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☆ Bumble positive on 2023 as user growth defies economic gloom
▼ + stars: | 2023-02-23 | by ( ) www.reuters.com time to read: +2 min

Bumble forecast 2023 revenue growth between 16% and 19%, the midpoint of which was higher than analysts' estimates of 16.97%, according to Refinitiv data. Revenue at Badoo and its other apps, which accounts for nearly one-fifth of the total, fell 11.9% to $50.8 million. The company also said it expects paying users will continue to drop at Badoo - which has a more economically sensitive user base and has a large presence in Western Europe. In the last three months of 2022, Bumble's total paying users increased to 3.4 million from 3 million a year earlier. Quarterly net loss widened to $159.2 million, or 85 cents per share, from $13.9 million, or 7 cents per share, a year earlier.

☆ Bumble confident on 2023 as user growth defies recession fears
▼ + stars: | 2023-02-22 | by ( ) www.reuters.com time to read: +1 min

Feb 22 (Reuters) - Bumble Inc (BMBL.O) projected full-year revenue growth for 2023 above market estimates on Wednesday as users continued to sign up to its dating app despite a looming recession, sending the company's shares up 6% in extended trading. For the full year 2023, Bumble forecast revenue growth between 16% and 19%, the midpoint of which is above analysts' estimate of 16.97%, according to Refinitiv data. In the last three months of 2022, Bumble's total paying users increased to 3.4 million, from 3 million a year earlier. The company reported revenue of $241.6 million for the quarter, compared with analysts' estimate of $235.9 million, according to Refinitiv data. Reporting by Samrhitha Arunasalam and Vansh Agarwal in Bengaluru; Editing by Krishna Chandra EluriOur Standards: The Thomson Reuters Trust Principles.

The company gave a lackluster quarterly revenue forecast a day earlier that it blamed on a tough economy, a strong dollar and "significant" poor product execution at Tinder. The cuts have already taken place in the United States and are being implemented in other countries. "In addition to the cuts, we expect Match to place greater emphasis on marketing its Tinder and Hinge brands, core areas of growth for 2023," CFRA Research analyst Angelo Zino said. It forecast first-quarter revenue between $790 million and $800 million, lower than analysts' estimates of $817.3 million, according to Refinitiv data. The company also reported its first-ever quarterly revenue decline.

REUTERS/Dado Ruvic/IllustrationFeb 1 (Reuters) - Match Group Inc (MTCH.O) said on Wednesday it would lay off about 8% of its workforce, a day after it forecast first-quarter revenue below Wall Street expectations. Shares of the Texas-based firm were down 7.8%, having lost 11% after the bell on Tuesday following its downbeat forecast. The dating company joins Big Tech firms and Wall Street titans in reducing staff as they strive to cut costs amid concerns of a recession. The workforce reductions at Match are in-line with staff cuts across the broader tech sector, Zino added. Reuters GraphicsMatch forecast first-quarter revenue between $790 million and $800 million on Tuesday, lower than analysts' estimates of $817.3 million, according to Refinitiv data.

☆ Tinder owner Match to cut staff by about 8%
▼ + stars: | 2023-02-01 | by ( ) www.reuters.com time to read: 1 min

Feb 1 (Reuters) - Match Group Inc (MTCH.O) said on Wednesday it would lay off about 8% of its workforce, becoming the latest tech company to cut jobs in the face of rising interest rates and lower spending from consumers. Reporting by Vansh Agarwal and Shreyaa Narayanan in Bengaluru Editing by Vinay DwivediOur Standards: The Thomson Reuters Trust Principles.

While a tough economy and a stronger dollar had also crimped its business, poor product execution at Tinder was the "significant" culprit, Match said. Match reaffirmed its 2023 revenue growth forecast of 5% to 10%. It expects revenue growth to reach double digits by the fourth quarter on increasing momentum in the second half. The company forecast first-quarter revenue between $790 million and $800 million, lower than analysts' estimates of $817.3 million, according to Refinitiv data. Revenue fell 2% to $786 million in the fourth quarter ended Dec. 31, also missing expectations of $787.3 million.

☆ More CMOs Are Investing in Their Personal Brands
▼ + stars: | 2022-11-18 | by ( Patrick Coffee | ) www.wsj.com time to read: +8 min

Efforts can include carefully composed LinkedIn posts about everything from corporate leadership to their costumes at the company’s recent Halloween party. Newsletter Sign-up WSJ | CMO Today CMO Today delivers the most important news of the day for media and marketing professionals. “The best way to do that is for them to have their own strong personal brands,” said Ms. Pryor. Other marketing executives are getting help. SHARE YOUR THOUGHTS Should your company’s executives be able to expense ghostwriters for their personal social-media posts?

