News Summary

Whitney Wolfe Herd, the founder of Bumble, will return as the CEO of the dating app company in March. She previously stepped down from the role in 2023, and her return comes at a time when Bumble is facing challenges in growth. The current CEO, Lidiane Jones, will step down for personal reasons. Under Jones’ leadership, Bumble saw a decline in total revenue to $274 million in Q3 2024, despite an increase in paying users to 4.3 million. The average revenue per paying user dropped from $23.42 to $21.17. Wolfe Herd’s comeback is expected to boost investor confidence. Bumble anticipates its Q4 2024 app revenue to exceed previous forecasts and plans to announce these results next month.