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Dec 31, 2022
Bumble Q4 2022 Earnings Report
Bumble Inc. reported strong Q4 2022 results, driven by Bumble App revenue growth and increased paying users.
Key Takeaways
Bumble Inc. announced its Q4 and Full Year 2022 results, with total revenue increasing by 16.7% to $241.6 million in Q4 2022. Bumble App revenue grew by 27.7% to $190.8 million, and total paying users increased by 14.4% to 3.4 million.
Total revenue increased by 16.7% to $241.6 million.
Bumble App revenue grew by 27.7% to $190.8 million.
Total paying users increased by 14.4% to 3.4 million.
Net loss was $159.2 million, compared to a net loss of $13.9 million in Q4 2021.
Revenue by Segment
Forward Guidance
Bumble anticipates total revenue, adjusted EBITDA and adjusted EBITDA margin for the quarter ending March 31, 2023 and year ending December 31, 2023.
Positive Outlook
- Total revenue in the range of $238 million to $243 million for Q1 2023.
- Bumble App revenue of $190 million to $193 million for Q1 2023.
- Adjusted EBITDA in the range of $53 million to $56 million for Q1 2023.
- Total revenue year over year growth in the range of 16% to 19% for full year 2023.
- Bumble App year over year revenue growth in the range of 22% to 25% for full year 2023.
Challenges Ahead
- An unfavorable impact of approximately $10 million of revenue from foreign currency movements as well as from the Ukraine conflict in Q1 2023.
- The revenue outlook for first quarter 2023 is based on the following considerations: An unfavorable impact of approximately $10 million of revenue from foreign currency movements as well as from the Ukraine conflict due to the company's subsequent decision to remove all of its apps from the Apple App Store and Google Play Store in Russia and Belarus.
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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