BMBL

The end of the earnings season is always a good time to take a step back and see who shined (and who didn’t). Let’s take a look at how consumer subscription stocks fared in Q2, starting with Bumble (NASDAQ:BMBL). Consumers today expect goods and services to be hyper-personalized and on demand. Whether it be what music they listen to, what movie they watch, or even finding a date, online consumer businesses are expected to delight their customers with simple user interfaces that magically fulfill demand. Subscription models have further increased usage and stickiness of many online consumer services. The 7 consumer subscription stocks we track reported a mixed Q2. As a group, revenues beat analysts’ consensus estimates by 1.6% while next quarter’s revenue guidance was 2.4% below. Amidst this news, share prices of the companies have had a rough stretch. On average, they are down 5.5% since the latest earnings results. Started by the co-founder of Tinder, Whitney Wolfe Herd, Bumble (NASDAQ:BMBL) is a leading dating app built with women at the center. Bumble reported revenues of $210.5 million, down 15.2% year on year. This print was in line with analysts’ expectations, but overall, it was a slower quarter for the company with a decline in its buyers and revenue guidance for next quarter missing analysts’ expectations significantly. The market seems disappointed with the results as the stock is down 11.7% since reporting and currently trades at $2.68. Read our full report on Bumble here, it’s free. With a name meaning six in Japanese because it was the founder's sixth company that he started, Roku (NASDAQ: ROKU) makes hardware players that offer access to various online streaming TV services. Roku reported revenues of $1.35 billion, up 21.9% year on year, outperforming analysts’ expectations by 4.4%. The business had an exceptional quarter with an impressive beat of analysts’ EBITDA estimates and solid growth in its requests. The market seems content with the results as the stock is up 5% since reporting. It currently trades at $157.51. Is now the time to buy Roku? Access our full analysis of the earnings results here, it’s free. Launched by Reed Hastings as a DVD mail rental company until its famous pivot to streaming in 2007, Netflix (NASDAQ: NFLX) is a pioneering streaming content platform. Netflix reported revenues of $12.56 billion, up 13.4% year on year, in line with analysts’ expectations. It was a softer quarter as it posted EPS guidance for next quarter missing analysts’ expectations and full-year revenue guidance meeting analysts’ expectations. Netflix delivered the weakest full-year guidance update in the group. Interestingly, the stock is up 5.3% since the results and currently trades at $78.32. Read our full analysis of Netflix’s results here. Founded by a Carnegie Mellon computer science professor and his Ph.D. student, Duolingo (NASDAQ:DUOL) is a mobile app helping people learn new languages. Duolingo reported revenues of $298.5 million, up 18.3% year on year. This print topped analysts’ expectations by 0.9%. It was a strong quarter as it also recorded an impressive beat of analysts’ EBITDA estimates and full-year EBITDA guidance exceeding analysts’ expectations. The stock is down 1.7% since reporting and currently trades at $133.05. Read our full, actionable report on Duolingo here, it’s free. Started as a physical textbook rental service, Chegg (NYSE:CHGG) is now a digital platform addressing student pain points by providing study and academic assistance. Chegg reported revenues of $51.85 million, down 50.7% year on year. This result beat analysts’ expectations by 4.8%. More broadly, it was a slower quarter as it produced revenue and EBITDA guidance for next quarter missing analysts’ expectations. Chegg scored the biggest analyst estimate beat but had the weakest guidance update and slowest revenue growth of the whole group. The stock is down 21.5% since reporting and currently trades at $0.81. Read our full, actionable report on Chegg here, it’s free. Over the past year, investors have been forced to repeatedly answer the same question: what is the market’s biggest risk? The answer has changed several times, and each shift has reshaped market leadership. Late in 2025 and early 2026, artificial intelligence became the market’s primary uncertainty. Investors questioned whether AI would erode software pricing power and weaken competitive moats as AI made it easier to replicate once-differentiated products. By the spring, technology took a back seat to geopolitics. The U.S. conflict with Iran briefly became the market’s dominant narrative, raising concerns about oil prices, inflation, and global growth. But as energy markets remained orderly and fears of a prolonged supply disruption faded, investors quickly turned their focus back to fundamentals. Want to invest in winners with rock-solid fundamentals? Check out our Top 6 Stocks and add them to your watchlist. These companies are poised for growth regardless of the political or macroeconomic climate.

