The dating app operator’s shares slid after projecting weaker-than-expected second-quarter revenue despite topping first-quarter earnings estimates.
Bumble Inc. shares plunged 18% in after-hours trading after the company issued a disappointing Q2 revenue outlook, eclipsing its better-than-expected Q1 earnings. Revenue for the quarter rose 12% year-over-year to $267.8 million, beating analyst estimates of $263.4 million.
The company’s Q2 revenue forecast of $273-$278 million fell short of the $282 million consensus. Bumble also reported adjusted EBITDA of $62.1 million, up from $54.3 million in the same period last year. The outlook overshadowed the earnings beat, weighing on investor sentiment.
The stock’s decline reflects concerns over slowing growth momentum amid competitive pressures in the online dating sector. Bumble’s user growth and monetization trends will be closely watched in the coming quarters.