Bumble Sales Rise On Higher User Spending

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Bumble Sales Rise On Higher User Spending
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Bumble sales climbed in the latest quarter, driven by higher spending as prepandemic conditions have largely returned

sales climbed in the latest quarter, driven by higher spending by users on its dating apps as prepandemic conditions have largely returned.

Shares slid 11% in after-hours trading. The stock closed Wednesday at $34.49 and is up 1.9% on the year through the close. Bumble narrowed its loss to $6.4 million from $11.1 million in the year-ago period. Analysts expected a loss of 2.6 million.

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