- The pandemic initially affected online dating and Bumble in a very negative fashion, as the dating scene was interrupted when bars, restaurants, and movie theaters closed.
- Exiting the first quarter, Bumble is currently seeing strong growth in the USA, Germany, France and Benelux region.
- Bumble differentiates from Match Group by focusing on relationships in dating, friendship and business with women's perspective in mind.
- Bumble is currently focused on monetizing both the Bumble and Badoo app through various new features like advanced filters, Bumble Premium, and in-app purchase features.
- I believe Bumble is a buy for both short-term recovery from COVID reasons and long-term secular growth reasons.
For further details see:
Bumble: A Great COVID Recovery Play