Bumble, Inc ( (BMBL) ) has released its Q1 earnings. Here is a breakdown of the information Bumble, Inc presented to its investors.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Bumble Inc., a leading online dating and social networking company, operates platforms such as Bumble, Badoo, and Bumble For Friends, focusing on fostering meaningful connections with a unique emphasis on women-centric features.
In its first quarter of 2025, Bumble Inc. reported a decline in total revenue by 8% to $247 million compared to the previous year. The company also experienced a decrease in Bumble App revenue by 6% and a slight drop in paying users. Despite these challenges, the company remains committed to enhancing user experience and driving long-term growth.
Key financial highlights include a decrease in total paying users to approximately 4 million and a reduction in average revenue per paying user to $20.24. Net earnings were reported at $19.8 million, representing 8% of revenue, while adjusted EBITDA stood at $64.4 million, or 26.1% of revenue. The company also repurchased $28.7 million of its shares during the quarter.
Looking ahead, Bumble Inc. anticipates revenue for the second quarter of 2025 to be between $235 million and $243 million, with adjusted EBITDA expected to range from $79 million to $84 million. The company remains focused on optimizing profitability and reigniting sustainable growth.