Bumble reports Q3 revenue down 10% YoY to $246.2M, total paying users down 16% to 3.6M, and forecasts Q4 revenue below estimates; BMBL falls 15%+ after hours (Reuters)
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Bumble reports Q3 revenue down 10% YoY to $246.2M, total paying users down 16% to 3.6M, and forecasts Q4 revenue below estimates; BMBL falls 15%+ after hours (Reuters)
Bumble has reported a disappointing third quarter, with revenue dropping 10% year-over-year to $246.2 million and a 16% decline in total paying users, now at 3.6 million. The company also forecasts fourth-quarter revenue to fall below market estimates, leading to a significant drop in its stock price by over 15% in after-hours trading. This news is concerning for investors and highlights the challenges Bumble faces in a competitive dating app market.
— via World Pulse Now AI Editorial System







