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Bumble Stumbles in Afterhours as Q3 Guidance Falls Short

By Yasin Ebrahim

Investing.com -- Bumble reported wider-than-expected second-quarter losses and forecast softer current quarter guidance flagging a hit from the Ukraine war and a stronger dollar.      

Bumble Inc (NASDAQ:BMBL) was down more than 12% in afterhours trading following the report.

Bumble reported a loss of 3 cents, missing Wall Street estimates for a loss of a penny, but revenue of $220.45 million topped estimates for $219.6 million.

The beat on the top line was driven by a 33% increase in Bumble app revenue as app paying users grew 31% to 1.9 million, taking total paying users to 3.0 million, up from 2.9 million in the same period a year ago. 

Revenue per paying user increased to $23.65 from $20.88 as the company expanded into more markets globally.

Looking to the third quarter, the company forecast revenue in a range of $236 million to $240 million, flagging a $6 hit from the Ukraine war and $12 million from the stronger dollar. That compared with Wall Street estimates for $245 million. 

For the full-year, revenue was expected to be in a range of $920 million to $930 million, down from prior guidance of between $934 million to $944 million. 

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CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71.4% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.