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Aug 7 (Reuters) - Bumble (BMBL.O), opens new tab slashed its annual revenue growth forecast on Wednesday, stoking worries about the dating app operator's growth plans among investors, sending its shares down 30% after the bell.
It also missed Wall Street estimates for second-quarter revenue unlike bigger rival Match Group (MTCH.O), opens new tab, which reported upbeat second-quarter revenue last week, driven by stabilizing trends at Tinder and robust growth at Hinge.
"Bumble's downward revisions on revenue and earnings guidance have investors concerned that the company is unclear around what its growth story will be from here," Third Bridge analyst Jamie Lumley said.
we're seeing the great bumble fumble!
Good, serves them right. Wasn't Bumble the dating platform that tried to encourage women to casual sex 🙄 in an ad or something? I remember a thread about it here.
Bumble doesn't protect women against scammers and predators. Fall harder, Bumble!