Earnings And Financial PerformanceEBITDA was $83m, representing 30% margins, 5% above our estimate and consensus, which management attributed to the shift of some marketing spend from 3Q to 4Q to more closely align with the Bumble App’s recent product release.
Leadership And StrategyA new Chief Business Officer has been hired, focusing on revenue generation, pricing strategy, and partnerships.
User Growth And EngagementTotal paying users were 4.3m, up 11% y/y, 2% above our estimate and consensus.