Rumble Reports Fourth Quarter and Full Year 2025 Results

Core Insights - Rumble Inc. has achieved over $100 million in annual revenue for the first time in its history, with Q4 2025 revenue reported at $27.1 million, a 9% increase from the previous quarter [1][4] - The company reported 52 million average Monthly Active Users (MAUs) in Q4 2025, reflecting an 11% sequential growth, primarily driven by international expansion efforts [1][4] - Rumble Shorts, a recently launched feature, has surpassed 1 million daily unique video views, indicating strong user engagement [1][5] - The company is on track to complete the acquisition of AI infrastructure company Northern Data by Q2 2026, which is expected to enhance Rumble's cloud and GPU capabilities [1][4] Financial Performance - Q4 2025 revenue was $27.1 million, down 10% from $30.2 million in Q4 2024, with a notable decrease in Audience Monetization revenues [4][6] - Average Revenue Per User (ARPU) for Q4 2025 was $0.46, a 2% increase from the previous quarter [4] - The net loss for Q4 2025 was $32.7 million, significantly improved from a loss of $236.8 million in Q4 2024, largely due to a prior year's derivative expense [4][6] - Adjusted EBITDA for Q4 2025 was a loss of $16.0 million, compared to a loss of $13.4 million in Q4 2024 [4] Strategic Developments - Rumble secured a $100 million advertising commitment from Tether, structured as $50 million per year over two years, aimed at enhancing creator monetization and advertising solutions [4][5] - The company signed a business combination agreement to acquire Northern Data, which will significantly expand Rumble Cloud's compute footprint with approximately 22,400 NVIDIA GPUs [4][5] - A strategic partnership with Perplexity was announced to improve video discovery on Rumble, integrating AI-powered search tools into the platform [4][5] - Rumble Cloud has partnered with the NFL's Cleveland Browns for video cloud storage and infrastructure services, marking a significant milestone in sports media partnerships [4][5] Management Commentary - Rumble's CEO, Chris Pavlovski, emphasized that the company has reached an inflection point, with investments in platform stability and creator monetization beginning to yield results [5]