Bumble Q1 revenue up 16% to $243M, Bumble App users +31%; board authorizes $150M buyback

Bumble Inc.

2023-Q3 EPS reported -$0.01 revenue$242,948,000

Total revenue $242.9M (+16% YoY); Bumble App revenue $194.3M (+26%), Badoo revenue $48.7M (-13%).
Bumble App paying users 2.32M (+31% YoY, +98k QoQ); total paying users 3.46M.
Net loss $2.3M vs prior-year net income $23.7M; Adj. EBITDA $59.3M (24.4% margin) up from $49.8M.
Board authorized $150M share repurchase program for Class A common stock.
Reiterated full-year guidance; total ARPPU $22.83 vs $22.63; Bumble App ARPPU $27.93 vs $28.99.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Bumble Inc. reported first quarter ended March 31, 2023 results: revenue $242.9 million, net income $2.3 million. Guidance reaffirmed.

Period: first quarter ended March 31, 2023
Revenue: $242.9 million
Net income: $2.3 million
Guidance: reaffirmed
Result: reported results

Exact text from the filing

Act of 1933 or the Securities Exchange Act of 1934. --- EX-99 (EX-99.1) --- EX-99 Exhibit 99.1 Bumble Inc. Announces First Quarter 2023 Results Total Revenue Increased 16% to $243 Million Bumble App Revenue Increased 26% to $194 Million Bumble App Paying Users Increased 31% to 2.3 Million; Grew 98,000 Quarter Over Quarter Board of Directors Approves $150 Million

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Bumble Inc. filing history →

Source: SEC EDGAR

accession 0000950170-23-017832

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