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Bumble Inc. (Symbol: BMBL) is a prominent player in the online dating and networking space. Founded by Whitney Wolfe Herd in 2014, Bumble offers a unique platform where users can connect for dating, friendship, and professional networking. This innovation began shortly after Wolfe Herd's departure from Tinder, marking a new chapter in online relationship building. As of January 2021, Bumble holds the position of the second-most popular dating app in the U.S., boasting a monthly user base of 42 million.
What sets Bumble apart is its focus on empowering women. On Bumble, women make the first move, a feature designed to counteract the imbalances often found in online dating. The app's user base is diverse, with 46.2% of its users being female, according to a 2016 survey.
The company's reach extends globally, serving over 55 million users in 150 countries as of 2019. This extensive user base and the company's continued innovations have propelled Bumble's valuation to over $1 billion by 2017, according to Forbes.
Bumble Inc. operates two main applications: Bumble and Badoo. Bumble focuses on creating connections for dating, friendships, and professional networking, while Badoo is a social discovery app. These platforms attract millions of users every month, seeking to discover new people and build connections.
Financially, Bumble has shown impressive growth and resilience in a competitive market. The company's performance and recent achievements highlight its ability to adapt and expand its offerings, ensuring a steady rise in user engagement and market valuation.
Bumble Inc. continues to evolve with current projects aimed at enhancing user experience and expanding its global footprint. Strategic partnerships and innovative features remain at the forefront of Bumble's operations, driving its mission to create a safer and more empowering online space for connections of all kinds.
Bumble Inc. (NASDAQ: BMBL) announced third-quarter 2024 results, revealing a 1% decrease in total revenue to $274 million. Bumble App revenue also fell by 1% to $220 million, despite a 10% increase in paying users to 2.9 million. Total paying users rose to 4.3 million, but average revenue per paying user (ARPPU) dropped to $21.17 from $23.42. The company reported a net loss of $849.3 million, driven by $892.2 million in non-cash impairment charges. Adjusted EBITDA improved to $82.6 million, representing 30.2% of revenue. Bumble repurchased $89.7 million in shares during Q3 and $30 million in October, leaving $89 million available for repurchase. The financial outlook for Q4 2024 projects total revenue between $256 million and $262 million, with Bumble App revenue between $207 million and $211 million. For the full year 2024, total revenue is expected to range from $1,066 million to $1,072 million, with an adjusted EBITDA margin growth of at least 200 basis points.
Bumble Inc. (NASDAQ: BMBL) has announced that it will release its third quarter 2024 financial results on Wednesday, November 6, 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. For those unable to attend the live event, a webcast replay will be made available approximately two hours after the call concludes.
Bumble Inc. (NASDAQ: BMBL) has announced its participation in two upcoming investor conferences. The company will be present at the Citi Global TMT Conference in New York on September 5, 2024, with a fireside chat scheduled for 10:50 a.m. ET. Additionally, Bumble will participate in the Goldman Sachs Communacopia + Technology Conference in San Francisco on September 9, 2024, with a fireside chat at 3:05 p.m. PT.
Both conference fireside chats will be accessible via live audio webcast on the Investors section of Bumble's website at https://ir.bumble.com. This announcement demonstrates Bumble's commitment to engaging with investors and sharing insights about the company's performance and strategy.
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.
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