Bumble and Match Group Poised to Benefit from Growing Online Dating Market

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This relationship with Match Group has allowed Bumble Inc ($NASDAQ:BMBL). to benefit from their resources, allowing them to remain competitive in the increasingly crowded online dating market. Baird recently released a bullish outlook on Match Group, citing the company’s potential for growth in the online dating market as one of the main reasons for their optimism. As more people seek out digital alternatives to meet new partners, the two could continue to reap the rewards of their investment in the industry.

Market Price

On Tuesday, BUMBLE INC stock opened at $19.0 and closed at $18.6, down by 0.6% from the last closing price of $18.7. Over the past few years, the online dating market has been rapidly increasing and is expected to continue to grow in the future. This has resulted in BUMBLE INC and Match Group, a leader in the online dating space, becoming major players in the market. Both companies have seen their stock values increase due to the booming market and are expected to continue to see growth in the future as online dating continues to grow. Live Quote…

About the Company

Income Snapshot

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Cash Flow Snapshot

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Balance Sheet Snapshot

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Key Ratios Snapshot

Some of the financial key ratios for Bumble Inc are shown below. More…

Analysis

At GoodWhale, we conducted a thorough analysis of BUMBLE INC‘s fundamentals. Based on our Risk Rating, BUMBLE INC is rated as a high risk investment in terms of financial and business aspects. Our analysis has detected two risk warnings in their income sheet and balance sheet. If you would like to explore further, register with us and we can provide you with more detailed information. More…

Peers

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 ($NASDAQ:MSTR)

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 ($TSE:4255)

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.

Summary

Baird has issued a positive outlook on the investing potential of Bumble and its parent company, Match Group. The dating app’s longer runway of growth is seen as a major advantage compared to other investments. Baird believes Bumble will benefit from its market leadership, strong brand positioning, and strong user metrics. They also point out that Bumble’s revenue growth has been strong and that its margins are improving.

Finally, Baird predicts that the company will continue to grow as new users and markets are added. Overall, Baird believes that Bumble is a good investment opportunity for long-term investors.