Bumble Sees Q4 Revenue $272M-$278M Vs $286.56M Est.
Portfolio Pulse from Benzinga Newsdesk
Bumble has revised its Q4 2023 revenue forecast to $272M-$278M, lower than the estimated $286.56M. This includes a $6M lower foreign currency benefit and a $1M unfavorable impact from the Middle East crisis, primarily affecting Bumble App Revenue. Adjusted EBITDA is expected to be between $72M-$75M. The actual results may differ significantly due to various factors.
November 08, 2023 | 1:30 am
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Bumble's revised Q4 2023 revenue forecast is lower than estimated, which could negatively impact its stock price in the short term.
Bumble's revised revenue forecast is lower than the estimated $286.56M, which includes a $6M lower foreign currency benefit and a $1M unfavorable impact from the Middle East crisis. This could lead to a negative sentiment among investors, potentially driving the stock price down in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100