Bumble Inc (BMBL: NSD) saw its stock price tumble after the company reported Q4 earnings that fell short of analysts’ expectations.
Key Insights from Bumble’s Q4 report:
Below are the key financial insights from Bumble Q4 report earnings:
- Bumble reported a loss of $0.19 per share, missing analyst expectations of $0.12 per share.
- Bumble’s revenue was $273.6 million, falling short of the predicted $285.9 million. However, revenue still increased by 13.2% year-over-year.
- Bumble’s saw strong user growth, with a total of 3.8 million paying users across platforms. This marks a significant increase of 530,200 users compared to the previous year.
Stock Target Advisor’s Analysis on Bumble:
Stock Target Advisor rates BMBL as a ‘Sell,’ projecting no price changes in the next 12 months. This rating starkly contrasts with the average analyst’s target price of approximately $18.60 for BMBL and a consensus Strong Buy rating. Stock Target Advisor’s bearish outlook rests on two positive signals countered by a more concerning six negative signals.
The Software – Application sector, to which Bumble belongs, holds an average Buy rating from its analysts. Stock Target Advisor presents a slightly bearish view on the sector and cites top-ranked analyst Stifel Nicolaus as particularly noteworthy.
Conclusion:
Bumble’s Q4 results were a mixed bag. While the company continues to see strong user growth, its financial performance fell short of analysts’ expectations. This led to a decline in the stock price, but investors will be watching closely to see how Bumble navigates the coming quarters and whether it can meet future financial projections.
Muzzammil is a content writer at Stock Target Advisor. He has been writing stock news and analysis at Stock Target Advisor since 2023 and has worked in the financial domain in various roles since 2020. He has previously worked on an equity research firm that analyzed companies listed on the stock markets in the U.S. and Canada and performed fundamental and qualitative analyses of management strength, business strategy, and product/services forecast as indicated by major brokers covering the stock.
