Bumble sees FY24 revenue growth rate ‘at least in low teen’

In its Q3 earnings call yesterday, the company stated: “As such, our initial assumptions for 2024 are for total Bumble Inc.’s year-over-year revenue growth rate to be at least in the low teens. This assumes approximately 150 basis points of estimated year-over-year headwinds from FX. On an FX-adjusted basis, this would translate to a growth rate of approximately 15%. As we finalize our investment priority for next year, we will continue being disciplined on our spend. We expect full year adjusted EBITDA margin to expand between 50 to 100 basis points next year. We will share a more comprehensive outlook in our next earnings call when we discuss Q4 results.”