2023-05-04 16:41:49 ET
- Bumble press release ( NASDAQ: BMBL ): Q1 GAAP EPS of -$0.01.
- Revenue of $243M (+15.7% Y/Y).
- Shares +5.7% .
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Bumble App Revenue Increased 26% to $194 Million
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Bumble App Paying Users Increased 31% to 2.3 Million; Grew 98,000 Quarter Over Quarter
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Board of Directors Approves $150 Million Share Repurchase
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Total Paying Users increased to 3.5 million, compared to 3.0 million.
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Total Average Revenue per Paying User ("ARPPU") increased to $22.83, compared to $22.63.
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Net loss was $2.3 million or (1.0)% of revenue, compared to net earnings of $23.7 million, or 11.3% of revenue.
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Adjusted EBITDA was $59.3 million, or 24.4% of revenue, compared to $49.8 million, or 23.7% of revenue.
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Outlook Q2:
- Total Revenue in the range of $254 million to $258 million, which includes:
- Bumble App Revenue of $205 million to $208 million.
- Adjusted EBITDA in the range of $62 million to $64 million.
Outlook FY:
- Total Revenue year over year growth in the range of 16% to 19%.
- Bumble App Revenue year over year growth in the range of 22% to 25%.
- Adjusted EBITDA margin growth of at least 100 basis points.
- Total Revenue in the range of $254 million to $258 million, which includes:
For further details see:
Bumble GAAP EPS of -$0.01, revenue of $243M