The Bumble share ($BMBL) suffered a severe setback on Tuesday after the publication of the Q4 figures for 2024, falling by more than 30% to USD 5.65. 😱 The reasons? A disappointing earnings outlook and negative currency effects.
In the fourth quarter, revenue fell by 4.4% to USD 261.6 million, although the number of paying users rose by 5.3% to 4.2 million. For the full year 2024, revenues increased slightly by 1.9% to USD 1.07 billion, but Bumble recorded an operating loss of USD 700.5 million - a significant decline compared to the previous year.
What do you think? Is the fall in the share price justified or is it an overreaction by the markets? 🤔 What strategies do you use to take advantage of such fluctuations? Let's discuss them!