Image source: The Motley Fool. Wednesday, Aug. 5, 2026 at 4:30 p.m. ET Founder and Chief Executive Officer - Whitney Wolfe Herd Chief Financial Officer - Kevin D. Cook Head of Investor Relations - William Paul Taveras Operator: Hello, everyone. Thank you for joining us, and welcome to Bumble's second quarter 2026 financial results Conference Call. After today's prepared remarks, we will host a question-and-answer session. If you would like to ask a question, please press *1 to raise your hand. To withdraw your question, press 1 again. I will now hand the conference over to Will Tavares, Head of Investor Relations. Will, please go ahead. William Paul Taveras: Thank you for joining us to discuss Bumble's second quarter 2020 financial results. With me today are Bumble's Founder and CEO, Whitney Wolfe Herd and CFO, Kevin D. Cook. Before we begin, I would like to remind everyone that certain statements made on this call today are forward looking statements. These forward looking statements are subject to various risks and uncertainties and reflect our current expectations based on our beliefs, assumptions, and information currently available to us. Although we believe these expectations are reasonable, we undertake no obligation revise any statement to reflect changes that occur after this call. Descriptions of factors and risks that could cause actual results to differ materially from these forward looking statements are discussed in more detail in today's earnings press release and our periodic filings with the SEC. During the call, we also refer to certain non GAAP financial measures. These non GAAP measures should be considered in addition to and not as a substitute for, or in isolation from, our GAAP results. Reconciliations to the most comparable GAAP measures are available in our earnings press release which is available on the Investor Relations section of our website at ir.bumble.com. With that, I will turn the call over to Whitney. Whitney Wolfe Herd: Hello, everyone, and thank you for joining us today. Second quarter results were in line with our expectations. And Kevin will take you through the numbers in greater detail shortly. As we get into the final stages of our transformation, I want to share our progress, what we are learning, and where we are headed next. Over the first half of this year, we have improved the quality of our member base and we are rebuilding on a stronger foundation. We have made meaningful progress. From here, the path back to growth is in clear sight. And it will be defined by 2 things. 1, product innovation, and 2, winning back the cultural zeitgeist through brand and marketing investment. We have a very clear view of what is needed to win on both of these fronts and we are executing with full focus. Last time we talked about our new technology platform on which we will deliver the reimagined Bumble experience. We are now in the process of porting core features and functionality to the new tech stack. Key to completing this effort is migrating critical data from our own data centers onto modern cloud infrastructure, the underpinning of the entire platform. Due primarily to the volume and complexity of the data this has been more time consuming than we initially expected. and delayed us by a couple of months. This has pushed our new interaction model and parts of our innovation road map. We have a clear plan internally, and we are making good progress. Once we are fully on the platform, we will be able to ship products faster than we have ever been able to before. In the meantime, we are not standing still. We have been able to on other important improvements to address member pain points on the Bumble app. I will share a few examples. The first is a major product enhancement we have been able to test in 12 markets. Changing how chats are initiated, Now for the first time on Bumble, by default, anyone will be able to send only 1 single opening message, and the conversation does not progress until the recipient responds. We are also addressing another major complaint that existed from our members, and we are extending the 24 hour match response window. In our initial test, we saw very positive signals with members experiencing a significant increase in chat initiation and mutual chat rates. We plan to roll out both updates globally by the end of this month. As I touched on earlier, we are also making a series of other impactful algorithmic improvements to show how we sort and surface recommendations. These changes are driving meaningful improvements and outcomes for our members in testing. Including solid gains in members with a match and chat initiation, and culminating in substantial increases in average mutual chats. These wins helped drive progress towards our North Star. Delivering our members successful dates. The goal with many of our updates is to get people out from behind the screen faster to meeting in person. In addition to strengthening the core experience, you will see us lean more into real life experiences. More ways to meet, not just match, and more ways to meet together with friends instead of just 1-to-1. I am a firm believer that the future of meeting people in groups will become more important. People love to come together in groups and see who they naturally share chemistry with once they have met. Bumble can be a catalyst for helping people socialize more broadly. This is precisely the foundational work that we are doing on group experiences. Group socializing is a real part of how Gen Z prefers to meet. And we believe Bumble represents a natural bridge from meeting to socializing to then dating. We are already seeing signs of this in our group's initiative on BFF. We are seeing strong growth in both the number of active groups and in the average number of active members per group on BFF. It has been very exciting to see the natural and organic demand and love for the BFF brand and how much it resonates with Gen Z women in particular. Another initiative that supports the IRL theme is plan. Our standalone app that we are testing for curated in person social events. With the functionality to match with attendees after the event is over. Plans is showing promising results in very early tests this summer, marketed to the youngest cohort of prospective members. The premise of plans is simple: meet first, match later. This comes to life via these group experiences consistent with how younger generations are finding connection and eventually love. Together, the chat initiation feature, algorithmic improvements, and group initiatives are important steps towards the better experience our members want. And I am pleased with the progress that we have made. However, this alone does not satisfy our full ambition. Frankly, this has been the most frustrating part of the technical transformation, the inability to ship the features our members are craving at a cadence that modern technology demands. The good news is that we are close. So let's turn to what is next. The exciting stuff. To close out 2026, we expect to begin shipping a multitude of product enhancements that our members have been asking for, ranging from profile and onboarding updates, to more compelling, interesting ways to meet people in real life. Along with testing elements of our fundamentally new interaction model that I lightly previewed last quarter. Given the data migration delay, we now expect to begin rolling this out in very early 2027. The core idea is a shift away from optimizing for swipe speed and velocity. Towards something more intentional fewer, better, more considered signals, What will replace the swipe I will be keeping under wraps a bit longer for competitive purposes. But it is designed to generate more immediate interactions most