Loading...
•
Sep 30, 2024
Bumble Q3 2024 Earnings Report
Announced Q3 2024 results, with total revenue decreasing slightly and Bumble app paying users increasing.
Key Takeaways
Bumble Inc. reported a slight decrease in total revenue, down 0.7% to $273.6 million. Bumble app revenue also decreased by 0.7% to $220.2 million. However, Bumble app paying users increased by 10% to 2.9 million. The company reported a net loss of $849.3 million, including $892.2 million in non-cash impairment charges.
Total revenue decreased by 0.7% to $273.6 million.
Bumble App revenue decreased by 0.7% to $220.2 million.
Bumble App paying users increased by 10% to 2.9 million.
Net loss was $849.3 million, including $892.2 million of non-cash impairment charges.
Revenue by Segment
Forward Guidance
Bumble anticipates total revenue in the range of $256 million to $262 million for the fourth quarter of 2024, including Bumble App revenue of $207 million to $211 million. Adjusted EBITDA is expected to be $70 million to $73 million. For the full year 2024, total revenue is projected to be in the range of $1,066 million to $1,072 million, including Bumble App revenue of $861 million to $865 million, with Adjusted EBITDA margin growth of at least 200 basis points.
Positive Outlook
- Total Revenue in the range of $256 million to $262 million for Q4 2024.
- Bumble App Revenue of $207 million to $211 million for Q4 2024.
- Adjusted EBITDA of $70 million to $73 million for Q4 2024.
- Total Revenue in the range of $1,066 million to $1,072 million for full year 2024.
- Bumble App Revenue of $861 million to $865 million for full year 2024.
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...