Bumble’s outgoing CEO, Lidiane Jones, has concluded her tenure on a positive note, presenting the company’s full-year revenue results, with the dating app achieving an overall 2% revenue growth for 2024.
Jones will serve as CEO until Executive Chair Whitney Wolfe Herd becomes CEO effective mid-March 2025.
For 2024, the company’s full-year profit reached $1,071.6 million, compared to $1,051.8 million in 2023.
Due to an unfavorable impact of $2.7 million from foreign currency movements, the company ended Q4 with a 4.4% decrease in revenue.
Jones told investors, “Over the past year, we have established a strong foundation for Bumble, building a robust innovation pipeline and instilling a high-performance culture and capabilities to drive results.”
Looking forward the exiting CEO said, “The company is executing on an exciting product roadmap for the year ahead, guided by our three strategic priorities: strengthening our ecosystem, delivering exceptional customer experiences, and enhancing our revenue strategy. With this solid foundation and visionary founder returning to the helm, we believe that Bumble is well positioned to boldly reimagine the future of online dating, while creating meaningful and kind connections in service of our mission.”
In the company’s earnings release, CFO, Anu Subramanian stated, “Over the coming year, the company plans to build upon the strong foundation it has established, with a regular cadence of product innovation and by continuing to operate with discipline and rigor. These initiatives are designed to strengthen business performance while creating lasting value for Bumble’s shareholders.”
In 2025, Bumble expects an adjusted EBITDA of between $60 million and $63 million, along with total revenue projected between $242 million and $248 million.
By CEO NA Editorial Staff
