Bumble (BMBL) Q4 2023 Earnings Call Transcript
BMBL earnings call for the period ending December 31, 2023.
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BMBL earnings call for the period ending December 31, 2023.
Bumble announced that it plans to eliminate over 350 jobs worldwide as part of its restructuring plan this year. The upcoming layoff represents about 37% of the dating app's global workforce.
Bumble is giving 350 of its workers the ax, the dating app company said on Tuesday. Impacted workers started receiving notification on Wednesday.
Bumble reported its fourth-quarter financial results and announced workforce reductions after the bell Tuesday. Bumble reported quarterly losses of 19 cents per share which missed the analyst consensus estimate of 12 cents per share. The company reported quarterly sales of $273.64 million which missed the analyst consensus estimate of $275.29 million by 0.6% and represents a 13.25% increase over sales of $241.63 million from the same period last year.
Total Revenue in 2023 Increased 16% to $1,051.8 Million Full Year Bumble App Revenue Increased 22% to $844.8 Million Fourth Quarter Bumble App Paying Users Increased 21% to 2.7 Million; Grew...