"Total revenue for the third quarter was $246 million, a 10% decline."
"Bumble app revenue was $199 million, also down 10%."
"For Q4, we expect total revenue in the range of $216 million to $224 million, representing a year-over-year decline of approximately 17% to 14%."
"Member registrations are lower in the near term."
Total revenue for the third quarter was $246 million, a 10% year-over-year decline. Bumble app revenue totaled $199 million, also down 10%, while The Due app and other revenue were $47 million, down 11%. Foreign exchange contributed $4 million to total revenue. Total expenses were $183 million, with non-GAAP operating expenses of $163 million, down 15% due to reduced marketing and headcount restructuring. Cost of revenue was $69 million, 28% of revenue, down about one percentage point driven by direct billing. Product development rose 14% to $25 million, sales and marketing fell 50% to $32 million, G&A increased 38% to $37 million driven by indirect tax adjustments, and net income was $52 million. Q4 revenue guidance is $216 million to $224 million, implying a 14–17% year-over-year decline. Member registrations are lower in the near term.
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