Bumble Stock On The Rise As Company Announce Big User Growth

Bumble’s stock price has grown significantly since the company’s financial announcement on Tuesday. The stock is up 19.6% since the announcement – rising from $16.58 to $24.11 almost immediately since the announcement. The price has now settled at $23.24, but still a marked improvement since before the announcement.

Bumble announce during their financial results that their total paying users increased 15.5% to 3 million, compared to 2.5 million the year before, and total ARPPU (Average Revenue Per Paying User) was $21.68, compared to $18.89 the year before. In comparison to Match Group, their ‘Revenue Per Payer’ was sitting just $16.16 for the full year 2021.

Bumble also announced that revenue for Full Year 2021 was $765.7 million for the year ended December 31, 2021, compared to $542.2 million for the period from January 29, 2020 to December 31, 2020 and $40.0 million for the period from January 1, 2020 to January 28, 2020.

Within the announcement, Bumble also made a significant announcement regarding their operations in Russia and Belarus. The company announced they would be halting operations in the regions following the invasion of Ukraine. The combined revenue from Russia, Ukraine, and Belarus was approximately 2.8% of total Bumble Inc. annual revenue in 2021, almost all in Badoo App and Other revenue. Russia, Belarus, and Ukraine contribute less than 0.1% of Bumble App revenue.

Read Bumble’s full financial results here, and the Russia and Belarus announcement here.