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Dating app owner Bumble beats estimates on strong user growth

(Reuters) -Bumble Inc beat first-quarter profit and revenue estimates on Wednesday, helped by a rise in paying members crowding its dating apps to seek connection, sending the...
Dating app owner Bumble beats estimates on strong user growth © Reuters. FILE PHOTO: The Bumble Inc. (BMBL) app is shown on an Apple iPhone in this photo illustration as the dating app operator made its debut IPO on the Nasdaq stock exchange February 11, 2021. REUTERS/Mike Blake/Illustration

(Reuters) -Bumble Inc beat first-quarter profit and revenue estimates on Wednesday, helped by a rise in paying members crowding its dating apps to seek connection, sending the company's shares up 11% in after-hours trading.

The resurgence in COVID-19 cases has helped dating apps to keep users picked up during the pandemic, as people stuck at home sought virtual social interaction.

Data from research firm Apptopia showed that Bumble downloads in the United States increased 20.6% during the first quarter, while monthly average users rose 13.7%, compared to a year earlier.

"Bumble App drove substantial revenue growth across the U.S. and international markets and delivered a significant sequential increase in paying users," Chief Executive Officer Whitney Wolfe Herd said in a statement.

The owner of the dating app that requires women to make the first move said total paying users increased by 7.2% to 3 million during the quarter, which helped boost revenue to $211.2 million, above analysts' estimates of $208.30 million.

For the current quarter, Bumble forecast revenue between $218 million to $221 million, which includes an unfavorable impact from the Ukraine conflict of $6 million, primarily in Badoo App. Analysts are expecting $224.16 million.

Earlier in March, Bumble said it was discontinuing operations in Russia, that included the removal of all of its apps from Apple (NASDAQ:AAPL) App Store and Google (NASDAQ:GOOGL) Play Store in Russia and Belarus.

Bumble said it lost 60,000 paying users between the fourth and first quarter in Russia, Ukraine and Belarus and it expects a decline of about 120,000 to 130,000 paying users across these three markets in the current quarter.

Excluding items, Bumble earned 13 cents per share for the first quarter. Analysts on average had expected the company to report a loss of 3 cents, according to IBES data from Refinitiv.

Shares of the Austin, Texas-based company rose to $11.4% to $19.64 in extended trading.

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28-05-2022 02:23:34 (UTC+7)

EUR/USD

1.0730

+0.0006 (+0.05%)

Summary

Sell

Moving Avg:

Buy (6)

Sell (6)

Indicators:

Buy (1)

Sell (8)

EUR/USD

1.0730

+0.0006 (+0.05%)

Summary

Sell

Moving Avg:

Buy (6)

Sell (6)

Indicators:

Buy (1)

Sell (8)

GBP/USD

1.2627

+0.0032 (+0.26%)

Summary

Neutral

Moving Avg:

Buy (11)

Sell (1)

Indicators:

Buy (0)

Sell (4)

USD/JPY

127.03

-0.12 (-0.09%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (0)

Sell (6)

AUD/USD

0.7155

+0.0057 (+0.80%)

Summary

↑ Sell

Moving Avg:

Buy (4)

Sell (8)

Indicators:

Buy (1)

Sell (6)

USD/CAD

1.2727

-0.0046 (-0.36%)

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↑ Sell

Moving Avg:

Buy (2)

Sell (10)

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Buy (8)

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EUR/JPY

136.31

-0.03 (-0.02%)

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Sell (11)

EUR/CHF

1.0274

-0.0014 (-0.14%)

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Neutral

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Buy (9)

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Gold Futures

1,852.41

+4.81 (+0.26%)

Summary

↑ Buy

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Silver Futures

22.130

+0.165 (+0.75%)

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Copper Futures

4.3232

+0.0642 (+1.51%)

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Crude Oil WTI Futures

114.97

+0.88 (+0.77%)

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↑ Buy

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Brent Oil Futures

115.46

+1.29 (+1.13%)

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↑ Buy

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Natural Gas Futures

8.711

-0.184 (-2.07%)

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Neutral

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US Coffee C Futures

228.65

+2.05 (+0.90%)

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↑ Sell

Moving Avg:

Buy (2)

Sell (10)

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Buy (0)

Sell (8)

Euro Stoxx 50

3,808.86

+68.55 (+1.83%)

Summary

↑ Buy

Moving Avg:

Buy (9)

Sell (3)

Indicators:

Buy (9)

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S&P 500

4,146.60

+88.76 (+2.19%)

Summary

↑ Buy

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DAX

14,462.19

+230.90 (+1.62%)

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FTSE 100

7,585.46

+20.54 (+0.27%)

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Hang Seng

20,697.36

+581.16 (+2.89%)

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↑ Buy

Moving Avg:

Buy (12)

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Buy (9)

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US Small Cap 2000

1,883.80

+40.95 (+2.22%)

Summary

Neutral

Moving Avg:

Buy (7)

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IBEX 35

8,933.60

+44.80 (+0.50%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

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Buy (9)

Sell (0)

BASF SE NA O.N.

