Rumble Inc. Q2 FY2026 Earnings Call
· Earnings call transcript and AI-powered summary
RUM Group Q2 2026 Earnings Summary
Key Highlights
- Completed acquisition of Northern Data on June 17, 2026 (85.2% of shares), renamed parent company to RUM Group, Inc. Now operates two business units: Rumble (video platform) and Quake AI (cloud/AI infrastructure combining Rumble Cloud with ~22,000 NVIDIA H100/H200 GPUs).
- Transformation into end-to-end AI infrastructure company complete; Quake AI positioned as primary financial engine.
- GPU utilization at Quake AI exceeds 85% (sharp increase from prior levels due to focus on customer support and IaaS execution).
- Signed multiyear agreement with Together AI for NVIDIA HGX B300 GPU capacity deployment.
- 250 MW of power capacity targeted for 2027 monetization (sites in Atlanta 180 MW, Pittsburgh, Sweden 50 MW, Norway 20 MW), representing $3B+ annual run-rate opportunity.
Financial Performance (Q2 2026 vs. Q2 2025)
- Revenue: $40.4 million, +61% or +$15.3 million from $25.1 million.
- Cost of services: $30.6 million (up from $26.5 million), driven by higher programming/content costs and incremental data center expenses from Northern Data.
- General & administrative expenses: $16.3 million (up from $11.7 million), primarily due to $5 million from Northern Data plus higher payroll (partially offset by lower professional fees).
- Research & development expenses: $6.8 million (up from $4.8 million).
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