Bumble Sees Q1 2024 Revenue $262M-$268M Vs $277.881M Est.
Portfolio Pulse from Benzinga Newsdesk
Bumble has projected its Q1 2024 revenue to be between $262M and $268M, which is below the estimated $277.881M by analysts.
February 27, 2024 | 9:53 pm
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Bumble's projected Q1 2024 revenue is below analysts' expectations, indicating potential short-term pressure on its stock price.
Revenue forecasts that fall short of analysts' expectations can lead to negative investor sentiment and potential short-term declines in stock price. Given that Bumble's projected revenue is significantly below the estimated figures, this could result in downward pressure on BMBL's stock in the short term.
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