BMBL - Bumble Shares Soar On Q1 Earnings Beat: The Details | Benzinga
Bumble Inc. (NASDAQ:BMBL) shares surged by more than 12% Thursday afternoon following the release of the company’s robust first-quarter financial results.
What To Know: Bumble reported impressive first-quarter 2024 results, outperforming expectations across key metrics. The company posted EPS of 19 cents, surpassing estimates of 7 cents by 171.43%, while sales of $267.77 million exceeded expectations of $242.9 million by 0.87%.
Bumble saw total revenue increase by 10.2%, with Bumble App revenue growing by 11.1% to $215.8 million. Notably, paying users expanded to 4 million, contributing to adjusted EBITDA of $74 million.
Bumble’s strong performance drove a surge in ...