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.
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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.