Leadership Transition
, 's founder, is set to return as CEO in mid-March, succeeding who resigned for personal reasons.
, Bumble's lead director, will transition to chair of the board, emphasizing a strategic shift toward Wolfe Herd's vision.
Financial Outlook and Challenges
Despite a significant drop in market cap from $7.7 billion to $847 million since its IPO, Bumble expects to exceed its fourth-quarter revenue forecast.
The company faces challenges including a decline in total revenue and average revenue per paying user, amidst a broader slowdown in the dating app industry.