NASDAQ$BMBL

Bumble Inc. · Q2 2022 earnings

Q2 2022 earnings · · Investor relations

Briefing

Reported an increase in total revenue and Bumble app revenue, driven by strong paying user growth and global expansion.

Bumble Inc. reported strong second-quarter results with an 18% increase in total revenue to $220.5 million and a 33% increase in Bumble App revenue to $169.6 million. The company's growth was driven by a 31% increase in Bumble App paying users, reaching 1.9 million. Adjusted EBITDA exceeded expectations at $54.8 million.

  • Total revenue increased by 18.4% to $220.5 million.
  • Bumble App revenue grew by 33.2% to $169.6 million.
  • Total paying users increased to 3.0 million.
  • Net loss was $6.4 million, an improvement compared to the previous year.

Headline financials

Total Revenue

$220M

Previous: $186M+18.4%
EPS (adj)

-$0.03

Previous: -$0.06+50.0%
Bumble App ARPPU

$29.38

Previous: $28.81+2.0%
Badoo App and Other ARPPU

$13.60

Previous: $12.85+5.8%
Total ARPPU

$23.65

Previous: $20.88+13.3%
Free Cash Flow

-$4.39M

Previous: -$7.08M+38.0%
Net Income

-$4.39M

Previous: -$7.08M+38.0%
Operating Income

-$2.77M

Previous: -$9.5M+70.9%
Gross Profit

$158M

Previous: $135M+16.5%
Cash & Equivalents

$335M

Previous: $252M+32.8%
Total Assets

$3.77B

Previous: $3.75B+0.4%
Stock-Based Comp

$22.4M

Previous: $29.9M-25.0%

Revenue & EPS history

Bumble · Revenue · Quarterly

$220M

Q2 2022+18.4%vs Q2 2021
Beat estimate in 11 of 15 quarters(73%)
ActualEstimate

Revenue by segment

Bumble · $220M total across 2 segments · Q2 2022

  • Bumble App
    $170M+33.2%
  • Badoo App and Other
    $50.8M-13.8%

Forward guidance

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

Tailwinds

  • Total Revenue in the range of $236 million to $240 million for Q3 2022.
  • Bumble App Revenue of $184 million to $187 million for Q3 2022.
  • Adjusted EBITDA in the range of $58 million to $60 million for Q3 2022.
  • Total Revenue in the range of $920 million to $930 million for full year 2022.
  • Bumble App year over year revenue growth of 32% to 34% for full year 2022.

Headwinds

  • Impact from the conflict in Ukraine of $6 million, primarily in Badoo App and Other Revenue for Q3 2022.
  • An estimated unfavorable impact of $12 million from foreign currency movements for Q3 2022.
  • Impact from the conflict in Ukraine of $20 million, primarily in Badoo App and Other Revenue for full year 2022.
  • An estimated unfavorable impact of $36 million from foreign currency movements for full year 2022.
  • Adjusted EBITDA margin in the range of 24.5% to 25%, including $16 million of incremental expenses the Company expects to incur from complying with the Google Play billing mandate 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 Q2 2022

Historical avgQ2 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

Discussion

Share your read of this quarter. Sign-in carries your eToro identity.

Join the conversation

Sign in with eToro to post your read of this quarter and vote on others'.

Sign in with eToro