financetom
Business
financetom
/
Business
/
Bumble beats first-quarter revenue estimates, shares surge
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Bumble beats first-quarter revenue estimates, shares surge
May 8, 2024 1:43 PM

(Reuters) -Bumble beat Wall Street estimates for first-quarter revenue on Wednesday, a sign that its push for attracting payers at its dating apps is paying off.

Shares of the Austin, Texas-based company, which offers dating apps such as Bumble, Badoo, and Fruitz, rose more than 4% in aftermarket trading.

Bumble has benefited from its aggressive marketing efforts, in a bid to tap younger users and women.

Last week, Bumble unveiled its anticipated app refresh, with a new logo, a move announced in February, that comes with new features including allowing women to set a question that their potential match could respond to.

In the first quarter, global Bumble downloads growth rose 18% from a year earlier, according to market intelligence firm Sensor Tower on Monday.

The company's first-quarter revenue rose 10.2% to $267.8 million, beating analysts' average estimate of $265.5 million, according to LSEG data.

Total paying users across Bumble's apps increased to 4 million in the first-quarter ended March 31, from 3.5 million a year earlier.

Bumble expects second-quarter revenue between $269 million and $275 million, compared with analysts' average estimate of $278.6 million, according to LSEG data.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Lululemon Q1 Earnings: Revenue Beat, EPS In Line, Shares Tumble On Weaker Earnings Forecast
Lululemon Q1 Earnings: Revenue Beat, EPS In Line, Shares Tumble On Weaker Earnings Forecast
Jun 5, 2025
Lululemon Athletica Inc ( LULU ) reported first-quarter financial results Thursday after the market close. Here’s a look at the key details from the quarter. Q1 Earnings: Lululemon reported first-quarter revenue of $2.37 billion, beating the consensus estimate of $2.36 billion, according to Benzinga Pro. Total revenue was up 7% on a year-over-year basis as Americas net revenue increased 3% and international...
Petco Health Fiscal Q1 Loss Narrows, Revenue Declines
Petco Health Fiscal Q1 Loss Narrows, Revenue Declines
Jun 5, 2025
04:31 PM EDT, 06/05/2025 (MT Newswires) -- Petco Health & Wellness (WOOF) reported late Thursday fiscal Q1 net loss of $0.04 per diluted share, narrowing from a loss of $0.17 a year earlier. Analysts polled by FactSet expected a loss of 0.02. Net sales for the three months ended May 3 were $1.49 billion, down from $1.53 billion a year...
Google agrees $36 million fine for anti-competitive deals with Australia telcos
Google agrees $36 million fine for anti-competitive deals with Australia telcos
Aug 17, 2025
SYDNEY, Aug 18 (Reuters) - Google agreed on Monday to pay a A$55 million ($35.8 million) fine in Australia after the consumer watchdog found it had hurt competition by paying the country's two largest telcos to pre-install its search application on Android phones, excluding rival search engines. The fine extends a bumpy period for the Alphabet-owned internet giant in Australia,...
Blueprint Medicines Insider Sold Shares Worth $340,033, According to a Recent SEC Filing
Blueprint Medicines Insider Sold Shares Worth $340,033, According to a Recent SEC Filing
Jun 5, 2025
04:30 PM EDT, 06/05/2025 (MT Newswires) -- Percy H. Carter, Chief Scientific Officer, on June 03, 2025, sold 2,659 shares in Blueprint Medicines ( BPMC ) for $340,033. Following the Form 4 filing with the SEC, Carter has control over a total of 54,206 common shares of the company, with 54,206 shares held directly. SEC Filing: https://www.sec.gov/Archives/edgar/data/1597264/000141588925015767/xslF345X05/form4-06052025_040601.xml ...
Copyright 2023-2026 - www.financetom.com All Rights Reserved