NASDAQ$BMBL

Bumble Inc. · Q1 2022 earnings

Q1 2022 earnings · · Investor relations

Briefing

Reported strong Q1 2022 results with total revenue increasing by 24% and Bumble App revenue growing by 38%.

Bumble Inc. reported a strong first quarter with total revenue increasing by 24% to $211.2 million and Bumble App revenue growing by 38% to $155.4 million. The company exceeded its outlook for revenue and adjusted EBITDA, driven by growth in Bumble App paying users and average revenue per paying user.

  • Total revenue increased by 23.7% to $211.2 million.
  • Bumble App revenue grew by 38.0% to $155.4 million.
  • Total paying users increased to 3.0 million.
  • Net earnings were $23.9 million.

Headline financials

Total Revenue

$211M

Previous: $171M+23.7%
EPS (adj)

$0.13

Previous: $1.69-92.3%
Bumble App ARPPU

$29.18

Previous: $27.75+5.2%
Badoo App and Other ARPPU

$13.51

Previous: $12.76+5.9%
Total ARPPU

$22.76

Previous: $19.99+13.9%
Free Cash Flow

$16.4M

Previous: $342M-95.2%
Net Income

$16.4M

Previous: $342M-95.2%
Operating Income

$19M

Previous: -$112M+116.9%
Gross Profit

$154M

Previous: $123M+25.6%
Cash & Equivalents

$309M

Previous: $246M+25.5%
Total Assets

$3.8B

Previous: $3.77B+0.7%
Stock-Based Comp

$17.6M

Previous: $45.8M-61.7%

Revenue & EPS history

Bumble · Revenue · Quarterly

$211M

Q1 2022+23.7%vs Q1 2021
Beat estimate in 11 of 15 quarters(73%)
ActualEstimate

Revenue by segment

Bumble · $211M total across 2 segments · Q1 2022

  • Bumble App
    $155M+38.0%
  • Badoo App and Other
    $55.8M-4.0%

Forward guidance

Bumble anticipates Total Revenue and adjusted EBITDA for the second quarter and year ending December 31, 2022.

Tailwinds

  • Total Revenue in the range of $218 million to $221 million for Q2 2022.
  • Bumble App Revenue of $167 million to $169 million for Q2 2022.
  • Adjusted EBITDA in the range of $51 million to $53 million for Q2 2022.
  • Total Revenue in the range of $934 million to $944 million for full year 2022.
  • Bumble App year over year revenue growth of 34% to 36% for full year 2022.

Headwinds

  • Impact from the conflict in Ukraine of $6 million, primarily in Badoo App and Other Revenue for Q2 2022.
  • An unfavorable impact of $9 million from foreign currency movements for Q2 2022.
  • Includes $4 million of incremental expenses the company expects to incur from complying with the Google Play billing mandate for Q2 2022.
  • Impact from the conflict in Ukraine of $20 million, primarily in Badoo App and Other Revenue for full year 2022.
  • An unfavorable impact of $28 million from foreign currency movements for full year 2022.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2022

Historical avgQ1 2022

+0.0%

Avg return

Earnings day

+2.1%

Avg return

5 days after

+0.2%

Avg return

30 days after

50%

11 / 22 earnings

Positive

+45.7%

Q4 2021

Best reaction

-30.2%

Q4 2024

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-20.0%-23.3%-34.0%
Q4 2025+33.8%+45.8%+19.7%
Q3 2025-22.0%-26.2%-33.2%
Q1 2025+26.1%+33.3%+21.0%
Q4 2024-30.2%-31.7%-44.1%
Q3 2024+4.0%+18.3%+10.3%
Q2 2024-27.8%-27.4%-14.3%
Q1 2024+11.2%+11.7%+8.9%
Q4 2023-11.7%-10.1%-10.8%
Q3 2023+5.7%+9.0%+8.2%
Q2 2023-7.6%-8.1%-10.9%
Q4 2022+11.4%+4.9%-16.3%
Q3 2022+4.9%+13.7%+6.7%
Q2 2022-10.1%-3.9%-21.6%
Q1 2022+16.3%+34.2%+57.9%
Q4 2021+45.7%+33.3%+64.3%
Q3 2020-0.2%-0.9%-5.9%
Q3 2021-24.2%-24.3%-28.7%
Q2 2021+9.0%+6.1%+24.8%
Q1 2020-3.2%-5.5%+14.1%
Q1 2021-20.1%-19.2%-6.0%
Q4 2020+10.2%+16.1%-4.9%
Q2 2020
Q4 2019

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