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Wednesday, April 24, 2024
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Bumble Q3 Revenue Misses Estimates By A Whisker Despite Double-Digit Y/Y Growth, Guides Q4 Below-Consensus

Bumble Inc (NASDAQ: BMBL) reported Q3 FY23 revenue increased by 18% Y/Y to $275.5 million, missing the consensus of $276.97 million.

Bumble App Revenue rose 22.8% Y/Y to $221.8 million, including a favorable impact of $1.7 million from foreign currency movements.

Bumble App Paying Users rose 25% Y/Y to 2.6 million in the quarter.

Total Paying Users increased to 3.8 million from 3.3 million the prior year.

Total Average Revenue per Paying User (ARPPU) grew to $23.42 ...

Full story available on Benzinga.com


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