Bumble Shares Plunge Following Weak Forecast and User Decline

The dating app operator faces challenges with slowing user growth, declining revenue per user, and executive transitions.

Bumble's stock fell over 27% after the company reported a weaker-than-expected first-quarter revenue forecast and a loss of 57,000 paying users in the fourth quarter.
The company expects first-quarter revenue between $242 million and $248 million, significantly below analysts' expectations of $256.9 million.
Founder Whitney Wolfe Herd is set to return as CEO in March, replacing Lidiane Jones, who is stepping down for personal reasons.
Bumble plans to discontinue its Fruitz and Official apps as part of a strategy to focus resources on its flagship product and reposition the brand.
The company is exploring broader lifestyle features, including tools for users to build friendships and communities, but these initiatives have yet to generate significant revenue growth.