Investor Alert

Market Pulse Archives

Aug. 10, 2022, 7:04 p.m. EDT

Bumble earnings forecast comes up light, stock tumbles

Watchlist Relevance

Want to see how this story relates to your watchlist?

Just add items to create a watchlist now:

  • X
    Bumble Inc. Cl A (BMBL)
  • X
    S&P 500 Index (SPX)

or Cancel Already have a watchlist? Log In

By Emily Bary

Shares of Bumble Inc. /zigman2/quotes/224422770/composite BMBL +3.04% were falling more than 11% in after-hours trading Wednesday after the online-dating company came up shy of expectations with its outlook for the current quarter. The company posted a net loss of $4.4 million, or 3 cents a share, compared with a loss of $7.1 million, or 6 cents a share, in the year-earlier period. Analysts tracked by FactSet were projecting a GAAP per-share loss of 1 cent. Bumble's revenue increased to $220.5 million from $186.2 million, while analysts were projecting $219.4 million. The latest quarter's revenue total included a $9.4 million negative impact from currency movements. Bumble had 3.0 million paying users in the second quarter, up from 2.9 million in the year-prior quarter. The FactSet consensus was for 3.0 million. For the third quarter, Bumble anticipates $236 million to $240 million in revenue, whereas the FactSet consensus was for $244.9 million. Bumble's revenue expectations include a projected $6 million negative impact from the war in Ukraine and a $12 million negative impact from foreign exchange. Executives also model adjusted earnings before interest, taxes, depreciation, and amortization (Ebitda) of $58 million to $60 million, while analysts were looking for $62 million. Shares of Bumble have surged 79% over the past three months, though they're off 26% over a 12-month span. The S&P 500 /zigman2/quotes/210599714/realtime SPX -0.27% has risen 5.2% over three months and fallen 5.1% over 12 months.

US : U.S.: Nasdaq
$ 14.92
+0.44 +3.04%
Volume: 3.16M
Sept. 29, 2023 4:00p
P/E Ratio
Dividend Yield
Market Cap
$2.72 billion
Rev. per Employee
-11.65 -0.27%
Volume: 0.00
Sept. 29, 2023 5:20p

This Story has 0 Comments
Be the first to comment
More News In

Story Conversation

Commenting FAQs »

Partner Center

Link to MarketWatch's Slice.