Category: Badoo

Bumble’s First Acquisition Raises 3 Red Flags

Posted on February 11, 2022

Fruitz and Bumble logosTHE MOTLEY FOOL – Bumble recently agreed to buy Fruitz, a French dating app that lets its users express their intentions with four fruit-based metaphors: cherries, grapes, watermelons, and peaches. On the surface, Bumble's acquisition makes sense. It only operates two main apps, Bumble and Badoo. However, the deal also raises three red flags about Bumble that can't be ignored.

  1. Bumble needed to buy more growth
    Bumble ended Q3 of 2021 with 2.89M paying users across its two main apps, which represented 5% YOY growth. By comparison, Match's paying users rose 16% YOY to 16.3M.
  2. Fruitz probably won't add many paid users
    Fruitz has been downloaded ~5.6M times globally for iOS and Android devices, according to Sensor Tower. And we don't know how many paid users it actually has.
  3. Selling Badoo makes more sense
    Bumble generated more than twice as much average revenue per paying user than Badoo. Instead of acquiring another European-oriented app to offset Badoo's slowdown, it would have arguably made more sense to sell Badoo and reinvest that cash into Bumble's overseas expansion.

by Leo Sun
See full article at The Motley Fool

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Majority of Daters Feel Burnout From Seeing Incompatible People

Posted on December 6, 2021

Badoo logoMETRO.CO.UK – For many single people relying on apps to meet new romantic interests, there's a lot of wading through incompatibility. Research from dating app Badoo found that 78% of daters can relate to this experience. Respondents said they feel stress and burnout due to mismatched intentions, particularly when their dates aren't honest about what they want from a romantic connection from the off. On average, they found singles have six failed dates a year because of mismatched intentions, spending ~£285 a year on bad dates. Based on this feedback, Badoo have now launched intention setting on the app so that people can list one of the following on their profile: Here to date; Ready for a relationship; AND Open to chat.

by Tanyel Mustafa
See full article at Metro.co.uk

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Bumble Drops Below IPO Price

Posted on November 15, 2021

Badoo logo 2018GURUFOCUS – Bumble stock dipped 19% following the release of Q3 earnings which disappointed investors because of lackluster paid subscriber additions. The company is likely to come under more pressure in the coming months. Badoo saw its revenue decline 3% to $58M in Q3, while its number of paid users dipped 9% YOY to 1.33M. The average revenue per paid user rose by 6%. Revenue from the Bumble app came to $142M for the quarter, up 39% YOY. The total number of paid users and the average revenue per user increased by 5% and 19%, respectively. Although these numbers look promising, it is worth noting that the company reported a decline in paid users from the second to third quarters, which suggests the strong momentum behind the company’s online dating products is waning.

by Dilantha De Silva
See full article at GuruFocus

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Bumble Q3 Results: Revenue up 24%, Net Loss ~11M

Posted on November 11, 2021

Bumble logoBUMBLE – Bumble total revenue increased 24% to $201M, Bumble app revenue increased 39% to $142M. Badoo app and other revenue declined 3% to $58M. Total paying users increased to 2.9 M. Net loss was $10.7M, compared to net loss of $22.8M last year.

See full article at Bumble website

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Badoo Launches a Rude Message Detector

Posted on October 12, 2021

Badoo rude message detectorDAILYMAIL.CO.UK – Rude Message Detector will automatically flag any insulting, discriminatory or overly sexual messages. The tool uses machine learning, a form of AI, to distinguish between 'banter' and actual verbal abuse, such as 'identity hate' towards transgender people. It's been rolled out for all Badoo users worldwide. With Rude Message Detector, Badoo shows the recipient a timely pop-up message asking if everything is okay and encourages them to report the sender if the message made them uncomfortable. The pop-up says: 'Looks like this person used some rude language, so we're just checking if you still want to hear from them.' It then gives users two options to click on – 'Yes, keep chatting' and 'No, block and report'.

by Jonathan Chadwick
See full article at DailyMail.co.uk

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How Advances in Technology and Science Could Impact the Dating and Matchmaking Industry

Posted on August 6, 2021

Dating appsFORBES – Aug 5 – The art and science of matchmaking is a billion-dollar industry. Yet, many pitfalls exist such as safety, security and ineffective matching methods. These issues aren't as prevalent with professional matchmakers, however, not every singleton can afford to pay $15K and $150K for a high-end matchmaking service. This exposes a huge opening in the industry for dating apps and professional matchmakers to merge. How realistic is this, and what kind of technology or science can help achieve this idealistic goal?

