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Mar 31, 2022
Bumble Q1 2022 Earnings Report
Reported strong Q1 2022 results with total revenue increasing by 24% and Bumble App revenue growing by 38%.
Key Takeaways
Bumble Inc. reported a strong first quarter with total revenue increasing by 24% to $211.2 million and Bumble App revenue growing by 38% to $155.4 million. The company exceeded its outlook for revenue and adjusted EBITDA, driven by growth in Bumble App paying users and average revenue per paying user.
Total revenue increased by 23.7% to $211.2 million.
Bumble App revenue grew by 38.0% to $155.4 million.
Total paying users increased to 3.0 million.
Net earnings were $23.9 million.
Revenue by Segment
Forward Guidance
Bumble anticipates Total Revenue and adjusted EBITDA for the second quarter and year ending December 31, 2022.
Positive Outlook
- Total Revenue in the range of $218 million to $221 million for Q2 2022.
- Bumble App Revenue of $167 million to $169 million for Q2 2022.
- Adjusted EBITDA in the range of $51 million to $53 million for Q2 2022.
- Total Revenue in the range of $934 million to $944 million for full year 2022.
- Bumble App year over year revenue growth of 34% to 36% for full year 2022.
Challenges Ahead
- Impact from the conflict in Ukraine of $6 million, primarily in Badoo App and Other Revenue for Q2 2022.
- An unfavorable impact of $9 million from foreign currency movements for Q2 2022.
- Includes $4 million of incremental expenses the company expects to incur from complying with the Google Play billing mandate for Q2 2022.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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