Bumble Inc. Stock Price, News & Analysis

Bumble Inc. (NASDAQ: BMBL) reported strong financial results for Q4 and full-year 2021, with total revenue reaching $765.7 million. Q4 revenue rose 42% to $150.5 million from the Bumble App, alongside a 29% increase in paying users to 1.6 million. The company also noted a net loss of $14.7 million, a significant improvement from the previous year. Bumble is discontinuing operations in Russia, impacting revenue by approximately $20 million for 2022. The forecast for Q1 2022 expects $207 to $210 million in revenue.

Bumble Inc. (NASDAQ: BMBL) has announced its participation in the Morgan Stanley Technology, Media & Telecom Conference in San Francisco on March 10, 2022, at 12:45 p.m. ET. The management will engage in a fireside chat, with a live audio webcast available for listeners. Bumble, the parent company of Bumble, Badoo, and Fruitz, focuses on fostering equitable relationships through its platforms. Founded in 2014 by CEO Whitney Wolfe Herd, Bumble emphasizes female empowerment in dating and has growing operations in various global locations, employing over 800 staff.

Bumble Inc. (NASDAQ: BMBL) will release its fourth-quarter and full-year financial results for the period ending December 31, 2021, on March 8, 2022, after market close. A conference call will be held at 4:30 p.m. ET the same day, where stakeholders can listen in via phone or webcast. The earnings release and related materials will be available on the company's investor website. Bumble, the parent company of Bumble, Badoo, and Fruitz, focuses on facilitating equitable relationships through its platforms.

Bumble Inc. (Nasdaq: BMBL) has announced its acquisition of Fruitz, a rapidly growing dating app in Europe, particularly among Gen Z users. Launched in 2017, Fruitz has expanded its presence across several European countries and Canada. The acquisition aims to integrate Fruitz into Bumble's technology and marketing platforms, aiming to enhance user experience and accelerate growth. Both Fruitz's founders will continue to lead the app, aligning with Bumble's mission to foster healthy relationships.

Bumble Inc. (NASDAQ: BMBL) will participate in investor conferences with virtual fireside chats scheduled. The first is at the RBC Capital Markets Global Technology Conference on November 16, 2021, at 10:00 a.m. ET. The second is at the Nasdaq 45th Investor Conference on December 2, 2021, at 12:30 p.m. ET. These events will be available live and archived on Bumble’s investor relations website.

Bumble is renowned for its unique approach to dating, empowering women in the dating sphere through its apps, Bumble and Badoo.

Bumble Inc. (NASDAQ: BMBL) reported a 24% increase in total revenue, reaching $200.5 million for Q3 2021, with Bumble App revenue soaring 39% to $142.5 million. The number of total paying users rose to 2.9 million, and average revenue per paying user increased to $22.97. Despite a net loss of $10.7 million, adjusted EBITDA grew to $54.5 million, accounting for 27.2% of revenue. Bumble raised its full-year 2021 revenue outlook to $765-$768 million, supported by strong user engagement and market expansion efforts.

Bumble Inc. (NASDAQ: BMBL) will release its third-quarter financial results on November 10, 2021, after market close. A conference call is scheduled for 4:30 p.m. ET, where investors can dial in for insights. Bumble, which encompasses dating platforms Bumble and Badoo, aims to foster healthy relationships. Founded by Whitney Wolfe Herd in 2014, Bumble focuses on women-centric dating, while Badoo has been a dating pioneer since 2006. The company employs over 800 staff across multiple global locations.

Bumble Inc. (BMBL) announced a secondary offering of 18 million shares of its Class A common stock at $54.00 per share, with closing expected on September 15, 2021. The shares are being sold by Blackstone-affiliated stockholders, and Bumble will not receive proceeds from this offering. Additionally, underwriters have a 30-day option to purchase up to 2.7 million additional shares. Bumble will cover costs associated with the sale, excluding underwriting discounts.

Goldman Sachs and Citigroup are managing the offering.

Bumble (BMBL) announced an underwritten public offering of 15 million shares of its Class A common stock by selling stockholders affiliated with Blackstone. An additional 2.25 million shares may be purchased by underwriters within 30 days. Bumble will not sell any shares or receive proceeds from this offering, although it will cover certain costs related to the sale. Goldman Sachs and Citigroup lead the underwriters. The registration statement is pending effectiveness, and the offering will only be made via a prospectus.