Johann Wilfred
- Bumble has reported a lacklustre Q2 earnings report as the company struggles to find footing among its competitors
- Total paying users dropped by 8.7% to 3.8 million
- The dating app firm is turning to AI to help improve its offerings
Dating platform Bumble has reported a lacklustre Q2 earnings report as the company struggles to find footing among its competitors. The company posted its financial results on Wednesday after trading hours, as per a Reuters report.
Total paying users dropped by 8.7% to 3.8 million, down from 4 million paying users in Q1 2025 and 4.2 million in Q4 2025, showing a drop across three quarters. Revenue was recorded at $248 million for the second quarter, coupled with a net loss of $367 million. Bumble absorbed a one-time cost of $404.9 million in non-cash impairment charges
Bumble to turn to AI
The dating app firm is turning to AI to help improve its offerings, a strategy undertaken by many firms across various industries in an attempt to stay competitive.
Newsletter
Get weekly updates on the newest crypto stories, case studies and tips right in your mailbox.
Bumble also announced the appointment of Chief Financial Officer Kevin. D Cook, who will be replacing Ronald J. Fior.
This earnings update comes a month after Bumble said it was restructuring and laid off 30% of its workforce, approximately 240 employees. The firm said it was expecting annual cost savings of $40 million from the restructuring.
Source: Google Finance