Blockchain Technology
Companies such as Hicky and Viola have both implemented blockchain to increase transparency by requiring users to validate their identity via face and voice recognition, which is then fully encrypted and stored into the blockchain.

Artificial Intelligence
AI can help gather in-app user behavior data for machine learning algorithms to curate more relevant matches based on its users' core values, beliefs and personality traits. Coffee Meets Bagel, Hinge, Tinder and Badoo all now use AI .

Augmented Reality
AR can be described as a visual or audio overlay of digital life on real life, distinct from the purely digital landscape of virtual reality (VR).

DNA Matchmaking
DNA Romance is a dating app that matches partners based on the information hidden in their DNA to forecast romantic chemistry. Dr. Tim Sexton built the app on the basis that partners with opposite immune system genes (MHC genes) have much higher romantic chemistry.

by Taylor Wade
See full article at Forbes

Bumble to Offer Trauma Support to Victims of Sexual Assault

Posted on August 4, 2021

Bumble partners with BloomIRISH NEWS – Aug 4 – Bumble is partnering with Bloom, an online service run by UK-based Chayn. When a survivor reports sexual assault or relationship abuse to Bumble's feedback team, they will be provided with a code to access up to six therapy sessions as well as one-to-one chat support. The service is due to begin later this year, with plans to expand to Badoo in 2022.

See full article at Irish News

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Bumble Continues to Deliver as the Lock-Up Expiration Nears

Posted on July 2, 2021

Bumble logo 2020SEEKING ALPHA – July 2 – Bumble caters to ~40M monthly users and 2.8M paying users across the globe. Competing with Tinder, which still leads the way, Bumble is the 2nd highest-grossing app in the world when it comes to online dating. While the company reported strong Q1 earnings, Bumble stock fell sharply after reporting the numbers, pushing the stock price below the Initial public offering price of $43. After surging by over 70% on debut in February, Bumble stock hit a low of $38.91 on May 24 as analysts weighed on the company's first-quarter performance. Bumble reported revenue of $171M. Bumble's paid user count grew 44% YoY to 1.35M, while Badoo also saw 19% YoY paid user growth to 1.45M. In an important announcement, the company confirmed that it is planning to expand its horizons by emerging as a full-scale social media company, not just a company focused on providing online dating solutions. In terms of international expansion, Bumble has been seeing strong growth in Germany with Monthly Average Users growing at ~160 % YoY. Bumble's premium app is expected to be rolled out globally by the end of the year.

by Dilantha De Silva
See full article at Seeking Alpha

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Badoo Has Banned Screenshots

Posted on July 1, 2021

Badoo logo 2018INSIDER – July 1 – Badoo has introduced a Screenshot Block feature. Android users can no longer take screenshots of the app, and iOS users will get a warning message. The new policy is meant to discourage sharing private information and photos without permission.

by Andrea Michelson
See full article at Insider

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Bumble’s Q1 Results: Revenue up, Paying Users up 30%

Posted on May 13, 2021

Bumble logo wide 2021GLOBE NEWSWIRE – May 13 – Q1 revenue increased YOY to $170.7M (Bumble $112.6M, Badoo $58.1M). Total Paying Users increased 30% YOY to 2.8M, compared to 2.2M. Adjusted EBITDA was $46.1M, compared to $12.7M last year. The operating Q1 loss is $112.4M, compared to $53M in Q2 2020. Bumble anticipates revenue and adjusted EBITDA for the Q2 and year ending Dec 31, 2021 to be:

  • Q2 revenue in the range of $175 to $178M, adjusted EBITDA in the range of $42 to $44M.
  • Full year 2021 revenue in the range of $724 to $734M, adjusted EBITDA in the range of $177 to $182M.

See full article at Globe Newswire

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