Bumble Reports Q1 Revenue of $212.4M, Users Down 21.1%
Reports Q1 revenue $212.4M, consensus $211.6M. Total Paying Users decreased 21.1% to 3.2 million, compared to 4.0 million. Total Average Revenue per Paying User ("ARPPU") increased 8.9% to $22.04, compared to $20.24. "Our deliberate steps to reset the Bumble member base have meaningfully improved the health of our ecosystem," said Whitney Wolfe Herd, Founder & CEO of Bumble Inc. "We're now focused on activating this higher-quality member base by launching a fully reimagined Bumble experience on our rebuilt, AI-enabled platform later this year. This next chapter will deliver a more intuitive, personalized way to connect and help members move more confidently and quickly to in-person dates."
