Online dating app Bumble (NASDAQ:BMBL) will be reporting earnings tomorrow after the bell. Here’s what to expect.
Bumble beat analysts’ revenue expectations by 0.7% last quarter, reporting revenues of $273.6 million, flat year on year. It was a mixed quarter for the company, with EBITDA guidance for next quarter missing analysts’ expectations. It reported 4.26 million active buyers, up 11.4% year on year.
Is Bumble a buy or sell going into earnings? Read our full analysis here, it’s free.
This quarter, analysts are expecting Bumble’s revenue to decline 4.8% year on year to $260.4 million, a reversal from the 13.2% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.31 per share.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Bumble has missed Wall Street’s revenue estimates three times over the last two years.
Looking at Bumble’s peers in the consumer subscription segment, some have already reported their Q4 results, giving us a hint as to what we can expect. Udemy delivered year-on-year revenue growth of 5.5%, beating analysts’ expectations by 2.7%, and Coursera reported revenues up 6.1%, topping estimates by 1.6%. Udemy traded up 27.9% following the results while Coursera was down 19.5%.
Read our full analysis of Udemy’s results here and Coursera’s results here.
There has been positive sentiment among investors in the consumer subscription segment, with share prices up 9.2% on average over the last month. Bumble is up 10.2% during the same time and is heading into earnings with an average analyst price target of $7.96 (compared to the current share price of $8.44).
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