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Bumble forecasts quarterly revenue below estimates

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(Reuters) – Dating app operator Bumble forecast fourth-quarter revenue below analysts’ expectation on Wednesday, signaling sluggish spending by users on its dating apps.

The company expects fourth-quarter revenue between $256 million to $262 million, compared with analysts’ average estimate of $260.2 million, according to data compiled by LSEG.

(Reporting by Priyanka.G in Bengaluru; Editing by Mohammed Safi Shamsi)

Disclaimer: This report is auto generated from the Reuters news service. ThePrint holds no responsibilty for its content.

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