Rumble Rises 6% After Third-Quarter Revenue Beat; Trump Media Jumps 9%, Meta Stays Flat
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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.
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).
How Trump Media and Meta Stack Up Against Rumble
Among alternative social media names, Trump Media & Technology Group (NASDAQ:DJT) is outpacing Rumble. Trump Media stock is at $4.68, up 9%. The advance extends a 5% gain in the prior session, which followed a November 9 report showing a third-quarter profit driven by crypto and investment gains.
Net income at Trump Media reached $409.75 million, and the company disclosed that the result rested almost entirely on $496.1 million in non-cash gains on digital assets and equity securities. Stripping those gains out leaves a much smaller operating business, with revenue of $3 million and an adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) loss of $12.34 million that narrowed from a year earlier.
The social media giant Meta Platforms (NASDAQ:META | META Price Prediction) is inching higher. Meta stock is trading at $639, practically unchanged on the session. The company’s latest quarterly report came on October 21, well ahead of the reports from Rumble and Trump Media.
Rumble Leans Into Compute as Trump Media and Meta Stay Media-First
Rumble now draws revenue from two very different sources: ad-supported video and rented computing power for AI customers. During the second-quarter call, CEO Christopher Pavlovski described Quake AI as “the financial engine of RUM Group going forward.”
Trump Media remains a media and financial-services company built around Truth Social, the Truth+ streaming service, Truth.Fi investment products and the Truth API data-licensing product. The company’s next chapter points toward energy through its pending merger with fusion developer TAE Technologies.
Meta runs Facebook, Instagram, Messenger and WhatsApp at global scale and funds heavy AI infrastructure spending from its advertising business, which makes it a buyer of computing power while Rumble is building a business as a seller of it.
Rumble’s Revenue Beat Now Faces a Profit Test
Rumble’s next challenge is whether Quake AI’s growth can shrink the per-share losses that widened in the quarter. Optimists can cite sales that cleared the company’s own guidance, a high-profile Anthropic customer and an encouraging read-through from CoreWeave.
Record short interest in Rumble can cut both ways, and that is central to the bear case alongside rates. Higher borrowing costs weigh on capital-hungry AI builders, and Austan Goolsbee of the Chicago Fed called the latest inflation report “borderline disturbing” as the Fed considers more rate hikes. For Trump Media, the December 14 shareholder vote on the TAE Technologies merger is the next scheduled event.
Quake AI’s ability to monetize its unused power capacity could shape Rumble’s profit outlook. Investors may want to track Rumble’s path to narrower losses closely in the quarters ahead.
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David Moadel is financial writer specializing in stocks, ETFs, options, precious metals, and Bitcoin. David has written well over 1,000 articles for leading online publications, helping investors understand markets, income strategies, and risk. His work has appeared in 24/7 Wall St., The Motley Fool, InvestorPlace, U.S. News & World Report, TipRanks, ValueWalk, Benzinga, Market Realist, MarketScreener, TalkMarkets, Finmasters, and others. With a master’s degree in education, David has taught at the elementary, high school, and college levels. That teaching background shapes his writing style: clear, educational, and practical. David has also built a loyal social-media audience by providing trustworthy financial content on YouTube, X/Twitter, and StockTwits.