importantly, better outcomes. Mimicking real life and eliminating the friction and delay that exists in current dating app model. The early member feedback on the new interaction model has been very positive, and Gen Z in particular, as well as millennials, both women and men have responded enthusiastically. We remain very bullish and excited about the direction we are headed. Turning to beam, our AI dating assistant tool. it is expected to play an important role in how the experience will be delivered. But never degrading the human first approach that we will always adhere to. Let me be clear. B is not replacing the swipe. We are not aiming for an AI driven experience but simply the intelligence under the hood. We believe that AI tools can help engaged members show up at their true authentic selves, even better connect with a higher degree of relevancy, and get to better outcomes. B is in select member's hands for onboarding and matching today, and it is resulting in a more complete and authentic view of the individual. Member feedback has been that the resulting matches are more relevant, thanks to the greater signal. We are being very deliberate about how we deploy B because trust is paramount. We believe the biggest opportunity for our overall member satisfaction is to provide greater value to all nonpaying members. Which can attract more people, especially Gen z, to the platform and drive increased engagement. We will be making the free experience much more compelling. For example, by offering free limited access to Likes You, the most in demand part of the product, which is currently only available to paid members. We believe that there is a lot of opportunity to allow members to see the value and then convert to a subscribing member for more access. We have been testing different iterations, and what we have seen is that in early results, there is a significant uptick in yes votes, matches, and mutual chats. These are all key for driving top of funnel and member satisfaction which drives the flywheel of word-of-mouth growth. These tests are early and actively underway, so we do look forward to updating you next quarter as we have more to share. More broadly, we are planning to rearchitect our subscription tiers to be simpler. And more inviting upfront. Emphasizing a great free experience with a clean, obvious path into paid tiers that can deliver clear value by enhancing member outcomes. As we build more innovation into our product, we will have more value additive offerings to distribute across the different pricing tiers. Our philosophy is simple. Monetize value and outcomes not friction. This will take some tuning, but we have conviction that a better free experience is how we widen the top of funnel, and earn the right to monetize. This is how you build the kind of product loyalty that lasts. At the other end of the funnel, we are exploring a higher subscription tier than we have previously offered. 1 that really anchors on mutual serious intent. Which is ultimately what will drive value for a higher paying member. Turning to brand investment. So far this year, our investment focus has been on technology and product. And I have just walked you through some of those highlights. We have maintained a very strong margin for more than a year as we pulled back on marketing spend while the product was under transformation. Order to not waste dollars on bringing people into a product experience that was not up to their or our standards. But now as we enter the final stages of our transformation, it is time to prioritize brand marketing again. As a reminder, I built this company and brand from intuitively understanding what women want, need, and expect from dating, consumer brands, and experiences. This is my strength. And I am excited to go full force back into rebuilding the brand into an incredibly relevant, beloved company that once again captures the cultural zeitgeist. Brand that not only young women love and advocate for, but can also win culture with men. We are starting from a strong base. Among those who know Bumble, we continue to lead in our category on brand favorability. However, the younger cohort just entering our category does not have the same familiarity with Bumble. This is not product related. It is an awareness issue. And this is good news for us. Because we have an opportunity to go back and do what I did when I launched this company and take over culture again. We are doing this by reinvesting in community, creators, and hyperlocal energy, pointing it directly at a younger audience. This will be a big focus for us in 2027, and it will start ramping in Q3 and Q4 of this year. It is time to start reinvesting for growth. However, as evidenced by this past year, we will remain prudent and surgical about how we spend, and we will be mindful of healthy margins. It is important to recognize that product and marketing are not separate initiatives. They complement 1 another. In our business, the most important element of the product is people using it. The right mix of numbers make every match more relevant and every conversation better. Which means who we attract shapes the quality of the experience itself. But that flywheel only turns if the product works, and the people marketing brings the top of the funnel. that is why the core experience improvements come first, and why we are now stepping up brand investment. It is also why we expect the investment supporting our new product updates to be more efficient than the performance marketing spend that you saw from our company in prior years. Our new approach to performance marketing is boosting the great content that our creators and members are making and the success stories that stem from Bumble along with highlighting all of our IRL activities that have been resonating very well with Gen Z. To summarize, the core app will be getting better every day, and our velocity of innovation will only accelerate as we complete our data migration. The early results from the changes that we have been able to push through are encouraging They are leading to better experiences for a healthier, more stable member base. Before I close, I stepped back in as CEO in March 2025. My first priority was to do a quality reset. We raised the bar on profile quality, focus on subscription revenue, and took the necessary and difficult steps to transform our tech back end to be modern and advanced for future innovation. We transformed our team, brought in the best talent, and operated in a much more lean and efficient capacity. Essentially, I knew we had to shrink in order to grow. It has not been easy, but I believe it has been worth it. I believe the best is ahead of us. When I stepped back in, the top complaint was trust with profiles on the platform. Prior complaints about bots, spammers, and low quality profiles have in many respects, been addressed as the quality of our member base has dramatically improved, turning our member base into 1 of our strengths. Now we will deliver the road map that our members deserve, with the innovation that delivers the outcomes that they are seeking members first, always. We will win back culture with incredible marketing and brand experiences, and that is how Bumble will win. Demand for love and human connection has never been in question. In fact, as AI progresses, I find myself asking what will not be replaced by AI. And the answer is very clear. The need for real love, friendship, and connection in the real world with other humans. Because we are better together. Our job is to build products worthy of it, and that is exactly what our team is doing. Thank you so much. And with that, I will turn it over to Kevin. Kevin D. Cook: Thank you, Whitney. Hello, everyone. For the second