Bumble going strong as pandemic love endures Delta concerns
Bumble Inc forecast current-quarter revenue above estimates as the pandemic-era surge in paying subscribers helped the dating app owner shrug off challenges posed by the COVID-19 Delta variant.
Shares of Bumble jumped 3% in extended trading, as the Texas-based company also surpassed quarterly revenue estimates after total paying users rose 20% to 2.9 million.
Apps like Bumble and Tinder grew last year as people isolated by lockdowns turned to virtual dating to reinvent romance. Now, with the Delta variant threatening a nascent recovery in the economy, investors are once again weighing how dating apps will fare.