Earnings Results: Bumble stock rockets higher after online-dating company upbeat on user growth

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Shares of Bumble Inc. were up more than 16% in after-hours trading Tuesday after the online-dating company posted upbeat user-growth numbers.

The Bumble app had 1.64 million paying users in the fourth quarter, up from 1.27 million a year prior. The FactSet consensus was for 1.59 million paying Bumble app users.

Overall, Bumble
BMBL,
+2.65%

had 2.98 million users across its properties, while the FactSet consensus was for 2.93 million.

The company generated a fourth-quarter net loss of $14.7 million, or 8 cents a share, compared with a loss of $26.1 million, or 1 cent a share, in the year-prior quarter. Analysts tracked by FactSet were anticipating a 2-cent loss per share on a GAAP basis.

Bumble also posted adjusted earnings before interest, taxes, depreciation and amortization (Ebitda) of $54.8 million, up from $44.1 million a year earlier, whereas the FactSet consensus was for $53.5 million.

Revenue for the quarter increased to $208.2 million from $165.6 million a year ago, while analysts tracked by FactSet had been looking for $209.6 million. The company said that its revenue total for the latest quarter included $150.5 million from the Bumble app and $57.7 million from the Badoo app and other sources.

Bumble disclosed that it plans to discontinue its operations in Russia and yank its apps from Apple Inc.’s
AAPL,
-1.17%

App Store and Alphabet Inc.’s
GOOG,
+0.64%

GOOGL,
+0.57%

Google Play Store in both Russia and Belarus. Total revenue from Russia, Ukraine, and Belarus was about 2.8% of the company total in 2021, mainly from Badoo and other sources. The three countries accounted for less than 0.1% of Bumble app revenue.

For the first quarter, the company anticipates $207 million to $210 in total revenue, as well as $47 million to $49 million in adjusted Ebitda. The FactSet consensus was for $211.5 million in revenue and $53.7 million in adjusted Ebitda.

Looking at the full year, Bumble expects revenue of $934 million to $944 million, and an adjusted Ebitda margin of 26.5% to 27%. Analysts tracked by FactSet were projecting $939.1 million in revenue and an adjusted Ebitda margin of 26.6%.

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