By Sohini Podder
(Reuters) – Bumble Inc on Wednesday said it expects pent up demand from people who had been avoiding dating in person due to the COVID-19 pandemic, after it reported a bigger-than-expected rise in fourth-quarter revenue.
Dating apps have benefited from social distancing restrictions that made people yearn for company as casual gatherings with friends and family became a rarity.
The company said it will build its friendship product Bumble BFF beyond its minimum viable offering as it expects friendships and platonic relationships at large to be a massive opportunity going forward.
Texas-based Bumble expects current quarter revenue to be in the range of $163 million and $165 million.
Bumble boasted of 12.7% of …
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