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Bumble Inc (BMBL) Q2 2021 Earnings Call Transcript
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Bumble Inc (BMBL) Q2 2021 Earnings Call Transcript
fool.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from fool.com Daily Mail and Mail on Sunday newspapers.
“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.
Sales rose 43% from the same period a year earlier to $171 million, beating the average analyst estimate and the company’s own prediction made in March. Total paying users increased 30% to 2.8 million, with an average revenue per user of $19.99, a more than $2 increase over last year, Bumble said Wednesday in a statement.
Operator
Ladies and gentlemen, thank you for standing by, and welcome to the Bumble Inc. first-quarter 2021 earnings call. [Operator instructions] As a reminder, today s program may be recorded. I would now like to introduce your host for today s program, Brinlea Johnson of The Blueshirt Group.
Please go ahead.
Investor Relations Contact
Thank you for joining us today to discuss Bumble s first-quarter 2021 financial results. With me today is Whitney Wolfe Herd, founder and CEO; Tariq Shaukat, president; and Anu Subramanian, CFO of Bumble, before we begin, I d like to remind everyone that certain statements made on this call today are forward-looking statements. These forward-looking statements are subject to various risks and uncertainties and reflect our current expectations based on our beliefs, assumptions and information currently available to us. Although we believe these expectations are reasonable, we undertake no obligation to revise any statements to reflect changes that
Bumble Swings to Profit and Doubles Revenue
Bumble shares retreated after the bell Wednesday even though the company swung to a first-quarter profit and doubled revenue as paid users grew significantly.
Author:
Shares of Bumble (
BMBL) - Get Report dropped in after-hours trading Wednesday even after the dating app swung to a first-quarter profit and more than doubled its revenue in its second report as a public company.
Shares of the Austin, Texas., company fell 2.54% to $46.04 at last check.
The dating app operator reported net earnings of $323.4 million, or $1.69 a share vs. a loss of $55.8 million, or 2 cents a share in the year-ago quarter, stronger than the FactSet consensus estimate of a GAAP loss of 3 cents a share.
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