Bumble Inc.


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SKU: BMBL-1 Category:


Bumble ended the quarter on a mixed note, with total revenue of $242 million that was above market expectations. It had a positive adjusted EBITDA of $60 million but delivered wider-than-expected losses in its overall bottom-line. Bumble’s annual sales reached $904 million, up 19% from the previous year. The Bumble App revenue increased by 31%, with an increase of over 500,000 paying customers. In the United States, Bumble App’s Net Promoter Scores outperformed rival online dating services. Besides that, the company intends to continue the momentum over the next few years with its 2023 objectives. Sales and marketing expenses increased by 14% year on year. Product development expenses increased from $14 million to $16 million over the same time last year. Looking ahead, the management anticipates overall revenue will increase by 16% to 19%. We give Bumble an ‘Outperform’ rating with a revised target price.

Our Report Structure:

⦁ Company Overview
⦁ Investment Thesis
⦁ Key Drivers
⦁ Historical Quarterly Statement Analysis – Income Statement & Cash Flows
⦁ Historical Quarterly Balance Sheet Analysis
⦁ Historical Annual Financial Statement Analysis
⦁ Analysis Of Key Financial Ratios
⦁ Financial Forecasts For 3 Years
⦁ Forecasting The Capital Structure & Net Debt
⦁ Discounted Cash Flow Valuation
⦁ Trading Multiples
⦁ Key Risks
⦁ Disclosures

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