THE MOTLEY FOOL – Bumble went public in February at $43 per share. The stock opened at $76 a share on the first trading day, peaked at $84.80 a few days later, but lost its momentum and dropped below its IPO price in May. The stock now trades in the low $50s, but it's volatile debut burned many investors. It could still double or triple within the next five years if its revenue continues to rise 20% annually. Bumble's biggest near-term challenge is the pandemic. Its revenue increased 36% in 2019, but it grew just 19% in 2020 as more people stayed at home. Growth accelerated again in the H1 of 2021 as people started to go out again, and it expects its revenue to increase 29% to 31% for the full year. Next year, analysts expect Bumble's revenue to rise 24% to $943M. Over the next five years, Bumble will likely continue to grow. It might acquire more apps to gain new users, but it could also expand Bumble's non-dating features to become a female-oriented social network.
by Leo Sun
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