Bumble Inc

BMBL

Equity

ISIN US12047B1052 / Valor 59496634

NASDAQ (2024-09-17)

USD 6.31+1.94%

Bumble Inc
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About company

Bumble Inc is a social networking company that operates the dating app Bumble, as well as other platforms such as Badoo and Bumble BFF.

Summarized from source with an LLMView SourceSector: Technology

Total Revenue

Bumble Inc. reported a total revenue increase of 3.4% to $268.6 million for the second quarter of 2024, compared to $259.7 million in the same period of 2023. This growth includes an unfavorable impact of $3.4 million from foreign currency movements year over year.

Bumble App Revenue

For the second quarter of 2024, Bumble Inc. saw its Bumble App revenue rise by 4.8% to $218.0 million, up from $208.0 million in the second quarter of 2023. This figure also includes an unfavorable impact of $2.5 million due to foreign currency movements year over year.

Paying Users

Bumble Inc. experienced a significant increase in total paying users, reaching 4.1 million in the second quarter of 2024, compared to 3.6 million in the same quarter of the previous year. This growth reflects the company's efforts to enhance user engagement and value.

Net Earnings

In the second quarter of 2024, Bumble Inc. reported net earnings of $37.7 million, which represents 14.0% of revenue. This is a substantial increase from the net earnings of $9.3 million, or 3.6% of revenue, reported in the second quarter of 2023.

Financial Outlook

Looking ahead, Bumble Inc. anticipates total revenue for the third quarter of 2024 to be in the range of $269 million to $275 million. For the full year ending December 31, 2024, the company expects total revenue growth of 1% to 2% year over year, with Bumble App revenue growth projected to be between 1.5% and 2.5%.

Summarized from source with an LLMView Source

Key figures

-59.6%1Y

-88.3%3Y

%5Y

Performance

56.7%1Y

67.2%3Y

67.0%5Y

Volatility