Full Answer
What's happening with Bumble stock?
There's a bit of colony collapse going on in Bumble stock (NASDAQ: BMBL), which slid 16.5% Thursday to all-time lows just days ahead of the dating-service company's fourth-quarter earnings. Volume had tripled its usual daily average shortly before the close, with 5.22 million shares and counting having moved.
Is Bumble (snow) stock losing steam?
Yet the SNOW stock is losing steam as investors move to the next momentum trade. That could very well be the case with Bumble stock as investors across the board take a wait-and-see attitude. If that’s the case, this isn’t a great time to jump on board. Bumble is similar to Match Group (NASDAQ: MTCH ).
What happened to Bumble’s net loss?
Despite a huge year, Bumble Inc suffered an overall net loss of $142.8 million, which was in stark contrast to the $85 million profit in 2019. The swing owes to a significant 74% ($292 million) increase in operating expenses, which grew much faster than the 19% increase in revenue.
Should investors be worried about Bumble’s growth in the second half?
Investors are worried about slowing growth heading into the second half of 2021. Shares of Bumble ( BMBL 7.17%) lost ground to a booming market last month, falling 12% compared to the 2.3% increase in the broader market, according to data provided by S&P Global Market Intelligence.
How much did Bumble lose in 2019?
What is Bumble dating app?
Will Bumble grow in 2020?
Is Bumble a social network?
Does Anthony Di Pizio own Bumble?
About this website
Why is Bumble stock dropping?
Thursday's Bumble tumble marked an accelerated decline for a stock that had already fallen more than 12% over the previous five sessions - and it's likely the Russia-Ukraine conflict is playing a part, with Bumble's exposure to the region including both countries.
Is Bumble stock a good buy?
Bumble expects its revenue to rise 21%-23% year over year in the first quarter of 2022, and to grow 22%-23% for the full year. That was roughly in line with analysts' expectations for 23% growth in the first quarter and 22% growth for the full year.
Is Bumble stock undervalued?
Based on those expectations, the stock trades at three times this year's sales and 13 times its adjusted EBITDA. Match, which is growing at a slightly slower rate than Bumble, trades at five times this year's sales and 16 times its adjusted EBITDA. Therefore, Bumble looks a bit undervalued at these depressed levels.
Is Bumble expected to grow?
He estimates Bumble will add 150,000 and 175,000 paying users in the second and third quarters, respectively. Carpenter has a target of $34 on the price. For the full year, Bumble expects $934 million to $944 million in revenue, a range whose midpoint is in line with the consensus estimate for $939.4 billion.
Is Bumble a buy Zacks?
See rankings and related performance below. The VGM Score are a complementary set of indicators to use alongside the Zacks Rank....Momentum Scorecard. More Info.Zacks RankDefinitionAnnualized Return1Strong Buy25.08%2Buy18.56%3Hold10.15%4Sell5.79%2 more rows
Why is Bumble stock so high?
Bumble Inc. (BMBL) shares are soaring after the online dating app operator reported big gains in revenue and earnings in the fourth quarter, and the stock received an analyst upgrade. Bumble posted quarterly sales of $208.2 million, an increase of 25.8% from a year ago.
How many outstanding shares does Bumble have?
184.6MShare StatisticsAvg Vol (3 month) 32.63MShares Outstanding 5119.8MImplied Shares Outstanding 6184.6MFloat 878.83M% Held by Insiders 10.72%7 more rows
How profitable are dating apps?
After a slump in the early 2010s, dating app revenues have increased every year since 2015, reaching $5.61 billion in 2021....Global Dating App Revenue.YearRevenue2017$1.75 billion2018$2.38 billion2019$2.97 billion2020$3.82 billion3 more rows•May 4, 2022
How do I pay my Bumble boost?
Open the Bumble app and tap your profile tab in the bottom left corner. Tap Boost under your profile picture. Choose which subscription plan you want. Select "Continue" and then pay for the extra features.
Will Bumble pay dividends?
BUMBLE (NASDAQ: BMBL) does not pay a dividend.
How many paying users does Bumble have?
