Bumble 's (NASDAQ: BMBL) stock has declined nearly 40% over the past month and now trades roughly 20% below its IPO price of $43 per share.
Most of that decline occurred after Bumble released its third-quarter report on Nov. 10. It beat analysts' estimates on the top line, but missed their profit estimates and lost paid users on a sequential basis. Those problems largely overshadowed its higher revenue and adjusted earnings before interest, taxes, depreciation, and amortization ( EBITDA ) guidance for the full year.
I recently covered Bumble's third-quarter miss in detail , but today I'll focus on the online dating company's curious focus on the "metaverse" -- which blurs the lines between the physical and digital worlds -- in its latest conference call . Let's see if it actually makes sense for Bumble to focus on the metaverse, or if it's merely trying to generate some hype with this new buzzword.
For further details see:
Do Bumble's Metaverse Ambitions Make Any Sense?