Bumble Inc
NASDAQ:BMBL
Bumble Inc
Bumble, Inc. provides online dating services via two mobile applications: Bumble and Badoo. The company is headquartered in Austin, Texas and currently employs 900 full-time employees. The company went IPO on 2021-02-11. The firm is primarily engaged in online dating platform business. Its platform enables people to connect and build equitable and healthy relationships on their own terms. The company operates two dating mobile applications (app), such as Bumble and Badoo. The Bumble app is built with women at the center. Its subscription offerings include Bumble Boost and Bumble Premium, which provide users with additional features. The company offers users flexible subscription plans, such as 7-day, 30-day and 90-day. In addition to dating, it also provides products, including Bumble BFF for friendships and Bumble Bizz for professional networking and mentorship. Its serves across countries, including the United States, United Kingdom, Australia and Canada. The Badoo app offers Web and mobile free-to-use dating products. The company focuses on building meaningful connections to everyone. Its subscription offerings on Badoo app are Badoo Premium and Badoo Premium Plus.
Bumble, Inc. provides online dating services via two mobile applications: Bumble and Badoo. The company is headquartered in Austin, Texas and currently employs 900 full-time employees. The company went IPO on 2021-02-11. The firm is primarily engaged in online dating platform business. Its platform enables people to connect and build equitable and healthy relationships on their own terms. The company operates two dating mobile applications (app), such as Bumble and Badoo. The Bumble app is built with women at the center. Its subscription offerings include Bumble Boost and Bumble Premium, which provide users with additional features. The company offers users flexible subscription plans, such as 7-day, 30-day and 90-day. In addition to dating, it also provides products, including Bumble BFF for friendships and Bumble Bizz for professional networking and mentorship. Its serves across countries, including the United States, United Kingdom, Australia and Canada. The Badoo app offers Web and mobile free-to-use dating products. The company focuses on building meaningful connections to everyone. Its subscription offerings on Badoo app are Badoo Premium and Badoo Premium Plus.
Revenue & Profit: Q3 revenue came in at $246 million, near the high end of guidance but down 10% year-over-year due to intentional actions to improve member quality.
Strategic Reset: The company is prioritizing 'quality over quantity' by tightening verification, reducing low-intent profiles, and focusing on trust and safety, which is causing near-term declines in member registrations and paying users.
Profitability: Adjusted EBITDA was $83 million with a margin of 34%, up from 30% last year, aided by reduced marketing spending and headcount restructuring.
Q4 Guidance: Q4 revenue is expected between $216 million and $224 million (down 17% to 14% YoY), and adjusted EBITDA between $61 million and $65 million, with margins normalizing as investments resume.
AI & Product Innovation: Bumble is launching incremental upgrades to profiles, verification, and matching, and is building a new AI-first cloud-native platform and a stand-alone AI product, both to roll out over the next two years.
Cost Discipline: Marketing and headcount expenses were cut, but selective hiring in AI and product will continue; cash position remains strong at $308 million.
Capital Structure: Bumble is eliminating its TRA liability for $186 million using available cash, simplifying its balance sheet and improving strategic flexibility.