2.5 million paying usersThe company, which owns online dating services Bumble and Badoo, registered around 2.7 million paying users across all of its platforms during the third quarter of 2020 and reached a total of 2.5 million paying users for the year.
Why did Bumble go up?
Wall Street's positive reaction to Bumble's latest quarterly earnings report is just the start of a rebound for the internet stock, according to BMO Capital Markets. Shares of Bumble were up more than 20% in premarket trading Wednesday after the company released its fourth-quarter results .
Is Bumble a profitable company?
Bumble generated $240 million in revenue in 2019, and has beat its projected revenue run rate for two years. Alongside the dating app, Bumble has also launched BFFs, a matching system for friendships. Bumble Bizz is a professional networking service, which is a cross between dating and LinkedIn.
Is Bumble a good company?
Is Bumble a good company to work for? Bumble has an overall rating of 4.1 out of 5, based on over 450 reviews left anonymously by employees. 74% of employees would recommend working at Bumble to a friend and 69% have a positive outlook for the business. This rating has decreased by -8% over the last 12 months.
How profitable are dating apps?
After a slump in the early 2010s, dating app revenues have increased every year since 2015, reaching $5.61 billion in 2021....Global Dating App Revenue.YearRevenue2017$1.75 billion2018$2.38 billion2019$2.97 billion2020$3.82 billion3 more rows•May 4, 2022
Is Coinbase publicly traded?
In April 2021, the U.S. cryptocurrency exchange Coinbase went public, with its shares opening at $381 on the Nasdaq stock exchange under ticker symbol COIN. This marked a milestone in the world of cryptocurrencies, as Coinbase is the first pure-play crypto trading company to list on a U.S. exchange.
Investors are worried about slowing growth heading into the second half of 2021
Demitri covers consumer goods and media companies for Fool.com, as well as broader moves in the economy. Follow @tmfsigma
What happened
Shares of Bumble ( NASDAQ:BMBL) lost ground to a booming market last month, falling 12% compared to the 2.3% increase in the broader market, according to data provided by S&P Global Market Intelligence.
So what
Bumble's first-quarter announcement in early May contained some warning signs about a growth slowdown. While revenue is spiking compared to a year ago, the pandemic boost might be fading. User gains have fallen to less than 5% quarter by quarter compared to over 20% in the early days of the COVID-19 outbreak.
Now what
Management can dispel some of those worries by showing strong user engagement in its upcoming earnings report. On Aug. 11, the company will reveal whether user gains accelerated as pandemic restrictions lifted through June. We'll also find out if Bumble was able to extend the progress it made at generating positive earnings in the first quarter.
How much did Bumble lose in 2019?
Despite a huge year, Bumble Inc suffered an overall net loss of $142.8 million, which was in stark contrast to the $85 million profit in 2019. The swing owes to a significant 74% ($292 million) increase in operating expenses, which grew much faster than the 19% increase in revenue.
What is Bumble dating app?
Bumble Inc is mainly known for its flagship platform, the Bumble dating app, which is famous for shaking up the industry by empowering women. When two people "match," the woman holds the cards — she must initiate the first interaction while her male counterpart waits and wonders.
Will Bumble grow in 2020?
The question now is whether Bumble (and the industry more broadly) can grow revenues in line with 2020, given widespread vaccinations and more people out in the freshly opened economy. If not, the company could face stagnant to possibly negative share price performance as the market reigns in its multiple.
Is Bumble a social network?
While it is focused on dating, it's also popular as a truly social network, connecting users who would like to make friends. Of the two, the Bumble app has fewer paying subscribers, but charges twice as much per paying user, and therefore generates the lion's share of the revenue.
Does Anthony Di Pizio own Bumble?
Fool contributor Anthony Di Pizio does not own shares in Bumble Inc. The Motley Fool has no position in any of the stocks mentioned.
Why did BMBL stock drop?
So, why has the Bumble share price been hit so hard? There appears to be near-term pressure on paying users at the Badoo app. The Bumble customer in the Badoo app is experiencing many COVID-19 headwinds. Meanwhile, rival dating-app Tinder saw a 90% increase in paid users in the quarter, so investors were expecting Bumble to do the same.
