Bumble (BMBL, $73.81) beats fiscal Q4 revenue...

Sarah Patel

published in Blogs

Mar 11, 2021

Bumble (BMBL, $73.81) beats fiscal Q4 revenue expectation

Bumble, Inc., which became public in February, posted its fiscal fourth quarter revenue that beat analysts’ expectations. The online dating & networking company also provided an optimistic revenue guidance for the full year.

The company’s revenue of $165.6 million came in higher than the $163.3 million expected by analysts polled by FactSet.

Bumble incurred a net loss of -$26.1 million, compared to a loss of -$17 anticipated by analysts.

“Our significant increase in revenue and paying users is a direct result of our team’s dedication and remarkable agility during a challenging pandemic,” said Whitney Wolfe Herd, CEO of Bumble, in a statement. “Our IPO was a pivotal milestone, but we are just getting started.”

For the first-quarter, Bumble expects a revenue range of $163 to $165 million and adjusted EBITDA range of $41 to $42 million.

Looking further ahead, it projects full year revenue in the range of $716 to $726 million. This is higher than analysts’ revenue expectation of $579.9 million, according to FactSet data.

The company is expecting adjusted EBITDA in the range of $173 to $178 million for the year.

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published in Blogs

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published in Blogs

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published in Blogs

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published in Blogs

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