Bumble shares climbed during after-hours trading Wednesday, after the online dating company reported revenue that exceeded expectations for the second quarter.
Revenue increased +38% from the year-ago quarter to $186.217 million compared to FactSet analyst consensus of $178.7 million.
Revenue from Bumble App revenue rose +55% year-over-year to $127.3 million. Total Paying Users increased +20% to 2.9 million. Total average revenue per paying user rose to $20.88, compared to $18.12.
The company incurred a loss of -6 cents a share in the second quarter, compared with break-even per share a year ago. Analysts expected a break-even per share figure for the latest quarter.
For full year 2021, Bumble is expecting revenue in the range of $752 million to $762 million, higher than consensus forecast of $736.46 million. The company has projected adjusted EBITDA in the range of $195 million to $200 million.