Bumble Shares Plummet due to Weak Forecasts, the Company has now set Strategic Priorities
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Revenue fell 4.4% to $261.6 million, slightly above the $260.5 million expected by analysts. The online dating company Bumble (NASDAQ: BMBL) is pursuing a strategy to attract new users, but it alarmed investors after it projected lower-than-expected earnings for the first quarter. The stock fell nearly 20% in after-hours trading on February 18, 2025, following the announcement of fourth-quarter earnings. The Austin, Texas-based company forecasted revenue for the current quarter to be between $242 million and $248 million, reflecting a decline...
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