Australia
Bumble Q1 Earnings Rise, Revenue Declines; Shares Fall
Bumble (BMBL) shares were down more than 21% in Wednesday trading, a day after the company reported a year-over-year decline in Q1 revenue.The company reported Q1 earnings Tuesday of $0.34 per diluted share, up from $0.13 a year earlier.Analysts polled by FactSet expected earnings of $0.28.Revenue for the three months ended March 31 was $212.4 million, down from $247.1 million a year earlier.Analysts surveyed by FactSet expected $211.6 million.For Q2, the company expects revenue of $205 million to $213 million. Analysts polled by FactSet expect $211 million.Price: $3.39, Change: $-0.91, Percent Change: -21.10%
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