CNBC TV – Aug 13 – Whitney Wolfe Herd appeared Thursday on "Mad Money" with Jim Cramer, where she discussed the growth potential of the company's Bumble BFF offering.
Category: Bumble
Bumble and Match Have Love Left to Give
Bumble’s Q2 Results – Revenue up 38%, $11M Loss
GLOBE NEWSWIRE – Aug 13 – Total revenue increased 38% to $186M. Bumble App Revenue grew 55% to $127M. Badoo App and other revenue grew 11% to $59M. Total paying users increased 20% to 2.9M. Net loss was $11M and, compared to net loss of $5.5M last year. Adjusted EBITDA was $52M, or 27.9% of revenue, compared to $32.5M, or 24.1% of revenue in Q2 2020.
Bumble Survey Says Covid Has Made Online Dating Better
THE PRINT – Aug 11 – 48% of people in a Bumble survey in India say there's an increased attention to a prospect's personality rather than looks. (Sample size 2,000 single Indians, conducted in June 2021). 74% of respondents said they have seen a decline in negative behaviour such as ghosting, breadcrumbing, and catfishing. One in three people said they feel less pressured while dating amid the pandemic. 45% of Indians believe online dating is a "norm" and the most usual way of going on dates. 72% were confident they could fall in love with a person they meet via dating apps.
Bumble to Offer Trauma Support to Victims of Sexual Assault
IRISH 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.
A Record Number of Americans Used Dating Apps in July
BLOOMBERG – Aug 4 – The lifting of health restrictions in many parts of the U.S. this summer created a big moment for online dating. Engagement on dating apps in the U.S. reached a record high in July. Daily active users on the most popular dating apps, including Tinder and Bumble topped 15M users, according to Apptopia, which began collecting data in 2015. But renewed concerns about Covid-19, driven by the spread of the delta variant, could pose another setback to people's dating lives — and the businesses that profit from them. Investors will get a peek inside that dynamic when Match reports quarterly results after the close of trading Tuesday. Bumble reports next week.
Bumble to Give Employees a Collective Week-long Holiday Twice a Year
CNBC – July 29 – In June, Bumble gave all its workers the same week off in an effort to combat burnout. Bumble said it was making the company-wide week-long vacation a permanent benefit to its 700 employees twice a year. In addition, its employees would now have unlimited paid vacation days with uniform minimums. But critics say it can backfire, with staff actually taking less holiday as a result.
Bumble Says Daters Are More Body Conscious Than They Were pre-Covid
METRO.CO.UK – July 27 – Bumble found in its latest research that users' confidence in physical appearance has dipped in this time. Over half of adults surveyed are now more concerned about their looks than they were pre-covid. Dr Caroline West, who specializes in sex and relationships, says: 'The pandemic has been a difficult time for us all, we have more time to reflect on ourselves and be self-critical.'
Bumble’s NYC Restaurant Debut Delayed
Bumble, Match Group, and the State of Online Dating
THE MOTLEY FOOL – July 20 – In this episode of Industry Focus: Consumer Goods, join Motley Fool analysts Asit Sharma and Emily Flippen as they take a look at the online dating industry, including dating trends coming out of the coronavirus pandemic as well as two of the biggest competitors: Match Group and Bumble.