Bumble forecast its first-quarter revenue below analysts' estimate on Tuesday, signaling that the dating app operator's efforts to boost growth are taking longer than expected, sending its shares down 16% in extended trading.

Bumble Inc. (BMBL, Financials) expects first-quarter 2025 revenue to decline between 7% and 10% year-over-year as the company focuses on strengthening its ecosystem and streamlining operations. Warning!

The online-dating company posted operating earnings of $37 million, compared with an operating loss of $6.9 million a year earlier.