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Bumble Inc (NASDAQ:BMBL) shares plunged more than 26% after the social networking platform projected a decline in paying users and revenue for the first quarter. The company guided revenue in the range of $242 million and $248 million for Q1, below estimates of $257.2 million.
Investors are reacting strongly to earnings reports from Toll Brothers Inc (NYSE:TOL) and Bumble Inc (NASDAQ:BMBL), sending both stocks sharply lower in early trading.
Bumble is discontinuing its two acquired apps, the dating and relationship apps Fruitz and Official. The move was shared during the company's fourth-quarter earnings call on Wednesday.
Bumble (BMBL) plunged after the company missed on earnings and continues to slide on revenue per user. Etsy Inc. (ETSY) saw similar issues in its report due to compressed consumer spending.
NEW YORK, NY / ACCESS Newswire / February 19, 2025 / Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Bumble Inc. ("Bumble" or "the Company") (NASDAQ:BMBL). Investors who purchased Bumble securities prior to November 7, 2023, and continue to hold to the present, are encouraged to obtain additional information and assist the investigation by visiting the firm's site: bgandg.com/BMBL.
“Product-driven turnarounds take time,” said J.P Morgan.
Jenny Horne examines online matchmaking company Bumble (BMBL) after an earnings miss. The company says Paying App users declined month over month, and it issued 1Q guidance under Wall Street estimates.
U.S. stock futures were lower this morning, with the Dow futures falling over 100 points on Wednesday.
Bumble's shares fell 16% on Wednesday after the dating app operator forecast first-quarter revenue below market estimates, as it continues to grapple with a slowdown in the growth of paying users.
Bumble Inc. (BMBL) Q4 2024 Earnings Call Transcript