David Moadel
5 min read
Quick Read
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Rumble’s $97 million in revenue beat estimates and its own guidance, but a wider loss shows the AI cloud pivot hasn’t paid off yet.
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CoreWeave’s strong results and raised guidance fueled an AI infrastructure rally that lifts Rumble’s Quake AI, which rents GPU capacity to Anthropic.
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Trump Media jumped 8% despite earning its $410 million profit almost entirely from non-cash gains, with only $3 million in revenue.
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An AI infrastructure shift is starting to show up in Rumble‘s (NASDAQ:RUM) sales line, and traders are rewarding a top-line beat over a wider loss. Rumble stock is at $5.42, up 6%, in early action. Results for Q3 2026 arrived before the open on November 11, covering the first full quarter that includes the Quake AI cloud business.
Sales at Rumble reached $96.58 million in the quarter, topping analysts’ estimates. On the bottom line, the company’s loss per share of $0.19 was wider than the $0.12 loss analysts expected, making this a mixed report. Traders are leaning on the top line because sales also cleared Rumble’s own guidance range of $87 million to $93 million for the quarter.
Why Rumble’s Revenue Line Matters More Than Ever
Rumble has grown well beyond its roots as a video platform. The company now runs two divisions. It closed its all-stock acquisition of German cloud provider Northern Data on June 17, and those divisions are the Rumble video platform and Quake AI, which provides computing infrastructure for AI workloads. A six-year commercial arrangement with Anthropic gives Quake AI a high-profile customer.
Positioning added fuel heading into the report. Short interest in Rumble hit a record 8.8%, according to Koyfin, and heavy short positioning can amplify moves in either direction. Lake Street initiated coverage on Rumble in October with a Buy rating and a $25 price target, citing the company’s shift into AI infrastructure.
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Sector sentiment is helping too. Meanwhile, CoreWeave (NASDAQ:CRWV) reported better-than-expected revenue and raised its 2026 guidance after the close on November 10, and AI infrastructure stocks are rallying broadly in response. Quake AI rents out the same kind of graphics processing unit (GPU) capacity, so that read-through supports the mood around Rumble (we rounded up seven companies powering the AI data-center expansion apart from the chipmakers in a free report you can grab here).
