Bumble app – Pseudo Arc http://pseudoarc.com/ Tue, 10 May 2022 14:14:19 +0000 en-US hourly 1 https://wordpress.org/?v=5.9.3 https://pseudoarc.com/wp-content/uploads/2021/10/icon-6-120x120.png Bumble app – Pseudo Arc http://pseudoarc.com/ 32 32 Will the Bumble app boost Bumble’s Q1 revenue? https://pseudoarc.com/will-the-bumble-app-boost-bumbles-q1-revenue/ Tue, 10 May 2022 14:14:19 +0000 https://pseudoarc.com/will-the-bumble-app-boost-bumbles-q1-revenue/ Oonline dating platform Bumble Inc. (NASDAQ: BMBL) is expected to report its first quarter 2022 results on May 11, after market close. The company, known for its Badoo, Fruitz and Bumble apps, recorded impressive growth in key metrics such as total paid users and average revenue per paid user (ARPPU) in Q4 2021 and provided […]]]>

Oonline dating platform Bumble Inc. (NASDAQ: BMBL) is expected to report its first quarter 2022 results on May 11, after market close.

The company, known for its Badoo, Fruitz and Bumble apps, recorded impressive growth in key metrics such as total paid users and average revenue per paid user (ARPPU) in Q4 2021 and provided encouraging projections for 2022 in March.

However, its results were weaker than expected in the fourth quarter, with a loss of $0.08 per share, worse than the consensus estimate of $0.00 per share. Revenue of $208.2 million was 0.7% lower than the consensus estimate of $209.6 million.

With first quarter earnings knocking on the door, a brief overview of consensus expectations and factors that may have influenced the results will be helpful.

Consensus estimates for the first quarter

For the first quarter of 2022, Bumble’s consensus earnings estimate is set at $0.01 per share. This estimate suggests an improvement from the $0.08 per share loss recorded in the fourth quarter of 2021.

Additionally, the company’s consensus revenue estimate is $208.4 million, slightly higher than the prior quarter’s total of $208.2 million.

Analyst Marc Mahaney of Evercore ISI finds the consensus estimate of $208 million for revenue to be “reasonable.” The analyst has a buy rating and a price target of $40 (99.5% upside potential) on BMBL.

Factors influencing Q1

Bumble benefited from an increase in total paid users and ARPPU in the fourth quarter of 2021, mainly thanks to its Bumble application. The continuation of such a trend in the first quarter of 2022 will be reflected in its performance.

Additionally, the company’s efforts to expand its market presence through digital marketing, improved user experience, and constant product development could have been beneficial. Additionally, the addition of the Fruitz dating app to its portfolio is another tailwind for the company.

For the first quarter of 2022, the company expects total revenue to be between $207 million and $210 million. Bumble App revenue is forecast between $152 million and $153 million, which is higher than the previous quarter’s total of $150.5 million.

On the other hand, the impact of foreign currency translation is expected to be negative $5 million in the quarter, while a loss of business due to the ongoing war between Ukraine and Russia is expected. negatively impact revenue by $2 million.

Website traffic growth

A look at Bumble’s website traffic highlights the growing popularity of the company’s products and services. According to the TipRanks Website Traffic tool, traffic to bumble.com increased by 28.02% in April compared to March, increased by 4.06% in the first quarter of 2022 compared to the fourth quarter of 2021 and jumped by 49.67% since the beginning of the year compared to the same period last year.

The Taking of Wall Street

As for Wall Street, the company has a Moderate Buy consensus rating based on 10 buys and four takes awarded over the past three months. Bumble’s price prediction of $34.07 implies a potential upside of 69.9% from current levels.

Over the past year, Bumble shares are down about 66%.

Conclusion

Based on the aforementioned discussion, it appears that Bumble’s Q1 2022 results will be driven by the strength of its revenue in its Bumble app. Obstacles in the form of currency problems and the loss of Russian business are of concern.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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How Indians are dated in 2021 – Bumble app extracts data https://pseudoarc.com/how-indians-are-dated-in-2021-bumble-app-extracts-data/ Sat, 25 Dec 2021 08:00:00 +0000 https://pseudoarc.com/how-indians-are-dated-in-2021-bumble-app-extracts-data/ Indians are “aware” of when and how they date; movies, food and sports are the main interests; and Leo, Scorpio and Libra are the most sought-after sun signs Thanks in part to the pandemic, around 75% of Indians on the Bumble platform prioritize finding a more emotionally available partner. (Representative image) Indian Matchmaking was among […]]]>

Indians are “aware” of when and how they date; movies, food and sports are the main interests; and Leo, Scorpio and Libra are the most sought-after sun signs

Thanks in part to the pandemic, around 75% of Indians on the Bumble platform prioritize finding a more emotionally available partner. (Representative image)

Indian Matchmaking was among Netflix’s top shows, and desi parents still swear by horoscopes. But the dating scene in the country is just as busy, according to information shared by Bumble, a US-based dating app that has users around the world.

