RUM Group (NASDAQ:RUM) reported second-quarter financial results Monday after market close.

Here are the key highlights.

• RUM Group stock is showing downward bias. What’s next for RUM stock?

Rum Group Q2 Earnings

Rum Group announced second-quarter revenue of $40.37 million, up 61% year-over-year. The revenue total beat a Street consensus estimate of $31.24 million, according to data from Benzinga Pro.

The company closed the acquisition of Northern Data in the quarter. This acquisition was responsible for quarterly revenue of $10.1 million.

This marked a quarterly revenue record for the company. Excluding the acquisition, revenue was $30.3 million, up 21% year-over-year and was a record for the Rumble Video business.

Rum Group reported a net loss of 28 cents per share, missing a Street consensus estimate of a loss of nine cents per share.

Read Also: Rumble Stock Is Facing Bearish Pressure Despite Major AI Pivot: What's Going On?

What’s Next for Rum Group

With the Northern Data acquisition, a push into AI and the Rumble video platform, the company is now diversified across several growth sectors.

Rum Group CEO Chris Pavlovski called this a "transformational quarter" for the company, establishing the Quake AI cloud and AI infrastructure business alongside the Rumble video platform business.

"With Quake AI’s existing GPU estate running at 85% utilization, a new multi-year agreement with Together AI, and 250 megawatts of targeted 2027 power, which we believe represents a $3 billion-plus annual run-rate opportunity, RUM Group is uniquely positioned to power the coming robotic and agentic AI era, combining scaled AI compute with the trove of Rumble’s video data and creator community that today’s neoclouds simply don’t have," Pavlovski said.

The company is guiding for third quarter revenue to be in a range of $87 million to $93 million. The current Street forecast is $65.2 million according to data from Benzinga Pro, which may not factor in the closed acquisition of Northern Data.

RUM Stock Price Action

Rum Group stock is down 0.8% at $6.16 in after-hours trading Monday versus a 52-week trading range of $4.62 to $10.54.

Read Also: Rumble Closes Northern Data Deal, Rebrands as RUM Group

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