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Mar 10, 2022

Bumble (BMBL, $23.75) posts wider-than-expected Q4 loss

Bumble reported its fourth quarter results that fell short of analysts’ expectations.

The online dating platform posted a net loss of -8 cents per share, wider than the -2 cents  a share loss expected by analysts polled by FactSet.

The company’s   revenue came in at $208.2 million, vs.  analysts’ forecast of  $209.6 million.

Total paying users count climbed  +10.6% year-over-year to 3 million. Total average revenue per paying user rose by $2.81 to $22.83.

For the first quarter, Bumble expects revenue in the range of $207 million to $210 million. That includes about $2 million of lost revenue due to the crisis in Ukraine and the firm’s decision to pull its app from Russia and Belarus.

Looking farther ahead, the firm projects revenue between $934 million and $944 million for the full fiscal year, compared to analyst expectations of $939.1 million (according to FactSe

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