NASDAQ$BMBL
Bumble Inc. · Q4 2023 earnings
Q4 2023 earnings · · Investor relations
Briefing
Bumble's Q4 2023 revenue increased, but net loss was reported.
Bumble Inc. reported a 13.2% increase in total revenue to $273.6 million for Q4 2023, driven by growth in both Bumble App and Badoo App revenues. However, the company experienced a net loss of $32.0 million, although this was an improvement compared to the previous year's net loss of $159.2 million.
- Total revenue increased by 13.2% year-over-year to $273.6 million.
- Bumble App revenue grew by 15.7% year-over-year to $220.7 million.
- Total paying users increased by 16.4% year-over-year to 4.0 million.
- Net loss improved to $32.0 million from $159.2 million in the prior year.
Headline financials
Revenue & EPS history
Bumble · Revenue · Quarterly
$274M
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 Total Revenue between $262 million and $268 million, Bumble App Revenue between $211 million and $215 million, and Adjusted EBITDA between $67 million and $70 million for the first quarter of 2024. For the full year 2024, the company anticipates Total Revenue growth of 8% to 11% and Bumble App Revenue growth of 9% to 11%.
Tailwinds
- Total Revenue between $262 million and $268 million for Q1 2024
- Bumble App Revenue between $211 million and $215 million for Q1 2024
- Adjusted EBITDA between $67 million and $70 million for Q1 2024, representing 26% margin at the midpoint of the range
- Total Revenue growth of 8% to 11% for full year 2024
- Bumble App Revenue growth of 9% to 11% for full year 2024
Headwinds
- Expected severance and other non-recurring charges related to the transformation initiative of between $20 million and $25 million
- The quantification of certain items included in the calculation of GAAP net earnings (loss) cannot be calculated or predicted at this time without unreasonable efforts.
- 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.
- Actual results may differ materially from Bumble’s financial outlook as a result of, among other things, the factors described under “Forward-Looking Statements”
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 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 | — | — | — |
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