Bumble topped first-quarter revenue expectations on Tuesday, signaling that its platform overhaul aimed at winning back younger users is beginning to pay off.
The company reported revenue of $212.4 million, narrowly beating the $211.4 million consensus estimate compiled by LSEG.
However, total paying users fell 21.1% year-over-year to 3.2 million, down from 4 million a year ago. To offset the decline, average revenue per paying user jumped 8.9% to $22.04.
Whitney Wolfe Herd, Founder and CEO of Bumble, said the company is focusing on activating a higher-quality member base by launching a fully reimagined Bumble experience on a rebuilt, AI-enabled platform later this year.
Bumble has long positioned itself as a female-first alternative in the crowded dating app market. The company is now experimenting with product tweaks to make the experience feel more curated and less transactional.
Rivals like Tinder and Hinge-both owned by Match Group-are also accelerating the rollout of AI-powered features, including personalized prompts and in-app assistants. Investors are watching closely to see if product innovation and pricing adjustments can stabilize paying user bases across the sector.
For the second quarter, Bumble expects revenue between $205 million and $213 million, below analysts' estimate of $215 million.