
Bumble Q4 & Full-Year 2022 Results Show Increase in Revenue, App Paying Users
According to Bumble CEO Whitney Wolfe Herd, the company’s Q4 and full-year 2022 performance strengthens confidence in “long-term opportunity.”
According to Bumble CEO Whitney Wolfe Herd, the company’s Q4 and full-year 2022 performance strengthens confidence in “long-term opportunity.”
Comparing Bumble 2021 Q4 with reports of the previous year, there was an increased revenue of $208.2 million against $165.6 million.
As part of the Japanese Fair Trade Association, Apple decided to relax its app store rules. However, gaming apps do not get the concession of bypassing apple’s payment system.
Predicting 2021 earning results, Bumble said that the company is expected to generate revenue between $716 million and $726 million.
After the successful IPO, Bumble secured $2.2 billion from investors, pushing Wolfe Herd to become one the youngest billionaires at 31.
The boost the shares of Bumble (BMBL) received on their public debut day comes amid the company’s plans to take the business globally.
In its revised proposition submitted to the SEC, Bumble is planning to sell nearly 45 million equity shares for $37-$39 per share. The dating app is used in 150 countries worldwide with 42 million monthly active users.
Another source reveals that Bumble filed for an offering with a size of up to $100 million. However, it is said that this could be a placeholder.