Rumble Inc. (RUM) Earnings Preview – Can Growth Initiatives Offset Stock Losses?

Rumble Inc. (NASDAQ: RUM) heads into its Q3 2025 earnings report, scheduled for release after market close today, under significant pressure. The video-sharing platform, often positioned as a free-speech alternative to YouTube, is grappling with the dual challenge of achieving significant revenue growth while simultaneously curbing substantial net losses.

Rumble's upcoming earnings release will be crucial in determining whether the company can sustain its recent momentum. Analysts estimate that RUM will report an earnings per share (EPS) of -0.05 for the upcoming earnings report, a significant improvement from the -1.15 EPS recorded in the same period last year. The average revenue estimate is projected at $32.73 million, reflecting an anticipated sales growth of approximately 8.27% year-over-year. The pressure is on for Rumble to demonstrate that its strategic investments are beginning to pay off.

Rumble's stock has fallen 50% YTD, although has moved more than 20% off lows due to two major announcements: the planned acquisition of Northern Data and a significant advertising partnership with Tether. The acquisition of Northern Data, a German AI infrastructure company with over 22,000 NVIDIA GPUs, for approximately $767 million, is a bold move aimed at bolstering Rumble's cloud services and video platform with robust AI capabilities. Concurrently, Tether's commitment of $100 million in advertising over two years provides a guaranteed revenue stream, offering further support for Rumble's growth initiatives.

Prior to this, Rumble strategically partnered with Perplexity AI in early October, integrating advanced AI search functionalities into its platform. This collaboration aims to improve content discoverability and user engagement, with the initial announcement sparking a nearly 16% increase in Rumble's stock price. These partnerships highlight Rumble's focus on technological advancement and its commitment to enhancing the user experience.

Despite the positive market reaction to recent announcements, Rumble's Q3 2025 financial results presented a more sobering picture. The company reported a loss of $0.08 per share on revenue of $24.76 million, both figures falling short of analyst expectations. The market largely brushed off these underwhelming results, focusing instead on the potential synergies and revenue opportunities presented by the Northern Data acquisition and the Tether partnership. However, the underlying concern remains: Can Rumble translate its strategic initiatives into meaningful financial improvements?

For Rumble, the path to profitability hinges on its ability to effectively integrate its recent acquisitions, capitalize on its strategic partnerships, and demonstrate sustained revenue growth. The upcoming earnings report will provide valuable insights into the company's progress on these fronts. Analysts will be closely watching for signs that Rumble is successfully executing its growth strategy and that its investments are beginning to yield tangible financial results.