Online dating app Bumble (NASDAQ:BMBL) will be reporting results tomorrow after the bell. Here's what to look for.
Bumble met analysts' revenue expectations last quarter, reporting revenues of $267.8 million, up 10.2% year on year. It was a weaker quarter for the company, with underwhelming revenue guidance for the next quarter and slow revenue growth. It reported 4.02 million active buyers, up 16.3% year on year.
Is Bumble a buy or sell going into earnings? Read our full analysis here, it's free.
This quarter, analysts are expecting Bumble's revenue to grow 5.1% year on year to $273.1 million, slowing from the 18.5% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.23 per share.
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 has missed Wall Street's revenue estimates four times over the last two years.
Looking at Bumble's peers in the consumer subscription segment, some have already reported their Q2 results, giving us a hint as to what we can expect. Roku delivered year-on-year revenue growth of 14.3%, beating analysts' expectations by 3.2%, and Coursera reported revenues up 10.8%, topping estimates by 3.5%. Roku traded down 3.9% following the results while Coursera was up 45.1%.
Read our full analysis of Roku's results here and Coursera's results here.
Inflation fears have put pressure on growth stocks, and while some of the consumer subscription stocks have fared somewhat better, they have not been spared, with share prices down 6.6% on average over the last month. Bumble is down 13.7% during the same time and is heading into earnings with an average analyst price target of $13.9 (compared to the current share price of $8.2).
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