NASDAQ$BMBL
Bumble Inc. · Q3 2023 earnings
Q3 2023 earnings · · Investor relations
Briefing
Bumble Inc.'s Q3 2023 financial results were announced, demonstrating growth in revenue and users.
Bumble Inc. reported a strong third quarter with total revenue increasing by 18% to $275.5 million and Bumble app revenue increasing by 23% to $221.8 million. The company's net earnings were $23.1 million, and adjusted EBITDA reached $75.3 million. The share repurchase program was increased to $300 million, reflecting confidence in the long-term trajectory of the business.
- Total revenue increased by 18.4% to $275.5 million.
- Bumble App revenue increased by 22.8% to $221.8 million.
- Total paying users increased to 3.8 million.
- Net earnings were $23.1 million.
Headline financials
Revenue & EPS history
Bumble · Revenue · Quarterly
$276M
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
The Company anticipates Total Revenue and Adjusted EBITDA for the fourth quarter ending December 31, 2023 to be: Total Revenue in the range of $272 million to $278 million and Adjusted EBITDA in the range of $72 million to $75 million.
Tailwinds
- Total Revenue in the range of $272 million to $278 million.
- Bumble App Revenue of $221 million to $225 million.
- Adjusted EBITDA in the range of $72 million to $75 million.
Headwinds
- Total foreign currency benefit $6 million lower than previously estimated.
- Estimated unfavorable impact of approximately $1 million from the crisis in the Middle East, primarily in Bumble App Revenue
- Actual results may differ materially from Bumble’s financial outlook
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 Q3 2023
+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 | — | — | — |
Discussion
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