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Mar 31, 2024
Bumble Q1 2024 Earnings Report
Reported solid Q1 2024 financial results, making progress on plans to unlock Bumble’s next phase of growth.
Key Takeaways
Bumble Inc. reported a 10% increase in total revenue to $268 million for Q1 2024. Bumble app revenue increased by 11% to $216 million, and paying users grew by 18% to 2.7 million. The company's net earnings were $33.9 million, with an adjusted EBITDA of $74.0 million.
Total revenue increased by 10% to $268 million.
Bumble App revenue increased by 11% to $216 million.
Total paying users increased to 4.0 million, compared to 3.5 million.
Net earnings were $33.9 million, compared to a net loss of $2.3 million.
Revenue by Segment
Forward Guidance
Bumble anticipates for the second quarter ending June 30, 2024: Total Revenue in the range of $269 million to $275 million, which includes Bumble App Revenue of $218 million to $222 million. Adjusted EBITDA in the range of $69 million to $73 million. For full year 2024: Total Revenue year over year growth in the range of 8% to 11%. Bumble App Revenue year over year growth in the range of 9% to 11%. Adjusted EBITDA margin growth of at least 300 basis points.
Positive Outlook
- Total Revenue in the range of $269 million to $275 million for Q2 2024.
- Bumble App Revenue of $218 million to $222 million for Q2 2024.
- Adjusted EBITDA in the range of $69 million to $73 million for Q2 2024.
- Total Revenue year over year growth in the range of 8% to 11% for full year 2024.
- Bumble App Revenue year over year growth in the range of 9% to 11% for full year 2024.
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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