Rumble Q2 revenue rises 61% to record high, surpassing estimates

RUM

10/08/2026 21:16

Overview
US AI infrastructure and video firm's fiscal Q2 revenue rose 61% yr/yr to record high
Company closed Northern Data acquisition, adding 250 MW of unmonetized AI capacity
Initiated Q3 2026 revenue guidance of $87 mln to $93 mln

Outlook
RUM Group sees Q3 2026 revenue between $87 mln and $93 mln
Company targets 250 MW of unmonetized capacity for 2027, representing a $3 bln+ ARR opportunity

Result Drivers
NORTHERN DATA ACQUISITION - Co said acquisition contributed $10.1 mln in cloud computing and colocation services revenue
ADVERTISING REVENUE - Co said $5.9 mln increase in advertising revenue drove Audience Monetization growth
GPU UTILIZATION - Co said Quake AI GPU estate operated at 85% utilization for the quarter

Company press release: ID:nGNX4GVhdV

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Beat
$40.40 mln
$31.24 mln (2 Analysts)

Analyst Coverage
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the online services peer group is "buy."
Wall Street's median 12-month price target for RUM Group Inc. is $16.00, about 150.6% above its August 7 closing price of $6.39

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)