Core Viewpoint - Bumble Inc. (BMBL) has received an upgrade to a Zacks Rank 2 (Buy), indicating a positive outlook on its earnings estimates, which is a significant factor influencing stock prices [1][3]. Earnings Estimates and Stock Price Impact - The Zacks rating system reflects changes in earnings estimates, which are strongly correlated with near-term stock price movements, particularly due to institutional investors adjusting their valuations based on these estimates [4][6]. - Rising earnings estimates for Bumble suggest an improvement in the company's underlying business, which could lead to an increase in stock price as investors respond positively [5][10]. Recent Earnings Estimate Revisions - Bumble is projected to earn -$2.23 per share for the fiscal year ending December 2024, reflecting a year-over-year change of -7333.3% [8]. - Over the past three months, the Zacks Consensus Estimate for Bumble has increased by 150.4%, indicating a significant upward revision in earnings expectations [8]. Zacks Rank System Overview - The Zacks Rank system classifies stocks into five groups based on earnings estimates, with only the top 20% of stocks receiving a 'Strong Buy' or 'Buy' rating, highlighting their potential for market-beating returns [9][10]. - Bumble's upgrade to Zacks Rank 2 places it in the top 20% of Zacks-covered stocks, suggesting a favorable outlook for its stock price in the near term [10].

Core Viewpoint - Bumble Inc. has shown improved operational efficiency leading to better-than-expected earnings, but faces challenges in user growth and revenue from its app [1][6]. Financial Performance - Bumble reported Q3 revenue of $273.6 million, slightly above analyst expectations of $271.7 million [1] - Adjusted EBITDA was $82.6 million, exceeding projections of $78.8 million, with an adjusted EBITDA margin of 30%, up 290 basis points year-over-year [1][2] - The Bumble app's revenue declined by 1% year-over-year, and Average Revenue Per Paying User (ARPPU) decreased by 10% to $25.58 [1] User Metrics - Badoo, a competitor, saw a 14% year-over-year increase in paying users, with net new users reaching 65,000, significantly above the expected 17,000 [2] - Bumble's guidance for Q4 revenue is set at $259 million, with EBITDA at $72 million, slightly below the Street's expectation of $74 million [3] Stock Buyback and Future Guidance - Bumble repurchased $90 million of its stock during the quarter and an additional $30 million in October, totaling about 140% of free cash flow [3] - The company reaffirmed its fiscal 2024 revenue outlook at $1.069 billion, indicating a 1.6% year-over-year growth [3] Management Insights - Bumble anticipates at least a 200-basis-point improvement in annual EBITDA growth, with plans for new app features and a broader product roadmap for fiscal 2025 [4] - Analyst Curtis Nagle adjusted revenue projections for Q4 to $261 million and for 2024 to $1.071 billion, reflecting a 2% year-over-year increase [5] Market Position and Valuation - Nagle raised the price target for Bumble to $5.75, applying a 4.3 times 2025 EV/EBITDA multiple, which remains at a discount compared to peers [6] - Despite higher margins, concerns about slower user growth trends and high private equity ownership justify the discount [7]

About this content About Emily Jarvie Emily began her career as a political journalist for Australian Community Media in Hobart, Tasmania. After she relocated to Toronto, Canada, she reported on business, legal, and scientific developments in the emerging psychedelics sector before joining Proactive in 2022. She brings a strong journalism background with her work featured in newspapers, magazines, and digital publications across Australia, Europe, and North America, including The Examiner, The Advocate, The ...

Core Viewpoint - A securities class action lawsuit has been filed against Bumble Inc. for allegedly misleading investors regarding its market information and growth prospects during the specified class period [1][3]. Group 1: Lawsuit Details - The lawsuit is filed in the United States District Court for the Western District of Texas on behalf of investors who acquired Bumble securities between November 7, 2023, and August 7, 2024 [1]. - The deadline for investors to become lead plaintiffs is November 25, 2024 [1][4]. Group 2: Allegations Against Defendants - The complaint claims that the defendants created a false impression of having reliable information about Bumble's consumer market, which led to overconfidence in the relaunch of the Bumble app and its marketing campaign [3]. - It is alleged that this false confidence was tied to expectations of increased user growth and revenue per paid user in the latter half of the year [3]. Group 3: Legal Representation and Process - Investors can seek to be appointed as lead plaintiffs through Kessler Topaz Meltzer & Check, LLP or other counsel, or they may choose to remain absent class members [4]. - The lead plaintiff is typically the investor or small group of investors with the largest financial interest in the case [4]. Group 4: Firm Background - Kessler Topaz Meltzer & Check, LLP has a reputation for prosecuting class actions and has recovered billions for victims of corporate misconduct [5].

