Shares in Bumble Inc (NASDAQ:BMBL) fell 13% after hours on Tuesday following a weaker-than-expected revenue forecast for the first quarter issued by the dating app company.
Bumble expects its revenue for the first quarter of 2025, to come between $242 million and $248 million, falling short of analysts’ expectations of $257.2 million. The company expects adjusted EBITDA in the range of $60 million to $63 million.
The company posted $261 million for its fourth-quarter revenue. This narrowly beat Wall Street estimates of $260.03 million.
Adjusted EBITDA for the reported quarter came in at $72.5 million, or 27.7% of revenue, compared with $73.7 million, or 26.9%, a year earlier.