quarter, total revenue finished in the upper half of our guidance range. And adjusted EBITDA exceeded the high end. Consistent with the strategy Whitney just described, we are past the most acute effects of the quality reset Our member base is stabilizing, and we are shifting focus toward investment in product technology, and brand marketing. I will review our quarterly results before turning to the outlook. Unless otherwise noted, my comments are on a non GAAP basis, and comparisons are year over year. Total revenue was $211 million compared to $248 million a year ago, Foreign exchange was a tailwind of approximately $3 million in the quarter. Bumble app revenue was $172 million compared to $21 million a year ago. The new app and other revenue $39 million compared to $47 million a year ago. Adjusted EBITDA was $73 million, representing a 35% margin compared to $95 million and 38% a year ago. We have continued to produce healthy margins even as we have invested more in product development to modernize the platform. We are also beginning to accelerate brand marketing ahead of our product rollouts. This spend will likely bring adjusted EBITDA margins in line with historical levels over the second half of the year. This is the expected normalization of the cost base we have been discussing for several quarters as we put selective well timed resourcing behind this next transformation phase. Gross margin expanded roughly 380 basis points year over year with cost of revenue at 26% of revenue, versus 29%. Driven by continued adoption of alternative billing methods and the corresponding reduction in aggregator fees. We expect alternative billing to remain a year over year tailwind to gross margin, through the balance of the year. On operating expenses, selling and marketing expense was $28 million or 14% of revenue, compared to $30 million or 12%. Managed marketing spend to well below historical levels through the second quarter as we invested primarily in product updates with a planned acceleration beginning in the third quarter. Product development expense was $31 million or 15% up from $24 million and 10% a year ago, reflecting our continued investment in platform modernization including the infrastructure migration Whitney described. General and administrative expense was $25 million, or 12%, compared to $27 million or 11% a year ago. When reviewing our GAAP results, please note that our net loss of $128 million includes a noncash impairment charge of $169 million This charge has no impact on our operations, cash flow or liquidity, and therefore, is excluded from adjusted EBITDA. Excluding the impact of the charge, the company generated positive net income in the quarter. With respect to the balance sheet and cash flow, we continue to generate strong cash flow. In the quarter, we generated $54 million of operating cash flow, and $51 million of free cash flow. Year-to-date, operating cash flow was $131 million and free cash flow was $125 million. We concluded the second quarter with $154 million of cash and cash equivalents. Turning to the outlook. Our focus is on activating our higher quality member base through the investments in product and marketing Whitney outlined, which we expect will ultimately lead to member growth and its derivative effects on payers and revenue. These benefits will take time to show up in the financials, but we believe best position us for durable engagement and monetization. For the third quarter, we expect total revenue in the range of $205 million to $213 million including Bumble app revenue of $167 million to $173 million and adjusted EBITDA of $56 million to $60 million representing approximately 28% margin at the midpoint. More broadly, we expect adjusted EBITDA margins to continue to normalize over the remainder of 2026 as we increase investment in technology and talent, to modernize the platform and drive product innovation. And as we aim our marketing at supporting new products, organic member growth, and brand. In closing, Q2 played out as expected, stable revenue, continued gross margin expansion, and strong cash flow. In the second half of the year, we are leveraging our strong margin profile and cash generation to invest in the vision transformation that Whitney outlined. Maintaining strong operating discipline, at every step. With that, operator, let's open the line for questions, please. Operator: We will now begin the question and answer session. Please limit yourself to 1 question and 1 follow-up. If you would like to ask a question, please press *1 to raise your hand. To withdraw your question, press *1 again. We ask that you pick up your handset when asking a question to allow for optimum sound quality. If you are muted locally, please remember to unmute your device. Please stand by while we compile the Q&A roster. Your first question comes from the line of Nathaniel Feather with Morgan Stanley. Nathaniel, please go ahead. Nathan Feather: Hi, everyone. Thanks so much for the question. 2, if I may. First, can you just talk a little bit what is led to the delay in the tech stack 2.0? Transition here. And as you get that rolled out, just anyway to help contextualize with the upside can be from a payer per user, etcetera, perspective, and then on the margins, if you give the margin, stepping down a little bit quarter over quarter, how much of that is marketing versus other investments? And is that kind of the right run rate we should think of for margins going forward now that the investment is back in the cost base. Thank you. Whitney Wolfe Herd: Thanks so much for the questions, Nathaniel. I will take those. So the data migration delay it is really due just primarily to the complexity of the data and just the vast nature of how much data there is. And as you can imagine, we would rather get this perfectly right than beat some deadline. And so, you know, we are taking our time on making sure that this gets done properly. Now remember, this data migration will be a part of what we have called tech 2.0 transformation. This will set us up for, finally, the ability to really push out great product, and I am going to get into this in a second because there are 2 sides of this. great member-facing features, and the velocity should be extraordinary compared to where we have been. So as an example, we have a very robust road map. As you can imagine. That has essentially amassed over the last year while we have been technically due to the nature of our resources and the steps needed to just complete this data migration, it has hindered us from shipping excellent product updates that the members can see, feel, engage with. that is just 1 part of it, because remember that a big component of this 2.0 transformation is the next-gen recommendation engine. What do I mean by that? As you know, we are a platform that is extremely reliant on making sure that we serve our members relevant people to interact with. On the legacy algorithmic system, the recommendations engine, it could have taken us months to make very marginal changes. The velocity and the ability we will have now once fully migrated onto next-gen recs is going to be extraordinary for what we can do for our members, the way we can algorithmically make enhancements and changes to serve our members better, to get them better matches in a quicker, more efficient, more relevant manner. So that is really, that is touching on the first 2 pieces of that. Let me just summarize that really quick. Data migration delayed by just a couple of months to get it right, really only because of the depth of that data and the complexity of it. Yes, this will convert to extreme velocity of output for great product updates for our members. Super bullish and excited about the road map that we