The Investor
11 Nov 2026, 17:22
RUM Group Jumps 14% as AI Infrastructure Drives Record Revenue and First Positive Adjusted EBITDA Quarter
RUM Group (NASDAQ: RUM) shares surged about 14% after the company reported record third-quarter revenue, strong GPU utilization and its first profitable quarter on an adjusted EBITDA basis.
Third-quarter revenue jumped 290% year over year to $96.6 million, also rising 139% sequentially and coming in 3.8% above the top end of company guidance. Quake AI contributed $68.2 million, representing more than 70% of total revenue in its first full quarter of consolidated results.
Demand for the company’s AI infrastructure remained strong. Quake AI operated approximately 22,000 NVIDIA GPUs at roughly 85% utilization during the quarter, with management describing the fleet as nearly sold out.
The quarter also marked RUM Group’s first positive adjusted EBITDA result, an important profitability milestone as the company shifts more heavily toward AI infrastructure. Rumble’s core business also recorded higher advertising revenue, although subscription and other services revenue declined.
RUM Group ended September with $142.3 million of liquidity, including $134.4 million in cash and cash equivalents and 94.68 Bitcoin valued at $7.9 million.
The company also increased its ownership of Northern Data to approximately 98% and expects to reach full ownership through a squeeze-out process in early 2027. However, management cautioned that part of its previously targeted 250 MW of unmonetized capacity for 2027 could be delayed beyond next year because of market conditions.
For the fourth quarter, RUM Group expects revenue of $88 million to $94 million, below the Q3 level.
The 14% rally appears to reflect the much stronger-than-expected revenue growth, high GPU utilization and first positive adjusted EBITDA quarter, which outweighed the softer sequential Q4 revenue outlook and potential delays to additional capacity deployment.
RUM Group (NASDAQ: RUM) shares surged about 14% after the company reported record third-quarter revenue, strong GPU utilization and its first profitable quarter on an adjusted EBITDA basis.
Third-quarter revenue jumped 290% year over year to $96.6 million, also rising 139% sequentially and coming in 3.8% above the top end of company guidance. Quake AI contributed $68.2 million, representing more than 70% of total revenue in its first full quarter of consolidated results.
Demand for the company’s AI infrastructure remained strong. Quake AI operated approximately 22,000 NVIDIA GPUs at roughly 85% utilization during the quarter, with management describing the fleet as nearly sold out.
The quarter also marked RUM Group’s first positive adjusted EBITDA result, an important profitability milestone as the company shifts more heavily toward AI infrastructure. Rumble’s core business also recorded higher advertising revenue, although subscription and other services revenue declined.
RUM Group ended September with $142.3 million of liquidity, including $134.4 million in cash and cash equivalents and 94.68 Bitcoin valued at $7.9 million.
The company also increased its ownership of Northern Data to approximately 98% and expects to reach full ownership through a squeeze-out process in early 2027. However, management cautioned that part of its previously targeted 250 MW of unmonetized capacity for 2027 could be delayed beyond next year because of market conditions.
For the fourth quarter, RUM Group expects revenue of $88 million to $94 million, below the Q3 level.
The 14% rally appears to reflect the much stronger-than-expected revenue growth, high GPU utilization and first positive adjusted EBITDA quarter, which outweighed the softer sequential Q4 revenue outlook and potential delays to additional capacity deployment.
