Category: Bumble
Bumble Stock up 16%
MARKETWATCH – Shares of Bumble were up ~16% in after-hours trading Tuesday after the online-dating company posted upbeat user-growth numbers. Bumble had 1.64M paying users in Q4, up from 1.27M a year prior. Bumble disclosed that it plans to discontinue its operations in Russia.
Bumble Q4 and Full Year 2021 Results
BUMBLE – In addition to announcing its Q4 and full year 2021 results, Bumble has also announced that it is discontinuing its operations in Russia, as well as removing all of its apps from the Apple App Store and Google Play Store in Russia and Belarus. The combined revenue from Russia, Ukraine, and Belarus was ~2.8% of total Bumble annual revenue in 2021.
Q4 2021 Financial Highlights:
- Revenue increased 25.7% YOY to $208.2M.
- Bumble app revenue increased 42.2% to $150.5M.
- Badoo app and other revenue decreased (3.5)% to $57.7M.
- Total paying users increased 10.6% to 3M.
- Net loss was $14.7M, compared to net loss of $26.1M in Q1 2021.
Full Year 2021 Financial Highlights:
- Revenue was $765.7M, compared to $542.2M in 2020.
- Bumble app revenue was $532.9M, up from $337.2M in 2020.
- Badoo app and other revenue was $232.8M, compared to $205M.
- Net earnings were $286.9M, compared to loss $(110.2)M in 2020.
Bumble: Going Into Q4 Earnings, What to Think About
SEEKING ALPHA – Bumble is about to report its Q4 2021 next week. Revenues should increase. Paying users are up. Bumble is down ~65% in 6 months. However, facts demonstrate a business that is thriving. As of Q3 2021, Bumble carried a net debt position of approximately $335m. This is manageable. Q3 2021 saw Bumble's EBITDA margins go from 33.1% to 27.2%. Q4 2021 is guided for EBITDA margins of 26%.
by Michael Wiggins De Oliveira
See full article at Seeking Alpha
Mark Brooks: Match is the behemoth, and Bumble the contender. There is much to love about both companies.
Class Action Lawsuit Filed Against Bumble
PR NEWSWIRE – The law firm of Kessler Topaz Meltzer & Check, LLP filed a securities class action lawsuit against Bumble for omissions and fraudulent misrepresentations relating to the company's business, operations, and prospects. The complaint alleges that the Registration Statement failed to disclose any problems plaguing Bumble's dating apps or the slowdown in Bumble's paying user growth.
Why the VC Missed out on Gaming and Online Dating
DOT.LA – When Andrew Chen first began investing in LA startups as a general partner at Andreessen Horowitz, he says there were two areas of opportunity that they left unexplored: online dating and video games. "We'd never invest in online dating, and we'd never invest in video games," Chen said at the Upfront Summit venture capital conference in Downtown L.A. "In the next couple years, if you'd invested in Tinder and Bumble, they would have been really good – but for a while those were considered unattractive." Chen said he's now spending "more than half my time" vetting gaming investments, in particular. "Our goal is to invest in what might be the next major social networks," Chen said.
Bumble Pushes to Make Cyber Flashing Illegal in All States
WTSP – Cyber flashing is sending a nude, unsolicited picture of a body part to someone. Bumble, started a movement to make cyber flashing illegal. The company is headquartered in Texas, which is the first and only state to make cyber flashing illegal. In 2019, lawmakers passed House Bill 2789 that criminalizes cyber flashing. With that law in place, a person can be fined $500 for cyber flashing in the state of Texas. Bumble is trying to get the same law in all states by educating people on what it is and why it is a problem.
Usage of Top Dating Apps Grew 20% YoY in January
IANS – The monthly active users of Tinder, Bumble, and Hinge collectively grew 17% in January 2022, when compared to January 2019, globally. According to Sensor Tower, Tinder has maintained its majority market share among top dating apps in the US for the last five years. From January 2019 through January 2022, Bumble and Hinge's monthly active users reached a fraction of Tinder's, however, their user bases have grown over that time.
See full article at Daiji World
See the top news on Tinder
See the top news on Hinge
See the top news on Bumble
Bumble’s First Acquisition Raises 3 Red Flags
THE 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.
- 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. - 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. - 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
See the top news on Bumble
See the top news on Fruitz
See the top news on Badoo
Bumble Acquires French Gen Z Dating App, Fruitz
TECH CRUNCH – Bumble is adding the fast-growing French dating app Fruitz to its family of apps. Deal terms were not being disclosed. The quirky app Fruitz assigns a fruit to each particular kind of relationship type, ranging from those who want long-term commitments to those in search of one-night action. This allows users to filter out those who aren't on the same page as them. It also prompts users to answer questions that serve ice breakers before messaging their match. Fruitz was co-founded by Julian Kabab (CEO), Fabrice Bascoulergue (CTO), and Arnaud Ruols (CFO) and initially launched in France in Feb, 2017. To date, Fruitz has been downloaded 5.6M times globally across the App Store and Google Play, according to Sensor Tower. As of Feb. 3, 2022, the app was ranked No. 4 on the iPhone's top free charts in the "Lifestyle" category in its home market of France.
by Sarah Perez
See full article at Tech Crunch
This post also appears on InternetDatingInvestments.com