Bumble Inc. reported a 13.2% increase in total revenue to $273.6 million for Q4 2023, driven by growth in both Bumble App and Badoo App revenues. However, the company experienced a net loss of $32.0 million, although this was an improvement compared to the previous year's net loss of $159.2 million.
Total revenue increased by 13.2% year-over-year to $273.6 million.
Bumble App revenue grew by 15.7% year-over-year to $220.7 million.
Total paying users increased by 16.4% year-over-year to 4.0 million.
Net loss improved to $32.0 million from $159.2 million in the prior year.
Bumble anticipates Total Revenue between $262 million and $268 million, Bumble App Revenue between $211 million and $215 million, and Adjusted EBITDA between $67 million and $70 million for the first quarter of 2024. For the full year 2024, the company anticipates Total Revenue growth of 8% to 11% and Bumble App Revenue growth of 9% to 11%.
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