Bumble beats profit estimates, bets on international growth


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 on Tuesday beat fourth-quarter profit estimates and said it expected strong growth at its Bumble app in 2022, sending the dating company's shares up over 20% in extended trading.

The company also said it is discontinuing operations in Russia, joining a growing number of firms that are exiting the country following its invasion of Ukraine. Bumble is also removing all of its apps from the Apple App Store and Google Play Store in Russia and Belarus.

Get 20% OFF The Star Digital Access

Monthly Plan

RM 13.90/month

RM 11.12/month

Billed as RM 11.12 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 9.87/month

Billed as RM 118.40 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Others Also Read