Bumble Inc. BMBL reported worse-than-expected second-quarter revenue results on Wednesday. Bumble reported quarterly earnings of 22 cents per share on $273.12 million of quarterly revenue which came in just under analyst estimates. "Our first chapter of the Bumble App launch delivered better women's experiences and improved engagement," said Lidiane Jones, CEO of Bumble. "We are pleased with these early wins but it's evident that to reignite the user growth engine for Bumble Inc. in the long term, we need t ...

Financial Data and Key Metrics Changes - Total Bumble Inc. revenue grew 3% in Q2 to $269 million, impacted by FX headwinds totaling $3.4 million, which negatively affected the growth rate by approximately 1.5 percentage points [16][22] - Total paying users increased by 14% to 4.1 million, while ARPPU decreased by 8% to $21.37 [16][22] - Q2 adjusted EBITDA was $75 million, representing a margin of 28%, up from 26% in the previous year [19][24] Business Line Data and Key Metrics Changes - Bumble app revenue grew 5% to $218 million, driven by a 15% increase in paying users to 2.8 million [16][22] - Badoo app and other revenue declined 2% year over year to $51 million, with paying users growing by 12% to 1.3 million [17][22] Market Data and Key Metrics Changes - The increase in paying users was partially offset by a 9% year-over-year decline in ARPPU due to geographic mix shifts, with some pressure on US top-of-the-funnel metrics [16][22] - International markets showed continuous strength, contributing positively to the overall user growth [22] Company Strategy and Development Direction - The company is focusing on three areas: fostering a vibrant customer ecosystem, enhancing customer experience, and evolving revenue strategy [7][12] - A comprehensive plan is in place to address demographic imbalances and improve retention by providing innovative dating experiences [6][12] - The acquisition of Geneva aims to accelerate opportunities in the friendships and community space, aligning with the company's broader strategy [14][22] Management's Comments on Operating Environment and Future Outlook - Management acknowledged the need to reset the strategy to deliver durable customer value, which may impact near-term growth but is essential for long-term value creation [15][22] - The outlook for Q3 expects total revenue between $269 million and $275 million, representing a year-over-year decline of 1% at the mid-point [23][24] - Management remains confident in the long-term growth potential despite short-term challenges, emphasizing the importance of customer experience [22][60] Other Important Information - The company is committed to returning cash to shareholders, having returned $241 million since the inception of its repurchase program [20][24] - The company plans to slow down certain monetization initiatives, including the expansion of Premium Plus, to focus on enhancing the free experience [12][22] Q&A Session Summary Question: Can you provide clarity on the US versus international paying user dynamics? - Management noted that while ARPPU is increasing in individual markets, the overall decline is influenced by the geographic mix, with pressure on US top-of-the-funnel metrics affecting US payers [26] Question: What is the timing for impactful product roadmap features? - Management indicated that improving customer experience and engagement will take time to realize revenue growth, with multiple quarters needed to see top-of-funnel strength [28] Question: What drove the decision to reset the roadmap? - The decision was based on observed top-of-funnel softness and the need to prioritize product experiences that drive long-term sustainable revenue growth [33] Question: Will there be an increase in sales and marketing in the back half of the year? - Management stated that while spending will be tailored based on market maturity, there will be a slight increase in Q4 marketing as part of the strategy [36][38] Question: How will the company address the demographic imbalance in the ecosystem? - Management emphasized a multifaceted approach, including product, marketing, and revenue techniques to ensure a balanced mix of users and improve engagement [71]

For the quarter ended June 2024, Bumble Inc. (BMBL) reported revenue of $268.62 million, up 3.4% over the same period last year. EPS came in at $0.22, compared to $0.05 in the year-ago quarter. The reported revenue represents a surprise of -1.73% over the Zacks Consensus Estimate of $273.34 million. With the consensus EPS estimate being $0.15, the EPS surprise was +46.67%. While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine t ...

Bumble Inc. (BMBL) came out with quarterly earnings of $0.22 per share, beating the Zacks Consensus Estimate of $0.15 per share. This compares to earnings of $0.05 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 46.67%. A quarter ago, it was expected that this company would post earnings of $0.07 per share when it actually produced earnings of $0.19, delivering a surprise of 171.43%. Over the last four quarters, the company h ...

Exhibit 99.1 Bumble Inc. Announces Second Quarter 2024 Results Total Revenue Increased 3% to $269 Million Bumble App Revenue Increased 5% to $218 Million Bumble App Paying Users Increased 15% to 2.8 Million; Grew 87,000 Quarter Over Quarter Net Earnings of $38 Million, Adjusted EBITDA of $75 Million AUSTIN, Texas, August 7, 2024 - Bumble Inc. (NASDAQ: BMBL) today reported financial results for the second quarter ended June 30, 2024. "Our first chapter of the Bumble App launch delivered better women's experi ...

The upcoming earnings release of Bumble Inc. will be of great interest to investors. The company's earnings report is expected on August 7, 2024. The company's upcoming EPS is projected at $0.15, signifying a 200% increase compared to the same quarter of the previous year. At the same time, our most recent consensus estimate is projecting a revenue of $273.73 million, reflecting a 5.39% rise from the equivalent quarter last year. Empirical research indicates that these revisions in estimates have a direct c ...

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Core Viewpoint - The article discusses undervalued stocks available for purchase under $20 per share, highlighting potential growth opportunities based on analyst price targets and company performance metrics. Group 1: Company Performance - Analysts expect revenue growth for the companies mentioned, with an average price target suggesting an upside of 58% from the current share price of $9.34 [2] - The firm has achieved a compound annual growth rate of 5.6% in revenues from 2019 to 2023, outperforming U.S. clothing stores overall [3] - Bumble has increased its number of paying users by 18% over the past year and its revenues by 10%, despite a general decline in dating app usage among young people [13] Group 2: Stock Valuation - Several stocks mentioned have implied upside potential between 50% and 100% based on their current prices compared to average analyst price targets [6] - Bumble's shares are down 33% year-to-date and 50% over the past 12 months, with an average price target of $21 implying a 65% upside from the current price of $12.75 [9] - Getty Images has seen a 36% decline in shares so far in 2024, making it one of the more undervalued stocks in the communication services sector [10] Group 3: Market Context - The overall market has risen substantially over the past several years, yet the stocks discussed have experienced significant declines, indicating potential buying opportunities [17] - Lowering inflation is expected to help drive down costs for companies, while potential interest rate cuts later in the year could boost demand [20] - The fallout from the WGA Writers Strike in 2023 has affected Getty Images, reducing revenue from selling pictures of Hollywood stars [21]

Of the 22 recommendations that derive the current ABR, 14 are Strong Buy and one is Buy. Strong Buy and Buy respectively account for 63.6% and 4.6% of all recommendations. Are you wondering why? The vested interest of brokerage firms in a stock they cover often results in a strong positive bias of their analysts in rating it. Our research shows that for every "Strong Sell" recommendation, brokerage firms assign five "Strong Buy" recommendations. In spite of the fact that Zacks Rank and ABR both appear on a ...

This article is an excerpt from the InvestorPlace Digest newsletter. To get news like this delivered straight to your inbox, click here. In February, AI superstar Nvidia (NASDAQ:NVDA) announced fourth-quarter earnings that blew expectations out of the water. Shares rose 16% in a single day, adding $34 billion to shareholder pockets. The fascinating thing, however, was what happened afterward. Because over the following month, shares of Nvidia rose another 20%. Even if investors completely missed out Nvidia' ...