Bumble forecasts first-quarter revenue below estimates

Reuters
02-19
Bumble forecasts first-quarter revenue below estimates

Feb 18 (Reuters) - Bumble BMBL.O forecast its first-quarter revenue below analysts' estimate on Tuesday, signaling that the dating app operator's efforts to boost its sluggish growth rate is taking longer than expected.

The company expects its first-quarter revenue to be between $242 million and $248 million, below analysts' average estimate of $256.9 million, according to data compiled by LSEG.

(Reporting by Kritika Lamba in Bengaluru; Editing by Shilpi Majumdar)

((Kritika.Lamba@thomsonreuters.com;))

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