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Bumble shares rise after fourth quarter revenue beat

Bumble reported quarterly revenue of 224.2 million dollars today, beating analyst estimates. Shares rose 12 percent as the firm continues its turnaround plan.

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Bumble Inc. reported fourth-quarter revenue that surpassed market expectations on Wednesday, signaling the initial success of a comprehensive turnaround strategy. The dating app operator saw its shares climb approximately 12% in extended trading following the announcement.

A photo illustration displays the Bumble Inc. (BMBL) application on an iPhone, marking the company's initial public offering on the Nasdaq exchange in early 2021. REUTERS/Mike Blake/Illustration
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