Bumble Inc. (BMBL) suffered a steep 17.9% plunge in its stock price during pre-market trading on Wednesday, following the dating app company's disappointing first-quarter revenue forecast and sluggish user growth in the fourth quarter of 2024.
For the first quarter of 2025, Bumble guided for revenue in the range of $242 million to $248 million, falling short of analysts' consensus estimate of around $257 million. The weaker-than-expected guidance suggests that the company's efforts to revive growth are taking longer than anticipated.
Additionally, Bumble reported fourth-quarter revenue of $261.6 million, a 4.4% decline from the prior year and missing expectations. The company's paying user base grew by just 5.3% year-over-year to 4.2 million, while average revenue per paying user dropped. These metrics indicate a slowdown in user growth and engagement, which could be weighing on Bumble's revenue and profitability outlook.