Bumble Slides on Revenue Forecast Miss After Surprise CEO Change
11/08/2023 08:21
Bumble Inc. shares slid after it reported worse-than-expected revenue guidance for the current period, one day after announcing it would replace its chief executive officer.
Bumble Inc. shares slid after it reported worse-than-expected revenue guidance for the current period, one day after announcing it would replace its chief executive officer.
The dating app company expects revenue for the three months ending December to be between $272 million and $278 million, missing the average analyst estimate of $285.9 million. Revenue outlook for the year also came in below expectations, as did revenue for the third quarter, which the company reported Tuesday.