Bumble Q1 revenue beats expectations

Yahoo Finance Video

Yahoo Finance's Melody Hahm joins Yahoo Finance Live to break down Bumble's latest earnings report.

Video Transcript

SEANA SMITH: All right, we got some more earnings rolling in. Melody Hahm has Bumble for us. Melody.

MELODY HAHM: --stock action as well. We did see shares under pressure all during today's trading session, hitting actually an all-time low for the stock since it went public in February. Now, Bumble beating on both the top and bottom lines here very handily. We do see stock action after hours surging about 6%. Revenue did come in much larger than expected at about $170.7 million. We did see EPS. They did turn a profit last quarter at $1.69 per share. Analysts were expecting a $0.03 loss across the board.

Bumble has really benefited over the last quarter from discontinued vaccine rollout, in addition to people still feeling a little trepidation. So the one-two punch there, right, where people are feeling more comfortable FaceTiming for a first date, video chatting rather than seeing people in person. But then there's also those folks who are willing to go to an outdoor bar, eat and dine al fresco, and you are seeing that reflected in the results. We are expecting to get an interview with CEO Whitney Wolfe Herd tomorrow to talk all things earnings. Just throwing it back to you.

ADAM SHAPIRO: Melody, thank you very much.

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