Bumble Guides Q3 Revenue $205M-$213M, Below Consensus
BMBL is trading near its 52-week low of $2.54 (14% above the low).
Summary
Bumble issued Q3 revenue guidance of $205M-$213M, which falls short of the $220M consensus. The midpoint of $209M implies roughly flat growth year-over-year, a disappointment for a company that needs to reaccelerate. This follows a pattern of Blackstone selling down its stake, with over $28M in shares sold in June and additional planned sales. The guidance miss adds fundamental pressure to a stock already trading near $2.90, down sharply from its IPO. The company returned to profitability in Q1, but the top-line stagnation raises questions about user growth and monetization.
At the time of this announcement, BMBL was trading at $2.90 on NASDAQ in the Technology sector, with a market capitalization of approximately $396.5M. The 52-week trading range was $2.54 to $7.96. This news item was assessed with neutral market sentiment and an importance score of 7 out of 10. Source: Dow Jones Newswires.