-generated spatiotemporal and video data for model training. The company is targeting a rollout in late 2027, with potentially more meaningful updates in the first half of 2027.
- Customer Prepayments and Disciplined Project FinancingManagement expects customer prepayments to represent a large portion of the project equity needed for future projects and said customers may be more willing to fund substantial project equity needs through prepayments. The company said it is taking a disciplined capital approach and evaluating the mix of prepayments and debt financing on a project-by-project basis.
- Maysville Alternative Project PathRUM Group is in active discussions with its customer regarding an alternative path to deliver AI compute at the Maysville site. Although the path is in the early stages, management said it could represent a more financeable project while still delivering attractive economics.
- Mature 250-Megawatt Opportunity SetManagement said the company’s 250 megawatts of potential capacity is at a more mature stage than many competing projects, with key power and, in many cases, permits already in place. The company is prioritizing delivery and monetization of this 250-megawatt opportunity.
- Higher Revenue Potential from Next-Generation GPUsManagement said it is seeing significantly higher revenue per megawatt on Vera Rubin and other next-generation NVIDIA GPUs compared with the increased rates on existing H100s.
- Strategic M&A Remains ActiveManagement said strategic M&A remains an ongoing area of evaluation and that the company would consider opportunities as they arise, including potential opportunities created by how the market is valuing certain companies.
RUM Earnings History
| Report Date | Fiscal Quarter | Forecast / EPS | Last Year's EPS | EPS YoY Change | Press Release |
|---|---|---|---|---|---|
| Mar 31, 2027 | 2026 (Q4) | -0.11- | -0.13 | ― | ― |
| Nov 11, 2026 | 2026 (Q3) | -0.11-0.19 | -0.06 | -216.67% (-0.13) | |
| Aug 10, 2026 | 2026 (Q2) | -0.09-0.28 | -0.12 | -133.33% (-0.16) | |
| May 14, 2026 | 2026 (Q1) | -0.09-0.12 | -0.01 | -1100.00% (-0.11) | |
| Mar 05, 2026 | 2025 (Q4) | -0.10-0.13 | -1.15 | 88.70% (+1.02) | |
| Nov 10, 2025 | 2025 (Q3) | -0.06-0.06 | -0.15 | 60.00% (+0.09) | |
| Aug 10, 2025 | 2025 (Q2) | -0.07-0.12 | -0.13 | 7.69% (+0.01) | |
| May 08, 2025 | 2025 (Q1) | -0.10-0.01 | -0.21 | 95.24% (+0.20) | |
| Mar 25, 2025 | 2024 (Q4) | -0.12-1.15 | -0.14 | -721.43% (-1.01) | |
| Nov 12, 2024 | 2024 (Q3) | -0.13-0.15 | -0.14 | -7.14% (-0.01) |
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