COVID, and how it has changed the way people think and live may be the reason, but 54% of Indians are now more attentive to how and when they date, Bumble said, according to data collected from January to November 2021. They are more selective about who they want to hang out with and opt for those with similar dating intentions when applying filters.

Globally, Bumble competes with several social media dating apps, including market leaders Tinder and Badoo, but it’s pioneering as a “women-first” platform. In a heterosexual match, the woman must make the first move; man can only respond or decline interest. The app has a strong policing mechanism to prevent harassment.

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Single, ok not to mingle

Sharing the trends revealed by its data, Bumble said around 62% of Indians now realize that it is actually okay to be alone, at least for a while. This is an interesting trend, as Indian society traditionally views marriage as a “must”.

Last March, Bumble introduced “interest badges,” which subscribers can use to find partners with similar interests. Film and television got the most badge holders, followed by food and drink and sports. Under Film & TV, Action & Adventure and Comedy were the favorite genres across all ages. While millennials preferred Bollywood, millennials loved anime. Under Food, coffee, beer, gourmet, and biryani were the most popular searches.

Read also : Why ‘groping’ someone in VR is considered ‘sexual’ assault

Thanks in part to the pandemic, about 75% of Indians on its platform prioritize finding a more emotionally available partner, Bumble said. About 52% said they had radically changed what they were looking for in a partner. With the pandemic and lockdowns, Indians are resetting their date and, around 71% would be willing to hit the reset button next year as well, if needed.

Dogs, pubs and PDAs

Photography, dogs, pubs and cooking were the most widely deployed filters on the dating app. Cooking, video games, and gardening were among popular staycation activities, while pubs and nightclubs, coffee hopping, and stand-up comedy were frequent going out activities.

As fear of the pandemic recedes and social distancing takes a back seat, PDA (the public display of affection is back with a bang. About 73% of Indians on Bumble said they were open to the PDA, even if only post-pandemic.

Zodiac signs were a favorite filter, and Leos had the most matches of any star sign. They were followed by Scorpios and Libras in India.

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How Indians Got Out in 2021 – The Bumble App Extracts the Data https://pseudoarc.com/how-indians-got-out-in-2021-the-bumble-app-extracts-the-data/ Sat, 25 Dec 2021 01:00:59 +0000 https://pseudoarc.com/how-indians-got-out-in-2021-the-bumble-app-extracts-the-data/ [ad_1] Indians are “aware” of when and how they are dating; movies, food and sports are the main interests; and Leo, Scorpio and Libra are the most sought after sun signs Thanks in part to the pandemic, around 75% of Indians on the Bumble Platform are prioritizing finding a more emotionally available partner. (Representative image) […]]]>


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Indians are “aware” of when and how they are dating; movies, food and sports are the main interests; and Leo, Scorpio and Libra are the most sought after sun signs

Thanks in part to the pandemic, around 75% of Indians on the Bumble Platform are prioritizing finding a more emotionally available partner. (Representative image)

Indian matchmaking was among the best shows on Netflix, and desi parents continue to swear by horoscopes. But the dating scene in the country is just as busy, according to information shared by Bumble, a US-based dating app that has users around the world.

COVID, and how it changed the way people think and experience may be sanity, but 54% of Indians are now more aware of how and when to go out, Bumble said, according to data collected from January to November 2021 They are more selective about who they want to spend time with and opt for those with similar dating intentions when applying filters.

Globally, Bumble competes with several social media dating apps, including market leaders Tinder and Badoo, but it is pioneering as a ‘women first’ platform. In a heterosexual match, the woman must take the first step; man can only respond or decline an interest. The app has a rigorous policing mechanism to prevent harassment.

Advertising

Single, ok not to get involved

Sharing the trends revealed by his data, Bumble said about 62% of Indians now realize that it’s actually okay to be alone, at least for a while. This is an interesting trend, as Indian society has traditionally regarded marriage as a “must”.

In March, Bumble introduced “interest badges,” which subscribers can use to find partners with similar interests. Film and television won the most badge holders, followed by food and drink and sports. Under Film & TV, action and adventure and comedy were the preferred genres for all ages. While millennials preferred Bollywood, Gen Z loved Anime. Under Food, Coffee, Beer, Gourmet, and Biryani were the most popular searches.

Read also : Why “groping” someone in virtual reality is considered “sexual” assault

Thanks in part to the pandemic, about 75% of Indians on his platform are prioritizing finding a more emotionally available mate, Bumble said. About 52% said they drastically changed what they look for in a partner. With the pandemic and the lockdowns, Indians have reset their date, and around 71% are also said to be ready to hit the reset button next year, if necessary.

