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 - Bumble Inc jumped 8.1% to $19.06 after the online dating app operator reported strong activities on its platform.
Total revenue in the first quarter increased 15.7% to $242.9 million from $210.0 million and the company swung to a net loss of $2.3 million from a profit of $23.7 million and diluted earnings per share fell to ($0.01) from 12 cents a year ago.
Bumble App revenue rose 25.9% from a year ago to $194.3 million and Badoo App and other revenue declined 12.6% to $48.7 million.
The company forecasted second quarter total revenue in the range of $254 million to $258 million and Bumble App revenue of $205 million to $208 million.
For the full-year 2023, the company estimated total revenue to grow between 16% to 19% and Bumble App revenue growth in the range of 22% to 25%.
May 5, 2023
| Year | Q1 | Q2 | Q3 | Q4 | Annual | |
|---|---|---|---|---|---|---|
| 2023 | -0.01 | 0.05 | 0.12 | - | - | |
| 2022 | 0.13 | -0.03 | 0.14 | -0.86 | -0.62 | |
| 2021 | 1.69 | -0.06 | -0.06 | -0.12 | 1.45 | |
| 2020 | - | - | - | - | -0.04 | |
| 2019 | - | - | - | - | - |