Rumble: A Post-Acquisition Look

Rumble: A Post-Acquisition Look Summary Rumble Inc. faces declining video platform engagement and persistent losses, despite substantial backing and strategic deals with Tether. Post-Northern Data acquisition, RUM pivots toward AI infrastructure, gaining 22,400 GPUs and European data center presence but faces significant dilution. Tether's $250M investment and $250M in committed spend provide runway, but RUM's pro forma valuation remains steep at nearly 8x FY26 revenue. An analysis around Rumble follows in the paragraphs below. Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

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