Rumble Inc. shares reached a 52-week high of $10.54 on Tuesday, extending a rally that has pushed the stock up 62.5% over the past six months and 48.1% year-to-date.
The video platform’s stock closed at $9.43 on Monday, up 0.53% in light trading. The advance followed the company’s second-quarter results, which showed revenue of $40.36 million, a 61% increase from the same period a year earlier and above Wall Street’s forecast of $34.93 million.
Despite the revenue growth, Rumble reported a net loss of 28 cents per share for Q2 2026, wider than the anticipated loss of 9 cents per share. The company attributed the shortfall to higher infrastructure and development costs tied to its expanding cloud services and GPU offerings.
Rumble also highlighted a $13.7 billion GPU services contract with a North American cloud customer, structured over six years and split into three tranches. The final tranche is contingent on customer approval of the delivery timeline. The deal will be executed at the company’s facility in Maysville, Georgia, currently under development.
Analysts at InvestingPro’s ProPicks AI flagged the stock’s momentum, noting its 231.5% gain in Siemens Energy and 189% rise in Sandisk as historical examples of similar upside potential. InvestingPro’s models suggest Rumble could achieve profitability this year, aligning with broader market expectations for scaling tech platforms.
The company operates a video platform and cloud services business, with revenue growth driven by increasing demand for GPU-powered applications and enterprise solutions.
