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Rumble Inc

Rumble Inc

RUM
$5.76USD↑+0.70%+0.04 today

MARKET CAP

2.5B

P/E (TTM)

—

FWD P/E

—

DAY RANGE

$5 – $6

52W RANGE

$5
$11

AI Summary

Stalk
Sell NowMedium

RUM remains entrenched in a Stage 4 Decline with sequential lower highs and lower lows under declining 9 and 21 EMAs and the 50 SMA, reinforcing a bearish medium-term bias. Price is extended below these EMAs with follow-through, making immediate selling structurally appropriate. Execution is best pursued on continued breakdown under EMA resistance, while potential oversold bounces into EMAs pose timing risk.

  • ↑Northern Data acquisition targets €130–150 M annual GPU-cloud revenue
  • ↑MAUs rose to 68 M in Q4 2024 (+21% QoQ), boosting ad monetization
  • ↓Q1 2025 adjusted EBITDA loss of $22.7 M and net loss widened to $30.3 M
Full analysis →

The case for & against

Bull & Bear analysis

Bearish

Rumble Incorporated (NASDAQ: RUM) operates a video-sharing platform that emphasizes free speech and monetization for creators. Following a strategic pivot, Rumble is positioning itself to expand beyond its original video content focus into cloud services and AI infrastructure, particularly via its acquisition of Northern Data. This transition aims to leverage the growing demand for GPU and AI services, positioning Rumble within the rapidly evolving digital landscape amidst emerging trends in online media and content delivery.

Bull says

  • ↑Northern Data acquisition targets €130–150 M annual GPU-cloud revenue
  • ↑MAUs rose to 68 M in Q4 2024 (+21% QoQ), boosting ad monetization
  • ↑$100 M ad commitment from Tether and Netflix partnership enhances visibility
  • ↑Rumble Wallet launch in Q3 2025 could drive crypto payments and creator spend
  • ↑Midterm elections likely increase political ad revenue, aiding profitability
  • ↑$233 M liquidity and strong balance-sheet resilience support growth investments

Bear says

  • ↓Q1 2025 adjusted EBITDA loss of $22.7 M and net loss widened to $30.3 M
  • ↓ARPU fell to $0.34 in Q1 2025, highlighting monetization challenges
  • ↓Profitability remains weak with continued cash burn despite revenue growth
  • ↓Complex Northern Data integration heightens execution risk
  • ↓Dependence on ad market cycles and rising CPMs adds revenue uncertainty
  • ↓Negative earnings yield and poor growth factors suggest downside risk

Investment themes with RUM

Social Media↑ +0.09%

META · 0700.HK · 1024.HK

Earnings Call · Q1 2026 · Mgmt. Guidance

Updated 05-14-2026bullish

Transcript signals

Bull points

  • Rumble meaningfully enters into the cloud and agentic AI era, and as the transaction with Northern Data is set to close in June, Rumble will undergo a major transformation.
  • Cloud will become a pillar alongside video, and early indications suggest that cloud should be the largest generator of revenue.
  • Northern Data confirmed its full-year 2026 revenue outlook of between 130 million and 150 million euros, supported by a current pipeline of opportunities and recently executed customer contracts.

Bear points

  • Net loss for the first quarter was $30.3 million compared to a net loss of $2.7 million in the first quarter of 2025.
  • The year-over-year change in net loss was primarily driven by movements in noncash items, including a $14.9 million lower benefit from change in fair value of warrant liability, a $9.7 million lower benefit from change in fair value of derivatives, $4.8 million in acquisition-related transaction costs from the pending Northern Data acquisition and a $2.4 million higher charge in change in fair value of digital assets, partially offset by operating improvements.
Read full transcript analysis ›