BMBL

Bumble reports Q2 revenue down 8% YoY to $248.2M, vs. $245.1M est., a $367M net loss, and total paying users down 8.7% YoY to 3.8M; BMBL falls 20%+

Kritika Lamba / Reuters :

Bumble plans to lay off 30% of its workforce, or ~240 roles, and invest the up to $40M saved annually into new product and tech development; BMBL jumps 15%+

Bumble shares rallied more than 26% Wednesday after the dating app company revealed in a securities filing that it intends to slash 30% of its workforce, or about 240 roles.

Bumble reports Q1 revenue down 7.7% YoY to $247.1M, in line with $246.2M est., with Bumble app paying users falling ~1% YoY to 2.7M; BMBL jumps ~7%

Kritika Lamba / Reuters :

Bumble reports Q2 revenue up 3.4% YoY to $268.6M, vs. $273.2M est., and projects 1% to 2% annual revenue growth, vs. 8.4% expected; BMBL drops 28%+

Evan Gorelick / Bloomberg :

Bumble reports Q3 revenue up 18.4% YoY to $275.5M, vs. $277M est., net earnings down 13% YoY to $23.1M, and forecasts Q4 revenue below estimates; BMBL drops 6%+

Bumble closes up 63.5% on its first day of trading, giving it a valuation of about $13B, after raising $2.15B in its IPO

after ending some awkward relationships Aaron Pressman / Fortune : Bumble IPO makes CEO Whitney Wolfe Herd a billionaire The Economic Times : ETtech Evening Briefing on Feb 12, 2021: Meesho to join un...