Video platforms rum and group reported a 61% year-on-year increase in revenue for the second quarter
2026-08-13 07:15:06
According to CoinMeta, Wu said that the video platform rum group reported revenue of $40.4 million in the second quarter, a year-on-year increase of 61%. Of this, after the acquisition of northern data on June 17, it contributed $10.1 million, and the revenue from the video business of rumble was $30.3 million, a year-on-year increase of 21%. The company incurred a net loss of $80.9 million in the second quarter, and after adjustments, the loss was $16.6 million. After the acquisition was completed, rum group divided its business into two parts: the rumble video platform and quake ai. The latter integrated approximately 22,000 NVIDIA H100 / H200 GPU, with a quarterly utilization rate of about 85%. As of June 30, the company held 293.14 bitcoins, an increase of 82.32 from the end of the first quarter, representing a growth of about 39%. The company expects its revenue in the third quarter to be between $87 million and $93 million.
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Source:X
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