SAN DIEGO, Nov. 8, 2024 /PRNewswire/ -- The law firm of Robbins Geller Rudman & Dowd LLP announces that purchasers or acquirers of Bumble Inc. (NASDAQ: BMBL) securities between November 7, 2023 and August 7, 2024, inclusive (the "Class Period"), have until Monday, November 25, 2024 to seek appointment as lead plaintiff of the Bumble class action lawsuit. Captioned Holzer v. Bumble Inc., No. 24-cv-01131 (W.D. Tex.), the Bumble class action lawsuit charges Bumble and certain of Bumble's top executives with vi ...

NEW YORK, Nov. 11, 2024 /PRNewswire/ -- The Gross Law Firm issues the following notice to shareholders of Bumble Inc. (NASDAQ: BMBL).Shareholders who purchased shares of BMBL during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to partake in any recovery.CONTACT US HERE:https://securitiesclasslaw.com/securities/bumble-loss-submission-form/?id=111169&from=4CLASS PERIOD: November 7, 2023 to August 7, 2024 ...

NEW YORK, Nov. 10, 2024 /PRNewswire/ -- Why: Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of Bumble Inc. (NASDAQ: BMBL) between November 7, 2023 and August 7, 2024, both dates inclusive (the "Class Period"), of the important November 25, 2024 lead plaintiff deadline. So what: If you purchased Bumble securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement. What to do ...

NEW YORK, Nov. 09, 2024 (GLOBE NEWSWIRE) -- WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of Bumble Inc. (NASDAQ: BMBL) between November 7, 2023 and August 7, 2024, both dates inclusive (the “Class Period”), of the important November 25, 2024 lead plaintiff deadline. SO WHAT: If you purchased Bumble securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement. WHAT T ...

SAN DIEGO, Nov. 08, 2024 (GLOBE NEWSWIRE) -- Robbins Geller Rudman & Dowd LLP announces that purchasers or acquirers of Bumble Inc. (NASDAQ: BMBL) securities between November 7, 2023 and August 7, 2024, inclusive (the “Class Period”), have until Monday, November 25, 2024 to seek appointment as lead plaintiff of the Bumble class action lawsuit. Captioned Holzer v. Bumble Inc., No. 24-cv-01131 (W.D. Tex.), the Bumble class action lawsuit charges Bumble and certain of Bumble’s top executives with violations of ...

