Bumble Inc. Stock Price, News & Analysis

Bumble Inc. (NASDAQ: BMBL) announced its Q2 2024 financial results, showing a 3.4% increase in total revenue to $268.6 million. Bumble app revenue rose by 4.8% to $218 million, while Badoo app and other revenue decreased by 2.2% to $50.6 million. Total paying users increased to 4.1 million, but average revenue per paying user (ARPPU) dropped to $21.37 from $23.23.

The company reported net earnings of $37.7 million (14.0% of revenue), up from $9.3 million (3.6%) in Q2 2023. Adjusted EBITDA was $75 million (27.9% of revenue), compared to $67.3 million (25.9%) last year. The balance sheet shows $286.7 million in cash and $618.9 million in total debt.

Bumble projects Q3 2024 revenue between $269 million and $275 million, with an adjusted EBITDA of $77 million to $80 million. For the full year 2024, the company expects a 1% to 2% increase in total revenue and a 200 basis point growth in adjusted EBITDA margin.

Bumble Inc. (NASDAQ: BMBL) has announced that it will release its second quarter 2024 financial results on Wednesday, August 7, 2024, after the market closes. The company will host a live webcast conference call at 4:30 p.m. Eastern Time on the same day to discuss the results.

Investors and interested parties can access the webcast, earnings release, and related materials through the Investors section of Bumble's official website at https://ir.bumble.com. A replay of the webcast will be made available approximately two hours after the live event concludes.

Bumble Inc. has promoted Elizabeth Monteleone to Chief Legal Officer. Monteleone, who has been with the company since 2018, has played a key role in shaping Bumble's legal and compliance functions. She has spearheaded various public policy initiatives, including laws to reduce digital harassment and support reproductive rights. As Chief Legal Officer, Monteleone will collaborate with the Board of Directors and Executive Leadership Team to strengthen legal and compliance teams globally. CEO Lidiane Jones praised Monteleone's expertise and dedication. Monteleone expressed pride in her past contributions and enthusiasm for her new role.

Bumble (NASDAQ: BMBL) has announced plans to acquire Geneva, a group and community app designed for connecting people based on common interests. Founded as a connection company, Bumble aims to enhance its Bumble For Friends platform by expanding from one-to-one friendships to community-based interactions. Bumble’s portfolio includes Bumble, Badoo, Fruitz, Official, Bumble For Friends, and Bumble Bizz, offering diverse connection opportunities. The acquisition aligns with Bumble's mission to foster healthy relationships and create safe spaces for connection. The deal is expected to close in Q3 2024, pending customary conditions.

Bumble Inc. (NASDAQ: BMBL) reported a 10.2% increase in total revenue to $267.8 million in the first quarter of 2024. Net earnings were $33.9 million, with adjusted EBITDA at $74.0 million. Bumble App revenue grew by 11.1% to $215.8 million. Total paying users increased to 4.0 million, resulting in a decrease in average revenue per user to $21.84. The company also announced an increase in its share repurchase program to $450 million.

Bumble Inc. (NASDAQ: BMBL) will participate in two upcoming investor conferences: J.P. Morgan Global Technology, Media and Communications Conference on May 20, 2024, in Boston, MA, and Bank of America Global Technology Conference on June 4, 2024, in San Francisco, CA. The fireside chats will be accessible via live audio webcast on the Company's website.

Bumble, the women-first dating app, has unveiled new features, an updated brand identity, and design to give women more control over their dating lives. The app introduces Opening Moves, a new way for women to initiate connections, updates dating intentions badges, improves compatibility algorithms, and enhances profile curation. Bumble aims to offer a better dating experience for women by prioritizing empowerment, choice, and community feedback.