Bumble Inc. provides online dating and social networking applications in North America, Europe, internationally. It owns and operates websites and applications...
BMBL.US rose 4.9% to $2.99, building on pre-market strength that pushed the stock to $3.07, then rallied further to $3.145 during the regular session before pulling back. The momentum reflects investor optimism around CEO's recent confirmation that Bumble will eliminate its signature swipe feature and roll out an AI-powered Bumble 2.0 redesign targeting fatigued younger users. Q1 earnings reinforced this sentiment with EPS of $0.3421 surging 169.83% year-over-year and net income jumping 236.32% to $45.21 million, while net margin expanded to 21.29%. However, revenue of $212.38 million declined 14.05% year-over-year, illustrating a profit surge amid shrinking sales. From a price perspective, the stock trades 65.39% below its 52-week high of $8.64, is down 17.4% year-to-date, and sits below its 60-day average of $3.59, signaling ongoing weakness. Nonetheless, lingering concerns over sustained revenue decline and weakening user growth metrics continue to temper sentiment.
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Blackstone affiliate BX Buzz ML Holdcos sell 7.48 million Bumble shares worth $28.24 million