RUM Group's third-quarter revenue grew 290%, achieving single-quarter adjusted EBITDA profitability for the first time.
BIBIBI
AT A GLANCE
RUM Group reported revenue growth in the third quarter and achieved its first single-quarter positive adjusted EBITDA, but still recorded a net loss.
Article
Rumble's third-quarter revenue increased 290% year-over-year, achieving adjusted EBITDA profitability for the first time
PANews November 11 news, according to an official announcement, RUM Group (formerly Rumble, RUM) announced its 2026 third-quarter financial report, with revenue of 96600000 USD, a year-over-year increase of 290%, a quarter-over-quarter increase of 139%, setting a record high; adjusted EBITDA was 4400000 USD, marking the company's first-ever quarterly adjusted EBITDA profit; net loss attributable to the company was 79900000 USD. Among this, the AI cloud business Quake AI, after completing the acquisition of Northern Data, contributed 68200000 USD in revenue, accounting for more than 70%, and operates approximately 22000 NVIDIA GPUs. As of the end of the third quarter, the company held 134400000 USD in cash and cash equivalents, and also held 94.68 bitcoins, worth approximately 7900000 USD. The company expects fourth-quarter revenue of 88000000 to 94000000 USD.
According to PANews citing an official announcement, RUM Group released its Q3 2026 financial report.
02
Third-quarter revenue was 96600000 USD, up 290% year-over-year and 139% quarter-over-quarter, reaching a record high.
03
Adjusted EBITDA was 4400000 USD, marking the first time in the company's history to achieve adjusted EBITDA profitability in a single quarter.
04
The net loss attributable to the company was 79900000 USD.
05
After the acquisition of Northern Data, the AI cloud business Quake AI contributed revenue of 68200000 USD, accounting for over 70%, and operates approximately 22000 NVIDIA GPUs.
06
As of the end of the third quarter, the company held cash and cash equivalents of 134400000 USD, as well as 94.68 bitcoins, worth approximately 7900000 USD.
07
The company expects fourth-quarter revenue of 88000000 to 94000000 USD.
AI-assisted interpretation
The following is analysis, separate from reported facts. Verify important claims independently.
Revenue and adjusted EBITDA are indicators of business scale and operating performance; adjusted EBITDA profitability does not mean the company's overall net profit is positive. The announcement also stated that the company still has a net loss.
Why it matters to readers
Revenue growth, the first quarterly adjusted EBITDA profit, and a still sizable net loss occurred simultaneously; observing whether subsequent operations can sustain this and how the losses change will provide a more complete picture.
When reading financial reports, one must distinguish adjusted EBITDA from net profit: this material reports that the former is profitable, but the latter is still a loss.
Risks and unknowns
The materials did not provide the company's original announcement, and the data cannot be independently verified here.
The materials do not specify the particular assumptions underlying the fourth-quarter revenue guidance, nor do they provide subsequent performance.
The materials did not disclose whether the company has increased its Bitcoin trading activities or its holding strategy.
Related Developments
Loading event timeline…
Related concepts
Adjusted EBITDA
This term is not in the glossary yet. Browse related concepts in the glossary.