Dogs, pubs and PDAs

Photography, dogs, pubs, and cooking were the most widely deployed filters on the dating app. Cooking, video games, and gardening were among the most popular living activities, while pubs and nightclubs, coffee shops, and standing comedies were frequent outing activities.

As fear of the pandemic recedes and social distancing takes a back seat, the PDA (public display of affection is back with a bang. About 73% of Bumble Indians said they were open to PDA , even if not until after the pandemic.

Zodiac signs were a preferred filter, and Leos had the most matches of all astrological signs. They were followed by Scorpios and Libras in India.

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How to hide location on the Bumble app on iOS and Android devices https://pseudoarc.com/how-to-hide-location-on-the-bumble-app-on-ios-and-android-devices/ Tue, 21 Dec 2021 16:03:44 +0000 https://pseudoarc.com/how-to-hide-location-on-the-bumble-app-on-ios-and-android-devices/ [ad_1] This tutorial is for the How to Hide Location app on the Bumble app on iOS and Android devices. We will do our best to make sure you understand this guide. I hope you will like this blog How to hide location on the Bumble app on iOS and Android devices. If your answer […]]]>


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This tutorial is for the How to Hide Location app on the Bumble app on iOS and Android devices. We will do our best to make sure you understand this guide. I hope you will like this blog How to hide location on the Bumble app on iOS and Android devices. If your answer is yes, please share after reading this.

Check out how to hide location on the Bumble app on iOS and Android devices

Privacy concerns can never be overstated. Almost everyone exists, if not everyone on this planet values ​​their privacy. These include data, decisions, even their locations at each point. Although humanity is constantly on the lookout for new ways to connect. Or among themselves or with their environment. It’s natural to want to remain anonymous at times during the process. To that end, I’ll share how to hide your location in Bumble. So, while you are trying to connect with people close to you, your location will not be easily revealed.

Although Tinder broke the wall as the first dating app in 2012, Bumble took the game to the next level by being the first of its kind to combine dating, making friends, and career development on one platform. form of social media. Bumble is a location-based social media application developed by one of Tinder’s co-founders to facilitate communication between its users. There is so much about Bumble that it will surprise you. For example, in direct battles, only female users can make initial contact with the corresponding male users. while in gay parties both people can message first.

How to hide your location in Bumble for Android

  • Open your device’s “Settings” in your app drawer.
  • Tap “Apps & Notifications” from the list of options.
  • In the list of apps on your device, find and tap “Bumble.”
  • Tap “Permissions” in the app options.
  • Tap the toggle next to “Location” to “Deny” the app’s permission to find your location.

How to hide your location in Bumble for iOS

  • On your iOS device, tap the gear icon to open your device’s “Settings”.
  • Scroll down to see the list of apps on your iOS device.
  • Press “Bumble” to see your permission options.
  • Tap “Location Services” in Bumble’s settings menu.
  • Select the option “Never” or “Ask next time”. This would prevent Bumble from accessing your location without your permission.

Final words: How to hide location on the Bumble app on iOS and Android devices

hope you will understand this item How to hide location on the Bumble app on iOS and Android devices, if your answer is no, you can request anything through the contact forum section linked to this article. And if your answer is yes, then share this article with your family and friends.

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200 million SAME triplet designed after couple met on Bumble app celebrates first Christmas https://pseudoarc.com/200-million-same-triplet-designed-after-couple-met-on-bumble-app-celebrates-first-christmas/ Fri, 10 Dec 2021 08:00:00 +0000 https://pseudoarc.com/200-million-same-triplet-designed-after-couple-met-on-bumble-app-celebrates-first-christmas/ The parents of one in 200 million identical triplets are pulling out all the stops to celebrate their first Christmas this year. Megan Smyth, 32, from Nottinghamshire, gave birth to the medical wonderkids at 32 weeks and six days in March, after meeting their father Clayton Whittaker, 42, on the dating app Bumble during the […]]]>

The parents of one in 200 million identical triplets are pulling out all the stops to celebrate their first Christmas this year.

Megan Smyth, 32, from Nottinghamshire, gave birth to the medical wonderkids at 32 weeks and six days in March, after meeting their father Clayton Whittaker, 42, on the dating app Bumble during the Covid lockdown.

The Colby brothers, Odyn and Rico, now nine months old, have already visited the Santa Claus and Christmas markets and should be “absolutely spoiled” by their family and friends.

The odds of the trio being identical were incredibly slim, with the phenomenon only occurring in one in 200 million natural pregnancies.

