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Dec 31, 2024
Bumble Q4 2024 Earnings Report
Estimated Revenue:$263M
-3.7% YoY
Estimated EPS:$0.158
100.0% YoY
Key Takeaways
Bumble Inc. experienced a decline in total revenue by 4.4% to $261.6 million in Q4 2024, with operating earnings at $37.0 million. Despite the revenue decrease, total paying users saw a 5.3% increase, reaching 4.2 million. The company also reported an Adjusted EBITDA of $72.5 million.
Total Revenue decreased by 4.4% to $261.6 million in Q4 2024, compared to $273.6 million in Q4 2023.
Operating earnings were $37.0 million, or 14.1% of revenue, in Q4 2024, a significant improvement from an operating loss of $6.9 million in Q4 2023.
Total Paying Users increased by 5.3% to 4.2 million in Q4 2024, up from 4.0 million in Q4 2023.
Adjusted EBITDA was $72.5 million, or 27.7% of revenue, in Q4 2024, compared to $73.7 million, or 26.9% of revenue, in Q4 2023.
Revenue by Segment
Forward Guidance
For the first quarter of 2025, Bumble Inc. anticipates total revenue between $242 million and $248 million, with Bumble App Revenue expected to be between $198 million and $202 million. Adjusted EBITDA is projected to be between $60 million and $63 million. The company also plans to discontinue the Fruitz and Official apps in the first half of 2025.
Positive Outlook
- Anticipated Adjusted EBITDA between $60 million and $63 million for Q1 2025.
- Strategic decision to discontinue Fruitz and Official apps, streamlining focus.
- Continued focus on strengthening the ecosystem, delivering exceptional customer experiences, and enhancing revenue strategy.
- Building upon a strong foundation with a regular cadence of product innovation.
- Operating with discipline and rigor to strengthen business performance and create lasting shareholder value.
Challenges Ahead
- Total Revenue for Q1 2025 is projected to be lower than Q4 2024 actuals.
- Bumble App Revenue for Q1 2025 is projected to be lower than Q4 2024 actuals.
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