NASDAQ:BMBL - Nasdaq - US12047B1052 - Common Stock - Currency: USD
Here are the top movers in Wednesday's session, showcasing the stocks with significant price changes.
Here are the top movers in Wednesday's session, showcasing the stocks with significant price changes.
Bumble stock fell after weak Q1 guidance and decline in paying users. Analysts lowered price targets and cautious on turnaround efforts.
Shares of online dating app Bumble (NASDAQ:BMBL) fell 28.1% in the afternoon session after the company reported weak fourth-quarter 2024 results: Its revenue missed Wall Street's estimates along with its revenue and EBITDA guidance for the next quarter. The Bumble app, its core business, saw revenue decline by 3.8%, while the Badoo app and other revenue fell 6.8%. This drop was partly due to foreign currency headwinds and lower average revenue per paying user. On the other hand, it was good to see Bumble narrowly meet analysts' EBITDA expectations this quarter. Still, this was a disappointing quarter.
Investors and traders are closely monitoring the gap up and gap down stocks in today's session on Wednesday. Let's explore the market movements and identify the stocks with significant gaps.
Among user metrics, total paying users rose 5.3% to 4.2 million, slower than the 13% growth in the third quarter.
BMBL earnings call for the period ending December 31, 2024.
The regular session of the US market on Tuesday is now over, but let's get a preview of the after-hours session and explore the top gainers and losers driving the post-market movements.
Online dating app Bumble (NASDAQ:BMBL) met Wall Street’s revenue expectations in Q4 CY2024, but sales fell by 4.4% year on year to $261.6 million. On the other hand, next quarter’s revenue guidance of $245 million was less impressive, coming in 4.6% below analysts’ estimates.
Online dating app Bumble (NASDAQ:BMBL) met Wall Street’s revenue expectations in Q4 CY2024, but sales fell by 4.4% year on year to $261.6 million. On the other hand, next quarter’s revenue guidance of $245 million was less impressive, coming in 4.6% below analysts’ estimates.
Online dating app Bumble (NASDAQ:BMBL) will be reporting earnings tomorrow after the bell. Here’s what to expect.
Bumble has been treading water for the past six months, recording a small return of 1.7% while holding steady at $8.20. The stock also fell short of the S&P 500’s 16.8% gain during that period.
Bumble Inc. founder Whitney Wolfe Herd will return to the dating-app brand as Chief Executive Officer, the company said in a statement Friday.