Bumble Stumbles On 'Ability To Achieve Wider Industry Growth': Analyst

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Bumble Stumbles On 'Ability To Achieve Wider Industry Growth': Analyst - Benzinga

Quick Summary:

Bumble fell 30% after last Wednesday’s closing bell after the company’s second-quarter revenue of $268.6 million missed analyst consensus by 1.6% and its forecast for third-quarter revenue of $272 million at the midpoint fell short of consensus by 8.2%, Reuters reported.“At current share price levels, we believe BMBL is no longer pricing in any element of either compounded revenue growth, stable/upward trajectory margins and/or an ability to ...

Bumble Inc.’s (NASDAQ:BMBL) plummet last week following a notable miss on revenue underscored the company’s inability to flourish in the competitive world of dating apps, an analyst said.

Full story available on Benzinga.