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Shares of Bumble Inc. slid after hours on Tuesday after the dating app forecast first-quarter sales that missed Wall Street's expectations, as it tries to reinvent itself to help users better connect.
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Bumble forecast its first-quarter revenue below analysts' estimate on Tuesday, signaling that the dating app operator's efforts to boost its sluggish growth rate is taking longer than expected.
AUSTIN, Texas--(BUSINESS WIRE)--Bumble Inc. (NASDAQ: BMBL) today reported financial results for the fourth quarter and full year ended December 31, 2024. “Over the past year, we have established a strong foundation for Bumble, building a robust innovation pipeline and instilling a high-performance culture and capabilities to drive results,” said Lidiane Jones, CEO of Bumble Inc. “The company is executing on an exciting product roadmap for the year ahead, guided by our three strategic priorities.
Bumble Inc BMBL will be reporting its fourth-quarter earnings on Tuesday. Wall Street expects 19 cents in EPS and $260.47 million in revenues as the company reports after market hours.
NEW YORK, NY / ACCESS Newswire / February 16, 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.
In the latest trading session, Bumble Inc. (BMBL) closed at $8.46, marking a +0.71% move from the previous day.
Bumble (BMBL) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
BMBL's fourth-quarter performance is expected to have reflected slowing user growth and inflation, despite efforts in pricing and marketing.
Beyond analysts' top -and-bottom-line estimates for Bumble (BMBL), evaluate projections for some of its key metrics to gain a better insight into how the business might have performed for the quarter ended December 2024.