{"id":367314,"date":"2021-11-11T20:48:34","date_gmt":"2021-11-11T17:48:34","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/bumble-shares-plunge-20-as-covid-19-hurts-user-growth\/"},"modified":"2021-11-11T20:48:34","modified_gmt":"2021-11-11T17:48:34","slug":"bumble-shares-plunge-20-as-covid-19-hurts-user-growth","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/bumble-shares-plunge-20-as-covid-19-hurts-user-growth\/","title":{"rendered":"#Bumble shares plunge 20% as COVID-19 hurts user growth"},"content":{"rendered":"<p>&#8220;<strong>#Bumble shares plunge 20% as COVID-19 hurts user growth<\/strong>&#8221;<\/p>\n<div>\n<aside class=\"single__inline-module alignleft\">\n<\/aside>\n<p>Bumble\u00a0posted its first sequential decline in user growth since the dating <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a> owner went public in February, as fresh pandemic restrictions crimped demand in some markets, sending shares plunging almost 20 percent Friday.<\/p>\n<p>In the third quarter, total paying users fell 2 percent from the prior quarter to 2.9 million as the global Delta variant surge prompted renewed lockdowns, curtailing consumer spending on dating app subscriptions and in-app purchases.<\/p>\n<p>Bumble\u2019s other dating app, Badoo, which is mostly used by the urban middle class segment, also saw user growth affected by the economic pressures brought on by the health crisis in some markets.<\/p>\n<p>\u201cBadoo operates in a large number of markets where the pandemic is still a significant challenge \u2026 with differences in pace of recovery by region,\u201d Chief Executive Officer Whitney Wolfe Herd said in a post-earnings call.<\/p>\n<p>\u201cWhile many key markets such as Russia and Brazil have shown strong growth in both paying users and user revenue, other markets like France and Italy have lagged.\u201d<\/p>\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-large\"><img decoding=\"async\" loading=\"lazy\" width=\"1024\" height=\"682\" src=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2021\/11\/bumble-shares-plunge-20-percent2.jpg?quality=90&amp;strip=all&amp;w=1024\" alt=\"Bumble dating app logo on the App Store seen on a smartphone in this photo illustration\" class=\"wp-image-20111091\" srcset=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2021\/11\/bumble-shares-plunge-20-percent2.jpg?quality=90&amp;strip=all&amp;w=1535 1536w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2021\/11\/bumble-shares-plunge-20-percent2.jpg?quality=90&amp;strip=all 1024w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2021\/11\/bumble-shares-plunge-20-percent2.jpg?quality=90&amp;strip=all&amp;w=512 512w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\"\/><figcaption>Fresh pandemic restrictions crimped demand for Bumble in some markets, with the number of total paying users dropping 2 percent from the prior quarter to 2.9 million.<\/figcaption><figcaption><span class=\"credit\">NurPhoto via Getty Images<\/span><\/figcaption><\/figure>\n<\/div>\n<p>Bumble shares were down 19.16 percent to $38.60 in midday trading Friday. The company\u2019s shares have lost about 32 percent since its market debut in February.<\/p>\n<p>Despite the slowdown, Texas-based\u00a0Bumble\u00a0raised its full-year revenue forecast and said it remained well-positioned for the upcoming quarter as it continues to expand internationally. Rival Match Group, however, projected fourth-quarter revenue below estimates as COVID-19 hit the Tinder owner\u2019s business in Asia.<\/p>\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-large\"><img decoding=\"async\" loading=\"lazy\" width=\"1024\" height=\"682\" src=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2021\/11\/bumble-shares-plunge-20-percent3.jpg?quality=90&amp;strip=all&amp;w=1024\" alt=\"Bumble logo displayed on a phone screen is seen with paper silhouettes looking like a man and a woman in this illustration photo taken in Krakow, Poland on July 31, 2021. (Photo by Jakub Porzycki\/NurPhoto via Getty Images)\" class=\"wp-image-20111137\" srcset=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2021\/11\/bumble-shares-plunge-20-percent3.jpg?quality=90&amp;strip=all&amp;w=1535 1536w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2021\/11\/bumble-shares-plunge-20-percent3.jpg?quality=90&amp;strip=all 1024w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2021\/11\/bumble-shares-plunge-20-percent3.jpg?quality=90&amp;strip=all&amp;w=512 512w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\"\/><figcaption>Bumble raised its full-year revenue forecast despite the slowdown, saying it was well-positioned for the upcoming quarter as it continues to expand internationally.<\/figcaption><figcaption><span class=\"credit\">NurPhoto via Getty Images<\/span><\/figcaption><\/figure>\n<\/div>\n<p>Bumble\u00a0expects current-quarter revenue between $208 million and $211 million, above analysts\u2019 estimates of $206.0 million, according to Refinitiv IBES data.<\/p>\n<p>Total revenue was $200.5 million in the third quarter, compared with estimates of $198.8 million.\n                        <\/p><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. 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In the third quarter, total paying users fell 2 percent from the prior&#8230;<\/p>\n","protected":false},"author":1,"featured_media":367315,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2021\/11\/bumble-shares-plunge-20-percent.jpg?quality=90&strip=all&w=1024","fifu_image_alt":"","footnotes":""},"categories":[70897],"tags":[118783,87108,1545,70237,70707,75253,70359],"class_list":["post-367314","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-11-11-21","tag-bumble","tag-coronavirus","tag-corporate-earnings","tag-dating-apps","tag-online-dating","tag-stocks"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/367314","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=367314"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/367314\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/367315"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=367314"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=367314"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=367314"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}