NASDAQ$BMBL
Bumble Inc. · Q1 2024 earnings
Q1 2024 earnings · · Investor relations
Briefing
Reported solid Q1 2024 financial results, making progress on plans to unlock Bumble’s next phase of growth.
Bumble Inc. reported a 10% increase in total revenue to $268 million for Q1 2024. Bumble app revenue increased by 11% to $216 million, and paying users grew by 18% to 2.7 million. The company's net earnings were $33.9 million, with an adjusted EBITDA of $74.0 million.
- Total revenue increased by 10% to $268 million.
- Bumble App revenue increased by 11% to $216 million.
- Total paying users increased to 4.0 million, compared to 3.5 million.
- Net earnings were $33.9 million, compared to a net loss of $2.3 million.
Headline financials
Revenue & EPS history
Bumble · Revenue · Quarterly
$268M
Revenue by segment
Bumble · $276M total across 2 segments · Q3 2023
- Bumble App$222M+22.8%80.5%
- Badoo App and Other$53.7M+3.3%19.5%
Forward guidance
Bumble anticipates for the second quarter ending June 30, 2024: Total Revenue in the range of $269 million to $275 million, which includes Bumble App Revenue of $218 million to $222 million. Adjusted EBITDA in the range of $69 million to $73 million. For full year 2024: Total Revenue year over year growth in the range of 8% to 11%. Bumble App Revenue year over year growth in the range of 9% to 11%. Adjusted EBITDA margin growth of at least 300 basis points.
Tailwinds
- Total Revenue in the range of $269 million to $275 million for Q2 2024.
- Bumble App Revenue of $218 million to $222 million for Q2 2024.
- Adjusted EBITDA in the range of $69 million to $73 million for Q2 2024.
- Total Revenue year over year growth in the range of 8% to 11% for full year 2024.
- Bumble App Revenue year over year growth in the range of 9% to 11% for full year 2024.
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 2024
+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
| Quarter | Report date | Reaction (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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