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Sep 30, 2023
Bumble Q3 2023 Earnings Report
Bumble Inc.'s Q3 2023 financial results were announced, demonstrating growth in revenue and users.
Key Takeaways
Bumble Inc. reported a strong third quarter with total revenue increasing by 18% to $275.5 million and Bumble app revenue increasing by 23% to $221.8 million. The company's net earnings were $23.1 million, and adjusted EBITDA reached $75.3 million. The share repurchase program was increased to $300 million, reflecting confidence in the long-term trajectory of the business.
Total revenue increased by 18.4% to $275.5 million.
Bumble App revenue increased by 22.8% to $221.8 million.
Total paying users increased to 3.8 million.
Net earnings were $23.1 million.
Revenue by Segment
Forward Guidance
The Company anticipates Total Revenue and Adjusted EBITDA for the fourth quarter ending December 31, 2023 to be: Total Revenue in the range of $272 million to $278 million and Adjusted EBITDA in the range of $72 million to $75 million.
Positive Outlook
- Total Revenue in the range of $272 million to $278 million.
- Bumble App Revenue of $221 million to $225 million.
- Adjusted EBITDA in the range of $72 million to $75 million.
Challenges Ahead
- Total foreign currency benefit $6 million lower than previously estimated.
- Estimated unfavorable impact of approximately $1 million from the crisis in the Middle East, primarily in Bumble App Revenue
- Actual results may differ materially from Bumble’s financial outlook
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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