NASDAQ$BMBL

Bumble Inc. · Q4 2022 earnings

Q4 2022 earnings · · Investor relations

Briefing

Bumble Inc. reported strong Q4 2022 results, driven by Bumble App revenue growth and increased paying users.

Bumble Inc. announced its Q4 and Full Year 2022 results, with total revenue increasing by 16.7% to $241.6 million in Q4 2022. Bumble App revenue grew by 27.7% to $190.8 million, and total paying users increased by 14.4% to 3.4 million.

  • Total revenue increased by 16.7% to $241.6 million.
  • Bumble App revenue grew by 27.7% to $190.8 million.
  • Total paying users increased by 14.4% to 3.4 million.
  • Net loss was $159.2 million, compared to a net loss of $13.9 million in Q4 2021.

Headline financials

Total Revenue

$242M

Previous: $208M+16.0%
EPS (adj)

$0.23

Previous: $0.13+76.9%
Bumble App ARPPU

$28.64

Previous: $30.57-6.3%
Badoo App and Other ARPPU

$12.48

Previous: $13.33-6.4%
Total ARPPU

$23.01

Previous: $22.83+0.8%
Net Income

-$159M

Previous: -$14.7M-983.3%
Operating Income

-$147M

Previous: -$4.59M-3114.3%
Gross Profit

$174M

Previous: $153M+13.3%
Cash & Equivalents

$403M

Previous: $369M+9.0%
Total Assets

$3.69B

Previous: $3.78B-2.2%
Stock-Based Comp

$33.8M

Previous: $24.4M+38.6%

Revenue & EPS history

Bumble · Revenue · Quarterly

$242M

Q4 2022+16%vs Q4 2021
Beat estimate in 11 of 15 quarters(73%)
ActualEstimate

Revenue by segment

Bumble · $242M total across 2 segments · Q4 2022

  • Bumble App
    $191M+26.8%
  • Badoo App and Other
    $50.8M-12.0%

Forward guidance

Bumble anticipates total revenue, adjusted EBITDA and adjusted EBITDA margin for the quarter ending March 31, 2023 and year ending December 31, 2023.

Tailwinds

  • Total revenue in the range of $238 million to $243 million for Q1 2023.
  • Bumble App revenue of $190 million to $193 million for Q1 2023.
  • Adjusted EBITDA in the range of $53 million to $56 million for Q1 2023.
  • Total revenue year over year growth in the range of 16% to 19% for full year 2023.
  • Bumble App year over year revenue growth in the range of 22% to 25% for full year 2023.

Headwinds

  • An unfavorable impact of approximately $10 million of revenue from foreign currency movements as well as from the Ukraine conflict in Q1 2023.
  • The revenue outlook for first quarter 2023 is based on the following considerations: An unfavorable impact of approximately $10 million of revenue from foreign currency movements as well as from the Ukraine conflict due to the company's subsequent decision to remove all of its apps from the Apple App Store and Google Play Store in Russia and Belarus.
  • This will predominantly impact Badoo App and Other revenue.
  • Actual results may differ materially from Bumble’s financial outlook
  • These statements are subject to various risks and uncertainties.

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 Q4 2022

Historical avgQ4 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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