Business
Bumble Inc. Announces Fourth Quarter and Full Year 2020 Results
Fourth Quarter Revenue Increased 31% to $165.6 millionBumble App Fourth Quarter Revenue Increased 47% to $105.8 millionBadoo App and Other Fourth Quarter
About this update from Bumble Inc.
[{"type":"text","content":"Fourth Quarter Revenue Increased 31% to $165.6 millionBumble App Fourth Quarter Revenue Increased 47% to $105.8 millionBadoo App and Other Fourth Quarter Revenue Increased 10% to $59.8 millionFourth Quarter Total Paying Users* Increased 32% to 2.7 million AUSTIN, Texas, March 10, 2021 (GLOBE NEWSWIRE) -- Bumble Inc. (NASDAQ: BMBL), the parent company of Bumble and Badoo, today reported financial results for the fourth quarter and full year ended December 31, 2020. “We are committed to our mission, our customers and to advancing the business, which fueled our strong fourth quarter and full year 2020 results,” said Whitney Wolfe Herd, Founder and CEO of Bumble. “Our significant increase in revenue and paying users is a direct result of our team’s dedication and remarkable agility during a challenging pandemic. Looking ahead, we remain focused on driving scale, investing in our users and expanding internationally. Our IPO was a pivotal milestone, but we are just getting started and are excited for the next chapter of our journey.” Full year 2020 revenue increased to $582.2 million from $488.9 million in 2019. Full year revenue was comprised of $40.0 million for the period from January 1, 2020 to January 28, 2020 and $542.2 million for the period from January 29, 2020 to December 31, 2020. Full year 2020 Total Paying Users increased 22% year over year to 2.5 million. Fourth Quarter 2020 Operational and Financial Results:(All comparisons relative to the Fourth Quarter 2019) Revenue increased 31.1% to $165.6 million, compared to $126.3 million. Bumble app revenue increased 46.6% to $105.8 million and Badoo app and other revenue increased 10.5% to $59.8 million.Total Paying Users increased 32.5% to 2.7 million, compared to 2.0 million.Total ARPPU was $20.02, compared to $19.99.Net loss was $(26.1) million, or (15.7)% of revenue, compared to net earnings of $17.2 million, or 13.6% of revenue.Adjusted EBITDA was $44.1 million, or 26.6% of revenue, compared to $21.9 million, or 17.3% of revenue. Full Year 2020 Operational and Financial Results:(All comparisons relative to the Full Year 2019) Revenue was $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, compared to $488.9 million.Bumble App Revenue was $337.2 million for the period from Januar...