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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 announced its acquisition of Fruitz, a rapidly growing dating app in Europe, particularly among Gen Z users. Launched in 2017, Fruitz has expanded its presence across several European countries and Canada. The acquisition aims to integrate Fruitz into Bumble's technology and marketing platforms, aiming to enhance user experience and accelerate growth. Both Fruitz's founders will continue to lead the app, aligning with Bumble's mission to foster healthy relationships.
Bumble Inc. (NASDAQ: BMBL) will participate in investor conferences with virtual fireside chats scheduled. The first is at the RBC Capital Markets Global Technology Conference on November 16, 2021, at 10:00 a.m. ET. The second is at the Nasdaq 45th Investor Conference on December 2, 2021, at 12:30 p.m. ET. These events will be available live and archived on Bumble’s investor relations website.
Bumble is renowned for its unique approach to dating, empowering women in the dating sphere through its apps, Bumble and Badoo.
Bumble Inc. (NASDAQ: BMBL) reported a 24% increase in total revenue, reaching $200.5 million for Q3 2021, with Bumble App revenue soaring 39% to $142.5 million. The number of total paying users rose to 2.9 million, and average revenue per paying user increased to $22.97. Despite a net loss of $10.7 million, adjusted EBITDA grew to $54.5 million, accounting for 27.2% of revenue. Bumble raised its full-year 2021 revenue outlook to $765-$768 million, supported by strong user engagement and market expansion efforts.
Bumble Inc. (NASDAQ: BMBL) will release its third-quarter financial results on November 10, 2021, after market close. A conference call is scheduled for 4:30 p.m. ET, where investors can dial in for insights. Bumble, which encompasses dating platforms Bumble and Badoo, aims to foster healthy relationships. Founded by Whitney Wolfe Herd in 2014, Bumble focuses on women-centric dating, while Badoo has been a dating pioneer since 2006. The company employs over 800 staff across multiple global locations.
Bumble Inc. (BMBL) announced a secondary offering of 18 million shares of its Class A common stock at $54.00 per share, with closing expected on September 15, 2021. The shares are being sold by Blackstone-affiliated stockholders, and Bumble will not receive proceeds from this offering. Additionally, underwriters have a 30-day option to purchase up to 2.7 million additional shares. Bumble will cover costs associated with the sale, excluding underwriting discounts.
Goldman Sachs and Citigroup are managing the offering.
Bumble (BMBL) announced an underwritten public offering of 15 million shares of its Class A common stock by selling stockholders affiliated with Blackstone. An additional 2.25 million shares may be purchased by underwriters within 30 days. Bumble will not sell any shares or receive proceeds from this offering, although it will cover certain costs related to the sale. Goldman Sachs and Citigroup lead the underwriters. The registration statement is pending effectiveness, and the offering will only be made via a prospectus.
Bumble Inc. (NASDAQ: BMBL) reported a 38% increase in total revenue for Q2 2021, reaching $186.2 million. Revenue from the Bumble app surged 55% to $127.3 million, while Badoo app revenue grew 11% to $58.9 million. The company also reported a 20% rise in total paying users to 2.9 million and an increase in average revenue per paying user (ARPPU) to $20.88. Despite a net loss of $11.1 million, adjusted EBITDA improved to $51.9 million. Bumble raised its full-year outlook, predicting revenue between $752 to $762 million.
Bumble Inc. (BMBL) will announce its second-quarter financial results for the period ending June 30, 2021, on August 11, 2021, after market close. A conference call will follow at 4:30 p.m. ET. Interested parties can join the call by dialing (833) 362-0206 or (914) 987-7675 with access code 5974259. Bumble, known for its dating apps Bumble and Badoo, aims to foster healthy relationships and has over 800 employees across multiple global offices. For further information, visit their investor website.
Bumble Inc. (NASDAQ: BMBL) announced its participation in several upcoming investor conferences. The events include the Evercore ISI Technology, Media, and Telecom Conference on June 8, 2021, the Stifel 2021 Virtual Cross Sector Insight Conference on June 10, 2021, and the Goldman Sachs Disruptive Technology Symposium on June 15, 2021. Each fireside chat will be available via live audio webcast, and recordings will be accessible through Bumble's investor relations website. Bumble is known for its dating apps Bumble and Badoo, focusing on empowering women in online dating.
Bumble Inc. (NASDAQ: BMBL) announced its participation in upcoming investor conferences, including the J.P. Morgan 49th Annual Global Technology, Media and Communications Conference on May 25, 2021, and the Cowen 49th Annual Technology, Media and Telecom Conference on June 2, 2021. Both events will feature virtual fireside chats, accessible via live audio webcast and archived replay on Bumble's investor relations website. Bumble, the parent company of the Bumble and Badoo dating apps, focuses on fostering equitable relationships and has over 700 employees across various global offices.
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