Table of Contents
- Total Revenue increased 3.4% to $268.6 million, compared to $259.7 million
- Total Paying Users increased to 4.1 million, compared to 3.6 million.
- Total Average Revenue per Paying User ("ARPPU") decreased to $21.37, compared to $23.23
Anu Subramanian, CFO of Bumble Inc. “We are resetting our guidance today to reflect actions we are taking to position Bumble to reignite user growth, deliver improved customer value, and drive long-term revenue growth. We believe our strong balance sheet and cash flow generation give us the flexibility we need to return capital to shareholders while creating lasting value.”
Impact
- Bumble will be slowing down the expansion of its Premium+ offering, which was initially scheduled for the second half of the year.
- In an effort to enhance user experience and engagement, Bumble has announced plans to introduce new features on its popular dating app later this year.
