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.
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