Triplets are usually not identical and are created when two eggs are fertilized and one goes on to develop into twins.

They become identical when the fertilized egg splits into three after conception.

Megan said: “It was a complete shock when we found out we had triplets.

Colby, Odyn and Rico, now nine months old, have already visited the Santa Claus and Christmas markets and should be ‘absolutely spoiled’ by family and friends (pictured with mum and dad Megan Smyth, 32 and Clayton Whittaker, 42)

The odds of the trio being identical were incredibly slim, with the phenomenon only occurring in one in 200 million natural pregnancies (Pictured: Colby, Odyn and Rico pose in Santa hats ahead of their first Christmas)

The odds of the trio being identical were incredibly slim, with the phenomenon only occurring in one in 200 million natural pregnancies (Pictured: Colby, Odyn and Rico pose in Santa hats ahead of their first Christmas)

The identical brothers were born in March (Pictured: Trio gift matching Mickey Mouse Christmas onesies)

The identical brothers were born in March (Pictured: Trio gift matching Mickey Mouse Christmas onesies)

Megan from Nottinghamshire, gave birth to the medical marvels at 32 weeks and six days in March, after meeting their father Clayton on the <a class=dating app Bumble during the Covid lockdown (pictured together)” class=”blkBorder img-share” style=”max-width:100%” />

Megan from Nottinghamshire, gave birth to the medical marvels at 32 weeks and six days in March, after meeting their father Clayton on the dating app Bumble during the Covid lockdown (pictured together)

WHY ARE IDENTICAL TRIPLETS SO RARE?

Identical triplets are conceived when the fertilized egg divides three times.

The chances of them occurring without fertility treatment have been estimated at between one in 60,000 and one in 200 million.

If twins or triplets share a membrane in the womb, they must be identical (monozygotic).

Otherwise, the placentas are indistinguishable from those of non-identical (dizygotic) siblings, and only DNA testing can confirm for sure.

“I just burst into tears and Clayton turned white as a sheet when the doctor told us.

“Twins run in my family, but it was still completely unexpected, we had only been trying for six weeks.

“They will be absolutely spoiled by all of our friends and family.

“We will hardly need to give them gifts at this rate.”

She added: “Our whole family is coming to our house because we just moved, so I’m really looking forward to having a great Christmas here.”

“We don’t really know what we can do with the triplets to make it special because they’re obviously still so young, but it’s their first Christmas so we want them to experience all that classic Christmas stuff.

“We don’t normally plant a tree or anything, so this year is so different for us, not just because of the babies.

“Life is so manic with triplets, but we give them time to experience everything we can.”

Megan says what she’s most looking forward to is seeing the faces of the triplets as they experience everything for the first time.

She said: “For me, the magic of Christmas is the children.

“Last year we walked past all these people queuing to see Santa Claus.

“This little boy’s face was such a picture, he absolutely lit up because he was so excited.

“Now all I want is to see the boys’ faces light up as well and see the magic through their eyes.”

Megan said when she found out she had triplets:

Megan said when she found out she had triplets: “I just burst into tears and Clayton turned white as a sheet when the doctor told us.” (Pictured with Colby, Odyn and Rico, nine months)

As they faced another lockdown, the couple (pictured) took the plunge and decided to move into Megan's two-bedroom house together in Kirkby-in-Ashfield, Nottinghamshire

As they faced another lockdown, the couple (pictured) took the plunge and decided to move into Megan’s two-bedroom house together in Kirkby-in-Ashfield, Nottinghamshire

“To me, stuff like that is what Christmas is all about.”

So far, the couple have taken the triplets to see Santa and take a picture with him, as well as visit a Christmas market.

Megan said: “We always try to do things as a family.

“They have no idea what’s going on, so I feel like it’s only for me when I take them to do this stuff.

“We went out to do everything we could imagine for Christmas.

“We also bought them Christmas onesies and little Christmas jumpers to wear as well.”

The couple have now created an Instagram page for them and the triplets, named @me.andourthree.

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Bumble app unveils new profile design, revamps matchmaking algorithm https://pseudoarc.com/bumble-app-unveils-new-profile-design-revamps-matchmaking-algorithm/ Fri, 03 Dec 2021 08:00:00 +0000 https://pseudoarc.com/bumble-app-unveils-new-profile-design-revamps-matchmaking-algorithm/ [ad_1] Bumble introduced a new profile design and revamped the matchmaking algorithm on the platform. With the latest update, users of the dating app can now see a person’s bio, including pronouns and interests under their first photo, to get a feel for the potential match early on. The app will also allow users to […]]]>


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Bumble introduced a new profile design and revamped the matchmaking algorithm on the platform. With the latest update, users of the dating app can now see a person’s bio, including pronouns and interests under their first photo, to get a feel for the potential match early on. The app will also allow users to connect their Instagram and Spotify accounts to the Bumble account. With the latest update, a new system on the app will also give suggestions on photos. Lately, Bumble was also named one of the best apps and games in 2021 by Apple.

