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Mar 31, 2023
Bumble Q1 2023 Earnings Report
Bumble Inc. reported solid revenue growth and strong Bumble App paying user additions.
Key Takeaways
Bumble Inc. announced its Q1 2023 results, with total revenue increasing by 15.7% to $242.9 million and Bumble App revenue growing by 25.9% to $194.3 million. The company's Board of Directors approved a $150 million share repurchase program.
Total revenue increased by 15.7% to $242.9 million.
Bumble App revenue grew by 25.9% to $194.3 million.
Total Paying Users increased to 3.5 million.
The Board of Directors approved a share repurchase program of up to $150 million.
Revenue by Segment
Forward Guidance
Bumble anticipates Total Revenue, Adjusted EBITDA and Adjusted EBITDA margin for the second quarter ending June 30, 2023 and full year ending December 31, 2023 to be:
Positive Outlook
- Second quarter 2023 Total Revenue in the range of $254 million to $258 million
- Second quarter 2023 Bumble App Revenue of $205 million to $208 million.
- Second quarter 2023 Adjusted EBITDA in the range of $62 million to $64 million.
- Full year 2023 Total Revenue year over year growth in the range of 16% to 19%.
- Full year 2023 Bumble App Revenue year over year growth in the range of 22% to 25%.
Challenges Ahead
- Actual results may differ materially from Bumble’s financial outlook
- Our ability to retain existing users or attract new users and to convert users to paying users
- Competition and changes in the competitive landscape of our market
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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