Bumble said Tuesday that it will discontinue its operations in Russia and remove all of its dating apps from the App Store and the Google Play Store in Russia and Belarus
Bumble said it expects a loss in revenue of about $20 million for the year stemming from the conflict.Bumble Inc. said Tuesday it will discontinue its operations in Russia and remove all of its dating apps from Apple Inc.'s App Store and Alphabet Inc.'s Google Play Store in Russia and Belarus.
The company behind the eponymous app and Badoo said it expects a loss in revenue of about $20 million for the year stemming from the conflict involving Russia, Ukraine and Belarus and its subsequent actions. The Badoo app is Bumble’s more popular offering in the region. In 2021, the combined revenue of Russia, Ukraine and Belarus made up 2.8% of its total revenue, with almost all of it coming from the Badoo app and other revenue. The region made up less than 0.1% of the Bumble app’s revenue.
Bumble’s shares rose more than 19% in after-hours trading after the company posted better-than-expected paying user trends in the fourth quarter.