Bumble Projects Q3 2024 Revenue Of $269M-$275M Vs $273M Est., Bumble App Revenue Of $217M-$221M, Adjusted EBITDA Of $77M-$80M; FY 2024 Revenue Growth Of 1%-2%, Bumble App Revenue Growth Of 1.5%-2.5%, Adjusted EBITDA Margin Growth Of 200 Basis Points
Portfolio Pulse from Benzinga Newsdesk
Bumble projects Q3 2024 revenue between $269M and $275M, slightly below the $273M estimate. Bumble App revenue is expected to be $217M-$221M, with adjusted EBITDA of $77M-$80M. For FY 2024, Bumble forecasts revenue growth of 1%-2%, Bumble App revenue growth of 1.5%-2.5%, and adjusted EBITDA margin growth of 200 basis points.
August 07, 2024 | 8:08 pm
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Bumble's Q3 2024 revenue projection of $269M-$275M is slightly below the $273M estimate. The company also forecasts modest revenue growth for FY 2024.
Bumble's revenue projection for Q3 2024 is slightly below the market estimate, which may lead to a neutral short-term impact on the stock price. The modest revenue growth forecast for FY 2024 suggests limited upside potential.
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IMPORTANCE 80
RELEVANCE 100