Bumble Inc reports results for the quarter ended March 31 - Earnings Summary

• Bumble Inc BMBL.OQ reported quarterly adjusted earnings of 13 cents​​ per share for the quarter ended March 31, lower than the same quarter last year, when the company reported EPS of 19 cents. The mean expectation of thirteen analysts for the quarter was for earnings of 14 cents per share. Wall Street expected results to range from 5 cents to 23 cents per share.

• Revenue fell 7.7% to $247.10 million from a year ago; analysts expected $246.23 million.

• Bumble Inc's reported EPS for the quarter was 13 cents​.

• The company reported quarterly net income of $13.44 million.

• Bumble Inc shares had risen by 1.2% this quarter and lost 46.1% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 25.3% in the last three months.​

• In the last 30 days, one analyst negatively revised an earnings estimate

RECOMMENDATIONS

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 3 "strong buy" or "buy," 14 "hold" and 1 "sell" or "strong sell." The average consensus recommendation for the online services peer group is also "hold"

• Wall Street's median 12-month price target for Bumble Inc is $5.50

This summary was machine generated from LSEG data May 7 at 09:07 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)