☆ Grindr Plans to Focus on Monetization, Subscription Prices After Going Public
▼ + stars: | 2022-11-17 | by ( Jennifer Williams-Alvarez | ) www.wsj.com time to read: +6 min

The company will list on the New York Stock Exchange under a new name, Grindr Inc.Vanna Krantz, Grindr CFO. Ms. Krantz said she plans to review subscription prices, which currently start at $19.99 a month for paid accounts. Once the company is public, Ms. Krantz will be responsible for further building out Grindr’s finance function. Ms. Krantz said she would focus on further improvement when it comes to forecasting. The year-over-year loss was largely driven by one-time costs associated with going public, such as legal, consulting and audit fees, Ms. Krantz said.

☆ Bumble shares tumble after weak fourth-quarter revenue forecast on forex hit
▼ + stars: | 2022-11-09 | by ( ) www.reuters.com time to read: +2 min

Bumble also faces competition from larger rival Match Group Inc (MTCH.O), which topped revenue estimates last week on the back of a jump in paying users for its flagship app Tinder. Bumble now expects current-quarter revenue between $232 million and $237 million, compared to Wall Street's estimates of $254.5 million, according to Refinitiv data. Earlier in March, Bumble said it is discontinuing operations in Russia, including the removal of all of its apps from Apple App Store and Google Play Store in Russia and Belarus. Bumble, which made its market debut in February 2021, said its total paying users increased to 3.3 million during the quarter. Reporting by Vansh Agarwal and Shreyaa Narayanan in Bengaluru; Editing by Shailesh KuberOur Standards: The Thomson Reuters Trust Principles.

☆ Cramer's lightning round: Riot Blockchain is not a buy
▼ + stars: | 2022-10-31 | by ( Krystal Hur | ) www.cnbc.com time to read: 1 min

Loading chart...Palantir : "If it can get to $10, then I would skedaddle. I hate to recommend it all the way down here because it's near the bottom." Loading chart...Black Knight Inc : "The government is so fickle, I hesitate to recommend any arbitrage situation." Loading chart...Riot Blockchain Inc : "I'm not recommending any companies that are losing money." I have no catalyst, and when I have no catalyst, I just don't know how to recommend."

The U.S. aviation giant is looking to digital technology to accelerate production of new aircraft, said Susan Doniz, Boeing's chief information officer, at the Reuters Momentum conference in Austin on Tuesday. Register now for FREE unlimited access to Reuters.com RegisterSome employees expressed reluctance over tools Boeing offered to help them, too. The metaverse, not just a place where Boeing may one day build its planes, is a concept where people can have an avatar in vast virtual lands. There even is discussion about creating "digital twins" of the real world -- and its problems, said Morgan McGuire, Roblox's chief scientist. "There's a lot of things in the real world that are really serious and are really bad," McGuire said at the conference.

The U.S. aviation giant is looking to digital technology to accelerate production of new aircraft, said Susan Doniz, Boeing's chief information officer, at the Reuters Momentum conference in Austin on Tuesday. Register now for FREE unlimited access to Reuters.com RegisterSome employees expressed reluctance over tools Boeing offered to help them, too. The company deployed the HoloLens, mixed-reality headsets from Microsoft Corp (MSFT.O), so staff could wire aircraft with manuals before them digitally. There even is discussion about creating "digital twins" of the real world -- and its problems, said Morgan McGuire, Roblox's chief scientist. "There's a lot of things in the real world that are really serious and are really bad," McGuire said at the conference.

☆ Aplicațiile pentru întâlniri din SUA vor oferi avantaje speciale pentru persoanele vaccinate
▼ + stars: | 2021-05-23 | by ( Onixmedia Srl | ) diez.md time to read: +1 min

Aplicațiile de dating din Statele Unite vor avea funcții speciale pentru utilizatorii vaccinați anti-COVID-19. Totul a început la inițiativa Casei Albe, care a creat un parteneriat cu site-urile de matrimoniale pentru a încuraja americanii să se vaccineze. Prin această înțelegere, aplicațiile utilizate de circa 50 de milioane de oameni, vor introduce ecusoane, insigne speciale și acces gratuit la conținut premium doar pentru vaccinați, iar utilizatorii vor putea să aplice filtre de căutare pentru a vedea doar persoanele vaccinate, informează Reuters. Match Group Inc (MTCH.O) a confirmat participarea mărcilor sale de top din S.U.A., inclusiv Tinder, Match, OkCupid, Hinge, Plenty of Fish, BLK și Chispa. Campaniile promoționale vor fi lansate în următoarele săptămâni și se vor desfășura până pe 4 iulie.

Persons: . Totul, administraţia Biden, Shar Organizations: Reuters, Match Group Inc, Match Group, Albă Locations: Statele Unite, S.U.A ., OkCupid, Hinge, Fish, BLK, America, SUA

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