Bumble Shares Down 8% Following Q2 EPS Miss & Worse Than Expected Guidance
<p><a href='https://financialmodelingprep.com/financial-summary/BMBL'>Bumble Inc. (NASDAQ:BMBL)</a> shares dropped more than 8% following the company’s Q2 results, with EPS of ($0.03) coming in worse than the Street estimate of ($0.01). Revenue was $220 million, compared to the Street estimate of $219.55 million.</p>
<p>Q2 Bumble App payer additions and EBITDA beat the Street estimates. However, with the stock meaningfully outperforming the market over the last 3 months, the analysts at Deutsche Bank believe the buy-side H2 expectations for the Bumble App were increasingly challenging heading into earnings and with the company very modestly guiding down revenue growth expectations (primarily due to FX headwinds). </p>
<p>The company expects Q3 adjusted EBITDA to be in the range of $58-$60 million (vs. Street’s $62 million) and revenue in the range of $236-$240 million (vs. Street’s $244.9 million). </p>
<p>For the full year, the company lowered its revenue guidance to $920-$930 million from the prior $934-$944 million, compared to the Street estimate of $934.1 million.</p>

NASDAQ:BMBL