Bumble Shares Up 10% Despite Q3 Revenue Miss & Weak Guidance 
<p><a href='https://financialmodelingprep.com/financial-summary/BMBL'>Bumble (NASDAQ:BMBL)</a> shares rose around 10% on Thursday despite the company’s reported disappointing Q3 results and worse-than-expected guidance. Q3 EPS came in at $0.14, better than the Street estimate of $0.01, while revenue of $232.6 million missed the Street estimate of $238.27 million.</p>
<p>While underlying trends certainly appear healthy, the combination of intensifying FX headwinds, product rollout delays, and macro-related softness led to a Q3 revenue miss as well as weak Q4 guidance. The company expects Q4/22 revenue to be in the range of $232-237 million, worse than the Street estimate of $254.46 million.</p>
<p>While below the Street, analysts at Deutsche Bank believe the buyside was already anticipating this level of growth and therefore, they think the initial look into fiscal 2023 could remove the guidance overhang on the stock. Beyond the financials, the company appeared upbeat on the early results from the newly launched features (Compliments/ Student Package) and highlighted that 2023 would be a year characterized by continued product enhancements and new international market launches which should yet again tilt the growth algorithm to payer additions.</p>

NASDAQ:BMBL