Bumble Inc reports results for the quarter ended January

• Bumble Inc BMBL reported adjusted quarterly earnings of 22 cents per share for the quarter ended January, higher than the same quarter last year when the company reported earnings per share of 5 cents. The average expectation of 18 analysts for the quarter was earnings of 13 cents per share. Wall Street expected results between 2 and 29 cents per share.

• Revenue increased 3.4% year-on-year to $268.62 million; analysts had expected $273.00 million.

• Bumble Inc. reported earnings per share for the quarter was 22 cents.

• The company reported quarterly net income of $27.4 million.

• Bumble Inc. shares fell 24.7% this quarter and are down 46.3% year to date.

FORECAST CHANGES

• Analysts’ average earnings estimate had fallen by about 16% over the past three months.

• In the last 30 days, two analysts have revised their earnings forecasts downwards

RECOMMENDATIONS

• The current average analyst rating of the stock is “Buy” and the breakdown of recommendations is as follows: 15 “Strong Buy” or “Buy”, 8 “Hold” and no “Sell” or “Strong Sell”.

• The average consensus recommendation for the comparison group of online services is also “Buy”.

Wall Street’s median 12-month price target for Bumble Inc. is $13.00.

This summary was machine-generated from LSEG data as of August 7 at 21:21 UTC. All figures in U.S. dollars unless otherwise noted. (For questions about the data in this report, contact [email protected]. For other questions or feedback, contact [email protected])