Core Insights - Rumble has announced a partnership with the Cleveland Browns to provide cloud storage services through Rumble Cloud, enhancing the team's infrastructure capabilities [1][2] - This partnership positions Rumble Cloud as a high-performance and cost-effective cloud provider, further solidifying its reputation in the market [2] - The Cleveland Browns are the third NFL team to partner with Rumble Cloud, following the Miami Dolphins and the Tampa Bay Buccaneers [2] Company Overview - Rumble is a high-growth video-sharing platform and cloud services provider, founded in 2013 by Chris Pavlovski, aiming to create an independent infrastructure resistant to censorship by major tech companies [3] - The company's mission is to restore the internet to its original principles of being free and open [3]

Core Viewpoint - Rumble Inc. will participate in the 14th Annual ROTH Technology Conference on November 19, 2025, in New York, providing an opportunity for management to engage with investors [1][2]. Company Overview - Rumble is described as a Freedom-First technology platform focused on protecting a free and open internet, encompassing cloud, AI, and digital media services, including its video platform [2]. - The company's mission emphasizes customer independence and free speech [2]. Investor Engagement - Rumble's management team will be available for one-on-one meetings with investors during the conference, highlighting the company's commitment to investor relations [2]. - Interested investors can schedule meetings through their ROTH conference representative or by contacting Rumble's investor relations directly [2]. Contact Information - For investor inquiries, Rumble has provided contact details for Shannon Devine at MZ Group, including a phone number and email address [3].

Group 1 - Rumble Inc. (RUM) reported its Q3 2025 results and announced the acquisition of an AI firm, resulting in an 11.88% increase in stock price [1] - The acquisition indicates Rumble's strategic move to enhance its technological capabilities and market position [1] Group 2 - The article emphasizes the importance of seeking new investment opportunities rather than relying on promotions or traditional career advancements [1] - The analyst expresses a personal philosophy of entrepreneurship and innovation in investment strategies [1]

Group 1 - Trump has stated he will adhere to the spending agreement reversing government layoffs and revealed he is close to reaching a trade agreement with India, planning to lower tariffs on India in the future, though no specific timeline was disclosed [1] - Microsoft is collaborating with TikTok influencers to promote Copilot, aiming to position it as the next generation ChatGPT, targeting the young consumer market to narrow the gap with competitors [2] - Rumble has signed an AI infrastructure agreement and expanded its collaboration with Tether, while planning to acquire the German AI company Northern Data for approximately $767 million to accelerate its AI cloud business [3] Group 2 - Monday.com released disappointing financial forecasts, leading to a 12% drop in its stock price; Marriott is scaling back its 2025 expansion plans due to Sonder's default, adjusting its hotel business development pace [4] - Western Oil reported third-quarter revenue of $6.717 billion; U.S. Treasury yields rose collectively, with the 30-year Treasury yield increasing by 0.78 basis points, and the 3-year Treasury auction yield at 3.579% [5] - The U.S. dollar index rose by 0.07%, with mixed performance among non-U.S. currencies; the Federal Reserve's overnight reverse repurchase agreement (RRP) usage on Monday was $7.152 billion, an increase of $2.249 billion from the previous trading day [6] Group 3 - Berkshire Hathaway has increased donations to its children's foundation to support successors, converting 1,800 shares of Class A stock into 2.7 million shares of Class B stock for donations [7] - The effects of the U.S. government shutdown continue, with over 1,600 flights canceled in a single day; Federal Reserve Governor Milan stated that the potential for the government shutdown to end has not significantly changed the economic outlook [8] - Samsung's Galaxy S26 series is set to launch in February next year, with differences in chip configurations; Honda is reportedly adjusting its new car development in China, delaying the launch of its flagship electric vehicle GT [9] Group 4 - Elon Musk's release of an AI-generated video has sparked controversy, with writer Oates criticizing his lack of cultural literacy; Valve plans to unveil a new VR headset and controllers this Wednesday, potentially revealing Half-Life 3 simultaneously [10] - U.S. stock indices collectively rose, with the Dow Jones up 0.85%, Nasdaq rebounding by 2.3%, and the S&P 500 increasing by 1.3%. Notably, Nvidia surged over 5%, and the Nasdaq Golden Dragon China Index rose by 2.83%, with popular Chinese concept stocks generally increasing [11] - COMEX gold futures rose by 2.76%, closing at $4,120.60 per ounce; international oil prices increased by 0.6% on the 10th, as risk appetite rebounded, overshadowing concerns over supply surplus [12]

