Rumble Inc. reported its fourth quarter and full-year 2025 results, marking the first time in its history that annual revenue surpassed $100.6M. Full-year revenue increased to $100,622,320 from $95,488,190, while the company still posted a substantial net loss of $81,830,362, improved from a $338,362,779 loss in 2024.
In Q4 2025, revenue was $27,068,454, down 10% from the prior-year quarter, but cost of services fell sharply, helping narrow operating losses. Adjusted EBITDA for 2025 was a loss of $74,299,119, better than the $92,069,864 loss in 2024, showing progress on underlying profitability.
The platform reported 52 million MAUs in Q4, reflecting 11% sequential growth, and newly launched Rumble Shorts exceeded one million daily unique video views. Rumble ended 2025 with cash and cash equivalents of $237,919,453, up from $114,018,900, supported by large equity issuance and share repurchases. The company is on track to complete its transformative acquisition of AI infrastructure firm Northern Data in the second quarter of 2026, with Northern Data’s GPU utilization expected to approximate 85% by the end of Q1 2026.
Tether Investments, S.A. de C.V., a 10% owner of Rumble Inc., reported open-market purchases of Class A common stock. On 02/03/2026 it bought 193,702 shares at $5.4899, on 02/05/2026 it bought 538,955 shares at $5.4063, and on 02/06/2026 it bought 44,355 shares at $5.4817.
Following the last transaction, Tether Investments, S.A. de C.V. indirectly held 105,174,015 Rumble Class A shares. The shares are directly owned by Tether Investments, S.A. de C.V., a wholly owned subsidiary of Tether Global Investments Fund, S.I.C.A.F., S.A. Mr. Giancarlo Devasini holds a greater than 50% voting interest in that fund and may be deemed to share beneficial ownership, while each party disclaims beneficial ownership beyond any pecuniary interest.