BUZZ-Bumble to cut workforce by 30%, shares jump

Reuters

06/25

** Shares of online dating app Bumble BMBL.O jump 12% to $5.87 premarket

** Co to reduce workforce by ~240 roles or 30% of employees

** BMBL expects to incur around $13 million to $18 million of non-recurring charges

** Charges will be incurred primarily in the third and fourth quarter of 2025

** Co expects up to $40 million of annual cost savings related to workforce reduction

** BMBL now expects Q2 revenue between $244 million and $249 million vs previous expectations of between $235 million and $243 million

** Up to last close, stock had fallen ~36% YTD

(Reporting by Zaheer Kachwala in Bengaluru)

((Zaheer.Kachwala@thomsonreuters.com))

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