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Jun 30, 2022
Bumble Q2 2022 Earnings Report
Reported an increase in total revenue and Bumble app revenue, driven by strong paying user growth and global expansion.
Key Takeaways
Bumble Inc. reported strong second-quarter results with an 18% increase in total revenue to $220.5 million and a 33% increase in Bumble App revenue to $169.6 million. The company's growth was driven by a 31% increase in Bumble App paying users, reaching 1.9 million. Adjusted EBITDA exceeded expectations at $54.8 million.
Total revenue increased by 18.4% to $220.5 million.
Bumble App revenue grew by 33.2% to $169.6 million.
Total paying users increased to 3.0 million.
Net loss was $6.4 million, an improvement compared to the previous year.
Revenue by Segment
Forward Guidance
Bumble anticipates Total Revenue and adjusted EBITDA for the third quarter and year ending December 31, 2022.
Positive Outlook
- Total Revenue in the range of $236 million to $240 million for Q3 2022.
- Bumble App Revenue of $184 million to $187 million for Q3 2022.
- Adjusted EBITDA in the range of $58 million to $60 million for Q3 2022.
- Total Revenue in the range of $920 million to $930 million for full year 2022.
- Bumble App year over year revenue growth of 32% to 34% for full year 2022.
Challenges Ahead
- Impact from the conflict in Ukraine of $6 million, primarily in Badoo App and Other Revenue for Q3 2022.
- An estimated unfavorable impact of $12 million from foreign currency movements for Q3 2022.
- Impact from the conflict in Ukraine of $20 million, primarily in Badoo App and Other Revenue for full year 2022.
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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