Bumble: Savings Are Welcome; But Where Are The Buybacks? (Rating Downgrade)

Core Insights - Bumble (BMBL) shares increased by over 26% following the company's earnings report for the March quarter, which exceeded revenue and operating income estimates [1] - Management announced plans for operational expense (OPEX) discipline, targeting $35 million in cost savings by the end of 2025 [1] Financial Performance - The earnings report indicated that Bumble outperformed expectations in both revenue and operating income for the March quarter [1] Strategic Initiatives - The company is focusing on OPEX discipline as part of its strategy to enhance profitability, with a specific goal of achieving $35 million in cost savings by the end of 2025 [1]