Q1 2026 Rumble Inc Earnings Call Transcript
Key Points
- Rumble Inc (RUM) is set to undergo a major transformation with the acquisition of Northern Data, which is expected to significantly boost cloud revenue.
- The company has secured approximately 81% of Northern Data's outstanding shares and received all required regulatory approvals for the acquisition.
- Rumble Cloud is gaining traction with high-value, mission-critical workloads, evidenced by partnerships with companies like Anchorage Digital.
- Rumble Shorts has driven growth in monthly active users, reaching 56 million, and set a new record of roughly 2 million unique video views in a single day.
- The launch of Rumble Wallet in partnership with Tether is expected to be fueled by a $100 million advertising commitment, potentially attracting new creators to the platform.
- Despite revenue growth, Rumble Inc (RUM) reported a net loss of $30.3 million for the first quarter of 2026, compared to a net loss of $2.7 million in the first quarter of 2025.
- The company's adjusted EBITDA loss for the first quarter was $21 million, indicating ongoing financial challenges.
- Rumble Shorts, while contributing to user growth, is not yet monetized, negatively impacting average revenue per user (ARPU).
- Sales and marketing expenses increased significantly by 134% to $8.5 million, reflecting higher marketing and public relations spending.
- The company faces uncertainty regarding future contracts for compute and power, as highlighted by questions about Northern Data's infrastructure capabilities.
Good afternoon, ladies and gentlemen, and welcome to the Rumble Inc. first quarter 2026 earnings call. (Operator Instructions)
This call is being recorded today, May 14, 2026. I would now like to turn the conference over to Shannon Devine, Investor Relations for Rumble. Please go ahead.
Thank you, operator. I'm here today with Chris Pavlovski, founder, Chairman, and CEO of Rumble; Mike Masci, CFO, and Brandon Alexandroff, former CFO and current strategic advisor to the CEO. A press release detailing our first quarter 2026 results was released today and available on our Investor Relations website.
Before we begin the formal presentation, I would like to remind everyone that statements made on this call may include predictions, estimates, or other information that may be considered forward-looking. All forward-looking statements are made only as of the date of this call and should be considered in conjunction with the company's cautionary statements in our earnings release and the factors
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