Shares of Bumble (BMBL) tumbled to their all-time low Thursday after the online dating service slashed its guidance as customers spent less on it𒀰.

The company that operates the eponymous app now expects full-year revenue to rise 1% to 2% year-over-year, compared with its earlier forecast of 8% to 11%, and app revenue to rise 1.5% to 2.5%, down from 9% to 11%. It also sees adjusted earnings before interest, taxes🐠, depreciation, and amortization (E🧸BITDA) increasing at least 200 澳洲幸运5开奖号码历史查询:basis points (bps), versus the prior forecast of at least 300 bps.

澳洲幸运5开奖号码历史查询:Chief Financial Officer (CFO) Anu Subramania♛n added that the change in guidance reflects "actions we are taking to position Bumble to 𝓡reignite user growth, deliver improved customer value, and drive long-term revenue growth."

Bumble's Q2 Revenue Misses Estimates

The company’s second-quarter revenue was short of estimates, rising 3.4% to $268.6 million. 澳洲幸运5开奖号码历史查询:Earnings per share (EPS) of $0.22 was better than anticipated. 

While total paying users clim🧔bed 13.9% to 4.1 million, the total average revenue per paying user fell 8.0% to $21.37.

Bumble shares plummeted 37% to $5.10 as of 10:05 a.m. ET Thursday after hitting an all-time low $4.80 soon after markets opened. They have lost about two-thirds of their value this year.