Bumble stock drops after company reports wider Q4 loss

Bumble Inc.

shares dropped nearly 7% in the extended session Wednesday after the online dating company reported mixed quarterly results, showing a fourth-quarter loss but revenue that was above Wall Street expectations. Bumble lost $159 million, or 85 cents a share, in the quarter, compared with a loss of $14 million, or 7 cents a share, in the year-ago period. Revenue rose 17% to $241.6 million, the company said.

shares dropped nearly 7% in the extended session Wednesday after the online dating company reported mixed quarterly results, showing a fourth-quarter loss but revenue that was above Wall Street expectations. Bumble lost $159 million, or 85 cents a share, in the quarter, compared with a loss of $14 million, or 7 cents a share, in the year-ago period. Revenue rose 17% to $241.6 million, the company said.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

MarketWatch /  🏆 3. in AU

Australia Australia Latest News, Australia Australia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Stocks making the biggest moves after hours: Nvidia, Etsy, Lucid, Bumble, Moderna and moreStocks making the biggest moves after hours: Etsy, Lucid, Bumble, Moderna and more Boycott Tesla
Source: CNBC - 🏆 12. / 72 Read more »