Bumble (BMBL) Reports Earnings Tomorrow: What To Expect

Online dating app Bumble (NASDAQ:BMBL) will be reporting earnings this Wednesday after the bell. Here’s what to look for.

Bumble met analysts’ revenue expectations last quarter, reporting revenues of $212.4 million, down 14.1% year on year. It was a slower quarter for the company, with a decline in its buyers and revenue guidance for next quarter missing analysts’ expectations significantly. It reported 3.17 million active buyers, down 21.1% 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 15.1% year on year, a further deceleration from the 7.6% decrease it recorded in the same quarter last year.

Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business will stay the course heading into earnings. Bumble rarely misses Wall Street’s revenue estimates.

Looking at Bumble’s peers in the consumer internet segment, some have already reported their Q2 results, giving us a hint as to what we can expect. Coursera delivered year-on-year revenue growth of 59.6%, beating analysts’ expectations by 1.7%, and Netflix reported revenues up 13.4%, in line with consensus estimates. Coursera traded down 15.7% following the results while Netflix was also down 7.3%.

Read our full analysis of Coursera’s results here and Netflix’s results here.

Investors in the consumer internet segment have had fairly steady hands going into earnings, with share prices down 1.2% on average over the last month. Bumble is down 2.4% during the same time and is heading into earnings with an average analyst price target of $4.34 (compared to the current share price of $3.10).

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