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FILE PHOTO: The Bumble Inc. (BMBL) app is shown on an Apple iPhone in this photo illustration as the dating app operator made its debut IPO on the Nasdaq stock exchange February 11, 2021. REUTERS/Mike Blake/Illustration/File Photo
08 Aug 2024 04:11AM
:Bumble forecast third-quarter revenue below Wall Street estimates on Wednesday, signaling sluggish discretionary spending by users on its dating apps.
Shares of the Austin, Texas-based company, which offers dating apps such as Bumble, Badoo and Fruitz, fell more than 21 per cent in aftermarket trading.
Bumble, which operates its eponymous app, expects third-quarter revenue between $269 million to $275 million, compared with analysts’ average estimate of $296.1 million, according to LSEG data.
Source: Reuters
