Bumble Inc.
- Bumble Inc decreased 1.8% to $17.67 after the online dating platform reported better-than-expected revenue and earnings in the second quarter.
Total revenue in the second quarter increased to $259.7 million from $219.2 million and net income swung to $6.7 million from a loss of $3.4 million and diluted earnings per share was 5 cents compared to (3 cents) a year ago.
However, the company's current quarter adjusted earnings outlook fell short of some investors.
Bumble forecasted third quarter revenue between $274 million and $280 million and adjusted operating earnings between $71 million and $73 million.
The company forecasted total 2023 revenue between $1.05 billion and $1.07 billion and adjusted operating earnings margin growth of at least 100 basis points.
Aug 9, 2023
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