Strong user growth drives Bumble's revenue beat, upbeat forecast

FILE PHOTO: The Bumble Inc. (BMBL) app is shown on an Apple iPhone in this photo illustration as the dating app operator made its debut IPO on the Nasdaq stock exchange February 11, 2021. REUTERS/Mike Blake/Illustration

(Reuters) -Bumble Inc forecast current-quarter revenue above estimates on Wednesday after beating expectations for the first, as more people turned to its online dating app to socialize while staying indoors during the COVID-19 pandemic.

The owner of the dating app that requires women to make the first move said total paying users surged 30% in the first three months of the year to 2.8 million, driving a more than 40% jump in revenue.