earnings
confidence high
sentiment positive
materiality 0.70
Bumble Q4 revenue $208.2M (+25.7%); exits Russia operations; FY22 App guidance 34-36% growth
Bumble Inc.
- Q4 revenue $208.2M (+25.7% YoY); Bumble App revenue $150.5M (+42.2%) with 1.64M paying users (+29% YoY).
- Full year 2021 revenue $765.7M; net income $286.9M vs net loss of $110.2M in 2020 period.
- Q4 net loss improved to $14.7M from $26.1M; adjusted EBITDA $54.8M (26.3% margin).
- Discontinuing operations in Russia; removing apps from stores in Russia and Belarus. Russia/Ukraine/Belarus was ~2.8% of 2021 revenue.
- Bumble App FY2022 revenue growth guidance: 34% to 36% YoY, driven by international expansion and product innovation.