Bumble Inc projected annual revenue growth above market estimates on optimism over rising paying users on its eponymous dating app, even as its Badoo app struggles in a weak economy due to a larger presence among lower-income consumers.
The Bumble Inc. app is shown on an Apple iPhone in this photo illustration as the dating app operator made its debut IPO on the Nasdaq stock exchange February 11, 2021. REUTERS/Mike Blake/Illustration/File Photoprojected annual revenue growth above market estimates on optimism over rising paying users on its eponymous dating app, even as its Badoo app struggles in a weak economy due to a larger presence among lower-income consumers.
The company's shares were nearly 2% higher after the bell on Wednesday, after swinging wildly in trading after results. The owner of the app where women make the first move has in recent months benefited from a pullback in the U.S. dollar and new features such as "Compliments", which allows users to engage with each other before they decide to connect by sending a note.
Chief Executive Whitney Herd said the company plans to try out several new paid features later in the year, including virtual gift offering and the ability to add stickers. Bumble forecast 2023 revenue growth between 16% and 19%, the midpoint of which was higher than analysts' estimates of 16.97%, according to Refinitiv data. Its first-quarter outlook was also broadly in line with estimates.
Österreich Neuesten Nachrichten, Österreich Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Isle of Man treasury minister's budget boosts health and educationAlex Allinson's inaugural financial plan outlines £1.2bn of government spending in 2023-24.
Weiterlesen »
Justin Moore remains the big question mark when analyzing Villanova’s 2023-24 roster outlookDaily News | Justin Moore remains the big question mark when analyzing Villanova’s 2023-24 roster outlook
Weiterlesen »
Burberry RTW Fall 2023Daniel Lee heard the call of the wild for his Burberry debut, which was bristling with faux fur, more trapper hats than Davy Crockett could have dreamed of, and a garden of rose prints and embellishments.
Weiterlesen »
Roland-Garros eSeries Announces 2023 Tennis Clash TournamentTennisClash players have an all-new tournament to take part in, as the Roland-Garros eSeries for 2023, with signups starting today. esports
Weiterlesen »
Bregman's Breggy Bomb partners with rodeo cook-off title sponsorBreggy Bomb is partnering with a rodeo cook-off tent. Alex Bregman can't be there, so Paul Wall will
Weiterlesen »