On March 08, Bumble Inc. (BMBL) declared its financial results for the fourth quarter and fiscal year 2021. Additionally, the company also announced discontinuing its operations in Russia due to the ongoing conflict. Consequently, the stock surged high in the after-hours on Tuesday.
It seems investors were looking forward to the earnings and expecting good results as the stock traded actively at 11.77 million shares. At 570% of the average volume, the stock remained in the green with a gain of 2.65%. Thus, BMBL closed the regular session at a price of $16.66 per share. Following the announcement, the stock soared high to add a further 19.57% in the after-hours. Hence, the stock was trading at a value of $19.92 in the after-hours as 3.02 million shares exchanged hands.
Founded in 2014, Bumble Inc. is the parent company of Bumble, Badoo, and Fruitz mobile applications. Currently, the company’s 129.24 million outstanding shares trade at a market capitalization of $3.05 billion. In the past five days, the stock has declined by 28.65% while losing 50.80% year to date. BMBL subtracted a value of 73.68% last year.
BMBL’s Q4 Financials
The company reported revenues of $208.2 million in Q4 2021, against $165.6 million in the year-ago quarter. This marks an increase of 25.7% YOY.
Moreover, BMBL incurred a net loss of $14.7 million in Q4 2021, against $26.1 million in the prior-year period.
The company had adjusted EBITDA of $54.8 million in the quarter as compared to $44.1 million in Q4 2020.
Fiscal 2021 Financials
For the full year 2021, the company reported revenue of $765.7 million against $542.2 million (Jan 29, 2020-December 31, 2020) and $40.0 million (Jan 1, 2020- Jan 28, 2020).
Furthermore, the company had net earnings (loss) of $286.9 million in fiscal 2021, which was 37.5% of revenue.
The company had adjusted EBITDA of $207.2 million in fiscal 2021, which was 27.1% of revenue.
BMBL’s Future Outlook
For Q1 2022, the company expects an adjusted EBITDA of $47-$49 million on revenue of $207-$210 million.
In addition, for fiscal 2021, the company expects an adjusted EBITDA margin of 26.5%-27% on revenue of $934-$944 million.
Company News
On March 10, the company’s management will be participating in the Morgan Stanley Technology, Media & Telecom Conference in San Francisco.
On February 07, BMBL announced acquiring one of the fastest-growing, popular Gen Z dating apps in Europe, Fruitz. Fruitz is a renowned French app that encourages open and honest dating communications through fruit metaphors.
