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Wednesday, September 27, 2023

Bumble Inc. (BMBL) Stock Surging in Aftermarket, Here’s the Reason

Bumble Inc. (BMBL), a company providing online dating and social networking platforms, has soared 19.57% in aftermarket trading session. Consequently, the stock was trading at $19.92 when last checked. During Tuesday’s regular trading session, the stock increased by 2.65% to close the day at $16.66. The surge in aftermarket could be attributed to the announcement of financial results. The optimistic guidance by the company has stirred investor interest in the stock.

Q4 and FY 2021 Results

On Tuesday, BMBL announced the results for Q4 and FY 2021. The period ended on 31st December 2021. The company generated revenue of $208 million during the quarter, an increase of 25.7% on a year-over-year basis. The net loss suffered by the company during Q4 2021 was $14.7 million (or the margin of 7%) compared to a net loss of $26.1 million (or the margin of 15.8%) that company suffered during Q4 2020. The revenue generated during the fiscal year 2021 was $765.7 million versus $542 million generated during the fiscal year 2020. The company generated net earnings of $286.9 million (or the margin of 37.5%) compared to a net loss of $110.2 million (or the margin of 20.3%) for the fiscal year 2020.

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Q1 and FY 2022 Outlook

Alongside the results, BMBL also announced the financial outlook for Q1 2022 as well as FY 2022. The company expects to generate revenue in a range of $207 to $210 million during the quarter, while the adjusted EBITDA is expected to remain between $47 and $49 million during the first quarter of fiscal 2022. During the year 2022, the expected revenue lies in the range of $934 to $944 million, while the adjusted EBITDA margin is expected to remain between 26.5% to 27%.

Comments from CEO of BMBL

Whitney Wolfe Herd, Founder, and CEO of BMBL stated that the company is pleased to deliver another quarter of strong revenue as well as adjusted EBITDA growth. During its first year as a public company, Bumble has been successful in executing the core strategic priorities and improving profitability for the long-term benefit of the company.

What’s Ahead for BMBL?

Looking towards what’s coming ahead, analysts believe that BMBL is expected to decline in the next couple of weeks. The reason is that several negative technical indicators are impacting the stock, which could hamper its growth. Investors should take careful decisions regarding their investment in BMBL stock.

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