Bumble’s new dating experience aims to focus on more engaging profiles. As mentioned, with the new redesign, a person’s bio will be displayed below their first photo, so the user can decide sooner if this is a potential match. Bumble also offers users the ability to socialize by coupling other social media platforms like Instagram and Spotify accounts.

Bumble would use machine learning technologies for the matchmaking algorithm to provide better matches to users. The platform’s new algorithm will also recommend users a photo that will bring more matches to their profiles.

Bumble said it was adding measures to keep the app secure. It will now detect content and behavior that violates its community guidelines using automated and AI-based technology. According to Bumble, these include harassment, hate speech and other inappropriate content in more than 100 languages. Bumble has claimed to have blocked more than 2.5 million accounts in 2021, and a large portion of them have been blocked automatically.

Additionally, the app announced that it will make its travel mode free to all users around the world for 24 hours from December 3 at 12:00 p.m. (IST).

The app also became one of Apple’s 2021 App Store Award winners. The list highlights the top 15 apps and games of the year for iPhone, iPad, Mac, Apple Watch, and Apple TV. Apple named “Connection” as the best trend of the year and ranked Bumble for following this theme in 2021. their professional networks – while promoting female-powered conversations, ”Apple noted.


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Bumble app summer dating trends: 30% want a vaxxed partner https://pseudoarc.com/bumble-app-summer-dating-trends-30-want-a-vaxxed-partner/ https://pseudoarc.com/bumble-app-summer-dating-trends-30-want-a-vaxxed-partner/#respond Thu, 17 Jun 2021 07:00:00 +0000 https://pseudoarc.com/bumble-app-summer-dating-trends-30-want-a-vaxxed-partner/ [ad_1] Your hot vax summer might soon get even hotter. Bumble, the dating app where women take the first step, has revealed the results of a new user survey, and it appears that more and more people are ready to start dating again in person as cases of COVID-19 in the United States have fallen. […]]]>


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Your hot vax summer might soon get even hotter.

Bumble, the dating app where women take the first step, has revealed the results of a new user survey, and it appears that more and more people are ready to start dating again in person as cases of COVID-19 in the United States have fallen.

Among US users who indicated their preferences for the first date in the app’s COVID-ready center, nearly 90% said they wanted to go out face-to-face, Bumble says, with 46% saying that ‘they would be comfortable with a “regular” first date and an additional 41% said they would prefer to keep a social distance.

Overall, the app has experienced higher recent growth in cities and states with higher vaccination rates.

And your near future is concerned if you have been vaccinated. Among survey participants, 30% said they would not go out or have sex with an unvaccinated person, according to Bumble. This data point comes as Bumble and other dating services, including Match-owned rival Tinder, are rolling out vaccination badges and other features to make it easy for users to identify people who have received the. vaccine.

Here are some other interesting statistics from the Bumble survey:

  • 65% now think it is possible to fall in love without meeting someone in person
  • 39% say that the “ghosts” have diminished since the start of the pandemic, while 31% say that “cat fishing” has decreased
  • 91% say there is no more stigma attached to online dating
  • 38% prefer to go on virtual first dates with people before meeting them in person.

In a statement, Whitney Wolfe Herd, CEO of Bumble, said the company will use the survey’s feedback to further adapt its services in a changing landscape. “During the pandemic, we have remained focused on listening to our community to understand how their needs have evolved and we have continued to innovate our product to meet that demand,” she said.

Bumble shares have risen nearly 20% over the past month as COVID-related restrictions eased and infection rates in the United States plummeted. The company’s stock tumbled after its much-anticipated IPO in February, hitting a low in mid-May.

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Why Bumble is more than just a Bumble app https://pseudoarc.com/why-bumble-is-more-than-just-a-bumble-app/ https://pseudoarc.com/why-bumble-is-more-than-just-a-bumble-app/#respond Sat, 13 Mar 2021 08:00:00 +0000 https://pseudoarc.com/why-bumble-is-more-than-just-a-bumble-app/ [ad_1] contrary to Match group (NASDAQ: MTCH), which has a portfolio of several dating apps, buzz (NASDAQ: BMBL) is best known for its namesake application. However, many investors would be surprised to learn that Bumble also owns the Badoo app, which is popular outside of the US and actually has more active users than the […]]]>


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contrary to Match group (NASDAQ: MTCH), which has a portfolio of several dating apps, buzz (NASDAQ: BMBL) is best known for its namesake application. However, many investors would be surprised to learn that Bumble also owns the Badoo app, which is popular outside of the US and actually has more active users than the Bumble app.

