Did the Market Fumble Bumble's Q1 Earnings Report?

Did the Market Fumble Bumble's Q1 Earnings Report?

Should you fall in love with Bumble (NASDAQ: BMBL), even though the market clearly did not after the female-focused dating app reported first-quarter results? It was the first earnings report for Bumble as a publicly traded company following its February IPO, and its shares opened 4% lower after it released what otherwise appeared to be a strong performance that beat analyst expectations. The dating app, which requires a woman to make the first move in selecting a potential partner to connect with, saw revenue for the three-month period ending March 31 rise 43% from the year-ago period to $170.7 million.