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Bumble shares dip after forecasting revenue in-line with expectations

Investing.com -- Bumble Inc (NASDAQ:BMBL) shares were falling after the dating app gave guidance that was in line with expectations.

Shares were down 2.7% in after-hours trading and are down 14% so far this year.

Bumble reported second quarter earnings per share of 5 cents on revenue of $259.7 million. That compares with estimates for earnings per share of 4 cents and revenue of $256.6M. Revenue was up 18% from the same time last year. Inc. 

Total paying users increased to 3.6M from 3.0M. 

The company sees third quarter revenue of $274M to $280M and adjusted earnings before interest, taxes, depreciation, and amortization of $71M to $73M. 

For the full year 2023, the company sees revenue of $1.055 billion to $1.072B.

 

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CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71.4% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.