In this video from Focus on industry Podcast recorded on February 17, Luis Sanchez, Motley Fool contributor, and Nick Sciple, Industry Focus host, discuss Match Group, Bumble and the online dating industry.

Nick Sciple: One thing we haven’t talked about that is worth mentioning is that Bumble is the primary app for this North American dominant company that really generates a significant portion of the revenue, which we can can. -be talking about it. But there’s this other part of the business, Badoo, which is more internationally focused, actually bigger, and based on a monthly active user. What should we know about Badoo’s place in Bumble’s overall story, Luis?

Luis Sanchez: Yes. As you mentioned, Badoo is more of a dating app focused on Europe and Latin America. It doesn’t really have a lot of traction in the United States. Surprisingly, we hear a lot about Bumble, obviously the company is called Bumble, but Badoo actually has more users than Bumble. Indeed, Badoo had 28 million monthly active users, according to S-1, while Bumble only had 12 million monthly active users, more than double. Interestingly though, if you look at the underlying financial data, Bumble users are actually more monetized. The Bumble app still accounts for the majority of the company’s revenue despite fewer users. Bumble’s user base and Bumble’s revenue base is growing 10 times faster than Badoo business. It’s interesting to see this dynamic, and if you have to take a look at assets and think about value, it’s pretty clear that the real value of this business is Bumble and Bumble’s future growth. Although Badoo is a nice balancing asset, as it gives the company some exposure to international markets and potentially other demographics that it won’t touch but Bumble. One of the cool things going back to the story is actually that there is a certain synergy between the two apps. They share some common back office, like overhead and technology expenses. In fact, I’ve read that Bumble, in many ways, relies on this Badoo infrastructure. Having that Badoo asset has certainly contributed to Bumble’s very rapid growth rate.

Nick Sciple: Yeah, sure. You mentioned Bumble culturally. There’s a big emphasis on women, this big emphasis on safety. They call a lot of security features on the platform. Badoo has been around a lot longer, a different founder, a different story. Now that Badoo is under that umbrella with Bumble, it’s possible Bumble will instill some of his culture into what’s going on at Badoo, give him some of the security features, things like that, clean up what’s going on on this plate. -form. So there is room for expansion, but that’s largely the story Bumble is driving today. When you look at the performance of the company, there has obviously been this impact of the pandemic. What are we seeing in regards to the company’s performance over the past year during the pandemic?

Luis Sanchez: Yeah, absolutely. From 2018 to 2019, Bumble’s overall business grew by around 35%. Digging a little deeper, the Bumble app itself grew by 70% and the Badoo app only increased by 7%, making reference to Bumble’s much faster growth than Badoo. But in 2020, the pandemic did not help online dating apps, and revenue growth slowed significantly. We have the data for the first 3/4 of 2020 and overall revenue growth has fallen to around 15%, so it’s halved from 35% to 15%. Bumble went from a 70% growth rate in 2019 to a 25% growth rate in the first three months of 2020. Logically, that makes sense. If people are careful when meeting new people, they are likely to spend less time and less money on online dating apps. It makes sense that income growth has slowed. In a sense, this could actually be an interesting reopening piece as we look at what happens after the pandemic.

Nick Sciple: Yes. I think this is one of the interesting dynamics of these online dating platforms. In your opinion, Luis, maybe there’s no incentive to pick up your pace of matches at a time when, look, I’m not going to meet anyone I match with because it’s during a pandemic. . But there is an incentive to be present on these online platforms, so maybe I’ll have a date every time the world gets back to normal, whether it’s on Bumble or one of those others. platforms, which I’m sure we’ll talk about.

This article represents the opinion of the author, who may disagree with the “official” recommendation position of a premium Motley Fool consulting service. We are heterogeneous! Challenging an investment thesis – even one of our own – helps us all to think critically about investing and make decisions that help us become smarter, happier, and richer.

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Who is Whitney Wolfe Herd? The founder of the Bumble app becomes the new self-made billionaire https://pseudoarc.com/who-is-whitney-wolfe-herd-the-founder-of-the-bumble-app-becomes-the-new-self-made-billionaire/ Mon, 15 Feb 2021 08:00:00 +0000 https://pseudoarc.com/who-is-whitney-wolfe-herd-the-founder-of-the-bumble-app-becomes-the-new-self-made-billionaire/ [ad_1] Whitney Wolfe Herd is not based in Silicon Valley. She doesn’t have a STEM degree and she hasn’t raised billions in venture capital. But Wolfe Herd’s company Bumble is set to have one of the most high-profile tech IPOs of the year yet, in what will be a defining moment not just for her […]]]>


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Whitney Wolfe Herd is not based in Silicon Valley. She doesn’t have a STEM degree and she hasn’t raised billions in venture capital.