How has Bumble fared since IPO?
Bumble launched via initial public offering in February to great fanfare. The event generated global interest as its founder Whitney Wolfe Herd became the world’s youngest self-made female Billionaire at 31 years of age. The BMBL share price enjoyed a 52-week high of $84.80 at IPO but has since lost nearly half its value.
Is Bumble gearing up for the metaverse?
Bumble is aware of the buzz around the metaverse, as per the latest announcements from Facebook (NASDAQ: FB), Nvidia (NASDAQ: NVDA), and Disney (NYSE: DIS). But it does not see itself leading the dating sector into this new virtual world.
Will Bumble stock fall further?
Bumble is not the only tech stock to suffer after earnings in recent weeks. And ever since Elon Musk’s controversial Twitter poll, the S&P 500 has been on shaky ground.
How much will Bumble make in 2022?
By comparison, in 2022, they expect Bumble to earn just $0.33 -- which might be considered a positive anyway given its history of losses. Still, at a current share price of over $55, that would be an earnings multiple of more than 150.
When will Bumble see peak growth?
But when Bumble reported its first-quarter earnings results, revenue growth had slowed to a trickle on a sequential basis, so there is an indication the company may have seen peak growth in 2020. Image source: Getty Images.
Which is cheaper, Bumble or Badoo?
The flagship app is Bumble, with its women-act-first match concept, but it has fewer paid users than the company's other app, Badoo. Badoo mainly serves Latin America and Europe and is considerably cheaper to use than Bumble.
Is Bumble a friendship app?
In the latest earnings call, Bumble CEO Whitney Wolfe Herd stated the company believes friendship is the next area of growth. It's already integrated into the existing Bumble app, but it will be interesting to see how this opportunity contributes to operating performance.
What will the IPO do for Bumble?
The injection of money from the IPO will give Bumble the resources it needs to invest more into the business. For example, the Wolfe Herd mentioned international expansion. As Bumble widens its total addressable market, its market share will grow. This will accelerate revenue and profit margins.
How much revenue does Bumble have in 2020?
It posted Q4 revenue rising 31% to $165.6 million. Bumble App accounted for $105.8 million of that revenue and is up 47% from last year.
Is Bumble similar to Match Group?
Bumble is similar to Match Group (NASDAQ: MTCH ). The company’s online dating app is the core business. Bumble has almost no moat compared to Match Group products like Hinge, OK Cupid, Plenty of Fish, or Match Group’s Tinder. There is a novel way the app differentiates itself: On Bumble, only females make the first move.
Does Bumble have the same risks as Fitbit?
It did not work out for Fitbit, as costs grew faster than sales. Bumble does not face the same operational risks as Fitbit.
Is Bumble a risk?
Bumble does not face the same operational risks as Fitbit. The dating app maker is software-based. Since it has no physical hardware costs like Fitbit had, the costs of failure are low. An unfavorable valuation in Bumble stock is the only risk for investors.
How much did Bumble lose in 2019?
Despite a huge year, Bumble Inc suffered an overall net loss of $142.8 million, which was in stark contrast to the $85 million profit in 2019. The swing owes to a significant 74% ($292 million) increase in operating expenses, which grew much faster than the 19% increase in revenue.
What is Bumble dating app?
Bumble Inc is mainly known for its flagship platform, the Bumble dating app, which is famous for shaking up the industry by empowering women. When two people "match," the woman holds the cards — she must initiate the first interaction while her male counterpart waits and wonders.
Will Bumble grow in 2020?
The question now is whether Bumble (and the industry more broadly) can grow revenues in line with 2020, given widespread vaccinations and more people out in the freshly opened economy. If not, the company could face stagnant to possibly negative share price performance as the market reigns in its multiple.
Is Bumble a social network?
While it is focused on dating, it's also popular as a truly social network, connecting users who would like to make friends. Of the two, the Bumble app has fewer paying subscribers, but charges twice as much per paying user, and therefore generates the lion's share of the revenue.
Does Anthony Di Pizio own Bumble?
Fool contributor Anthony Di Pizio does not own shares in Bumble Inc. The Motley Fool has no position in any of the stocks mentioned.