have. Now let's turn to margin. So as I said in my prepared remarks, we were very mindful of preserving margins and operating in the most efficient way we possibly could while we took these huge leaps that were necessary and painful, as I touched on, to really set ourselves up for long term success. Both of those things being the quality reset, and the technical transformation. Now that we are looking towards the end and the light is at the end of the tunnel, it is time to market again. It is time to grow. So as you saw we are really going to be kind of putting most of that, margin decrease into marketing. That is where the cost is going. And it is strategic marketing. it is not just spending to spend. This is really all about recapturing culture, recapturing that young dating audience, and this is what we know how to do extraordinarily well. So that is precisely where the margins go. As far as normalization of margins, we will spend to grow. We will not spend just to spend. So as long as we are growing, we will be spending, but you can expect margins to always be managed in a really healthy and mindful way. Nathan Feather: Very helpful. Thank you. Operator: A reminder that if you would like to ask a question, please press *1 to raise your hand. Your next question comes from the line of Andrew Marok with Raymond James. Andrew, please go ahead. Andrew Marok: Hi. Thanks for taking my questions. Maybe to piggyback off that last commentary with the return to marketing, it seems like there is a lot of change happening in the app and the user experience, of course. How do you condense all of that into a digestible message either for returning users who already have an existing sense of the Bumble app or new users who you are looking to expand to. Whitney Wolfe Herd: Thank you so much for the question, Andrew. So 1 of the things that we care most about is not overwhelming a member. Simplicity is the name of the game. And when we make these enhancements, I do not want you to think about it as we are just adding 100 new bells and whistles to this. That is not what is happening. These are oftentimes silent enhancements in terms of the disruption to a member. So these are micro enhancements, and then they are meaningful enhancements. I will give you a couple quick examples. 1 large complaint we got right now is the overwhelm of the likes you have for women in particular. We have several updates that are in the pipeline to make that a very pleasant, efficient, and seamless experience. So basically and I hope I am answering this properly but we are not just going to overwhelm the app 1 day with, like, 20 new features. that is not how this is going to work. We are going to be extremely mindful about not overwhelming the member which is precisely why our new interaction model, the swipe free interaction model, will not just turn on 1 random day for everybody. We are going to very, very thoughtfully and strategically and mindfully test our way into these changes so that we do not disrupt the ecosystem and we just always provide a more seamless, more simplistic, less clunky, more rewarding outcome driven experience for our members. Andrew Marok: Got it. Thank you. And if I can maybe squeeze in 1 more. Obviously, you know, early days, and this is a lot of testing and experimentation ahead, I imagine. But when you are talking about the enhanced free offering, just if you could give a little sense of your tolerance for a little short term ARPU headwind for the promise of greater conversion in LTV down the line? Whitney Wolfe Herd: Yes. it is a really great question. So again, this team is extraordinary at putting in guardrails. Right? There are certain things that we will and will not tolerate, and that is very much part of all of the tests. So for example, right now, we have several tests in flight where we are essentially letting people see who liked them up to a certain number of people per day or some certain level of cadence without giving too much information. With a guardrail on ARPU on revenue decline on payer penetration, all of the things that drive good business. But what we have seen in early tests, and I want to reinforce that these are early tests, is that this actually leads to greater willingness to become a paying member. Because all of these things that drive outcomes, like casting yes votes or getting a match or a chat or a mutual chat, These are the things that determine a member's perception of success and success leads to wanting to use the product more and get a better experience. And so by letting the member actually experience that higher tier, which is the Likes You tab, which is the most used feature in the product, by letting them experience without putting the paywall up right away is actually showing more positivity than you might expect. And so, again, we are going to be very mindful and test our way into this with very strict guardrails around what we will and will not tolerate when it comes to all those other business metrics. Andrew Marok: Great. Thank you. Operator: There are no further questions at this time. This concludes today's call. Thank you for attending. You may now disconnect. Before you buy stock in Bumble, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Bumble wasn’t one of them. The 10 stocks that made the cut are built for long-term growth and could produce monster returns in the coming years. 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As with all our articles, The Motley Fool does not assume any responsibility for your use of this content, and we strongly encourage you to do your own research, including listening to the call yourself and reading the company's SEC filings. Please see our Terms and Conditions for additional details, including our Obligatory Capitalized Disclaimers of Liability. The Motley Fool recommends Bumble. The Motley Fool has a disclosure policy. Bumble (BMBL) Q2 2026 Earnings Call Transcript was originally published by The Motley Fool

This article first appeared on GuruFocus. Total Revenue: $211 million, compared to $248 million in the prior year. Bumble App Revenue: $172 million, compared to $201 million a year ago. Badoo App and Other Revenue: $39 million, compared to $47 million a year ago. Adjusted EBITDA: $73 million, representing a 35% margin, compared to $95 million and a 38% margin a year ago. Gross Margin: Expanded roughly 380 basis points year-over-year, with cost of revenue at 26% of revenue versus 29%. Selling and Marketing Expense: $28 million, or 14% of revenue, compared to $30 million, or 12% a year ago. Product Development Expense: $31 million, or 15% of revenue, up from $24 million, or 10% a year ago. General and Administrative Expense: $25 million, or 12% of revenue, compared to $27 million, or 11% a year ago. Net Loss: $128 million, including a noncash impairment charge of $169 million. Operating Cash Flow: $54 million in the quarter; $131 million year-to-date. Free Cash Flow: $51 million in the quarter; $125 million year-to-date. Cash and Cash Equivalents: $154 million at the end of the quarter. Third-Quarter Revenue Guidance: Expected in the range of $205 million to $213 million. Third-Quarter Bumble App Revenue Guidance: Expected in the range of $167 million to $173 million. Third-Quarter Adjusted EBITDA Guidance: Expected in the range of $56 million to $60 million, representing an approximately 28% margin at the midpoint. Warning! GuruFocus has detected 4 Warning Signs with BMBL. Is BMBL fairly valued? Test your thesis with our free DCF calculator. Release Date: August 05, 2026 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Bumble Inc (NASDAQ:BMBL) reported Q2 2026 results in line with expectations, with total revenue of $211 million and adjusted EBITDA of $73 