Welcome to our dedicated page for Bumble news (Ticker: BMBL), a resource for investors and traders seeking the latest updates and insights on Bumble stock.
Bumble Inc. (NASDAQ: BMBL) is an online dating and social connection company that operates the Bumble, Badoo, Bumble For Friends, and Geneva apps. This news page aggregates company announcements, earnings releases, and other official updates that shed light on how Bumble is managing its platforms, finances, and strategy within the internet content and information sector.
Recent Bumble Inc. news has focused heavily on quarterly financial results and related commentary from management. The company regularly issues press releases detailing Total Revenue, Bumble App Revenue, Badoo App and Other Revenue, Total Paying Users, and Average Revenue per Paying User (ARPPU). These updates often include management’s discussion of Adjusted EBITDA and other non-GAAP financial measures, along with forward-looking financial outlooks for upcoming quarters.
Investors following BMBL news will also see strategic and corporate developments. Examples in the provided disclosures include the announcement of a global workforce reduction to realign the operating structure, the appointment of a new Chief Financial Officer, and additions to the executive leadership team in technology, communications, and legal roles. Bumble has also announced a Tax Receivable Agreement (TRA) buyout, described as a one-time settlement that terminates future TRA payment obligations and is expected to affect its long-term contractual commitments and cash flow profile.
In addition, Bumble’s news releases highlight its focus on product innovation, AI and machine learning capabilities, and user safety features, particularly as part of its revenue strategy and efforts to improve the quality of its member base. For ongoing insight into Bumble Inc.’s performance and priorities, readers can use this page to follow its earnings announcements, restructuring updates, leadership changes, and other material events as they are disclosed.
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.
Bumble Inc. (NASDAQ: BMBL) reported a 38% increase in total revenue for Q2 2021, reaching $186.2 million. Revenue from the Bumble app surged 55% to $127.3 million, while Badoo app revenue grew 11% to $58.9 million. The company also reported a 20% rise in total paying users to 2.9 million and an increase in average revenue per paying user (ARPPU) to $20.88. Despite a net loss of $11.1 million, adjusted EBITDA improved to $51.9 million. Bumble raised its full-year outlook, predicting revenue between $752 to $762 million.
Bumble Inc. (BMBL) will announce its second-quarter financial results for the period ending June 30, 2021, on August 11, 2021, after market close. A conference call will follow at 4:30 p.m. ET. Interested parties can join the call by dialing (833) 362-0206 or (914) 987-7675 with access code 5974259. Bumble, known for its dating apps Bumble and Badoo, aims to foster healthy relationships and has over 800 employees across multiple global offices. For further information, visit their investor website.
Bumble Inc. (NASDAQ: BMBL) announced its participation in several upcoming investor conferences. The events include the Evercore ISI Technology, Media, and Telecom Conference on June 8, 2021, the Stifel 2021 Virtual Cross Sector Insight Conference on June 10, 2021, and the Goldman Sachs Disruptive Technology Symposium on June 15, 2021. Each fireside chat will be available via live audio webcast, and recordings will be accessible through Bumble's investor relations website. Bumble is known for its dating apps Bumble and Badoo, focusing on empowering women in online dating.
Bumble Inc. (NASDAQ: BMBL) announced its participation in upcoming investor conferences, including the J.P. Morgan 49th Annual Global Technology, Media and Communications Conference on May 25, 2021, and the Cowen 49th Annual Technology, Media and Telecom Conference on June 2, 2021. Both events will feature virtual fireside chats, accessible via live audio webcast and archived replay on Bumble's investor relations website. Bumble, the parent company of the Bumble and Badoo dating apps, focuses on fostering equitable relationships and has over 700 employees across various global offices.
Bumble Inc. (NASDAQ: BMBL) reported strong Q1 2021 results with revenue of $170.7 million, a 116% increase year-over-year. The Bumble app generated $112.6 million, while Badoo and others contributed $58.1 million. Total paying users rose 30% to 2.8 million, with an Average Revenue Per Paying User (ARPPU) of $19.99. Net earnings reached $323.4 million, contrasting with a loss of $55.8 million in Q1 2020. The company expects Q2 2021 revenue between $175 and $178 million and full-year revenue between $724 and $734 million, indicating strong growth potential.
Bumble Inc. (NASDAQ: BMBL), the parent company of Bumble and Badoo, announced it will release its first quarter financial results on May 12, 2021, after market close. A conference call will follow at 4:30 p.m. ET. Bumble is recognized for its unique approach to dating, focusing on empowering women. The company has over 700 employees across its offices in Austin, Barcelona, London, and Moscow. Interested parties can access the earnings release and conference call via the Investors section of their website.
Bumble Inc. (NASDAQ: BMBL) reported strong financial results for Q4 and full year 2020, with a 31% revenue increase to $165.6 million and a 32% rise in total paying users to 2.7 million. The Bumble app revenue surged 47% to $105.8 million, contributing significantly to the overall growth. Despite a net loss of $26.1 million, adjusted EBITDA improved to $44.1 million, marking a 26.6% margin. For 2021, Bumble anticipates revenue between $716 to $726 million and adjusted EBITDA between $173 to $178 million.
Bumble Inc. (NASDAQ: BMBL) will report its financial results for Q4 and the full year ending December 31, 2020, after the market closes on March 10, 2021. The company will conduct a conference call and webcast at 4:30 p.m. ET on the same day. Investors can dial in or access the live webcast on Bumble's investor relations website. Bumble Inc. operates two leading dating apps, Bumble and Badoo, and is dedicated to fostering equitable relationships.