By Kelly Cloonan

Shares of Rumble declined after the company logged a steeper loss in its latest quarter as costs ramped up, offsetting an increase in revenue.

The stock fell 5.8% to $7.70 in after-hours trading. Through market close, shares have climbed 29% year to date.

The technology platform's first-quarter loss widened to $30.3 million, or 12 cents a share, compared with a loss of $2.65 million, or 1 cent a share, a year earlier.

The wider loss was driven by a decrease in changes in fair value of warrant liability, lower interest income and higher expenses. Total expenses rose to $64.6 million from $60.1 million, due to an increase in costs tied to research and development, sales and marketing as well as those related to acquisitions.

Revenue rose 7% to $25.5 million. Contributing to the increase was higher audience monetization revenue from growth in subscription and advertising sales as well as licensing and tipping fees.

The growth was partially offset by a decrease in sales from other initiatives.

First-quarter average global monthly active users were 56 million, up 8% from the fourth quarter. The increase was driven by short-form vertical videos and international expansion, it said.

Write to Kelly Cloonan at kelly.cloonan@wsj.com

(END) Dow Jones Newswires

May 14, 2026 17:18 ET (21:18 GMT)

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