Bumble Catalysts Show Efficiency Gains, But Analyst Flags Growth Risks

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Also Read: Bumble Bets On AI Tools To Revive Growth In Online Dating Market

Adjusted EBITDA came in at $82.6 million, outperforming projections of $78.8 million.

However, the Bumble app’s revenue showed a 1% year-over-year decline, and the Average Revenue Per Paying User (ARPPU) decreased by 10% to $25.58 due to a shift toward international markets.

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Author / Journalist: Anusuya Lahiri

Category: Technology

Markets: United States

Topics: Briefs Analyst Ratings Tech AI Generated BMBL Benzinga Expert Ideas Trading Ideas Analyst Color News Price Target Stories That Matter Reiteration Top Stories Movers

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-11 @ 18:31:42 (2 days ago)

News Timezone: GMT +8:00

News Source URL: benzinga.com

Language: English

Article Length: 578 words

Reading Time: 4 minutes read

Sentences: 27 lines

Sentence Length: 22 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Benzinga

News ID: 23524357

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