Rumble Inc. (RUM) experienced a pre-market plunge of 5.88% on Friday, as the stock declined sharply in early trading.

The decline followed the company's release of its first-quarter financial results, which fell short of Wall Street expectations. Rumble reported a loss per share of $0.12, missing the analyst consensus estimate of a $0.09 loss. While revenue showed a 7% year-over-year increase to $25.46 million, it also failed to meet expectations.

The company's net loss widened significantly to $30.27 million from $2.65 million a year earlier, driven by higher operating expenses and changes in the fair value of warrant liability. This steeper loss, which offset the revenue growth, was the primary driver behind the negative investor sentiment and the stock's pre-market drop.