Financial Performance - Total Revenue for the three months ended September 30, 2024, was $273,605,000, a slight decrease of 0.3% compared to $275,510,000 for the same period in 2023[10] - Net loss for the three months ended September 30, 2024, was $849,259,000, compared to a net income of $23,124,000 for the same period in 2023[11] - Comprehensive loss attributable to Bumble Inc. shareholders for the three months ended September 30, 2024, was $616,886,000[11] - The company reported a net loss of $(561,187) for the year ending December 31, 2023, compared to a net loss of $(144,084) for the previous year, representing a significant increase in losses[14] - For the nine months ended September 30, 2024, Bumble Inc. reported a net loss of $777,700,000 compared to a net earnings of $30,144,000 for the same period in 2023[18] - The company reported a net loss of $849.3 million for the three months ended September 30, 2024, compared to a net income of $23.1 million in the same period of 2023[106] Revenue and User Metrics - Total Average Revenue per Paying User (ARPPU) was calculated based on Total Revenue divided by Total Paying Users, reflecting the company's revenue generation efficiency[10] - Total Paying Users increased, contributing to the overall revenue despite the net loss reported[10] - Bumble App revenue for Q3 2024 was $220.2 million, down from $221.8 million in Q3 2023[30] - Average revenue per paying user for Bumble App was $25.58 in Q3 2024, down from $28.38 in Q3 2023[88] - Total Paying Users for Bumble App increased by 10.2% to 2.9 million for the three months ended September 30, 2024[110] Operating Costs and Expenses - Operating costs and expenses for the three months ended September 30, 2024, totaled $1,111,792,000, significantly higher than $245,510,000 for the same period in 2023[10] - The total operating costs and expenses for the three months ended September 30, 2024, were $1.1 billion, significantly higher than $245.5 million in the same period of 2023, primarily due to impairment losses[106] - Selling and marketing expenses for the three months ended September 30, 2024, were $63.5 million, down from $68.8 million in the same period of 2023[106] - General and administrative expenses decreased to $33.3 million for the three months ended September 30, 2024, from $48.6 million in the same period of 2023[106] Impairment Losses - The company reported an impairment loss of $892,248,000 for the three months ended September 30, 2024, with no impairment loss reported in the same period of 2023[10] - The Company recorded $197.2 million in goodwill impairment charges during the three months ended September 30, 2024[27] - The Company recognized $670.3 million in impairment charges associated with indefinite-lived intangible assets during the same period[28] - The Company recorded $24.7 million in impairment charges related to the Fruitz asset group during the three months ended September 30, 2024[29] - An impairment charge of $670.3 million for indefinite-lived intangible assets was recognized during the three and nine months ended September 30, 2024, with total impairment loss for the nine months being $892.2 million[119] Shareholder Equity and Stock Repurchases - The balance of total shareholders' equity as of September 30, 2024, was $2,297,998,000, reflecting the impact of the net loss during the period[12] - The company repurchased 14.2 million shares of Class A common stock for $89.7 million during the three months ended September 30, 2024[30] - The Company repurchased a total of 19.5 million shares of Class A common stock and 2.0 million Common Units for $174.1 million during the nine months ended September 30, 2024[32] - The Company has $119.0 million remaining available for repurchase under the share repurchase program as of September 30, 2024[32] Cash Flow and Liquidity - Net cash provided by operating activities was $128,839,000, an increase from $118,669,000 in the prior year[18] - Cash and cash equivalents at the end of the period were $252,057,000, down from $439,184,000 a year earlier[18] - Net cash used in financing activities increased significantly to $207,749,000 from $58,355,000 in the prior year[18] - Free cash flow for the nine months ended September 30, 2024, was $122.7 million, compared to $105.9 million for the same period in 2023, with a free cash flow conversion rate of 53.0%[128] Acquisitions and Strategic Initiatives - The company continues to explore acquisition opportunities to strengthen its market position and expand its user base[10] - The Company completed the acquisition of Geneva Technologies, Inc. for total cash consideration of $17.5 million, with $17.2 million allocated to developed technology[44] - The company aims to expand the Bumble For Friends experience through the acquisition of Geneva in July 2024[30] Legal Proceedings - The company is subject to various legal proceedings, which may result in liabilities that cannot be reasonably estimated at this time[74] - The company faced six shareholder derivative complaints related to the September 2021 Secondary Public Offering, alleging false and misleading statements[78] - The company is currently involved in litigation related to the California Unruh Civil Rights Act, with a class action complaint filed in April 2024[80] Restructuring and Workforce Changes - The Company announced a restructuring plan to reduce its global workforce by approximately 350 roles, incurring total non-recurring charges of approximately $20.4 million through Q3 2024[46] - As of September 30, 2024, the remaining restructuring liability is $1.3 million, primarily consisting of accrued severance costs[46] Tax and Compliance - The effective tax rate for the Company was (0.5)% for the three months ended September 30, 2024, compared to 7.5% for the same period in 2023[36] - The company expects to qualify for transitional safe harbor relief under the Pillar Two rules in most jurisdictions, but some jurisdictions may not provide this relief[123] Other Financial Metrics - Adjusted EBITDA for Q3 2024 was $82.6 million, representing an Adjusted EBITDA margin of 30.2%, up from $75.3 million and 27.3% in Q3 2023[30] - The company incurred approximately $20.4 million in total non-recurring charges related to the Restructuring Plan, which was completed in Q3 2024[129]