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

• Bumble Inc. reported quarterly adjusted earnings of 20 cents​​ per share for the quarter ended September 30, lower than the same quarter last year, when the company reported EPS of 33 cents. The mean expectation of nine analysts for the quarter was for earnings of 22 cents per share. Wall Street expected results to range from 14 cents to 36 cents per share.

• Revenue fell 15.9% to $207.09 million from a year ago; analysts expected $209.34 million.

• Bumble Inc.'s reported EPS for the quarter was 20 cents​.

• The company reported quarterly net income of $27.25 million.

• Bumble Inc. shares had risen by 127.0% this quarter and gained 67.2% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 14% 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 no "strong buy" or "buy," 9 "hold" and no "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 $3.60, about 65.8% below its last closing price of $5.97

This summary was machine generated from LSEG data November 9 at 10:02 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)