What To Expect From Bumble’s (BMBL) Q4 Earnings

Anthony Lee /
2024/02/26 2:01 am EST

Online dating app Bumble (NASDAQ:BMBL) will be reporting results tomorrow after market close. Here's what investors should know.

Last quarter Bumble reported revenues of $275.5 million, up 18.4% year on year, missing analyst expectations by 0.5%. It was a weak quarter for the company, with underwhelming revenue guidance for the next quarter and a miss of analysts' revenue estimates. The company reported 3.82 million active buyers, up 16.1% 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 13.9% year on year to $275.3 million, slowing down from the 16.7% year-over-year increase in revenue the company had recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.26 per share.

Bumble Total Revenue

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 four times over the last two years.

Looking at Bumble's peers in the consumer subscription segment, some of them have already reported Q4 earnings results, giving us a hint of what we can expect. Chegg's revenues decreased 8.4% year on year, beating analyst estimates by 1.1% and Netflix reported revenues up 12.5% year on year, exceeding estimates by 1.4%. Chegg traded down 6.9% on the results, and Netflix was up 11.6%.

Read our full analysis of Chegg's results here and Netflix's results here.

Investors in the consumer subscription segment have had steady hands going into the earnings, with the stocks down on average 1.3% over the last month. Bumble is down 8.1% during the same time, and is heading into the earnings with analyst price target of $17.8, compared to share price of $13.2.

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