Bumble Inc. Announces Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2021
August 11, 2021 at 04:05 pm EDT
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Bumble Inc. announced consolidated earnings results for the second quarter and six months ended June 30, 2021. For the quarter, the company reported revenue of $186,217,000 against $135,142,000 a year ago. Operating loss was $9,498,000 against income of $4,525,000 a year ago. Net loss was $11,147,000 against $5,465,000 a year ago. Basic and Diluted net loss per unit attributable to Buzz Holdings L.P. owners was $0.06.
For the year, the company reported revenue of $356,930,000 against $214,287,000 for the period from January 29, 2020 to June 30, 2020. Operating loss was $121,894,000 against $48,536,000 for the period from January 29, 2020 to June 30, 2020. Net earnings was $312,295,000 against loss of $61,274,000 for the period from January 29, 2020 to June 30, 2020. Basic net earnings per share /unit attributable to Bumble Inc. shareholders /Buzz Holdings L.P. owners was $1.67 against loss of $0.02 for the period from January 29, 2020 to June 30, 2020. Diluted net earnings per unit attributable to Buzz Holdings L.P. owners was $1.62 against loss of $0.02 for the period from January 29, 2020 to June 30, 2020.
Bumble Inc. is providing online dating and social networking applications through subscription and in-app purchases of products servicing North America, Europe and various other countries around the world. The Company provides these services through websites and applications that it owns and operates. It operates five apps: Bumble app, Bumble For Friends app, Badoo app, Fruitz app and Official app. On Bumble app, users can input information about themselves and set up a profile, which can be customized in many ways, such as by adding a Badge to prominently display certain values or characteristics. On Badoo app, users profiles can be customized in many ways, such as by using the Moods feature to share what's on their minds. In addition to dating, in Bumble app it also provides products that enable social connection, offering users the opportunity to develop platonic connections through the BFF mode for friendships and through the Bizz mode for professional networking and mentorship.
BUMBLE INC. 