Financial Investment and Revenue - Rumble announced a strategic investment of $775 million from Tether, closing on February 7, 2025, with Tether purchasing 103,333,333 shares at $7.50 each[108]. - Rumble generates revenue from Audience Monetization, including advertising fees and subscription fees, as well as Other Initiatives like cloud services[110]. - Revenues decreased by $0.3 million to $24.8 million for the three months ended September 30, 2025, compared to $25.1 million in the same period of 2024, with a $4.9 million reduction in advertising revenue[144]. - Revenues increased by $8.3 million to $73.6 million for the nine months ended September 30, 2025, with a $5.8 million increase in Audience Monetization revenues[157]. User Metrics - Monthly Active Users (MAUs) averaged 47 million in Q3 2025, an 8% decrease from Q2 2025, attributed to seasonal content creation trends[136]. - The transition from Universal Analytics to Google Analytics 4 may affect the comparability of MAU metrics, with potential discrepancies noted[130]. Expenses and Costs - Cost of services decreased by $11.2 million to $25.2 million for the three months ended September 30, 2025, primarily due to a reduction in programming and content costs of $11.9 million[145]. - General and administrative expenses increased by $0.8 million to $10.5 million for the three months ended September 30, 2025, driven by a $1.2 million rise in administrative expenses[146]. - Research and development expenses decreased by $0.2 million to $4.5 million for the three months ended September 30, 2025[147]. - Sales and marketing expenses increased by $1.1 million to $5.1 million for the three months ended September 30, 2025, due to higher marketing and public relations activities[148]. - General and administrative expenses increased by $9.3 million to $38.8 million for the nine months ended September 30, 2025, driven by higher payroll and administrative expenses[159]. - Cost of services decreased by $22.2 million to $81.8 million for the nine months ended September 30, 2025, primarily due to a reduction in programming and content costs[158]. Cash and Assets - As of September 30, 2025, cash and cash equivalents balance was $269.8 million[171]. - Digital asset holdings were valued at $24.0 million, consisting of 210.82 bitcoin as of September 30, 2025[172]. - The company has cash and cash equivalents of $269.8 million as of September 30, 2025, primarily invested in money market funds, treasury bills, and term deposits[198]. Strategic Initiatives - The company expects to continue investing significantly in growth initiatives, anticipating increases in expenses across various categories[114]. - The company completed a tender offer to purchase 70 million shares of its Class A common stock for $525 million, using part of the proceeds to support growth initiatives[108]. - Rumble's business combination agreement with Northern Data was signed on November 10, 2025, indicating ongoing strategic expansion efforts[109]. Financial Performance - Adjusted EBITDA for the nine months ended September 30, 2025 was $(58.3) million, compared to $(78.7) million for the same period in 2024[181]. - Interest income increased by $0.9 million to $2.9 million for the three months ended September 30, 2025, attributed to investments in money market funds and treasury bills[152]. - Interest income increased by $1.3 million to $8.0 million in the nine months ended September 30, 2025 compared to the same period in 2024[166]. Risk and Compliance - The company is exposed to credit risk on cash, cash equivalents, and accounts receivable, with a focus on high credit standing financial institutions[197]. - The company intends to adopt new or revised accounting standards under private company adoption timelines as an emerging growth company[195]. - The company is exposed to certain market risks as part of its ongoing business operations[196]. - An immediate 10% change in interest rates would not have a material effect on the fair market value of the company's cash and cash equivalents[198]. Shareholder Information - For the three months ended September 30, 2024, one customer accounted for $3,192,053 or 13% of total revenue, and for the nine months, this customer represented $11,671,470 or 18% of total revenue[197]. - As of September 30, 2025, no single customer represented 10% or more of the company's total accounts receivable[197]. - The agreements related to the sale of shares to Tether were determined to be a single unit of account due to their interdependence[193]. - The overall arrangement to sell shares to Tether is accounted for as a derivative, measured at fair value with changes through net loss[193].

Group 1 - Rumble's stock price surged by 12% in after-hours trading on Monday [1] - The company announced a strategic transformation by signing an AI infrastructure agreement [1] - Rumble is expanding its collaboration with Tether [1]

Core Insights - Rumble Inc's stock surged by 13.7% to $6.69 following the announcement of its acquisition of German AI firm Northern Data for approximately $767 million, despite disappointing Q3 results showing a loss of 8 cents per share on revenue of $24.76 million, both missing estimates [1] Group 1: Stock Performance - The recent stock price increase has allowed Rumble to rebound from nearly 12-month lows, although daily moving averages from 20 to 320 days remain above as potential resistance [2] - Since the beginning of 2025, Rumble's equity has declined by 48.5% [2] Group 2: Options Activity - There has been significant options activity, with 7,033 calls exchanged, which is five times the typical call volume, compared to only 835 puts [2] - The most popular option is the weekly 11/14 7-strike call, with new positions being opened [2] Group 3: Short Selling Dynamics - A portion of the stock's price movement may be due to short covering, as 17.8% of the available float is sold short, requiring over six days for shorts to cover at the average trading pace [3] - The stock's 14-day Relative Strength Index (RSI) is at 20, indicating it is in "oversold" territory, which often precedes a short-term bounce [3]

