Bumble reported its fourth quarter results that fell short of analysts’ expectations.
The online dating platform posted a net loss of -8 cents per share, wider than the -2 cents a share loss expected by analysts polled by FactSet.
The company’s revenue came in at $208.2 million, vs. analysts’ forecast of $209.6 million.
Total paying users count climbed +10.6% year-over-year to 3 million. Total average revenue per paying user rose by $2.81 to $22.83.
For the first quarter, Bumble expects revenue in the range of $207 million to $210 million. That includes about $2 million of lost revenue due to the crisis in Ukraine and the firm’s decision to pull its app from Russia and Belarus.
Looking farther ahead, the firm projects revenue between $934 million and $944 million for the full fiscal year, compared to analyst expectations of $939.1 million (according to FactSe