BMBL
📉 Bumble reported declining revenues (overall -8%, Bumble app -6.5%, Badoo app -13%), flat paying users, and a drop in ARPU to $20.24.
👎 The host heavily criticized the results and guidance, calling for significant cost-cutting measures, particularly headcount reduction, rather than new executive hires.
🔮 The outlook suggests continued stagnation or decline, with the host expressing strong dissatisfaction with the company’s strategy and communication.
@bernardodegarcia:
“Bumble first-quarter financial conference call. No, there it is. Let’s go to results. Revenue falls 8%, Bumble app revenue falls 6%. Eh, paying users fall 1%. Since returning in mid-March, we’ve seen accelerated, sustainable growth. We are strengthening our member base and delivering… modern international experience and technology. We are… So, you’re not telling me anything. I mean, what a load of fluff. Total revenue decreased… impacted. Bumble app falls 6.5%. Badoo app falls 13%. Badoo is sinking. Total paying users remain flat. Total ARPU falls to $20.24, compared to $21.84. Net earnings were 19.8% of revenue, compared to 12% of revenue. Very good. Adjusted EBITDA was 26.1%, compared to 27.6%. Can you tell me why you’re up 4%? I don’t know what. Bumble. We believe Bumble… solid cash flow… continue… we will continue to prioritize efficiency. Where is this efficiency with the margins? Optimize marketing. No, look. Ah, fire half the staff, and then we’ll talk. During the first quarter, the company bought $28.7 million in shares. Ah, it has authorization to buy $450 million. It still has $50 million left. Outlook: revenue between $235 and $243 million. Well, we’re still falling, my son. Bumble app revenue $193 to $199 million, so $200 million. That’s from Bumble. So Badoo, Badoo is going to hell. $200 million, more or less, stays flat. Adjusted EBITDA $79 to $84 million. You know, what worries me most is that they don’t tell us anything here. This is a whole lot of nothing. They’re not telling us what measures they’re taking. They’ll tell us this in a press release instead of a presentation, maybe. At some point, you’ll get there. Will this be May 2025? Oh yeah. It’s the same. Total revenue, Bumble app revenue, total paying users, Bumble app users, ARPU, net earnings, EBITDA, quarter revenue, as we’re seeing, it’s crashing. Annual revenue, annual revenue rising. Ah, no, ’23 versus ’24. I’m not talking about ’25. Paying users. Man, the only positive thing I can read here is that the first quarter is the worst, the second is in the middle, so to speak, and the second and fourth are more or less the same. And the third quarter is the best. That’s what has happened, at least in 2024. The ARPU is plummeting. The trend is terrible. Paying users, there we have it. And adjusted EBITDA, such. The graphs are very pretty, but what are you doing to improve this? Nothing, what the stock does means nothing to me. It means nothing.”
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