Online dating app Bumble (NASDAQ:BMBL) will be reporting earnings tomorrow after the bell. Here's what you need to know.
Last quarter Bumble reported revenues of $242.9 million, up 15.7% year on year, in line with analyst expectations. It was a mixed quarter for the company, with strong growth in its user base but underwhelming revenue guidance for the next quarter. The company reported 3.46 million active buyers, up 15.1% year on year.
Is Bumble buy or sell heading into the earnings? Read our full analysis here, it's free.
This quarter analysts are expecting Bumble's revenue to grow 17.7% year on year to $256.6 million, in line with the 18.5% year-over-year increase in revenue the company had recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.21 per share.
Majority of analysts covering the company have reconfirmed their estimates over the last thirty days, suggesting they are expecting the business to stay the course heading into the earnings. The company missed Wall St's revenue estimates three times over the last two years.
Looking at Bumble's peers in the consumer internet segment, only PlayStudios has so far reported results, delivering top-line growth of 13.8% year on year, and beating analyst estimates by 0.68%. The stock was down 14.4% on the results. Read our full analysis of PlayStudios's earnings results here.
There has been positive sentiment among investors in the consumer internet segment, with the stocks up on average 4.95% over the last month. Bumble is down 2.81% during the same time, and is heading into the earnings with analyst price target of $24.5, compared to share price of $17.3.
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The author has no position in any of the stocks mentioned.