: Bumble stock drops after company reports wider Q4 loss


Bumble Inc. BMBL, +3.64% shares dropped nearly 7% in the extended session Wednesday after the online dating company reported mixed quarterly results, showing a fourth-quarter loss but revenue that was above Wall Street expectations. Bumble lost $159 million, or 85 cents a share, in the quarter, compared with a loss of $14 million, or 7 cents a share, in the year-ago period. Revenue rose 17% to $241.6 million, the company said. Analysts polled by FactSet expected Bumble to report a breakeven quarter on sales of $236 million. Bumble guided for 2023 revenue growth between 16% and 19%, and first-quarter revenue between $238 million and $243 million. FactSet analysts expect first-quarter revenue of $241 million. Bumble shares ended the regular trading day up 3.6%.

This article was originally published by Marketwatch.com. Read the original article here.

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