Latest news with #BumbleInc
Business Wire
7 days ago
- Business
- Business Wire
Bumble Inc. to Announce Second Quarter 2025 Financial Results on August 6, 2025
AUSTIN, Texas--(BUSINESS WIRE)--Bumble Inc. (NASDAQ: BMBL) today announced that it will report financial results for the second quarter ending June 30, 2025, following the close of market on Wednesday, August 6, 2025. The Company will host a live webcast of its conference call to discuss the results at 4:30 p.m. Eastern Time on that day. The webcast of the call, the earnings release, and any related materials will be accessible on the Investors section of the Company's website at A webcast replay will be available approximately two hours after the conclusion of the live event. About Bumble Inc. Bumble Inc. is the parent company of Bumble, Badoo, Bumble For Friends, and Geneva. The Bumble platform brings people closer to love by enabling them to build healthy relationships. Founded by Whitney Wolfe Herd in 2014, Bumble was one of the first dating apps built with women at the center and connects people across dating (Bumble Date), friendship (Bumble For Friends) and professional networking (Bumble Bizz). Badoo, which was founded in 2006, is one of the pioneers of web and mobile dating products. Bumble For Friends is a friendship app where people in all stages of life can meet people nearby and create meaningful platonic connections. Geneva is a group and community app for people to connect based on shared interests. For more information about Bumble, please visit and follow @Bumble on social platforms.
Yahoo
15-07-2025
- Business
- Yahoo
Why Bumble Inc. (BMBL) Outpaced the Stock Market Today
In the latest trading session, Bumble Inc. (BMBL) closed at $6.68, marking a +2.45% move from the previous day. This move outpaced the S&P 500's daily gain of 0.14%. At the same time, the Dow added 0.2%, and the tech-heavy Nasdaq gained 0.27%. Shares of the company witnessed a gain of 31.72% over the previous month, beating the performance of the Computer and Technology sector with its gain of 5.36%, and the S&P 500's gain of 3.97%. Investors will be eagerly watching for the performance of Bumble Inc. in its upcoming earnings disclosure. It is anticipated that the company will report an EPS of $0.36, marking a 63.64% rise compared to the same quarter of the previous year. Alongside, our most recent consensus estimate is anticipating revenue of $242.08 million, indicating a 9.88% downward movement from the same quarter last year. BMBL's full-year Zacks Consensus Estimates are calling for earnings of $1.04 per share and revenue of $960.68 million. These results would represent year-over-year changes of +122.56% and -10.35%, respectively. Investors should also note any recent changes to analyst estimates for Bumble Inc. These revisions typically reflect the latest short-term business trends, which can change frequently. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability. Our research shows that these estimate changes are directly correlated with near-term stock prices. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system. The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Over the past month, the Zacks Consensus EPS estimate has moved 7.19% higher. At present, Bumble Inc. boasts a Zacks Rank of #1 (Strong Buy). In the context of valuation, Bumble Inc. is at present trading with a Forward P/E ratio of 6.3. Its industry sports an average Forward P/E of 27.71, so one might conclude that Bumble Inc. is trading at a discount comparatively. Meanwhile, BMBL's PEG ratio is currently 0.22. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. As the market closed yesterday, the Internet - Software industry was having an average PEG ratio of 2.15. The Internet - Software industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 65, which puts it in the top 27% of all 250+ industries. The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1. To follow BMBL in the coming trading sessions, be sure to utilize Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Bumble Inc. (BMBL) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Sign in to access your portfolio
Yahoo
27-06-2025
- Business
- Yahoo
Bumble announces major layoffs affecting 30% of employees as company restructures
Bumble Inc. disclosed Wednesday that it will cut its workforce by 30%. The move comes as the dating app company seeks to realign its operating structure to "optimize execution on its strategic priorities," Bumble said in a Securities and Exchange Commission (SEC) filing. Approximately 240 people will lose their jobs in the planned layoffs. CEO and founder Whitney Wolfe Herd said in a message to staff that the company needed to "take decisive action to restructure to build a company that's resilient, intentional, and ready for the next decade." Bumble must become a "faster-more decisive, and more agile organization" while "prioritizing core product innovation and addressing the big opportunities in how technology shapes human connection" and "returning to a member-first approach and investing in member health," she said. Bumble projected it will have $13-18 million worth of charges from employee severance, benefits and other related charges in connection to the layoffs largely. Those will largely happen in the third and fourth quarters of this year. Read On The Fox Business App Laid-off employees will receive "structured" severance and "transitional support" from the company, according to Herd. Microsoft Plans 'Substantial' Job Cuts Across Xbox Division "These decisions were not made lightly, and we are deeply grateful