Bumble Inc reports results for the quarter ended June 30 - Earnings Summary

• Bumble Inc BMBL.OQ reported a quarterly adjusted loss of $2.45​​ per share for the quarter ended June 30, lower than the same quarter last year, when the company reported EPS of 22 cents. The mean expectation of thirteen analysts for the quarter was for earnings of 34 cents per share. Wall Street expected results to range from 21 cents to 51 cents per share.

• Revenue fell 7.6% to $248.23 million from a year ago; analysts expected $245.14 million.

• Bumble Inc's reported EPS for the quarter was a loss of $2.45​.

• The company reported a quarterly loss of $253.74 million.

• Bumble Inc shares had risen by 14.6% this quarter and lost 7.2% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 73% in the last three months.​

• In the last 30 days, there have been no negative revisions of earnings estimates

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 2 "sell" or "strong sell." The average consensus recommendation for the online services peer group is "buy."

• Wall Street's median 12-month price target for Bumble Inc is $6.30, about 19.8% below its last closing price of $7.55

This summary was machine generated from LSEG data August 6 at 09:02 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)