Bumble Catalysts Show Efficiency Gains, But Analyst Flags Growth Risks

Quick Summary:

Also Read: Bumble Bets On AI Tools To Revive Growth In Online Dating Market

Adjusted EBITDA came in at $82.6 million, outperforming projections of $78.8 million.

However, the Bumble app’s revenue showed a 1% year-over-year decline, and the Average Revenue Per Paying User (ARPPU) decreased by 10% to $25.58 due to a shift toward international markets.

---

More Pictures

---

Read Quick SummarySave Time

or

Article Details

Author / Journalist: Anusuya Lahiri

Category: Technology

Markets: United States

Topics: Price Target Expert Ideas Trading Ideas News Stories That Matter Top Stories Analyst Color Tech Reiteration AI Generated BMBL Briefs Analyst Ratings Movers Benzinga

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-11 @ 18:31:42 (1 weeks ago)

News Timezone: GMT +8:00

News Source URL: benzinga.com

Language: English

Article Length: 578 words

Reading Time: 4 minutes read

Sentences: 27 lines

Sentence Length: 22 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Benzinga

News ID: 23524357

View Article Analysis

About Benzinga

Main Topics: Technology

Official Website: benzinga.com

Update Frequency: 17 posts per day

Year Established: 2010

Headquarters: United States

News Last Updated: 13 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #53

Publisher Details

Frequently Asked Questions