NASDAQ$BMBL

Bumble Inc. · Q4 2020 earnings

Q4 2020 earnings · · Investor relations

Briefing

Bumble Inc. reported an increase in revenue and paying users due to team dedication and agility during the pandemic

Bumble Inc. reported a strong fourth quarter with a 31% increase in revenue to $165.6 million and a 32% increase in total paying users to 2.7 million. The Bumble app saw a 47% revenue increase, while Badoo app and other revenue increased by 10%. However, the company experienced a net loss of $26.1 million compared to a net income of $17.2 million in the same quarter of the previous year.

  • Revenue increased by 31% to $165.6 million.
  • Bumble app revenue increased by 47% to $105.8 million.
  • Total paying users increased by 32% to 2.7 million.
  • Net loss was $(26.1) million.

Headline financials

Total Revenue

$166M

Previous: $126M+31.1%
EPS (adj)

-$0.01

Previous: $0.11-109.2%
Bumble App ARPPU

$27.79

Previous: $27.00+2.9%
Badoo App and Other ARPPU

$13.10

Previous: $14.52-9.8%
Total ARPPU

$20.02

Previous: $19.99+0.2%
Net Income

-$26.1M

Previous: $12.1M-315.4%
Operating Income

-$20.7M

Previous: $19.3M-207.0%
Gross Profit

$121M

Previous: $91.6M+32.1%
Cash & Equivalents

$128M

No prior period
Total Assets

$3.64B

No prior period
Stock-Based Comp

$14.4M

No prior period

Revenue & EPS history

Bumble · Revenue · Quarterly

$166M

Q4 2020+31.1%vs Q4 2019
Beat estimate in 7 of 11 quarters(64%)
ActualEstimate

Revenue by segment

Bumble · $166M total across 2 segments · Q4 2020

  • Bumble App
    $106M+46.7%
  • Badoo App and Other
    $59.8M+10.3%

Forward guidance

Bumble anticipates Revenue and Adjusted EBITDA for the quarter ending March 31, 2021 and year ending December 31, 2021 to be:

Tailwinds

  • First quarter 2021 Revenue in the range of $163 to $165 million
  • First quarter 2021 Adjusted EBITDA in the range of $41 to $42 million.
  • Full year 2021 Revenue in the range of $716 to $726 million
  • Full year 2021 Adjusted EBITDA in the range of $173 to $178 million.

Headwinds

  • Actual results may differ materially from Bumble’s Financial Outlook as a result of, among other things, the factors described under “Forward-Looking Statements” below.
  • The non-GAAP adjustment for stock-based compensation expense requires additional inputs such as number of shares granted and market price that are not currently ascertainable
  • The non-GAAP adjustment for certain legal, tax and regulatory reserves and expenses depends on the timing and magnitude of these expenses and cannot be accurately forecasted.
  • The Company is unable to address the probable significance of the unavailable information
  • which could have a potentially unpredictable, and potentially significant, impact on its future GAAP financial results.

Historical earnings impact

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

Avg. return before/after earnings

Based on 20 quarterly earnings reports

Historical avg

+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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