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TechnologyStrong user growth drives Bumble's revenue beat, upbeat forecast Reuters 2 minute read The Bumble Inc. (BMBL) app is shown on an Apple iPhone in this photo illustration as the dating app operator made its debut IPO on the Nasdaq stock exchange February 11, 2021. REUTERS/Mike Blake/Illustration Bumble Inc (BMBL.O) forecast current-quarter revenue above estimates on Wednesday after beating expectations for the first, as more people turned to its online dating app to socialize while staying indoors during the COVID-19 pandemic. The owner of the dating app that requires women to m...

Strong user growth drives Bumble's revenue beat, upbeat forecast 05/12/2021 22:55 (Reuters) -Bumble Inc forecast current-quarter revenue above estimates on Wednesday after beating expectations for the first, as more people turned to its online dating app to socialize while staying indoors during the COVID-19 pandemic. The owner of the dating app that requires women to make the first move said total paying users surged 30% in the first three months of the year to 2.8 million, driving a more than 40% jump in revenue. The company has added friendship and professional-focused features such as Bum...

Bumble's (NASDAQ:BMBL) stock recently popped after the online dating company posted its first quarterly report as a public company. Its fourth-quarter revenue rose 31% year-over-year to $165.6 million. Bumble's revenue from its namesake app, which lets female users make the first move, increased 47% to $105.8 million. Its revenue from the older dating app Badoo, which is more popular in Europe and Latin America, and other smaller businesses rose 10% to $59.8 million. Bumble's adjusted EBITDA surged 101% to $44.1 million, boosting its adjusted EBITDA margin from 17.3% to 26.6%. But on a GAAP b...

Hinterhaus Productions/Getty Images Bumble Bizz is a separate section of the dating app that focuses on making professional connections. Bumble Bizz works exactly the same as the Date section, but you show off your work experience and professional goals. Just like the rest of the app, men can't message women first — women make the first move. The advent of dating apps like Tinder and Bumble changed the dating game, introducing phrases like "swipe right" and "swipe left" into our lexicon and bringing the idea of speed dating to a new generation. Later on, Bumble...

2 Min Read (This March 10 story corrects paragraph six to clarify that women are required to make the first move) FILE PHOTO: The Bumble Inc. (BMBL) app is shown on an Apple iPhone in this photo illustration as the dating app operator made its debut IPO on the Nasdaq stock exchange February 11, 2021. REUTERS/Mike Blake/Illustration (Reuters) - Bumble Inc on Wednesday said it expects pent up demand from people who had been avoiding dating in person due to the COVID-19 pandemic, after it reported a bigger-than-expected rise in fourth-quarter revenue. Dating apps have benefited from social dis...