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Bumble Q2 Results: 18% Revenue Growth

Bumble Inc has shared its financial results for the second quarter of 2023, highlighting a strong period overall. The dating brand saw total revenue increase by 18%, with positive growth in paying users.

Bumble Inc, the parent company of dating platforms Bumble, Badoo, and more, saw a strong Q2 according to its latest announcement. The Bumble app saw revenue increase by 23%, rising to $208 million. The Badoo app saw its revenue increase by 2%, rising to $51.8 million.

The Bumble app saw the number of its paying users increase by 28% to 2.5 million. This growth represents an increase of 139,000 quarter over quarter. Overall, Bumble Inc saw its total paying users increase to 3.6 million, up from 3 million.

“We believe our ability to deliver another strong quarter is a direct reflection of our commitment to creating Kind Connections for the millions of people using our products around the world,” said Whitney Wolfe Herd, Founder and CEO of Bumble Inc.”

“In addition to attracting a record number of paying users on Bumble, we’ve successfully launched BFF as a standalone offering, further stabilized Badoo, and expanded our portfolio of apps to meet the evolving needs of our members throughout their relationship journeys”, added Wolfe Herd.

Anu Subramanian, Chief Financial Officer of Bumble Inc, said: “We exceeded our second quarter outlook by continuing to execute on our strategic priorities while maintaining strong financial discipline”.

 “We believe the momentum we are experiencing across our family of apps sets us up to deliver profitable growth for our shareholders”, Subramanian continued.

Read Bumble Inc’s full Q2 financial results here.

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