(Reuters) -Bumble on Wednesday forecast fourth-quarter revenue below analysts’ expectations, underscoring the challenges facing the dating app operator as its ambitious turnaround plan struggles to gain momentum.
Shares of the Austin, Texas-based company fell 9% in extended trading.
The company sees fourth quarter revenue between $216 million and $224 million, midpoint of which is below analysts estimates of $233.3 million, according to data compiled by LSEG
(Reporting by Kritika Lamba in Bengaluru; Editing by Tasim Zahid)
