3 Reasons to Buy Bumble After Its Post-Earnings Tumble

·4 min read
3 Reasons to Buy Bumble After Its Post-Earnings Tumble

Bumble's (NASDAQ: BMBL) stock recently fell below its IPO price after the online dating company posted its first-quarter earnings. For the full year, Bumble expects its revenue to rise 34%-35% and for its adjusted EBITDA to increase 24%-27%. The bears believe Bumble will struggle to compete against Match Group (NASDAQ: MTCH), the online dating giant that owns Tinder and other popular apps like Hinge, Meetic, Pairs, BLK, Chispa, and Plenty of Fish.

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