Bumble tops revenue estimates in its first quarterly report as a public company

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Bumble tops revenue estimates in its first quarterly report as a public company; shares rise

• Bumble on Wednesday logged $165.6 million in revenue, topping Wall Street forecasts, for its first quarterly report since going public in February.
  
• The company reported 2.7 million paying users for the fourth quarter, up 32.5% from the fourth quarter of 2019.
  
• Bumble went public in February with an initial public offering of $2.2 billion.
  

Bumble on Wednesday logged $165.6 million in revenue, topping Wall Street forecasts, and nearly broke even in its first quarterly report since going public in February. The stock rose more than 6% in extended trading.


The company behind popular dating apps Bumble and Badoo posted strong growth in revenue and subscribers, boosted by a global pandemic that drove daters online.

Here’s what the company reported for its fourth quarter, compared with what Wall Street analysts polled by Refinitiv were expecting:

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