But Wolfe Herd’s company Bumble is set to have one of the most high-profile tech IPOs of the year yet, in what will be a defining moment not just for her company but for founders in general.

Bumble, best known for its female-centric dating app, began trading on the Nasdaq Thursday under the ticker symbol “BMBL”.

At 31, Bumble founder Whitney Wolfe Herd is considered one of the youngest self-made female billionaires of all time. (Getty Images for Fast Company)

Bumble valued its stock at US $ 43 on Wednesday night, up from its initially proposed price range of US $ 28 to US $ 30, signaling strong investor demand in what has proven to be a noble market. for new public technology companies.

Shares surged immediately after trading, opening at US $ 76, a 77 percent increase.

At 31, she is considered one of the youngest self-made female billionaires of all time.

The company was founded in 2014 by Wolfe Herd, who started his career with another dating service, Tinder. She first set out to build a female-focused social network before landing on the concept of a female-focused dating app.

Bumble requires women looking for heterosexual matches to take the first step, the idea being that this feature would allow women to make their own choices.

Rich list: Bill Gates takes first place

The idea took off. Austin-headquartered Bumble has become a household name even as it competes in a crowded market for dating apps.

It also now offers services beyond dating, including professional networking (Bumble Bizz) and finding new friends (Bumble BFF).

Investment firm Blackstone bought a controlling stake in Bumble’s parent company from Russian billionaire Andrey Andreev in 2019.

The parent company also includes Badoo, a popular digital dating service outside the United States founded by Andreev in 2006. The Blackstone deal valued parent company Bumble at $ 3 billion.

Bumble’s public offering follows several successful tech IPOs. Airbnb and DoorDash have each soared in their recent public market debuts and continue to trade well above their IPO prices. (Getty)

Bumble’s public offering follows several successful tech IPOs. Airbnb and DoorDash have each soared in their recent public market debuts and continue to trade well above their IPO prices.

Unlike many other tech companies, the majority of Bumble’s board is made up of women.

At 31, Wolfe Herd will become one of the youngest female tech CEOs to go public, following in the footsteps of Katrina Lake, the founder and CEO of Stitch Fix, who was 34 when she saw her. company when it went public.

“You don’t have to be a type of person to be successful in business or the tech industry,” Wolfe Herd told CNN Business in an interview Thursday.

Walton family (16th, 17th and 18th richest) with a combined value of $ 203.5 billion

The richest people in the world you’ve never heard of

“I have really always tried to build what I wish to exist, what I wish could help improve the lives of the women I care about and the people I love, and I think that doesn’t always have to follow. the same path. “

Sarah Kunst, managing director of venture capital firm Cleo Capital and former senior advisor to Bumble, told CNN Business that Wolfe Herd’s IPO sets a significant example for other founders who don’t fit the mold of this what a “technological entrepreneur”. generally looks like.

Wolfe Herd’s success story flies in the face of the idea that “you can only credibly start a business if you have several prestigious degrees.” [and] all good experience, “Kunst said.” She played this game on her own terms. “

Wolfe Herd has gone to great lengths to differentiate his business – by publicly slamming and blocking a misogynistic user, banning gun photos, and reporting obscene images sent via direct messages on his app.

At the end of last month, the company updated its terms and conditions to ban bodily humiliation.

Whitney Wolfe Herd attends the Time 100 Gala celebrating the 100 Most Influential People in the World. (PA)

She has also used her profile to influence issues relating to women and the digital world. In 2019, she and Bumble successfully advocated for a new Texas law banning digital sexual harassment.

The fact that Wolfe Herd brought Bumble to this point is important in the larger drive to diversify the venture capital and startup ecosystem so that men – and especially white men – aren’t the only big beneficiaries and keepers.

“It’s not just me, I built this with a large team… but I think anyone can be here if they stick with what they’re trying to accomplish,” said Wolfe Herd. “It is time there were more women in leadership positions, on boards of directors, receiving capital and funding.”

Pam Kostka, CEO of the nonprofit focused on diversity in technology, All Raise, told CNN Business that “Whitney and the Bumble IPO is a herald of this evolution.”

“There’s going to be a different kind of wealth building from this IPO,” Kostka said, “and what will people do with that wealth?”

