Rumble Inc. reported its financial results for the third quarter of 2025, revealing a revenue of $24.8 million, a slight decrease of 1% from $25.1 million in the same period last year. For the nine months ending September 30, 2025, total revenue increased by 13% to $73.6 million, compared to $65.3 million in the prior year. The company experienced a net loss of $16.3 million for the quarter, a significant improvement from a loss of $31.5 million in Q3 2024. For the nine-month period, the net loss was $49.1 million, down from $101.6 million in the previous year.
The company’s expenses for the third quarter totaled $52.9 million, down from $57.9 million a year earlier, primarily due to a reduction in costs associated with content and hosting services. Notably, costs related to programming and content decreased by $11.9 million, reflecting the company's efforts to optimize its spending. General and administrative expenses rose by 8% to $10.5 million, driven by increased professional fees. The company also incurred $5.2 million in acquisition-related transaction costs during the quarter, reflecting ongoing strategic evaluations.
Rumble's operational metrics showed a decline in Monthly Active Users (MAUs), averaging 47 million in Q3 2025, an 8% decrease from the previous quarter. The average revenue per user (ARPU) increased by 7% to $0.45, attributed to stable audience monetization revenue despite the drop in user numbers. The company continues to focus on expanding its audience and enhancing monetization strategies, particularly through subscription services and licensing.
In terms of strategic developments, Rumble announced a business combination agreement with Northern Data AG on November 10, 2025, which is expected to close in the second quarter of 2026. This agreement includes a significant GPU services commitment from Tether, amounting to $150 million over two years, and a $100 million advertising commitment from Tether. The company also reported a cash and cash equivalents balance of $269.8 million as of September 30, 2025, bolstered by a strategic investment from Tether that raised $775 million earlier in the year.
Looking ahead, Rumble's management expressed optimism about future growth, driven by ongoing investments in content acquisition and platform enhancements. However, they acknowledged the challenges posed by market conditions and regulatory environments, particularly concerning their new crypto wallet services and compliance with evolving privacy laws. The company remains committed to navigating these challenges while pursuing its growth objectives.
About Rumble Inc.
Rumble Inc. operates a video sharing platform and cloud infrastructure focused on supporting content creators and digital media. Its core segments include Rumble Video, a platform for uploading, livestreaming, and monetizing videos, and Rumble Cloud, offering infrastructure services with a focus on fairness and transparency. The company emphasizes free speech, creator monetization, and alternative cloud solutions, competing with major tech platforms in media and cloud services markets.
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