Bumble: Q4 Earnings Insights
Portfolio Pulse from Benzinga Insights
Bumble (NASDAQ:BMBL) reported Q4 earnings with an EPS of $-0.19, missing estimates by -273.0% against an expected $0.11. Revenue increased by $32.01 million from the same period last year. In the previous quarter, BMBL beat EPS estimates by $0.05, leading to a 3.0% share price increase the next day.
February 27, 2024 | 9:25 pm
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Bumble reported a significant miss in Q4 earnings with an EPS of $-0.19, vastly underperforming against the expected $0.11. However, revenue saw a year-over-year increase of $32.01 million.
The significant miss in earnings per share (EPS) is likely to negatively impact investor sentiment and Bumble's stock price in the short term, especially considering the stock's positive reaction to the previous quarter's earnings beat. The increase in revenue may provide some cushion, but the extent of the miss in EPS expectations is a strong negative signal.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100