for the contributions of every employee impacted. Our focus now is on moving forward in a way that strengthens our core business, continues to serve our members effectively, and positions us for future growth," a Bumble spokesperson told FOX Business. The job cuts will lead to annual savings of up to $40 million. Most of that will go towards "strategic initiatives including product and technology development," the company said in the SEC filing. Bumble also said that it now expects the dating app company to notch revenue between $244 million and $249 million for the second quarter. Its EBITDA for that three-month period, meanwhile, is forecasted to come in between $88 million and $93 million. Click Here To Read More On Fox Business In the first quarter, it saw its revenue drop year-over-year to $247.1 million. Bumble's stable of apps includes its namesake app, Bumble for Friends, Badoo and Geneva. In February, the company said it was shutting down two apps, Fruitz and Official, something it said would be completed in the first six months of this year. The company had a total of four million paying users at the end of the first article source: Bumble announces major layoffs affecting 30% of employees as company restructures Sign in to access your portfolio
Hindustan Times
25-06-2025
- Business
- Hindustan Times
Bumble to lay off 30% global workforce, likely to save $40 million in annual cost savings
Bumble Inc. said it's cutting almost one-third of its staff, months after founder Whitney Wolfe Herd returned as chief executive officer to overhaul the struggling dating app. Shares of Bumble jumped 23% after markets opened in New York.(Reuters) The Austin-based company will eliminate around 240 roles globally, or about 30% of its workforce, it said in an exchange filing Wednesday. It expects to achieve as much as $40 million in annual cost savings from the reductions, and plans to 'reinvest the substantial majority' of those savings in 'strategic initiatives including product and technology development.' Shares of Bumble jumped 23% after markets opened in New York. Bumble and rival Match Group Inc., which owns Tinder and Hinge, have been struggling to adapt to a generational shift in how younger users date. Both companies have overhauled their executive teams this year in the hopes of returning to revenue growth. Match cut 13% of staff recently to streamline the company's organizational structure and reduce costs. The size of Wednesday's layoffs matched the last round Bumble conducted in 2024, weeks after the prior CEO, Lidiane Jones, assumed the role and shook up the C-suite ranks. Since returning to the company in March, Wolfe Herd has vowed to double down on removing bad actors from the platform to help users find higher-quality matches. She also said the brand will unveil a 'big update' to its Bumble BFF app for friendships, among other product releases planned this summer. The company said in the filing it expects to incur about $13 million to $18 million of charges primarily related to severance packages, mainly in the third and fourth quarter. On Wednesday, the company also boosted its second-quarter revenue guidance range to between $244 million and $249 million, up from a prior forecast of $235 million to $243 million. It also raised its outlook for adjusted earnings before interest taxes, depreciation and amortization to a range of $88 million to $93 million. The company has previously forecast $79 million to $84 million.
Mint
25-06-2025
- Business
- Mint
Bumble Announces 30% Job Cuts as It Raises Quarterly Outlook
(Bloomberg) -- Bumble Inc. said it's cutting almost one-third of its staff, months after founder Whitney Wolfe Herd returned as chief executive officer to overhaul the struggling dating app. The Austin-based company will eliminate around 240 roles globally, or about 30% of its workforce, it said in an exchange filing Wednesday. It expects to achieve as much as $40 million in annual cost savings from the reductions, and plans to 'reinvest the substantial majority' of those savings in 'strategic initiatives including product and technology development.' Shares of Bumble jumped 23% after markets opened in New York. Bumble and rival Match Group Inc., which owns Tinder and Hinge, have been struggling to adapt to a generational shift in how younger users date. Both companies have overhauled their executive teams this year in the hopes of returning to revenue growth. Match cut 13% of staff recently to streamline the company's organizational structure and reduce costs. The size of Wednesday's layoffs matched the last round Bumble conducted in 2024, weeks after the prior CEO, Lidiane Jones, assumed the role and shook up the C-suite ranks. Since returning to the company in March, Wolfe Herd has vowed to double down on removing bad actors from the platform to help users find higher-quality matches. She also said the brand will unveil a 'big update' to its Bumble BFF app for friendships, among other product releases planned this summer. The company said in the filing it expects to incur about $13 million to $18 million of charges primarily related to severance packages, mainly in the third and fourth quarter. On Wednesday, the company also boosted its second-quarter revenue guidance range to between $244 million and $249 million, up from a prior forecast of $235 million to $243 million. It also raised its outlook for adjusted earnings before interest taxes, depreciation and amortization to a range of $88 million to $93 million. The company has previously forecast $79 million to $84 million. More stories like this are available on
