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Bumble Surges As Revenue Beats Estimates on New Paying Users

  • Dating app sales rose 24% in the quarter to $211.2 million
  • Bumble added more users who are spending more money on the app
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Photographer: Gabby Jones/Bloomberg

Bumble Inc. surged as much as 17% in extended trading after the dating app where women make the first move reported revenue that beat analysts’ estimates. 

The Austin, Texas-based company said revenue rose 24% to $211.2 million in the first quarter as it grew to 3 million paying users. Analysts were projecting $208.3 million. Those users are also spending more money on the app. Bumble said it expects second-quarter revenue of as much as $221 million, including the impact from the war in Ukraine and a strong dollar. Analysts expected $224.2 million, according to data compiled by Bloomberg.