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HomeBusinessBumble Shares Down 8 percent Following Q2 EPS Miss & Worse Than...

Bumble Shares Down 8 percent Following Q2 EPS Miss & Worse Than Expected Guidance

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Bumble Inc. (NASDAQ:BMBL) shares dropped more than 8% following the company’s Q2 results, with EPS of ($0.03) coming in worse than the Street estimate of ($0.01). Revenue was $220 million, compared to the Street estimate of $219.55 million.
Q2 Bumble App payer additions and EBITDA beat the Street estimates. However, with the stock meaningfully outperforming the market over the last 3 months, the analysts at Deutsche Bank believe the buy-side H2 expectations for the Bumble App were increasingly challenging heading into earnings and with the company very modestly guiding down revenue growth expectations (primarily due to FX headwinds).
The company expects Q3 adjusted EBITDA to be in the range of $58-$60 million (vs. Street’s $62 million) and revenue in the range of $236-$240 million (vs. Street’s $244.9 million).
For the full year, the company lowered its revenue guidance to $920-$930 million from the prior $934-$944 million, compared to the Street estimate of $934.1 million.

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