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-0.00131061598951504 0.00262123197903009 -0.00233289646133686 0 -0.0222804718217562 -0.00393184796854525 0.00393184796854525 -0.0078636959370905
Stock impact report

Bumble shares jump on revenue beat, stabilizing user trends [Yahoo! Finance]

Bumble Inc. - common stock (BMBL) 
Company Research Source: Yahoo! Finance
Bumble Inc (NASDAQ:BMBL) shares rose more than 36% to just shy of $4 in post-earnings trading after the dating-app company reported quarterly revenue results that topped analyst expectations and pointed to early signs of stabilization in its user base. Bumble reported Q4 revenue of $224.2 million, slightly ahead of analysts' estimates of $221.3 million. However, the company reported a loss per share of $4.06, significantly missing analyst expectations of earnings per share of $0.23 by $4.29. The company also generated higher spending from subscribers, with average revenue per paying user rising 7.9% year over year to $22.20. At the same time, Bumble sharply reduced its advertising costs. Performance-marketing spending fell more than 80% compared with the same quarter a year earlier, reflecting a significant pullback in paid user-acquisition efforts. Analysts at Jefferies described the quarter as broadly solid, noting that revenue, paying users and EBITDA all exceeded expect Show less Read more
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