financetom
Business
financetom
/
Business
/
Rumble Q3 Loss Narrows, Revenue Decreases; Agrees to All-Stock Acquisition of Northern Data
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Rumble Q3 Loss Narrows, Revenue Decreases; Agrees to All-Stock Acquisition of Northern Data
Nov 10, 2025 12:58 AM

03:43 AM EST, 11/10/2025 (MT Newswires) -- Rumble (RUM) reported a Q3 loss Monday of $0.06 per diluted share, narrowing from a loss of $0.15 a year earlier.

Three analysts polled by FactSet expected a loss of $0.06.

Revenue for the quarter ended Sept. 30 was $24.8 million, down from $25.1 million a year earlier.

Three analysts surveyed by FactSet expected $26.8 million.

Separately, the company also said it has agreed to an all-stock business deal to acquire Northern Data.

Under the terms of the business combination agreement, Rumble will submit a voluntary public exchange offer to exchange 2.0281 newly issued shares for each Northern Data share.

The offer also includes a potential cash payment of up to $200 million to shareholders once there has been a successful sale and/or the achievement of specific milestones, the company said.

The transaction, already approved by both companies' boards, would result in a 30.4% ownership in Rumble for Northern Data shareholders and is expected to close in Q2 2026, the company said.

Investors representing about 72% of Northern Data shares have already committed to the deal, the company said.

Once completed, the transaction will allow Rumble to expand its cloud and data center businesses as well as its European international footprint, the company said.

Shares of the online media platform were up 11.7% in recent after-hours activity.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
BRIEF-Arthur J. Gallagher & Co. Acquires Fontenelle & Goodreau Insurance
BRIEF-Arthur J. Gallagher & Co. Acquires Fontenelle & Goodreau Insurance
Apr 18, 2024
April 18 (Reuters) - Arthur J Gallagher & Co ( AJG ): * ARTHUR J. GALLAGHER & CO. ( AJG ) ACQUIRES FONTENELLE & GOODREAU INSURANCE, LLC * ARTHUR J GALLAGHER & CO ( AJG ) - TERMS OF TRANSACTION WERE NOT DISCLOSED. Source text for Eikon: Further company coverage: ...
Update: 23andMe CEO Mulls Plan to Take Company Private
Update: 23andMe CEO Mulls Plan to Take Company Private
Apr 18, 2024
09:35 AM EDT, 04/18/2024 (MT Newswires) -- (Updates with details throughout.) 23andMe Holding Co. ( ME ) Chief Executive Anne Wojcicki has told board members she is considering a plan to acquire the company in a go-private transaction, the company said Thursday in a filing with the US Securities and Exchange Commission. The company said Wojcicki is working with advisors...
Walmart-Backed Digital Marketing Company Ibotta Set For IPO Amid AI Buzz: Details
Walmart-Backed Digital Marketing Company Ibotta Set For IPO Amid AI Buzz: Details
Apr 18, 2024
Walmart Inc ( WMT ) backed Ibotta, a digital marketing company, anticipates raising $577.3 million with a valuation of around $2.7 billion after pricing its initial public offering on Wednesday. Ibotta plans to offer 6.56 million shares of its Class A common stock at $88 per share, above its earlier price range of $76-$84 per share. The company is selling 2.50 million shares of...
WELL Health Maintained at Buy at Stifel GMP as it Buys 10 Clinics From Shoppers Drug Mart; Price Target Kept at C$11.00
WELL Health Maintained at Buy at Stifel GMP as it Buys 10 Clinics From Shoppers Drug Mart; Price Target Kept at C$11.00
Apr 18, 2024
09:41 AM EDT, 04/18/2024 (MT Newswires) -- Stifel GMP on Thursday reiterated its buy rating on the shares of WELL Health Technologies ( WHTCF ) and its C$11.00 price target after the company agreed to acquire 10 primary-care medical clinics from Shoppers Drug Mart. WELL announced the acquisition of all 10 primary care medical clinics owned by Shoppers Drug Mart,...
Copyright 2023-2025 - www.financetom.com All Rights Reserved