Business
Bumble Inc. Announces Fourth Quarter and Full Year 2022 Results
Total Revenue in 2022 Increased 19% to $903.5 million Fourth Quarter Bumble App Revenue Increased 28% to $190.8 million Fourth Quarter Bumble App Paying
About this update from Bumble Inc.
[{"type":"text","content":"\nTotal Revenue in 2022 Increased 19% to $903.5 million\n\nFourth Quarter Bumble App Revenue Increased 28% to $190.8 million\n\nFourth Quarter Bumble App Paying Users Increased 35% to 2.2 million; Grew 133,000 Quarter Over Quarter\n\n AUSTIN, Texas--(BUSINESS WIRE)--\nBumble Inc. (NASDAQ: BMBL), the parent company of Bumble, Badoo, and Fruitz, today reported financial results for the fourth quarter and full year ended December 31, 2022.\n\n“We achieved strong results in 2022 by advancing our powerful products, technology and mission to create kind connections,” said Whitney Wolfe Herd, Founder and CEO of Bumble Inc. “By delivering unique and engaging product experiences built upon a foundation of trust and safety, our team is realizing the tremendous potential of our brands. The momentum of our business continues to strengthen our confidence in our long term opportunity.“\n\nFourth Quarter 2022 Financial and Operational Highlights:\n\n(All comparisons relative to the Fourth Quarter 2021)\n\n\nTotal Revenue increased 16.7% to $241.6 million, compared to $207.0 million. This includes an unfavorable impact of $12.7 million from foreign currency movements year over year.\n\n\nBumble App revenue grew 27.7% to $190.8 million, compared to $149.4 million. This includes an unfavorable impact of $7.1 million from foreign currency movements year over year.\n\n\nBadoo App and Other revenue declined (11.9)% to $50.8 million, compared to $57.6 million. This includes an unfavorable impact of $5.6 million from foreign currency movements year over year.\n\n\n\n\nTotal Paying Users increased 14.4% to 3.4 million, compared to 3.0 million.\n\n\nTotal Average Revenue per Paying User (\"ARPPU\") increased to $23.01, compared to $22.69.\n\n\nNet loss was $159.2 million or (65.9)% of revenue, compared to net loss of $13.9 million, or (6.7)% of revenue.\n\n\nAdjusted EBITDA was $60.5 million, or 25.0% of revenue, compared to $54.8 million, or 26.4% of revenue.\n\n\nFull Year 2022 Operational and Financial Highlights:\n\n(All comparisons relative to the Full Year 2021)\n\n\nRevenue increased 18.7% to $903.5 million, compared to $760.9 million. This includes an unfavorable impact of $41.1 million from foreign currency movements year over year.\n\n\nBumble App revenue grew 31.4% to $694.3 million, compared to $528.6 million. This includes an unfavorable im...