Bumble drops 15% in worst day in months, ahead of earnings

Vivien Killilea/Getty Images Entertainment

• A slide at dating app company Bumble (NASDAQ:BMBL) is accelerating, with Thursday's 14.5% tumble its worst in months.
• The stock has hit its all-time low, just over a year after its initial public offering. The company had priced in February 2021 at $43/share but quickly rose closer to $80/share.
• On Thursday it hit $19.31. And the move deepens a decline over the past five days that had amounted to a 12%-plus drop. The stock fell on eight of the past 10 trading sessions and is down 22.5% over the past month (see a one-month chart of performance vs. the market and Match Group (MTCH -4%) here.)
• Volume is relatively heavy, at 2.75 million shares traded, surpassing the daily average of 1.7 million shares.
• The slide comes just a week before Bumble's earnings, which are set for after the close on Tuesday, March 8. Consensus expectations are for the company to post revenue growth of nearly 27%, to $209.9 million - though earnings per share estimates range from -$0.02 to $0.19.

Comments

[Masajoje]

Why is bmbl up today?

[HaroldRamis]

@Masajoje lonely women

[auzadventure]

bumble should be bumbling...

[Scott the Robot]

Its a dating app people - for crying out loud. This needs a market cap of $1 billion or less.

[King's Ransom]

Bumble allows trannies to pose as women. Couldn’t have happened to a better bunch.

[britneyloveswoody]

Stupid app that gives modern women another way to monetize themselves in femcentric society. I would love to see this in penny stock land.

[BettingOnBiotech]

@britneyloveswoody somebody didn't get swiped right...

[britneyloveswoody]

@BettingOnBiotech please. I'm a Chad so it works for me. It's the other 80% I feel bad for. It's nothing but sifting through damaged goods.

[Doctor_ECE_Prof]

Now investors can sing the company's theme song:
"I bumbled into a honey bee only to get stung by them" :)
During the last two years did we have the COVID pandemic or some brain eating parasite pandemic? A dating app. valued to some $20B at its peak.
But again, what would this old, senile person would know!

[pyrite99]

@ECE_Prof Excellent observation. "A fool and his/her/them/they/their/its money is soon parted".

[apineda7000]

Going to $10

[HaroldRamis]

I never liked the name

[Seeking more alpha than you]

@HaroldRamis that’s fine - no biggie.

[hdnw]

online dating was just another covid play like telehealth, robinhood, vaccine manufactures, etc

[BettingOnBiotech]

@hdnw three out of four of my siblings and myself have all found our spouses on dating apps prior to covid. I met my wife on Bumble

[JackNife]

@BettingOnBiotech Her boyfriend too.

[hdnw]

@BettingOnBiotech congrats! here's to $BMBL relying on your family as a recurring source of revenue 🍾

[Bernard IV]

I've been on the dating apps and they all make average women feel like princesses. They get crazy delusional picky from hundreds of messages from thirsty guys.

[Long Solo]

@Bernard IV The "move" as a guy is to just cough up the money for premium so you aren't wasting your money swiping and can see the women who like your profile. Also puts you on the top of other profiles.

Like pay-to-win but for dating.

[Finding Your Retirement]

@Bernard IV but that's the norm isn't it? i remember tinder releasing a study a while back showing 80% of women go after 20% of men. These dating apps aren't about helping people find their husbands or wives but giving hope to the 80% of men to keep paying money to attract 20% of the women

[Bernard IV]

@Finding Your Retirement Yah I get a few matches so it isn't all bad. I'm decent looking.

[Chris Lau]

SA should have written that "Investors are furiously swiping left on $BMBL."
Wall street are the best anti-signal out there 🤡🤡 🤡

[Archman Investor]

Wall Street wins again.

From $70 to $20.

Good lord.