Bumble Inc is a technology-driven company that operates a dating and social networking platform designed to empower users to make meaningful connections
Founded on the principles of respect and safety, Bumble facilitates various forms of relationships, including romantic encounters, friendships, and professional networking, by allowing women to take the initiative in making the first move. The company's innovative approach leverages unique features and a user-friendly interface to create an inclusive and positive environment, fostering genuine interactions among its diverse user base while also emphasizing community engagement and support.
Bumble said Whitney Wolfe Herd prepares to return as CEO. The company also announced that it expects to report fourth quarter total revenue and Bumble App revenue above the midpoints of the previously provided outlook ranges.
The online dating industry faces stagnation due to lack of innovation and waning interest among younger users. Match Group and Bumble Inc. are struggling to turnaround, with potential for industry consolidation and AI-driven product innovation.
Earnings results often indicate what direction a company will take in the months ahead. With Q3 behind us, let’s have a look at Roku (NASDAQROKU) and its peers.
JPMorgan downgrades Match Group from Overweight to Neutral, lowers target to $33. Reflects muted growth, limited Tinder turnaround, undemanding valuation, dividends and buybacks.
Quarterly earnings results are a good time to check in on a company’s progress, especially compared to its peers in the same sector. Today we are looking at Coursera (NYSECOUR) and the best and worst performers in the consumer subscription industry.
Match Group faces high expectations for its investor meeting as Wall Street awaits its turnaround plan for Tinder, which has been struggling since 2023.
The end of an earnings season can be a great time to discover new stocks and assess how companies are handling the current business environment. Let’s take a look at how Bumble (NASDAQBMBL) and the rest of the consumer subscription stocks fared in Q3.
Online dating app Bumble (NASDAQBMBL) met Wall Street’s revenue expectations in Q3 CY2024, but sales were flat year on year at $273.6 million. The company expects next quarter’s revenue to be around $259 million, close to analysts’ estimates. Its GAAP loss of $5.11 per share was 2,757% below analysts’ consensus estimates.
Analyst Justin Patterson downgrades Bumble to Sector Weight, citing weak app data and increased acquisition interest from Match amid regulatory concerns.
One woman decided to post an ad on Craigslist offering to pay someone to pretend to be her and set up dates. An editor looking for a second income stream decided to take on the matchmaking challenge.
Bumble (NASDAQBMBL) plans to use AI to improve user experience and compete with Tinder. Launching new tools by winter to reduce anxiety in profile creation.
