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 ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 | --- | --- | |----------------------------------------------------------------------------|------------------------------------------| | | | | Delaware | 85-3604367 | | (State or other jurisdiction of incorporation or organization) | (I.R.S. Employer Identification No.) | | 1105 West 41st Street | | | Austin, Texas | 78756 | | ( ...

NEW YORK, Nov. 07, 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 TO ...

Financial Data and Key Metrics - Total revenue for Q3 2024 was $274 million, down 1% YoY, with an unfavorable FX impact of approximately $1 million [37] - Bumble app revenue declined 1% YoY to $220 million, also impacted by FX [37] - Total paying users grew 11% YoY to 4.3 million, with Bumble app paying users increasing 10% to 2.9 million [37] - Badoo app and other revenue declined 1% to $53 million, but showed slight growth excluding FX impact [38] - Adjusted EBITDA for Q3 increased 10% YoY to $83 million, with a margin of 30%, up 290 basis points [42] - The company repurchased $120 million in stock since August, bringing total buybacks under the $450 million authorization to $361 million [7][46] Business Line Performance - Bumble app revenue declined 1% YoY to $220 million, with paying users growing 10% to 2.9 million [37] - Badoo app and other revenue declined 1% YoY to $53 million, but paying users grew 14% to 1.4 million [38] - Badoo saw improved payer conversion due to revenue re-architecture, with six consecutive quarters of positive payer net ads [39] - Geneva, a new app focused on friendships and community, is now live and gradually increasing awareness [30] Market Performance - The company observed a high single-digit incremental increase in women's registration in a growing European market, leading to more daily "yes" votes [14] - Marketing efforts in top-tier cities, including organic strategies, are showing positive results, particularly among Gen Z women [12][69] - The company is expanding its marketing tests to additional markets in Q4, with plans for gradual global expansion [14] Strategy and Industry Competition - The company is focused on transforming Bumble by making data-driven decisions, increasing execution velocity, and attracting top talent [8] - Key initiatives include strengthening the core ecosystem, driving innovation in customer experience, and enhancing revenue strategy [11] - The company is piloting a generative AI-based customer service agent to improve response effectiveness and accuracy [17] - A winter product release in 2025 will focus on authentic connections, including ID verification and AI-powered photo selection [23] Management Commentary on Operating Environment and Future Outlook - The company is confident in its transformation path and expects 2025 to be a pivotal year for growth [31] - Management emphasized the importance of balancing free users with subscription value to drive long-term profitability [25] - The company expects full realization of its strategic initiatives to take multiple quarters, with investments in marketing, technology, and product innovation [27][50] Other Important Information - The company recorded a non-cash impairment charge of $892 million related to intangible assets and goodwill, triggered by a sustained decline in market cap [40] - Free cash flow for Q3 was $92 million, with $252 million in cash and cash equivalents at the end of the quarter [45] - Full-year 2024 revenue is expected to be between $1.066 billion and $1.072 billion, with Bumble app revenue projected at $861 million to $865 million [47] Q&A Session Summary Question: Progress on strategic initiatives and timeline for impact [54] - The company is focused on strengthening the ecosystem, ensuring customer success, and reimagining the revenue strategy, with early progress seen in Q3 [55] - Full realization of these initiatives will take multiple quarters, with more details to be provided in future earnings calls [56] Question: Capital allocation philosophy and buybacks [57] - The company prioritizes organic growth, opportunistic M&A, and returning capital to shareholders through buybacks [58] - For 2025, the focus will be on top-line growth while continuing the buyback program opportunistically [59] Question: Ecosystem health and customer experience initiatives [61] - The company is rebalancing marketing spend, strengthening organic marketing, and implementing a regular product cadence to improve ecosystem health [62] - Safety initiatives, such as improved photo moderation and ID verification, are seen as positive investments for user growth [63] Question: Badoo's role and potential in the portfolio [65] - Badoo serves a complementary customer base to Bumble, with positive engagement and ARPPU improvements observed after product and marketing changes [66] Question: Gen Z engagement and election impact [68] - The company has seen positive engagement from Gen Z women, particularly in top cities, due to organic marketing efforts [69] - Historically, elections have not significantly impacted customer engagement, and Q4 guidance remains consistent [70][71] Question: Free experience evolution and 2025 growth composition [73] - The company is focused on improving the free experience to drive conversion to paid tiers, with near-term opportunities to increase conversion rates [74] - Detailed plans for 2025, including user and payer growth, will be shared in future earnings calls [76] Question: Marketing tests in Europe and learnings for mature markets [78] - In emerging markets, the company has balanced brand expansion with tailored marketing, resulting in effective user acquisition [79] - In mature markets, organic marketing efforts, such as sponsoring the WNBA, have yielded positive results and amplified digital engagement [80] Question: Q4 margin outlook and advertising spend [83] - Q4 margins are expected to be lower due to higher marketing spend, but the full-year EBITDA margin outlook remains unchanged [83]

For the quarter ended September 2024, Bumble Inc. (BMBL) reported revenue of $273.61 million, down 0.7% over the same period last year. EPS came in at $0.35, compared to $0.12 in the year-ago quarter.The reported revenue represents a surprise of +0.68% over the Zacks Consensus Estimate of $271.76 million. With the consensus EPS estimate being $0.20, the EPS surprise was +75.00%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall St ...

Bumble Inc. (BMBL) came out with quarterly earnings of $0.35 per share, beating the Zacks Consensus Estimate of $0.20 per share. This compares to earnings of $0.12 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 75%. A quarter ago, it was expected that this company would post earnings of $0.15 per share when it actually produced earnings of $0.22, delivering a surprise of 46.67%.Over the last four quarters, the company has sur ...

Exhibit 99.1 Bumble Inc. Announces Third Quarter 2024 Results Total Revenue Decreased 1% to $274 Million Bumble App Revenue Decreased 1% to $220 Million Bumble App Paying Users Increased 10% to 2.9 Million; Grew 52,000 Quarter Over Quarter AUSTIN, Texas, November 6, 2024 - Bumble Inc. (NASDAQ: BMBL) today reported financial results for the third quarter ended September 30, 2024. "We delivered on our financial objectives for the third quarter as we executed on our plans to reimagine Bumble App to enable the ...

NEW YORK, Nov. 06, 2024 (GLOBE NEWSWIRE) -- 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=110735&from=3 CLASS PERIOD: November 7, 2023 to August ...

RADNOR, Pa., Nov. 04, 2024 (GLOBE NEWSWIRE) -- The law firm of Kessler Topaz Meltzer & Check, LLP (www.ktmc.com) informs investors that a securities class action lawsuit has been filed in the United States District Court for the Western District of Texas against Bumble Inc. (“Bumble”) (NASDAQ: BMBL) on behalf of investors who purchased or otherwise acquired Bumble securities between November 7, 2023 and August 7, 2024, inclusive (the “Class Period”) The lead plaintiff deadline is November 25, 2024. CONTACT ...