Bumble announced that founder Whitney Wolfe Herd will return as CEO, succeeding Lidiane Jones, who is stepping down for personal reasons. \n\nWolfe Herd’s return comes amid sluggish growth, with third-quarter 2024 revenue declining to $274 million despite an increase in paying users to 4.3 million. \n\nThe company also reported a drop in average revenue per paying user. \n\nBumble expects to exceed midpoints of its fourth-quarter revenue outlook, previously projected at $256–$262 million, with adjusted EBITDA of $70–$73 million. \n\nWolfe Herd’s leadership aims to restore investor confidence.