Bumble (BMBL.US) surged in pre-market trading! Lay off 30% of staff and raise Q2 revenue guidance.

American online dating app company Bumble (BMBL.US) announced on Wednesday that it will lay off about 240 employees, representing approximately 30% of its global workforce. Following the announcement, as of the time of reporting, Bumble's pre-market stock price surged more than 15% on Wednesday. Bumble stated that it expects to incur a one-time expense of approximately $13-18 million for employee severance, benefits, and related costs, primarily to be recorded in the third and fourth quarters of 2025. The company anticipates that these layoffs will help save about $40 million in costs annually, and plans to reinvest this saved funds into projects such as product and technology development. Additionally, Bumble raised its second-quarter revenue outlook from a previous forecast of $2.35-2.43 billion to $2.44-2.49 billion.