$BMBL Beats Q2 Estimates but Issues Weak Q3 Guidance

Bumble reported mixed Q2 results:
Revenue: $210.5M vs. $210M estimated, down 15.2% YoY
Adjusted EBITDA: $72.9M vs. $68.2M estimated, down 23% YoY
Net loss: $127.9M , including a $169.3M impairment charge
Paying users: 3.2M , down 16.4% YoY
ARPPU: $21.96 , up 1.2% YoY
For Q3, $BMBL expects revenue of $205M–$213M and adjusted EBITDA of $56M–$60M , both below Wall Street estimates.
Management said it is increasing investment in products, technology and branding to support its long-term growth strategy.