Not a match: Bumble has lost 92% of its value in 4 years
Filip De Mott Feb 19, 2025, 12:37 PM ET
https://markets.businessinsider.com/news/stocks/bumble-stock-price-dating-apps-tinder-hinge-sell-users-revenue-2025-2Bumble plunged almost 30% on Wednesday amid a disappointing outlook in its latest earnings report.
The dating app's stock has declined steadily since peaking shortly after its 2021 IPO.
Investors are discouraged by dating app user fatigue and less user spending.
Bumble stock plummeted Wednesday after shareholders were dismayed by the company's forward guidance, with the stock extending a brutal decline that's wiped out more than 90% of its market value in recent years.
Though the dating app company delivered a fourth-quarter revenue beat of $261.6 million, any positive reactions among investors were overshadowed by a weaker-than-expected outlook.
Bumble forecast sales to reach between $242 million to $248 million in the first quarter, short of consensus expectations of $256.9 million. The weaker guidance is the result of what Bumble says is a temporary drop in paying users amid the company's efforts aimed at a brand refresh.
