“Product-driven turnarounds take time,” said J.P Morgan.
Jenny Horne examines online matchmaking company Bumble (BMBL) after an earnings miss. The company says Paying App users declined month over month, and it issued 1Q guidance under Wall Street estimates.
Bumble's shares fell 16% on Wednesday after the dating app operator forecast first-quarter revenue below market estimates, as it continues to grapple with a slowdown in the growth of paying users.
Bumble Inc. (BMBL) Q4 2024 Earnings Call Transcript
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.
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.
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.