Bumble’s paying users dropped in Q2, leading to an 8% share slump. The app is using AI to combat “dating fatigue,” but analysts say it lags behind Tinder. Total paying users fell to 3.8 million. The company posted a $367.0 million net loss, with a new CFO appointed. Revenue was $248.2 million.

Despite challenges, Bumble introduces a coaching hub and a new BFF app to attract Gen Z users. The company aims to foster real connections with offline events. Kevin Cook is set to become CFO, succeeding interim CFO Ronald Fior. Bumble forecasts Q3 revenue between $240-248 million, exceeding estimates.

Read more at Yahoo Finance: Bumble’s paying user drop sparks concerns over pace of AI-driven revamp