GenZ News

Article View

Bumble reports Q2 revenue down 8% YoY to $248.2M, vs. $245.1M est., a $367M net loss, and total paying users down 8.7% YoY to 3.8M; BMBL falls 9%+ after hours (Kritika Lamba/Reuters)

12d ago
Technology
Techmeme
Bumble reports Q2 revenue down 8% YoY to $248.2M, vs. $245.1M est., a $367M net loss, and total paying users down 8.7% YoY to 3.8M; BMBL falls 9%+ after hours (Kritika Lamba/Reuters)
Bumble (BMBL) reported Q2 revenue of $248.2 million, down 8% year-over-year, but slightly above the estimated $245.1 million. The company experienced a net loss of $367 million and a decrease in total paying users by 8.7% year-over-year, bringing the total to 3.8 million. Following the earnings release, Bumble's stock price fell over 9% in after-hours trading, reflecting investor concerns about the company's growth trajectory and ability to attract and retain paying subscribers in a competitive market.
Source