Shares of the Austin, Texas-based company, which offers dating apps such as Bumble, Badoo, and Fruitz, fell more than 7% in extended trading.
The company competes with larger rival Match Group, which is looking to target younger users with intense marketing initiatives, as sticky inflation and high borrowing costs affect non-essential purchases. Last month, Match forecast current-quarter revenue below estimates.
Bumble would relaunch its eponymous app and revamp its premium plus offering, CEO Jones said on a post-earnings call.
"As core markets like the U.S. mature, the focus at Bumble will be on reigniting ARPU growth and driving further market expansion at a global level," Third Bridge analyst Jamie Lumley said.
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Bumble expects annual revenue growth between 8% to 11%, compared with estimate of 13.3% growth, according to LSEG data.
Citi analysts said in a note on Tuesday that they are not surprised to see slowing growth at Bumble and its fiscal 2024 outlook is a "notable step down in growth."
Bumble expects current-quarter revenue between $262 million and $268 million, compared with analysts' average estimate of $277.9 million.
Total paying users across Bumble's apps increased to 4 million in the fourth quarter ended Dec. 31, from 3.4 million a year earlier.
In the fourth-quarter revenue came in at $273.6 million, falling short of analysts' estimates of $275.3 million. It also posted a surprise loss per share of 19 cents. Analysts on average were expecting a profit of 12 cents per share.