Rumble GAAP EPS of -$0.06 in-line, revenue of $24.76M misses by $2.1M

* Rumble press release [https://seekingalpha.com/pr/20299809-rumble-reports-third-quarter-2025-results] (RUM [https://seekingalpha.com/symbol/RUM]): Q3 GAAP EPS of -$0.06 in-line.
* Revenue of $24.76M (-1.2% Y/Y) misses by $2.1M.
* MAUs were 47 million in the third quarter of 2025, compared to 51 million in the second quarter of 2025.
* Average Revenue Per User (“ARPU”) for the third quarter of 2025 was $0.45, representing a 7% increase from the second quarter of 2025.
* Adjusted EBITDA, a non-GAAP financial measure, was a loss of $15.1 million in the third quarter of 2025, an improvement of $8.4 million compared to the third quarter of 2024.
* As of September 30, 2025, Rumble had total liquidity of $293.8 million, consisting of $269.8 million in cash and cash equivalents and 210.82 Bitcoin, valued at $24.0 million.
* As of 4pm ET on November 7, 2025, the Company’s Bitcoin holdings are valued at $21.8 million.

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