Bumble cuts revenue outlook and slows some monetization efforts
![Bumble cuts revenue outlook and slows some monetization efforts](https://images.fastcompany.com/image/upload/w_1280,q_auto,f_auto,fl_lossy/wp-cms-2/2024/08/2024-08-08T093128Z_1_LYNXMPEK770E0_RTROPTP_3_BUMBLE-RESULTS.jpg)
The company now expects its full-year revenue to grow between 1% and 2%, compared with an earlier forecast of 8% to 11%.
Bumble shares slumped nearly 36% to a fresh record low after the women-centric dating app slashed its annual sales growth forecast and paused some revenue-generation efforts, turning the spotlight on the pace of a turnaround.