Bumble

  • Bumble, the parent of the dating app where women make the first move, reported financial results  which missed revenue and earnings estimates.

  • The Austin Texas headquartered company, which includes apps Badoo, Fruitz, and   Bumble, grew revenues 25.7% YoY to $208.2 million thanks to a 42.2% increase   in the Bumble app revenue. This was partially offset by a 3.5% decline in the   Badoo App and other revenue.

  • EBITDA   rose 24.1% YoY to $54.8 million, with the adjusted EBITDA margin slightly   lower at 26.3%.

  • The   matchmaker reported a loss per share of $0.08 from a loss of $0.01 per share   in the same quarter a year ago as increased costs and expenses more than   offset higher revenues.

  • Bumble   saw paying customers increase 10.6% to 3.0 million users, with the Average   Revenue Per User (ARPU) increasing 14.03% to $22.83.

  • The company announced that it would discontinue its operations in Russia, Ukraine   and Belarus (2.8% of total annual revenue in 2021). It expects to lose $2   million in Q1 2022 and $20 million for the full-year 2022 as a result.

  • At the end of the fourth quarter, Bumble had increased cash and cash equivalents   by 188.4% YoY to $369.2 million. Meanwhile, long-term debt was 24.4% lower   YoY to $620.4 million. Free cash flow, cash flow from operations ex-capex,   for 2021 amounted to $91.2 million.

  • Bumble expects the Bumble App to grow revenues 34% to 36% YoY in 2022, with Q1 2022   revenue anticipated to be between $207 and $210 million. It is also   forecasting an EBITDA margin expansion to 27% for FY 2022.

  • Analysts   have a moderate buy recommendation on the stock. Jefferies has a target price   on Bumble of $36, or 55% upside to the current price.

Bumble