Bumble Inc. (NASDAQ: BMBL) reported downbeat results for its fourth quarter on Tuesday.
Bumble reported quarterly losses of 19 cents per share which missed the analyst consensus estimate of 12 cents per share. The company reported quarterly sales of $273.64 million which missed the analyst consensus estimate of $275.29 million, according to data from Benzinga Pro.
Bumble also announced it will reduce its workforce by 350 roles as part of a transformation plan.
“Today, we announced solid full-year results and a bold plan to transform Bumble and lead the company to its next phase of growth and innovation,” said Lidiane Jones, CEO …
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