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Jun 30, 2024
Bumble Q2 2024 Earnings Report
Bumble's revenue increased driven by Bumble app growth and profitability remained strong.
Key Takeaways
Bumble Inc. reported a 3.4% increase in total revenue to $268.6 million for the second quarter of 2024, with Bumble app revenue growing by 4.8% to $218.0 million. The company's net earnings were $37.7 million, and adjusted EBITDA was $75.0 million.
Total revenue increased by 3.4% year-over-year to $268.6 million.
Bumble app revenue increased by 4.8% year-over-year to $218.0 million.
Total paying users increased to 4.1 million, compared to 3.6 million in the prior year.
Net earnings were $37.7 million, compared to $9.3 million in the prior year.
Revenue by Segment
Forward Guidance
Bumble anticipates total revenue between $269 million and $275 million for the third quarter of 2024, including Bumble App revenue of $217 million to $221 million. Adjusted EBITDA is expected to be in the range of $77 million to $80 million. For the full year 2024, Bumble anticipates total revenue year-over-year growth in the range of 1% to 2% and Bumble App revenue year-over-year growth in the range of 1.5% to 2.5%. Adjusted EBITDA margin growth is expected to be at least 200 basis points.
Positive Outlook
- Total Revenue in the range of $269 million to $275 million
- Bumble App Revenue of $217 million to $221 million.
- Adjusted EBITDA in the range of $77 million to $80 million.
- Total Revenue year over year growth in the range of 1% to 2%.
- Bumble App Revenue year over year growth in the range of 1.5% to 2.5%.
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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