Bumble, a popular dating app, had some bad news recently. They didn't make as much money as they thought they would. This is because fewer people are using the app and spending money on it.
- Bumble's revenue (money made) was lower than expected.
- Fewer people are paying for the app.
- Bumble is trying new things, like better photos and safety features, to get more users.
- They're also closing some smaller apps to focus on Bumble.
| Fact | Number |
|---|---|
| Expected first-quarter revenue (in millions) | $242-$248 |
| Analysts' estimate (in millions) | $256.9 |
| Decline in paying users | 100,000-120,000 |
| Bumble's fourth-quarter revenue (in millions) | $261.6 |
