Bumble Inc cut its full-year revenue forecast on Wednesday, taking a hit from the war in Ukraine while also grappling with stiff competition from rivals such as Match Group Inc in the online dating market. Shares of Austin, Texas-based Bumble fell nearly 13% in after-hours trading, as its current-quarter forecast also remained below Wall Street estimates. While Bumble has experienced a surge in popularity, its other dating app, Badoo, which is mostly used in Western Europe by the urban middle class segment, remains under pressure.

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