Bumble Q2 beats: revenue $259.7M (+18.5%), net income $9.3M, paying users +20%

Bumble Inc.

2023-Q2 EPS reported $0.04 revenue$502,683,000

Total revenue $259.7M (+18.5% YoY); Bumble App revenue $208.0M (+23.4%).
Net earnings $9.3M vs net loss $5.0M a year ago; Adjusted EBITDA $67.3M (25.9% margin) vs $54.8M.
Bumble App paying users 2.5M, up 28% YoY, adding 139k sequentially; total paying users 3.6M.
Q3 2023 guidance: revenue $274-280M, Adjusted EBITDA $71-73M; FY23 revenue $1,055-1,072M, EBITDA margin growth ≥100bps.
Repurchased 1.3M shares for $20.9M under existing $150M buyback program.

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 0.99

Bumble Inc. reported the second quarter ended June 30, 2023 results: revenue Total Revenue increased 18.5% to $259.7 million, net income Net earnings were $9.3 million. Guidance reaffirmed.

Period: the second quarter ended June 30, 2023
Revenue: Total Revenue increased 18.5% to $259.7 million
Net income: Net earnings were $9.3 million
Guidance: reaffirmed
Result: reported results

Exact text from the filing

1933 or the Securities Exchange Act of 1934. --- EX-99.1 (EX-99.1) --- EX-99.1 Exhibit 99.1 Bumble Inc. Announces Second Quarter 2023 Results Total Revenue Increased 18% to $260 Million Bumble App Revenue Increased 23% to $208 Million Bumble App Paying Users Increased 28% to 2.5 Million; Grew 139,000 Quarter Over Quarter Net Earnings of $9.3 Million, Adjusted

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8 earnings releases filed in the last 30 days. Browse all earnings releases →

Bumble Inc. filing history →

Source: SEC EDGAR

accession 0000950170-23-039787

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