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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) has priced a secondary offering of 13.75 million shares of its Class A common stock at $22.80 per share, being offered by stockholders affiliated with Blackstone Inc. and founder Whitney Wolfe Herd. The underwriters have a 30-day option to purchase an additional 2.06 million shares. Bumble will not sell any shares or receive proceeds from the offering, but will cover costs related to the sale. The offering is set to close on March 8, 2023, subject to customary conditions. Citigroup and Goldman Sachs are the joint lead book-running managers.
Bumble Inc. (Nasdaq: BMBL) announced an underwritten public offering of 12,500,000 shares of its Class A common stock by certain selling stockholders, including affiliates of Blackstone Inc.. The offering is conducted under an effective shelf registration statement filed with the SEC on March 2, 2023. Blackstone has the option to purchase an additional 1,875,000 shares within 30 days. Bumble will not sell shares or receive proceeds but will bear the associated costs except for underwriting discounts. Citigroup and Goldman Sachs are the lead underwriters.
Bumble Inc. (NASDAQ: BMBL), the parent company of popular dating platforms Bumble, Badoo, and Fruitz, will participate in the Morgan Stanley Technology, Media & Telecom Conference in San Francisco on March 6, 2023. A fireside chat featuring company management will take place at 2:05 p.m. PT and will be available via a live audio webcast on Bumble's investor relations website.
The company, founded in 2014 by CEO Whitney Wolfe Herd, focuses on enabling equitable relationships through its platforms, including Bumble Date, Bumble BFF, and Bumble Bizz.
Bumble Inc. (NASDAQ: BMBL) announced its fourth quarter and full year 2022 financial results, reporting a total revenue of $903.5 million, up 19% year-over-year. The fourth quarter saw a 16.7% revenue increase to $241.6 million, despite a $12.7 million adverse impact from foreign currency. Bumble App revenue surged 27.7% to $190.8 million with paying users increasing 35% to 2.2 million. However, net loss widened to $159.2 million, compared to a loss of $13.9 million in Q4 2021. The company anticipates Q1 2023 revenue between $238 million and $243 million amid ongoing foreign currency challenges.
Bumble Inc. (NASDAQ: BMBL) will report its financial results for the fourth quarter and full year ending December 31, 2022, after market close on February 22, 2023. A live webcast of the conference call will follow at 4:30 p.m. ET. Investors can access the earnings release and related materials on the Investors section of Bumble's website. Bumble, founded in 2014 by Whitney Wolfe Herd, focuses on building equitable relationships through its platforms: Bumble, Badoo, and Fruitz. Through these services, the company connects users for dating, friendship, and professional networking.
Bumble Inc. (NASDAQ: BMBL) announced its participation in the Raymond James Technology Investors Conference on December 7, 2022. Management will engage in a fireside chat scheduled for 9:10 a.m. ET. The event will be accessible via live audio webcast on the company's investor website.
As the parent company of Bumble, Badoo, and Fruitz, Bumble Inc. focuses on fostering equitable relationships through various platforms including dating, friendship, and professional networking.
Bumble Inc. (BMBL) reported a 17% increase in total revenue for Q3 2022, totaling $233 million. The Bumble app revenue rose 28% to $181 million, with paying users increasing by 36% to 2.1 million. Net earnings reached $26 million, while adjusted EBITDA was $62 million. Despite foreign currency challenges impacting revenues, the company remains optimistic about future growth. For Q4 2022, Bumble anticipates total revenue between $232 million and $237 million.
Bumble Inc. (NASDAQ: BMBL) will release its third-quarter financial results for the period ending September 30, 2022, on November 9, 2022. The announcement will follow the market close, with a live conference call scheduled for 4:30 p.m. ET to discuss the results. Investors can access the earnings release and related materials on the Company's Investor website, and a replay of the webcast will be available shortly after the live event.
Bumble Inc. (NASDAQ: BMBL) will participate in the Goldman Sachs Communacopia + Technology Conference on September 12, 2022, at 3:45 p.m. PT in San Francisco. The event will feature a fireside chat with company management, accessible via a live audio webcast on the investor section of Bumble's website.
Founded by Whitney Wolfe Herd in 2014, Bumble promotes equitable relationships with its apps Bumble, Badoo, and Fruitz, each designed to foster healthy connections.
Bumble Inc. (NASDAQ: BMBL) announced its participation in the Evercore ISI 2nd Annual Technology Conference in New York on September 7, 2022. The management will engage in a fireside chat at 1:30 p.m. ET, which will be accessible via live audio webcast on the Company’s investor website.
Bumble, founded by Whitney Wolfe Herd in 2014, focuses on empowering women in dating. Its subsidiaries, Badoo and Fruitz, offer unique approaches to online dating. For more details, visit their website.
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