million, exceeding the high end of guidance. Gross margin expanded by 380 basis points year-over-year, driven by the adoption of alternative billing methods and reduced aggregator fees. The company generated strong cash flow, with $54 million in operating cash flow and $51 million in free cash flow for the quarter. Product enhancements, such as the new chat initiation feature and extended 24-hour match response window, have shown positive signals in testing, including increased chat initiation and mutual chat rates. Bumble Inc (NASDAQ:BMBL) is making progress on its AI assistant 'Bee' and group initiatives like BFF and Plans, which are resonating with Gen Z and driving organic growth. The company plans to enhance the free experience by offering limited access to 'Liked You' features, which has shown early signs of increasing engagement and conversion potential. Total revenue declined to $211 million from $248 million year-over-year, with Bumble App revenue down to $172 million from $201 million. Adjusted EBITDA decreased to $73 million from $95 million, with margins contracting to 35% from 38% year-over-year. The data migration for the Tech 2.0 transformation has been delayed by a couple of months due to the volume and complexity of data, pushing the rollout of the new interaction model to early 2027. The company expects adjusted EBITDA margins to normalize to historical levels in the second half of 2026, with Q3 guidance indicating a margin of approximately 28% at the midpoint. Bumble Inc (NASDAQ:BMBL) recorded a net loss of $128 million in Q2, including a noncash impairment charge of $169 million. The company is facing challenges with brand awareness among younger cohorts, requiring increased marketing investment to recapture cultural relevance. Q: Can you unpack what's led to the delay in the Tech 2.0 transition, and what the upside can be from a cost perspective? Also, how much of the margin step-down is marketing versus other investments, and is that the right run rate going forward?A: Whitney Wolfe Herd (CEO): The data migration delay is due to the complexity and vast volume of data; we prefer to get it perfectly right rather than beat a deadline. Once fully migrated, this will enable extraordinary velocity in shipping product updates and a next-gen recommendation engine, allowing for faster, more relevant matches. On margins, the decrease is primarily going into strategic marketing to recapture culture and the young dating audience. We will spend to grow, but not just to spend, and will always manage margins in a healthy, mindful way. Q: With the return to marketing and many changes in the app, how do you condense all of that into a digestible message for returning or new users?A: Whitney Wolfe Herd (CEO): We care most about not overwhelming members; simplicity is key. These are often silent, micro-enhancements rather than adding 100 new features. For example, we are addressing the overwhelm of the "Liked You" tab for women. The new swipe-free interaction model will not turn on randomly for everyone; we will test thoughtfully to avoid disrupting the ecosystem and provide a more seamless, rewarding experience. Q: Regarding the enhanced free offering, can you give a sense of your tolerance for short-term ARPU headwinds for the promise of greater conversion and LTV down the line?A: Whitney Wolfe Herd (CEO): We have strict guardrails in place for all tests, monitoring ARPU, revenue decline, and payer penetration. Early tests show that letting people see who liked them (up to a certain number per day) actually leads to a greater willingness to become a paying member because it drives outcomes like matches and chats. By letting members experience the higher tier without an immediate paywall, we see more positivity than expected, and we will tap into this carefully with strict guardrails. Q: What is the status of the new interaction model and the "Bee" AI assistant, and how will they impact the user experience?A: Whitney Wolfe Herd (CEO): Due to the data migration delay, the new interaction model will begin rolling out in very early 2027. It shifts away from swipe speed towards more intentional, better signals, designed to generate more immediate interactions and better outcomes. Bee, our AI dating assistant, is in select members' hands for onboarding and matching, resulting in more complete and authentic profiles and more relevant matches. Bee is not replacing the swipe; it's intelligence under the hood to help members show up authentically and connect with higher relevancy. Q: Can you provide more detail on the new chat initiation feature and the extension of the 24-hour match response window?A: Whitney Wolfe Herd (CEO): We tested a major product enhancement in 12 markets where, by default, anyone can send only one single opening message, and the conversation does not progress until the recipient responds. We are also extending the 24-hour match response window. Initial tests showed very positive signals with a significant increase in chat initiation and mutual chat rates. We plan to roll out both updates globally by the end of this month. Q: What are the financial results for Q2 2026, and what is the outlook for Q3?A: Kevin Cook (CFO): Total revenue was $211 million, with Bumble app revenue of $172 million and Badoo app and other revenue of $39 million. Adjusted EBITDA was $73 million, representing a 35% margin. Gross margin expanded roughly 380 basis points year-over-year. For Q3, we expect total revenue of $205 million to $213 million and adjusted EBITDA of $56 million to $60 million, representing an approximately 28% margin at the midpoint. We expect margins to normalize over the remainder of 2026 as we increase investment in technology and marketing. Q: How is the company approaching the free experience and subscription tiers to drive growth?A: Whitney Wolfe Herd (CEO): We are making the free experience much more compelling by offering free limited access to "Liked You," the most in-demand part of the product. Early results show a significant uptick in matches and mutual chat, which drives top-of-funnel and member satisfaction. We are also planning to rearchitect subscription tiers to be simpler and more inviting, emphasizing a great free experience with a clear path into pay tiers. Our philosophy is to monetize value and outcomes, not friction. We are also exploring a higher subscription tier that anchors on mutual serious intent. Q: What is the strategy for brand marketing and winning back culture, especially with younger audiences?A: Whitney Wolfe Herd (CEO): We are starting from a strong base, leading in brand favorability among those who know Bumble. However, the younger cohort entering the category lacks familiarity with Bumble, which is an awareness issue, not a product issue. We are reinvesting in community, creators, and hyper-local energy aimed at a younger audience. This will be a big focus in 2027, ramping up in Q3 and Q4 of this year. We will remain prudent and surgical about spending while being mindful of healthy margins. Q: Can you elaborate on the group experiences and the "Plans" app initiative?A: Whitney Wolfe Herd (CEO): Group socializing is a real part of how Gen Z prefers to meet, and Bumble represents a natural bridge from meeting to socializing to dating. We are seeing strong growth in active groups and average members per group on BFF. "Plans" is a stand-alone app we are testing for curated in-person social events with functionality to match with attendees after the event. The premise is "meet first, match later," consistent with how younger generations are finding connection. Early tests this summer are showing promising results. For the complete transcript of the earnings call, please refer to the full earnings call transcript.

