Bumble Inc. (BMBL), a prominent online dating and social networking company, announced on Friday that Chief Executive Officer Lidiane Jones has stepped down due to personal reasons. Whitney Wolfe Herd, the company's Founder and Executive Chair, is set to take over the CEO role by mid-March.
In tandem with this leadership change, Bumble disclosed that it expects its fourth-quarter total revenue and revenue from the Bumble App to surpass the midpoints of its previously issued forecasts. Furthermore, the company predicts that the fourth-quarter adjusted EBITDA will fall within the previously communicated range.
As of the pre-market trading session, Bumble's stock has risen by 4.86 percent, reaching $8.20 on the Nasdaq.
