Bumble Swings to Profit in Q1 as Reopening Drives Dating Activity By Investing.com
By Yasin Ebrahim Bumble reported first-quarter results that topped analysts estimates as the dating app benefited from the economic reopening. Bumble slipped 0.8% in after-hours trading. Bumble reported Q1 earnings of $1.69 a share, compared with a 2 cents loss a year earlier. Revenue more than doubled to $170.7 million from $79.1 million. Wall Street was looking for a loss of $0.03 a share on revenue of $164.6 million. Total Paying Users increased 30% to 2.8 million, with average revenue per paying user, or ARPPU, rising to $19.99 from $17.73. ...
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