Analysts Can't Decide to Swipe Left or Right on Dating Apps -- Market Talk

Dow Jones11-12

1141 ET - Bank of America analysts are cautious about online dating trends heading into 2025, predicting apps like Bumble may take time to regain growth in paying customers. BofA analysts note that growth could return if there are improvements in product investments and economic conditions. Chief Executive of Bumble Lidiane Jones also said in its recent quarter earnings release that their work to drive user growth "will take time." Shares rise 11% to $8.98. (kailyn.rhone@wsj.com; @onlykailyn)

(END) Dow Jones Newswires

November 11, 2024 11:41 ET (16:41 GMT)

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