Rumble's AI unit now brings over 70% of revenue as shares jump 16%

what happened

Rumble Group (RUM) reported third-quarter revenue of $96.6 million, up 290% from a year earlier. The figure came in 3.8% above the top of management's guidance and above the analyst consensus of $88.67 million, according to Stocktwits.

The Quake AI division brought in $68.2 million, more than 70% of the total. The company ran about 22,000 Nvidia GPUs at 85% utilization. For the fourth quarter, Rumble expects revenue between $88 million and $94 million. The stock rose 16% in the regular session, its best day in 18 months.

CEO Chris Pavlovski said AI infrastructure is now the core of the business. Most existing customer agreements expire by early 2027, and the company plans to renegotiate pricing. Rumble also raised its Northern Data stake from 85.2% to about 98% by buying 8.26 million shares.

why it matters

The revenue jump reflects the first full quarter of operations of Northern Data, acquired in June. Rumble is also cutting video costs, with savings expected in 2027. For investors, GPU demand and the outcome of contract renewals remain the key factors.

market impact

RUM: strong revenue and AI growth support the shares; GPU pricing matters for the sector

• ▲RUM pressure up — revenue above guidance and consensus support demand for the shares

tags

instruments