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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) reported Q2 2022 revenue of $220.5 million, an 18.4% increase year-over-year. Bumble App revenue rose 33.2% to $169.6 million, with paying users growing by 31% to 1.9 million. Total paying users reached 3.0 million, and average revenue per paying user (ARPPU) increased to $23.65. Despite a net loss of $6.4 million, adjusted EBITDA grew to $54.8 million, or 24.8% of revenue. The financial outlook for Q3 2022 predicts total revenue between $236 million and $240 million, and for the full year, $920 million to $930 million, while accounting for foreign currency impacts and increased expenses.
Bumble Inc. (NASDAQ: BMBL) will announce its second-quarter financial results for the period ending June 30, 2022, after market close on August 10, 2022. A live webcast of the conference call will occur at 4:30 p.m. Eastern Time, providing investors with insights into the company's performance. The earnings release and related materials will be accessible in the Investors section of the company’s website. Bumble, established in 2014, prioritizes equitable relationship-building through its platforms, including Bumble, Badoo, and Fruitz.
Bumble Inc. (NASDAQ: BMBL) will participate in the J.P. Morgan 50th Annual Global Technology, Media and Communications Conference on May 23, 2022, at 3:10 p.m. ET. The company’s management will engage in a fireside chat, which will be available via live audio webcast and subsequently archived on Bumble’s investor relations website. Bumble, founded by Whitney Wolfe Herd in 2014, is known for its dating platforms, Bumble, Badoo, and Fruitz, emphasizing equitable relationships and open communication.
Bumble Inc. (NASDAQ: BMBL) reported a 24% increase in total revenue for Q1 2022, reaching $211 million. The Bumble App drove a 38% revenue growth to $155 million, with a 31% rise in paying users to 1.8 million. Despite a decline in Badoo App and Other Revenue down by 4% to $55.8 million, total adjusted EBITDA grew to $49.8 million. The company anticipates Q2 2022 revenue between $218 million and $221 million, influenced by foreign currency impacts and the Ukraine conflict. Bumble's financial outlook reflects strong momentum amidst operational challenges.
Bumble Inc. (NASDAQ: BMBL) announced the availability of its proxy materials for the 2022 Annual Meeting of Stockholders, following the U.S. SEC's Notice and Access rules. The company aims to reduce environmental impact and printing costs by utilizing online proxy materials while still offering printed copies upon request. The Annual Meeting is set for June 7, 2022, at 12:00 p.m. ET, allowing stockholders of Class A or B common stock to participate virtually. Stockholders can access proxy materials at proxyvote.com or Bumble's Investor Relations site.
Bumble Inc. (NASDAQ: BMBL) will announce its financial results for Q1 2022 on May 11, 2022, after market close. The company will host a conference call at 4:30 PM ET, available via phone and webcast. Investors can access the earnings release and related materials on the company’s investor website.
Bumble, which also owns Badoo and Fruitz, focuses on fostering equitable relationships through its platforms, founded by CEO Whitney Wolfe Herd in 2014. More information can be found at www.bumble.com.
Bumble Inc. (NASDAQ: BMBL) reported strong financial results for Q4 and full-year 2021, with total revenue reaching $765.7 million. Q4 revenue rose 42% to $150.5 million from the Bumble App, alongside a 29% increase in paying users to 1.6 million. The company also noted a net loss of $14.7 million, a significant improvement from the previous year. Bumble is discontinuing operations in Russia, impacting revenue by approximately $20 million for 2022. The forecast for Q1 2022 expects $207 to $210 million in revenue.
Bumble Inc. (NASDAQ: BMBL) has announced its participation in the Morgan Stanley Technology, Media & Telecom Conference in San Francisco on March 10, 2022, at 12:45 p.m. ET. The management will engage in a fireside chat, with a live audio webcast available for listeners. Bumble, the parent company of Bumble, Badoo, and Fruitz, focuses on fostering equitable relationships through its platforms. Founded in 2014 by CEO Whitney Wolfe Herd, Bumble emphasizes female empowerment in dating and has growing operations in various global locations, employing over 800 staff.
Bumble Inc. (NASDAQ: BMBL) will release its fourth-quarter and full-year financial results for the period ending December 31, 2021, on March 8, 2022, after market close. A conference call will be held at 4:30 p.m. ET the same day, where stakeholders can listen in via phone or webcast. The earnings release and related materials will be available on the company's investor website. Bumble, the parent company of Bumble, Badoo, and Fruitz, focuses on facilitating equitable relationships through its platforms.
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