Streetbeat News

BMBL

Bumble Inc.

Industry

Software - Application

Bumble Inc. provides online dating and social networking platforms in North America, Europe, internationally. It owns and operates websites and applications that offers subscription and in-app purchases dating products. The company operates two apps, Bumble and Badoo with approximately 40 million users on monthly basis, as well as Fruitz, an online dating app. Bumble Inc. was founded in 2014 in and is headquartered in Austin, Texas.

Open

7.83

Mkt cap

Volume

2.9M

High

8.14

P/E Ratio

23.74

52-wk high

15.90

Low

7.83

Div yield

N/A

52-wk low

4.80

Bumble reported a 21% increase in its paying users for Q4, reaching 2.7 million, with a growth of 83,000 users compared to the previous quarter.

Portfolio Pulse from Benzinga Newsdesk

February 27, 2024 | 9:51 pm

Bumble Inc. (NASDAQ:BMBL) reported Q4 financial results with a loss of 19 cents per share, missing the analyst consensus of 12 cents. Quarterly sales were $273.64 million, below the expected $275.29 million. The company announced a workforce reduction of 350 roles, expecting charges of $20-$25 million, mainly in the first half of 2024. Bumble anticipates Q1 revenue between $262-$268 million and full-year 2024 revenue growth of 8%-11%. Shares dropped 6.68% after-hours to $12.30.

Portfolio Pulse from Erica Kollmann

February 27, 2024 | 9:33 pm

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.

Portfolio Pulse from Benzinga Insights

February 27, 2024 | 9:25 pm

Bumble (NASDAQ:BMBL) reported Q4 2023 GAAP EPS of $(0.19), missing the $0.12 estimate, with sales of $273.64M also missing the $275.29M estimate. This represents a 13.25% increase in sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

February 27, 2024 | 9:18 pm

Portfolio Pulse from Benzinga Newsdesk

February 27, 2024 | 2:15 pm

Numerous companies are scheduled to report their earnings on February 27, 2024, covering a wide range of industries from technology and healthcare to energy and financial services. The report includes a mix of expected quarterly losses and earnings, highlighting the diverse financial health and performance outlooks within the corporate landscape.

Portfolio Pulse from Benzinga Insights

February 27, 2024 | 10:01 am

Match Group, Inc (NASDAQ:MTCH) stock is trading higher after Elliott Investment Management acquired a $1 billion stake in the company. Elliott plans to engage with Match Group to discuss strategies for improving performance. Match Group, which owns Tinder, Hinge, OkCupid, and Plenty of Fish, has faced challenges such as a decline in paying users, causing its stock value to dip. Despite this, Match Group has seen revenue growth, with Tinder generating $1.8 billion in 2022. The company remains optimistic about its long-term plans, including Hinge's potential to reach $1 billion in revenue. Match Group's stock outperformed Bumble Inc (NASDAQ:BMBL) and Grindr Inc (NYSE:GRND) last year, losing less value.

Portfolio Pulse from Anusuya Lahiri

January 09, 2024 | 4:16 pm

KeyBanc analyst Justin Patterson provided updates on several app and entertainment companies. Netflix (NFLX) and Spotify (SPOT) are favored for their pricing power and product leadership, with Netflix's price target raised to $525 and Spotify's maintained at $255. Duolingo (DUOL) is rated Sector Weight with potential for future price increases. Match Group (MTCH) has a lowered price target of $48 due to concerns over its pricing strategy. Bumble (BMBL) retains an Overweight rating and $20 price target, with unchanged estimates. Patterson sees Spotify as his top pick, with Netflix expected to have low-teens revenue growth and raised EPS estimates for 2024 and 2025.

Portfolio Pulse from Anusuya Lahiri

December 28, 2023 | 7:33 pm

Grindr Inc (NYSE:GRND) has announced a partnership with AI leader Ex-Human to enhance user experience on its dating app. The collaboration aims to integrate AI for networking and dating, with prototypes expected in 2024. Grindr, which went public in November 2022, has seen its shares rise over 60% YTD. The move reflects a broader trend of AI integration across various sectors, including online dating, where AI could help with match selection and social interactions.

Portfolio Pulse from Chris Katje

December 16, 2023 | 3:13 pm

Wells Fargo analyst Ken Gawrelski has initiated coverage on Bumble (NASDAQ:BMBL) with an Overweight rating and set a price target of $19 for the company's stock.

Portfolio Pulse from Benzinga Newsdesk

December 07, 2023 | 2:12 pm

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