Online dating app Bumble (NASDAQ: BMBL) will be announcing earnings results this Tuesday after market hours. Here’s what investors should know.
Bumble beat analysts’ revenue expectations last quarter, reporting revenues of $224.2 million, down 14.3% year on year. It was an exceptional quarter for the company, with EBITDA guidance for next quarter exceeding analysts’ expectations and an impressive beat of analysts’ EBITDA estimates. It reported 3.78 million active buyers, down 9.6% year on year.
Is Bumble a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, the market is expecting Bumble’s revenue to decline 14.4% year on year, a further deceleration from the 7.7% decrease it recorded in the same quarter last year.
The majority of analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Bumble rarely misses Wall Street’s revenue estimates.
Looking at Bumble’s peers in the consumer subscription segment, some have already reported their Q1 results, giving us a hint as to what we can expect. Roku delivered year-on-year revenue growth of 22.4%, beating analysts’ expectations by 3.6%, and Coursera reported revenues up 9.1%, in line with consensus estimates. Roku traded up 6% following the results while Coursera was down 11.6%.
Read our full analysis of Roku’s results here and Coursera’s results here.
There has been positive sentiment among investors in the consumer subscription segment, with share prices up 11.1% on average over the last month. Bumble is up 21.6% during the same time and is heading into earnings with an average analyst price target of $4.28 (compared to the current share price of $4.20).
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