Core Viewpoint - Rumble is acquiring German AI infrastructure company Northern Data in a deal valued at up to $970 million, which is expected to enhance Rumble's capabilities in the AI sector and data center capacity [2][4]. Group 1: Acquisition Details - The acquisition deal values Northern Data at approximately $767 million, translating to $11.95 per share, with Northern Data shareholders receiving 2.0281 newly issued Class A Rumble shares for each share they own [3][4]. - Northern Data shareholders may also receive cash payments totaling $200 million if the company successfully sells its Texas data center [4]. Group 2: Market Reaction - Following the announcement, Rumble's stock surged by 12% to $6.61, while Northern Data's stock increased by 34% to €15.78 [3]. Group 3: Strategic Implications - The acquisition will allow Rumble to gain access to over 40,000 Nvidia graphics processing units, significantly boosting its data center capacity and positioning the company for future AI developments [5]. - Rumble's CEO emphasized that this acquisition is a foundational step in building an AI ecosystem, with plans to expand into financial services and introduce AI chatbots and agents [5][6]. Group 4: Financial Performance - Rumble reported a third-quarter loss of $0.06 per share, with revenue decreasing by 1.2% year-over-year to $24.8 million, which was below analysts' expectations of a loss of $0.06 per share on revenue of $26.8 million [4][6].

Summary of Rumble Update Call Company and Industry Overview - **Company**: Rumble - **Industry**: Technology, specifically focusing on video platforms, AI infrastructure, and decentralized financial tools Key Points and Arguments 1. **Transformational Milestones**: Rumble announced three significant milestones: - Acquisition of Northern Data, positioning Rumble as a leader in AI infrastructure with over 22,000 GPUs and nine data centers [3][5] - Tether's $150 million GPU purchase agreement, providing immediate revenue scale and validating Rumble's platform [3][6] - Tether's $100 million advertising commitment to enhance creator monetization on Rumble [3][7] 2. **Market Positioning**: Rumble is redefining itself from a video platform to a comprehensive tech ecosystem that competes with major players like Microsoft, Google, and Amazon [4][8] 3. **User Engagement**: Rumble has 47 million monthly active users and an advertising ecosystem capable of handling over a billion ad requests daily [4][5] 4. **Future Plans**: Rumble aims to expand into web tools and a productivity suite, including email and file storage, to further enhance its ecosystem [5] 5. **Strategic Alignment with Tether**: The partnership with Tether is seen as a strategic alignment that will provide Rumble with the necessary infrastructure and financial backing to grow aggressively [6][11] 6. **Advertising and Revenue Growth**: The $100 million advertising commitment from Tether is expected to significantly boost creator growth and platform monetization [7][36] 7. **Seasonal User Trends**: Rumble experienced a seasonal decline in users during the summer months due to creator inactivity, but anticipates a rebound as creators return to the platform [35] 8. **Creator Acquisition Strategy**: With Tether's advertising support, Rumble plans to aggressively pursue new creators, changing the dynamics of creator acquisition and profitability [36][37] Additional Important Content 1. **Decentralization Vision**: Both Rumble and Tether emphasize the importance of decentralization and freedom in technology, aiming to create an open infrastructure that counters the control of big tech [11][12][13] 2. **Global Financial Inclusion**: Tether's CEO highlighted the role of stablecoins in facilitating remittances and financial access for underserved populations, aligning with Rumble's mission to empower creators and communities [24][30] 3. **Long-term Growth Mandate**: Rumble's focus is on aggressive growth while maintaining a commitment to a free and open internet, contrasting with traditional big tech models [8][15] 4. **Non-Custodial Wallet**: The upcoming Rumble Wallet will be a non-custodial wallet, allowing users to engage in various financial transactions beyond just tipping creators [23][24] 5. **Market Dynamics**: The call addressed the need for a counterbalance to the centralization of information and financial systems, advocating for a technology ecosystem that empowers individuals [30][31] This summary encapsulates the key insights and strategic directions discussed during the Rumble Update Call, highlighting the company's ambitions and the transformative partnerships that are set to redefine its market presence.

Strategic Combination - Rumble and Northern Data are combining to build a "Freedom-First Ecosystem" rooted in freedom, privacy, independence, and resilience, aiming to compete with Big Tech[2] - The combination seeks to provide independent access to technology and financial tools, decentralizing these resources to enhance societal resilience[3] - The combined entity aims to create a full-stack cloud platform, from power to GPUaaS[22] Key Assets and Capabilities - Rumble has 47 million Monthly Active Users and a growing cloud business, securing a $775 million strategic investment with Tether[10] - Northern Data possesses over 22,000 GPUs and operates 9 data centers, providing a sovereign AI Cloud platform[13] - The combined entity will have over $1 billion in capital deployed[16] Strategic Rationale - The acquisition of Northern Data will provide Rumble with immediate scale in the enterprise market through GPUaaS and data center businesses[20] - The combination expands the international footprint of both companies, creating globally accessible computing infrastructure[23] - Tether has committed to an initial purchase of up to $150 million of GPU services over a 2-year period from the combined entity[25] Financial Terms and Ownership - The transaction is an all-stock deal where Northern Data shareholders will receive 2.0281 newly issued Rumble Class A shares[31] - Post-transaction, Rumble will own 69.6% and Northern Data will own 30.4% of the combined company[32] Market Positioning - The combined company aims to become a growing player in the high-growth AI and GPU market, with a market capitalization of $3.5 billion[30]