Bumble Adds Users, Makes Profit, But Gives Cautious Outlook
Bloomberg 2 hrs ago Jackie Davalos
(Bloomberg) Bumble Inc., the dating app that gives women the first move, added new users in the first quarter and reported a jump in revenue, but remained cautious about how fast people will return to in-person socializing.
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“It’s still unpredictable,” Chief Financial Officer Anu Subramanian said on a call with analysts after reporting results. “There isn’t always a perfect correlation between when a market opens up and when people actually start engaging actively in the dating ecosystem.” The shares fell about 1% in late trading, after closing at $47.24 Wednesday in New York.
Bumble Adds Users, Makes Profit, But Gives Cautious Outlook
Bloomberg 2 hrs ago Jackie Davalos
(Bloomberg) Bumble Inc., the dating app that gives women the first move, added new users in the first quarter and reported a jump in revenue, but remained cautious about how fast people will return to in-person socializing.
Popular Searches
“It’s still unpredictable,” Chief Financial Officer Anu Subramanian said on a call with analysts after reporting results. “There isn’t always a perfect correlation between when a market opens up and when people actually start engaging actively in the dating ecosystem.” The shares fell about 1% in late trading, after closing at $47.24 Wednesday in New York.
Bumble Adds Users, Swings to Profit But Gives Cautious Outlook
Bloomberg 1 hr ago Jackie Davalos
(Bloomberg) Bumble Inc., the dating app that gives women the first move, added new users in the first quarter and reported a jump in revenue, but remained cautious about how fast people will return to in-person socializing.
“It’s still unpredictable,” Chief Financial Officer Anu Subramanian said on a call with analysts after reporting results. “There isn’t always a perfect correlation between when a market opens up and when people actually start engaging actively in the dating ecosystem.” The shares fell about 2.4% in late trading, after closing at $47.24 Wednesday in New York.
Bumble Gives Upbeat Outlook, Signaling Return to Social Life
Bloomberg 3/10/2021 Brody Ford
(Bloomberg) Bumble Inc., owner of the dating app where women make the first move, gave an outlook for revenue in the first quarter that slightly beat analysts’ estimates, reflecting optimism that a waning coronavirus will encourage people to ramp up their social lives.
“There has never been a moment in recent history that will present itself with such a demand to meet new people and to date again,” said Chief Executive Officer Whitney Wolfe Herd on an investor call Wednesday.
The Austin-based company is predicting revenue of $163 million to $165 million in the current period. Wall Street was forecasting $163 million, according to data compiled by Bloomberg. For the whole year, Bumble sees sales of $716 million to $726 million, also ahead of expectations.
(Bloomberg) Bumble Inc., the dating app where women make the first move, is targeting to raise as much as $1.8 billion from its U.S. initial public offering after boosting the size of the deal.The company plans to sell 45 million shares for $37 to $39 apiece, it said in a filing Monday with the U.S. Securities and Exchange Commission. Bumble previously indicated it would look to sell 34.5 million shares at $28 to $30.At the top of the new range, the IPO would value Bumble at about $8 billion, based on the outstanding Class A shares detailed in its listing document. Private equity firm the Blackstone Group Inc. took a majority stake in Bumble’s parent company in 2019, in a transaction that valued it at $3 billion.Austin, Texas-based Bumble was founded in 2014 by Chief Executive Officer Whitney Wolfe Herd. It plans for its shares to begin trading on Feb. 11, the Thursday before Valentine’s Day, Bloomberg News has previously reported.The offering is being led by Goldman Sa