51.110

+0.320 (+0.63%)

Summary

Neutral

Moving Avg:

Buy (7)

Sell (5)

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Bayer AG NA

66.58

+0.68 (+1.03%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

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Allianz SE VNA O.N.

200.20

+1.40 (+0.70%)

Summary

↑ Buy

Moving Avg:

Buy (12)

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Indicators:

Buy (8)

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Adidas AG

179.96

+3.20 (+1.81%)

Summary

↑ Buy

Moving Avg:

Buy (11)

Sell (1)

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Buy (7)

Sell (1)

Deutsche Lufthansa AG

6.881

+0.031 (+0.45%)

Summary

↑ Buy

Moving Avg:

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Sell (1)

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Buy (7)

Sell (2)

Siemens AG Class N

121.86

+3.34 (+2.82%)

Summary

Buy

Moving Avg:

Buy (8)

Sell (4)

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Buy (5)

Sell (1)

Deutsche Bank AG

10.392

-0.022 (-0.21%)

Summary

↑ Sell

Moving Avg:

Buy (3)

Sell (9)

Indicators:

Buy (1)

Sell (6)

 EUR/USD1.0730Sell
 GBP/USD1.2627Neutral
 USD/JPY127.03↑ Sell
 AUD/USD0.7155↑ Sell
 USD/CAD1.2727↑ Sell
 EUR/JPY136.31Sell
 EUR/CHF1.0274Neutral
 Gold1,852.41↑ Buy
 Silver22.130↑ Buy
 Copper4.3232↑ Buy
 Crude Oil WTI114.97↑ Buy
 Brent Oil115.46↑ Buy
 Natural Gas8.711Neutral
 US Coffee C228.65↑ Sell
 Euro Stoxx 503,808.86↑ Buy
 S&P 5004,146.60↑ Buy
 DAX14,462.19↑ Buy
 FTSE 1007,585.46Sell
 Hang Seng20,697.36↑ Buy
 Small Cap 20001,883.80Neutral
 IBEX 358,933.60↑ Buy
 BASF51.110Neutral
 Bayer66.58↑ Buy
 Allianz200.20↑ Buy
 Adidas179.96↑ Buy
 Lufthansa6.881↑ Buy
 Siemens AG121.86Buy
 Deutsche Bank AG10.392↑ Sell
Mua/Bán 1 chỉ SJC
# So hôm qua # Chênh TG
SJC Eximbank6,830/ 6,940
(0/ 0) # 1,716
SJC HCM6,855/ 6,955
(0/ 0) # 1,731
SJC Hanoi6,855/ 6,957
(0/ 0) # 1,733
SJC Danang6,855/ 6,957
(0/ 0) # 1,733
SJC Nhatrang6,855/ 6,957
(0/ 0) # 1,733
SJC Cantho6,855/ 6,957
(0/ 0) # 1,733
Cập nhật 28-05-2022 02:23:36
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ↀ Giá vàng thế giới
$1,854.44+1.530.08%
Live 24 hour Gold Chart
ʘ Giá bán lẻ xăng dầu
Sản phẩmVùng 1Vùng 2
RON 95-V31.25031.870
RON 95-III30.65031.260
E5 RON 92-II29.63030.220
DO 0.05S25.55026.060
DO 0,001S-V26.35026.870
Dầu hỏa 2-K24.40024.880
ↂ Giá dầu thô thế giới
WTI$114.87-0.71-0.62%
Brent$119.12-1.09-0.92%
$ Tỷ giá Vietcombank
Ngoại tệMua vàoBán ra
USD23.030,0023.340,00
EUR24.263,1125.622,23
GBP28.523,9629.740,84
JPY177,60188,03
KRW15,9119,38
Cập nhật lúc 18:54:46 27/05/2022
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