Latest news with #RonaldJFior
CNA
3 days ago
- Business
- CNA
Bumble sees decline in paying users as focus on 'better swipes' yet to pay off
Bumble on Wednesday posted an 8.7 per cent decline in paying users for second-quarter, signaling that the dating app's turnaround is taking longer than expected. Shares of the Austin, Texas-based company fell about 13 per cent in extended trading. Total paying users decreased by 8.7 per cent to 3.8 million in the second-quarter ended June 30. Across the online dating industry, companies are seeking to combat "dating fatigue" by integrating AI and enhancing security. However, Bumble has lagged behind in launching innovative features, particularly as Gen Z users continue to move away from traditional dating apps in search of more engaging experiences. The company posted second quarter revenue of $248.2 million, compared with analysts' average estimate of $245.1 million, according to data compiled by LSEG. The company also appointed Kevin Cook as its new chief financial officer, effective August 12, succeeding interim CFO Ronald J. Fior.
Yahoo
3 days ago
- Business
- Yahoo
Bumble beats second-quarter revenue estimates, appoints new CFO
(Reuters) -Bumble on Wednesday posted second-quarter revenue above Wall Street estimates, as the dating app begins to bear early fruits from its turnaround efforts. Shares of the company rose 2.4% in extended trading The company also appointed Kevin Cook as its new chief financial officer, effective August 12, succeeding interim CFO Ronald J. Fior. The company posted second quarter revenue of $248.2 million, compared with analysts' average estimate of $245.1 million, according to data compiled by LSEG. Sign in to access your portfolio
CNA
3 days ago
- Business
- CNA
Bumble beats second-quarter revenue estimates, appoints new CFO
Bumble on Wednesday posted second-quarter revenue above Wall Street estimates, as the dating app begins to bear early fruits from its turnaround efforts. Shares of the company rose 2.4 per cent in extended trading The company also appointed Kevin Cook as its new chief financial officer, effective August 12, succeeding interim CFO Ronald J. Fior.
