Bumble, the dating app, announced the departure of its CEO, which led to a decline in its shares. The company also reported worse-than-expected revenue guidance for the current quarter, causing further decline in share prices. Bumble's forecast for fourth-quarter revenue is below Wall Street estimates, indicating that inflation and competition are impacting user spending on its dating apps.
$BMBL (-6.5% pre) Bumble forecasts weak fourth-quarter revenue, shares fall - Reuters https://t.co/6Zh5lQfTo8
Bumble forecasts weak fourth-quarter revenue, shares fall https://t.co/HgKu4N30we https://t.co/6kHBYWWnxH
Bumble reports Q3 revenue up 18.4% YoY to $275.5M, vs. $277M est., and forecasts Q4 revenue below estimates; BMBL drops 6%+ (Reuters) https://t.co/vyQzL6kZID 📫 Subscribe: https://t.co/OyWeKSRpIM https://t.co/fv6XvMdAuN
Bumble shares slid after it reported worse-than-expected revenue guidance for the current period, one day after announcing it would replace its chief executive officer https://t.co/YlhrP8ezSC
Bumble shares slid after it reported worse-than-expected revenue guidance for the current period, one day after announcing it would replace its chief executive officer https://t.co/dgtikqQhuw
⚠️ BUMBLE PROJECTS QUARTERLY REVENUE BELOW ESTIMATES Full Story → https://t.co/Rmpuvc3FRt Bumble forecast fourth-quarter revenue below Wall Street estimates on Tuesday, in a sign that sticky inflation and growing competition were weighing on user spending on its dating apps.
Bumble Inc. beats by $0.05, reports revs in-line; guides Q4 revs below consensus; increases share buyback program $BMBL
Bumble: CEO departure is dating app’s latest rejection https://t.co/YGGqLrT0uc