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Jun 30, 2023
Bumble Q2 2023 Earnings Report
Bumble Inc. reported an increase in total revenue and Bumble app revenue, along with a rise in paying users. Net earnings were positive compared to a net loss in the same quarter last year.
Key Takeaways
Bumble Inc. announced strong second-quarter results, with total revenue increasing by 18% to $260 million and Bumble app revenue growing by 23% to $208 million. The company also saw a 28% increase in Bumble app paying users, reaching 2.5 million. Net earnings were reported at $9.3 million, a significant improvement from the previous year's net loss.
Total revenue increased by 18.5% to $259.7 million.
Bumble app revenue grew by 23.4% to $208.0 million.
Total paying users increased to 3.6 million.
Net earnings were $9.3 million, compared to a net loss of $5.0 million in the prior year.
Revenue by Segment
Forward Guidance
Bumble anticipates Total Revenue, Adjusted EBITDA and Adjusted EBITDA margin for the third quarter ending September 30, 2023 and full year ending December 31, 2023 to be:
Positive Outlook
- Total Revenue in the range of $274 million to $280 million for Q3 2023.
- Bumble App Revenue of $221 million to $225 million for Q3 2023.
- Adjusted EBITDA in the range of $71 million to $73 million for Q3 2023.
- Total Revenue in the range of $1,055 million to $1,072 million for full year 2023.
- Bumble App Revenue of $852 million to $863 million for full year 2023.
Challenges Ahead
- Actual results may differ materially from Bumble’s financial outlook as a result of various factors.
- The non-GAAP adjustment for stock-based compensation expense requires additional inputs that are not currently ascertainable.
- The non-GAAP adjustment for certain legal, tax and regulatory reserves and expenses depends on the timing and magnitude of these expenses and cannot be accurately forecasted.
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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