Core Insights - Rumble Inc. has entered into a $100 million advertising commitment with Tether, which will be executed at $50 million per year over two years starting in Q1 2026 [1] - This agreement follows Rumble's definitive agreement to submit a voluntary exchange offer for Northern Data AG and Tether's commitment to purchase up to $150 million of GPU services from Rumble after the exchange offer closes [1] - Tether's support is expected to enhance Rumble's efforts towards creating a freer and more open digital ecosystem, emphasizing the importance of freedom, transparency, and innovation in creator monetization and digital advertising [1] Advertising Commitment Highlights - Tether's commitment to Rumble's platform underscores the significance of free speech and creator monetization in the future of advertising [3] - The integration of advertising with Rumble Wallet aims to foster a transparent and privacy-focused monetization environment for creators and users [3] - The commitment is anticipated to drive engagement with Rumble Wallet, which facilitates seamless payments in USD₮, XAU₮, and BTC [7] Ecosystem and Monetization Expansion - The partnership is expected to expand monetization opportunities for both new and existing creators on Rumble, promoting freedom of speech within their communities [7] - The collaboration will accelerate the development of new advertising solutions and attract a wave of new creators to the platform [7]

Core Insights - Rumble Inc. reported a revenue of $24.8 million for Q3 2025, a slight decrease of 1% compared to $25.1 million in Q3 2024 [5][22] - The company experienced a decrease in Monthly Active Users (MAUs) to 47 million in Q3 2025 from 51 million in Q2 2025, attributed to seasonal content creation trends and a slowdown in news and political commentary [5][11] - Average Revenue Per User (ARPU) increased by 7% to $0.45 in Q3 2025, driven by higher audience monetization revenue despite fewer MAUs [5][13] - Rumble's net loss for Q3 2025 was $16.3 million, an improvement from a loss of $31.5 million in Q3 2024 [5][24] - The company maintained a strong liquidity position with over $290 million, including $269.8 million in cash and cash equivalents and Bitcoin valued at $24 million [5][22] Financial Performance - Total revenues for the three months ended September 30, 2025, were $24,762,445, down from $25,056,904 in the same period of 2024, reflecting a variance of $(294,459) or (1%) [4][22] - Cost of services decreased significantly by 31% to $25,219,331, primarily due to a reduction in programming and content costs [4][7] - General and administrative expenses rose to $10,492,008, an increase of $0.8 million compared to the previous year, driven by higher professional fees [4][8] - Research and development expenses decreased slightly to $4,455,354, while sales and marketing expenses increased by 28% to $5,076,937 [4][9][10] Strategic Developments - Rumble announced a strategic partnership with Cumulus Media on August 5, 2025, aimed at expanding distribution and monetization opportunities [5] - On October 2, 2025, Rumble partnered with Perplexity to enhance video discoverability through AI-driven search capabilities [5] - The platform was fully restored in France following a favorable court ruling on October 14, 2025 [5] - A subscription bundle combining Rumble Premium and Perplexity Pro was launched on October 15, 2025, priced at $19.99 per month [5] Key Performance Indicators - Monthly Active Users (MAUs) decreased to 47 million in Q3 2025 from 51 million in Q2 2025, indicating a decline in user engagement [5][11] - The company reported an Adjusted EBITDA loss of $15.1 million for Q3 2025, an improvement of $8.4 million compared to the same quarter in 2024 [5][31] - The net loss per share for Q3 2025 was $(0.06), compared to $(0.15) in Q3 2024 [24]