The earnings call demonstrated Bumble's progress in operational and strategic initiatives, including financial discipline and user growth in specific markets. However, the company faced challenges with revenue decline, a significant impairment charge, and projected declines in Q4 revenue, balancing the positive developments.

Company Guidance

During the Bumble Third Quarter 2024 Financial Results Conference Call, the company provided detailed guidance showcasing its financial and strategic progress. Bumble reported total revenue of $274 million, with a slight decline of 1% year-over-year, impacted by foreign exchange rates. The Bumble app revenue was $220 million, with a 10% increase in paying users, totaling 2.9 million. However, the average revenue per user declined by 10% to $25.58, primarily due to a shift in geographic mix. The adjusted EBITDA for Q3 exceeded expectations, reaching $83 million with a 30% margin, up 290 basis points from the previous year. Bumble has been actively working on improving ecosystem health, customer experience, and revenue strategy, including a shift in marketing focus and product innovations, such as AI-driven customer service and safety features. The company repurchased $120 million in stock since August and remains committed to its $450 million stock repurchase authorization. Looking ahead, Bumble projects total revenue for 2024 to range between $1.066 billion and $1.072 billion, with plans to expand marketing strategies and product releases focused on authentic connections and customer satisfaction.

Exceeded Adjusted EBITDA Expectations

Bumble reported adjusted EBITDA of $83 million, representing a 10% increase and a 30% margin, which exceeded their expectations for the quarter.

Stock Repurchase and Financial Position

Bumble repurchased $120 million in stock since August, with a strong balance sheet ending Q3 with $252 million in cash and cash equivalents.

Positive User Acquisition in European Market

Early tests in a European market showed a high single-digit increase in women registration, leading to a meaningful increase in matches.

Badoo App Improvement

Badoo reported a 14% increase in paying users and benefits from revenue rearchitecture driving improved payer conversion.

Innovative Product Updates

Bumble introduced a new matching algorithm, AI-based customer service, and other product updates aimed at enhancing customer experience.

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Bumble (BMBL) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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BMBL Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Mar 05, 2025	2024 (Q4)	0.17 / -	-0.19	―	―	―
Nov 06, 2024	2024 (Q3)	0.20 / -5.11	0.12	-4358.33% (-5.23)
Aug 07, 2024	2024 (Q2)	0.15 / 0.22	0.05	340.00% (+0.17)
May 08, 2024	2024 (Q1)	0.07 / 0.19	-0.01	2000.00% (+0.20)
Feb 27, 2024	2023 (Q4)	0.12 / -0.19	-0.85	77.65% (+0.66)
Nov 07, 2023	2023 (Q3)	0.07 / 0.12	0.14	-14.29% (-0.02)
Aug 08, 2023	2023 (Q2)	0.04 / 0.05	-0.03	266.67% (+0.08)
May 04, 2023	2023 (Q1)	<0.01 / -0.01	0.13	-107.69% (-0.14)
Feb 22, 2023	2022 (Q4)	<0.01 / -0.85	-0.08	-962.50% (-0.77)
Nov 09, 2022	2022 (Q3)	0.01 / 0.14	-0.06	333.33% (+0.20)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

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BMBL Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Nov 06, 2024	$7.81	$7.78	-0.38%
Aug 07, 2024	$8.06	$5.71	-29.16%
May 08, 2024	$10.27	$11.45	+11.49%
Feb 27, 2024	$13.18	$11.23	-14.80%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

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