On August 8 2023, BUMBLE INC ($NASDAQ:BMBL) reported its financial results for the second quarter of FY2023 which ended on June 30 2023. The company’s total revenue was USD 259.7 million, a 17.8% increase from the same quarter in the prior year. Additionally, net income was USD 6.8 million, in contrast to the net loss of -4.4 million in the corresponding quarter of the prior year.
On Tuesday, BUMBLE INC reported its earnings results for the second quarter of Financial Year 2023. The stock opened at $17.4 and closed at $18.0, a slight 0.1% increase from its previous closing price of $18.0. This news was welcomed by investors as the company reported strong growth in its user base and revenues in Q2 FY2023. BUMBLE INC also announced that it has further diversified its offering to users by launching new features such as BumbleBiz and BumbleDate. The new features have been well received by users, providing a further boost in engagement and user satisfaction.
Overall, the Q2 FY2023 results are an encouraging sign for BUMBLE INC’s future prospects. This is expected to be reflected in future reports as the company continues to grow and expand its offerings. Investors will be keeping an eye on future earnings reports to determine how the company fares in the long term. Live Quote…
About the Company
Ownership (Institutional/ Fund Holdings)
Below shows the total revenue, net income and net margin for Bumble Inc. More…
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Balance Sheet (Yearly/ Quarterly)
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Key Ratios Snapshot
Some of the financial key ratios for Bumble Inc are shown below. More…
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At GoodWhale, we analyze the financials of BUMBLE INC. After careful consideration, our Risk Rating has determined that BUMBLE INC is a high risk investment in terms of financial and business aspects. Our analysis has detected two risk warnings in the income sheet and balance sheet that need to be addressed. If you are interested in learning more about these warnings, register with us to check it out. We have an experienced team of financial analysts and business advisors who will be able to provide you with more information on the financial health of BUMBLE INC. With our help, you can make a more informed decision when it comes to investing in the company. More…
Risk Rating Analysis
Star Chart Analysis
The company was founded in 2014 by Whitney Wolfe Herd and is headquartered in Austin, Texas. Bumble Inc operates the Bumble, Badoo, and Chappy social and dating platforms. The company has over 100 million registered users and generates revenue through in-app purchases and advertisements. Bumble Inc’s main competitors are MicroStrategy Inc, China Binary New Fintech Group, and Thecoo Inc.
MicroStrategy Inc is a company that provides business intelligence, mobile software, and cloud-based services. It has a market cap of 3.14B and an ROE of 122.06%. The company was founded in 1989 and is headquartered in Tysons Corner, Virginia.
– China Binary New Fintech Group ($SEHK:08255)
Binary New Fintech Group is a leading provider of online financial services in China. The company offers a wide range of services including online trading, asset management, and research and analysis. It has a market cap of 40.8M as of 2022 and a return on equity of -23846.21%. The company is headquartered in Beijing, China.
Thecoo Inc has a market cap of 4.15B as of 2022, a Return on Equity of -6.79%. The company operates in the business of providing online entertainment services. It offers a range of services including online gaming, social networking, and online video. The company has a strong presence in China and is expanding its operations into other markets.
Bumble Inc., a US-based technology company, reported strong financial results for the second quarter of FY2023, ending on June 30, 2023. Revenue for the quarter was up 17.8% year-over-year to USD 259.7 million, resulting in net income of USD 6.8 million, compared to a net loss of -4.4 million in the same quarter of the prior year. The overall positive performance of the company suggests that Bumble Inc. is well-positioned for future growth.
Investors should be encouraged by the company’s ability to grow year-over-year revenue and generate positive net income, suggesting that the company’s products and services are in demand. With strong financials and growing customer base, Bumble Inc. is a stock worthy of further research for potential investment.