Consumers are becoming more price sensitive, but not when it comes to finding love and connection. Bumble (NASDAQ: BMBL) , the online dating platform, recently announced strong sales growth for the period that ended in late June while taking a big step toward profitability.
The management team celebrated the positive momentum while slightly lifting their 2022 sales expectations. That boost helped set the company apart from peers like Match , which is seeing weaker results in some of its dating apps.
Does Bumble's improving financial picture make the stock a buy right now, or might the business struggle to keep standing out in a crowded space?
For further details see:
Should You Buy Bumble As Monthly User Fees Approach $30?