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Stock impact report

Jefferies Cautions on Bumble (BMBL) and Internet Sector for 2026 Warning AI Agents and Rising Costs Could Capping Stock Multiples [Yahoo! Finance]

Bumble Inc. - common stock (BMBL) 
Company Research Source: Yahoo! Finance
The firm recommended a cautious stock-picking approach for the Internet sector in 2026. Key risks include limited margin growth due to rising investment costs and the possibility that AI agents could bypass traditional platforms, capping the potential for higher stock multiples. In its Q3 2025 earnings report, Bumble disclosed that its total revenue for the quarter was $246 million, which was a 10% decline year-over-year. The Bumble App accounted for $199 million of this total (down 10%), while Badoo and other revenue fell 11% to $47 million. Despite the top-line contraction, the company achieved a net income of $52 million, which was a recovery from the $849 million net loss in the prior year, which had been driven by ~$900 million in non-cash impairment charges. The company is currently prioritizing quality over quantity, a shift that has led to a deliberate 16% decline in total paying users to 3.6 million. However, this focus on higher-value members resulted in a 6.9% increase Show less Read more
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