RUM Group's Q3 revenue increased by 290%, achieving EBITDA p
RUM Group (formerly Rumble, RUM) released its third-quarter 2026 financial report, with revenues reaching $96.6 million, a year-over-year increase of 290% and a quarter-over-quarter increase of 139%, setting a new record high; adjusted EBITDA was $4.4 million, marking the company's first quarterly profitability; net loss was $79.9 million.
### Timeline of Events
- [11-11 13:36] Rumble's third-quarter revenue grew 290% year-over-year, achieving its first adjusted EBITDA profitability (PANews)
- [11-11 23:51] RUM Group's third-quarter revenue increased 290% year-over-year, with adjusted EBITDA turning positive for the first time, and held 94.68 BTC at the end of the quarter (Wu Shuo)
### Background and Impact
PANews reported on November 11, 2026, that according to the official announcement, RUM Group (formerly Rumble, RUM) released its third-quarter 2026 financial report, with revenues reaching $96.6 million, a year-over-year increase of 290% and a quarter-over-quarter increase of 139%, setting a new record high; adjusted EBITDA was $4.4 million, marking the company's first quarterly adjusted EBITDA profitability; net loss was $79.9 million. Among this, the AI cloud business Quake AI, acquired from Northern Data, contributed $68.2 million in revenue, accounting for over 70% of the total, with approximately 22,000 NVIDIA GPUs in operation. By the end of the third quarter, the company held cash and cash equivalents of $134.4 million, and 94.68 BTC, valued at approximately $7.9 million. The company expects fourth-quarter revenues to be between $88 million and $94 million. Wu Shuo learned that RUM Group (RUM) released its third-quarter 2026 financial report, with revenues of $96.6 million, a year-over-year increase of 290% and a quarter-over-quarter increase of 139%; adjusted EBITDA turned positive for the first time, reaching $4.41 million, with net loss expanding to $89.85 million. The first complete quarter after acquiring Northern Data, the AI infrastructure business Quake AI contributed $68.2 million in revenue, accounting for over 70% of the total, with the utilization rate of approximately 22,000 NVIDIA GPUs at around 85%. The company has increased its stake in Northern Data to about 98%, and expects to achieve full ownership in early 2027, with some planned commercialized computing capacity potentially delayed. By September 30, the company's liquidity total was $142.3 million, including $134.4 million in cash and cash equivalents and 94.68 BTC (valued at approximately $7.9 million). The company expects fourth-quarter revenues to be between $88 million and $94 million.
### FAQs
#### What is RUM Group's Bitcoin holding situation?
As of the end of the third quarter, RUM Group held 94.68 BTC, valued at approximately $7.9 million.
#### What is RUM Group's revenue forecast for the fourth quarter?
RUM Group expects fourth-quarter revenues to be between $88 million and $94 million.
#### When will RUM Group achieve full ownership of Northern Data?
RUM Group expects to achieve full ownership of Northern Data in early 2027.
### Sources