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Who is Whitney Wolfe Herd? Bumble App Founder Becomes New Self-Made Billionaire https://pseudoarc.com/who-is-whitney-wolfe-herd-bumble-app-founder-becomes-new-self-made-billionaire/ Mon, 15 Feb 2021 08:00:00 +0000 https://pseudoarc.com/who-is-whitney-wolfe-herd-bumble-app-founder-becomes-new-self-made-billionaire/ Whitney Wolfe Herd is not based in Silicon Valley. She doesn’t have a STEM degree and she hasn’t raised billions in venture capital. But Wolfe Herd’s company Bumble is set to have one of the highest-profile tech IPOs of the year so far, in what will be a watershed moment not just for her company, […]]]>

Whitney Wolfe Herd is not based in Silicon Valley. She doesn’t have a STEM degree and she hasn’t raised billions in venture capital.

But Wolfe Herd’s company Bumble is set to have one of the highest-profile tech IPOs of the year so far, in what will be a watershed moment not just for her company, but for female founders in general. .

Bumble, best known for its female-centric dating app, began trading on the Nasdaq on Thursday under the ticker symbol “BMBL”.

At 31, Bumble founder Whitney Wolfe Herd is considered one of the youngest self-proclaimed female billionaires. (Getty Images for Fast Company)

Bumble priced its stock at US$43 on Wednesday evening, up from its initial proposed price range of US$28 to US$30, signaling strong investor demand in what turned out to be a high market for newly opened technology companies.

Shares jumped immediately after trading, opening at US$76, a 77% increase.

At 31, she is believed to be one of the youngest self-made female billionaires of all time.

The company was founded in 2014 by Wolfe Herd, who started his career at another dating service, Tinder. She first set out to create a female-focused social network before landing on the concept of a female-focused dating app.

Bumble requires women looking for heterosexual partners to take the first step, the idea being that this feature would allow women to make their own choices.

Rich list: Bill Gates retakes the top spot

The idea caught on. Austin-headquartered Bumble has become a household name even as it competes in a crowded market for dating apps.

It also now offers services beyond dating, including professional networking (Bumble Bizz) and finding new friends (Bumble BFF).

Investment firm Blackstone bought a majority stake in Bumble’s parent company from Russian billionaire Andrey Andreev in 2019.

The parent company also includes Badoo, a popular digital dating service outside the United States, founded by Andreev in 2006. The Blackstone deal valued Bumble, the parent company, at $3 billion.

Bumble’s public offering follows several successful tech IPOs. Airbnb and DoorDash each skyrocketed in their recent public market debuts and continue to trade well above their IPO prices. (Getty)

Bumble’s public offering follows several successful tech IPOs. Airbnb and DoorDash each skyrocketed in their recent public market debuts and continue to trade well above their IPO prices.

Unlike many other tech companies, the majority of Bumble’s board is made up of women.

At 31, Wolfe Herd will become one of the youngest female tech CEOs to take her company public, following in the footsteps of Katrina Lake, the founder and CEO of Stitch Fix, who was 34 when she saw her company. through its IPO.

“You don’t have to be any type of person to be successful in business or in the tech industry,” Wolfe Herd told CNN Business in an interview Thursday.

Walton family (16th, 17th and 18th richest) Combined value of $203.5 billion

The richest people in the world you’ve never heard of

“I’ve really always tried to build what I wish to exist, what I wish could help improve the lives of the women I love and the people I love, and I think that doesn’t always have to follow the same path.”

Sarah Kunst, managing director of startup venture capital firm Cleo Capital and former senior adviser to Bumble, told CNN Business that Wolfe Herd’s IPO sets a meaningful example for other founders who don’t fit the mold. of what a “technological entrepreneur” is. generally looks like.

Wolfe Herd’s success story goes against the idea that “you can only credibly start a business if you have several prestigious degrees. [and] all the good experience,” Kunst said. “She played this game on her own terms.”

Wolfe Herd has worked to differentiate her business — from publicly slamming and blocking a misogynistic user to banning gun photos and reporting obscene images sent via direct messages on her app.

Late last month, the company updated its terms and conditions to ban body shaming.

Whitney Wolfe Herd attends the Time 100 Gala celebrating the 100 most influential people in the world. (AP)

She has also used her profile to weigh in on women’s issues and the digital world. In 2019, she and Bumble successfully advocated for a new Texas law banning digital sexual harassment.

The fact that Wolfe Herd got Bumble at this point is significant in the broader push to diversify the venture capital and startup ecosystem so that men — and especially white men — aren’t the only big beneficiaries. and guards.

“It’s not just me, I’ve built this with a large team…but I think anyone can be here if they stay true to what they’re trying to achieve,” Wolfe Herd said. “It’s time for more women to be in leadership positions, on boards, receiving capital and funding.”

Pam Kostka, CEO of All Raise, a nonprofit focused on diversity in tech, told CNN Business that “Whitney and the Bumble IPO are a herald of this breakthrough.”

“There’s going to be a different kind of wealth creation from this particular IPO,” Kostka said, “and what will people do with that wealth?”

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