Wolfe Herd's return comes at a critical time for Bumble, as the company is experiencing sluggish growth, seen in its 1% revenue decline to $274 million.
It's not uncommon for founders to return as CEOs, as they are often closely connected to the company's mission and culture, inspiring investor confidence.
Wolfe Herd will succeed Lidiane Jones, who has left for 'personal reasons,' and continue guiding Bumble amid its leadership transition.
Bumble has indicated it expects to report app revenue 'above the midpoints of the previously provided outlook ranges' for the upcoming fourth quarter.
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