Total Revenue Decreased 15% to $211 Million Net Loss Was $128 Million Adjusted EBITDA Was $73 Million AUSTIN, Texas, August 05, 2026--(BUSINESS WIRE)--Bumble Inc. (NASDAQ: BMBL) today reported financial results for the second quarter ended June 30, 2026. "We are executing against a clear roadmap of exciting new ways for our members to experience Bumble," said Whitney Wolfe Herd, Founder & CEO of Bumble Inc. "This next chapter is designed to enable our healthier, more engaged member base to connect more intuitively and move more confidently and quickly to in-person dates. There is more happening at Bumble today than at any point in years - we are completing our platform migration, transforming our matching algorithms, giving members new ways to start a conversation, expanding how they meet in real life, and building toward new group experiences - all converging into the reimagined Bumble we expect to bring to members." Second Quarter 2026 Financial and Operational Highlights:(all comparisons relative to the Second Quarter 2025) Total Revenue decreased 15.2% to $210.5 million, compared to $248.2 million. Total Paying Users decreased 16.4% to 3.2 million, compared to 3.8 million. Total Average Revenue per Paying User ("ARPPU") increased 1.2% to $21.96, compared to $21.69. Net loss was $127.9 million, or (60.7)% of revenue, which included a $169.3 million impairment charge, compared to net loss of $367.0 million, or (147.8)% of revenue, which included a $404.9 million impairment charge. Adjusted EBITDA was $72.9 million, or 34.6% of revenue, compared to Adjusted EBITDA of $94.6 million, or 38.1% of revenue. Information about Bumble's use of non-GAAP financial measures is provided below under "Non-GAAP Financial Measures." "We delivered second quarter revenue and Adjusted EBITDA at the higher end or above our guidance ranges, as we continue to execute with financial discipline," said Kevin Cook, CFO of Bumble Inc. "We are now deliberately investing across product, technology, and brand as we prepare to deliver on our innovation roadmap and position the company for long-term growth." Key Operating Metrics: The following metrics were calculated excluding paying users of and revenue generated from Official, advertising and partnerships or affiliates. The Bumble For Friends app was relaunched as BFF in the United States in September 2025. The Company has not sought to generate revenue from the BFF app and therefore it is excluded from our key operating metrics as of June 30, 2026. Please refer to the Definitions section for more information. Balance Sheet: As of June 30, 2026, total cash and cash equivalents were $154.0 million and total debt was $451.0 million. Financial Outlook: A reconciliation of Adjusted EBITDA to GAAP net earnings (loss) and Adjusted EBITDA margin growth to GAAP net earnings (loss) margin growth, which is growth in GAAP net earnings (loss) as a percentage of revenue, has not been provided for the outlook included herein, as the quantification of certain items included in the calculation of GAAP net earnings (loss) cannot be calculated or predicted at this time without unreasonable efforts. For example, the non-GAAP adjustment for stock-based compensation expense requires additional inputs such as number of shares granted and market price that are not currently ascertainable, and the non-GAAP adjustment for certain legal, tax and regulatory reserves and expenses depends on the timing and magnitude of these expenses and cannot be accurately forecasted. For the same reasons, the Company is unable to address the probable significance of the unavailable information, which could have a potentially unpredictable, and potentially significant, impact on its future GAAP financial results. Bumble anticipates the following results for the third quarter ending September 30, 2026: Third Quarter 2026: Total Revenue in the range of $205 million to $213 million, which includes: Adjusted EBITDA of $56 million to $60 million. Actual results may differ materially from Bumble’s financial outlook as a result of, among other things, the factors described under "Forward-Looking Statements" below. Conference Call and Webcast Information Bumble will host a live webcast of its conference call to discuss its second quarter 2026 financial results at 4:30 p.m. Eastern Time today, August 5, 2026. A webcast of the call and other information related to the call will be accessible on the Investors section of the Company’s website at https://ir.bumble.com. A webcast replay will be available approximately two hours after the conclusion of the live event. Definitions As used in this press release, unless otherwise noted or the context requires otherwise, the following terms have the following meanings. Our key metrics (Bumble App Paying Users, Badoo App and Other Paying Users, Total Paying Users, Bumble App Average Revenue per Paying User, Badoo App and Other Average Revenue per Paying User, and Total Average Revenue per Paying User) were calculated excluding paying users of and revenue generated from Official, advertising and partnerships or affiliates. The Bumble For Friends app was relaunched as BFF in the United States in September 2025. The Company has not sought to generate revenue from the BFF app and therefore it is excluded from our key operating metrics as of June 30, 2026. Total Revenue is the sum of Bumble App Revenue and Badoo App and Other Revenue. Total Paying Users is the sum of Bumble App Paying Users and Badoo App and Other Paying Users. Total Average Revenue per Paying User or Total ARPPU is a metric calculated based on Total Revenue in any measurement period divided by the Total Paying Users in such period divided by the number of months in the period. Bumble App Revenue is revenue derived from purchases or renewals of a Bumble app or Bumble For Friends app subscription plan and/or in-app purchases on Bumble app or Bumble For Friends app in the relevant period. Bumble App Paying User is a member that has purchased or renewed a Bumble app or Bumble For Friends app subscription plan and/or made an in-app purchase on Bumble app or Bumble For Friends app in a given month. We calculate Bumble App Paying Users as a monthly average, by counting the number of Bumble App Paying Users in each month and then dividing by the number of months in the relevant measurement period. Bumble App Average Revenue per Paying User or Bumble App ARPPU is a metric calculated based on Bumble App Revenue in any measurement period, divided by Bumble App Paying Users in such period divided by the number of months in the period. Badoo App and Other Revenue is revenue derived from purchases or renewals of a Badoo app subscription plan and/or in-app purchases on Badoo app in the relevant period, purchases on one of our other apps that we owned and operated in the relevant period, purchases on other third-party apps that used our technology in the relevant period and advertising, partnerships or affiliates revenue in the relevant period. Badoo App and Other Paying User is a member that has purchased or renewed a subscription plan and/or made an in-app purchase on Badoo app in a given month or made a purchase on one of our other apps that we owned and operated in a given month, or made a purchase on other third-party apps that used our technology in the relevant period. We calculate Badoo App and Other Paying Users as a monthly average, by counting the number of Badoo App and Other Paying Users in each month and then dividing by the number of months in the relevant measurement period. Badoo App and Other Average Revenue per Paying User or Badoo App and Other ARPPU is a metric calculated based on Badoo App and Other Revenue in any measurement period divided by Badoo App and Other Paying Users in such period divided by the number of months in the period. Non-GAAP Financial Measures We report our financial results in accordance with GAAP, however, management believes that certain non-GAAP financial measures provide users of our financial information with useful supplemental information that enables a better comparison of our performance across periods. We believe Adjusted EBITDA provides visibility to the underlying continuing operating performance by excluding the impact of certain expenses, including income tax (benefit) provision, interest and derivative (gains) losses, net, depreciation and amortization expense, stock-based compensation expenses, employer costs related to stock-based compensation, foreign exchange (gain) loss, changes in fair value of contingent earn-out liability, changes in fair value of investments in equity securities, transaction and other costs, litigation costs net of insurance reimbursements that arise outside of the ordinary course of business, tax receivable agreement liability remeasurement (benefit) expense, impairment charge, costs associated with restructuring, and loss on extinguishment of debt, as management does not believe these expenses are representative of our core earnings. We also provide Adjusted EBITDA margin, which is calculated as Adjusted EBITDA divided by revenue. In addition to Adjusted EBITDA and Adjusted EBITDA margin, we believe free cash flow and free cash flow conversion provide useful information regarding how cash provided by (used in) operating activities compares to the capital expenditures required to maintain and grow our business, and our available liquidity, after funding such capital expenditures, to service our debt, fund strategic initiatives, effectuate discretionary share repurchases and strengthen our balance sheet, as well as our ability to convert our earnings to cash. Additionally, we believe such metrics are widely used by investors, securities analysts, ratings agencies and other parties in evaluating liquidity and debt-service capabilities. We calculate free cash flow and free cash flow conversion using methodologies that we believe can provide useful supplemental information to help investors better understand underlying trends in our business. Our non-GAAP financial measures may not be comparable to similarly titled measures used by other companies, have limitations as analytical tools and should not be considered in isolation, or as substitutes for analysis of our operating results as reported under GAAP. Additionally, we do not consider our non-GAAP financial measures as superior to, or a substitute for, the equivalent measures calculated and presented in accordance with GAAP. Adjusted earnings before interest, taxes, depreciation and amortization ("Adjusted EBITDA") is defined as net earnings (loss) excluding income tax (benefit) provision, interest and derivative (gains) losses, net, depreciation and amortization expense, stock-based compensation expense, employer costs related to stock-based compensation, foreign exchange (gain) loss, changes in fair value of contingent earn-out liability, changes in fair value of investments in equity securities, transaction and other costs, litigation costs net of insurance reimbursements that arise outside of the ordinary course of business, tax receivable agreement liability remeasurement (benefit) expense, impairment charge, restructuring costs and loss on extinguishment of debt. Adjusted EBITDA margin represents Adjusted EBITDA as a percentage of revenue. Free cash flow is defined as net cash provided by (used in) operating activities less capital expenditures. Free cash flow conversion represents free cash flow as a percentage of Adjusted EBITDA. Operating cash flow conversion represents net cash provided by (used in) operating activities as a percentage of net earnings (loss). Forward-Looking Statements This press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements include, without limitation, statements reflecting the current views of management of Bumble Inc. with respect to, among other things, our operations, our financial performance, our industry and our business and other non-historical statements, including without limitation statements related to our product innovation, investment in platform capabilities and member experience enhancement plans, statements regarding our ability to achieve product-led, long-term growth, our ability to maintain financial discipline and the statements in the "Financial Outlook" section of this press release. In some cases, you can identify these forward-looking statements by the use of words such as "outlook," "believe(s)," "expect(s)," "potential," "continue(s)," "may," "will," "should," "could," "would," "seek(s)," "predict(s)," "intend(s)," "trends," "plan(s)," "estimate(s)," "anticipate(s)," "projection," "will likely result" and or the negative version of these words or other comparable words of a future or forward-looking nature. Such forward-looking statements are subject to various risks and uncertainties. Accordingly, there are or will be important factors that could cause actual outcomes or results to differ materially from those indicated in these statements. These factors include, but are not limited to, the following: our ability to retain existing members or attract new members and to convert members to paying users (including as a result of shifts in strategy) competition and changes in the competitive landscape of our market our ability to distribute our dating products through third parties, such as Apple App Store or Google Play Store, and offset related fees our ability to attract, hire and retain a highly qualified and diverse workforce, or maintain our corporate culture, including as such factors may be impacted by our global workforce reductions and efforts to restructure our operations our ability to maintain the value and reputation of our brands risks relating to changes to our existing brands and products, or the introduction or acquisition of new brands or products risks relating to certain of our international operations, including geopolitical conditions and successful expansion into new markets the impact of data security breaches or cyber attacks on our systems and the costs of remediation related to any such incidents challenges with properly managing the use of artificial intelligence, including risks from utilizing AI technology licensed from third parties our ability to obtain, maintain, protect and enforce intellectual property rights and successfully defend against claims of infringement, misappropriation or other violations of third-party intellectual property our ability to comply with complex and evolving U.S. and international laws and regulations relating to our business, including data privacy laws our substantial indebtedness affiliates of Blackstone Inc.’s ("Blackstone") and our Founder’s control of us the outsized voting rights of Blackstone and our Founder the risk that our restructuring efforts may not generate their intended benefits to the extent or as quickly as anticipated risks relating to the market price volatility of our Class A common stock, which could limit our ability to make acquisitions and retain key personnel and employees, and result in dilution if our stock-based compensation programs issue increased numbers of shares because of a depressed stock price or could result in increased cash compensation expense in the event that we shift the mix of incentive compensation in favor of cash-based awards over equity-based awards changes in business or macroeconomic conditions, including the impact of lower consumer confidence in our business or in the online dating industry generally, recessionary conditions, increased unemployment rates, stagnant or declining wages, changes in inflation or interest rates, geopolitical events (such as trade wars), political unrest, armed conflicts, including conflicts in Eastern Europe and the Middle East, widespread health emergencies or pandemics and measures taken in response, extreme weather events or natural disasters foreign currency exchange rate fluctuations For additional information on these and other factors that could cause Bumble’s actual results to differ materially from expected results, please see our Annual Report on Form 10-K for the year ended December 31, 2025, which was filed with the Securities and Exchange Commission (the "SEC") on March 16, 2026, as such factors may be updated from time to time in our subsequent periodic filings, which are accessible on the SEC’s website at www.sec.gov. The forward-looking statements included in this press release are made only as of the date of this press release, and we undertake no obligation to publicly update or review any forward-looking statement, whether as a result of new information, future developments or otherwise, except as required by law. About Bumble Bumble Inc. is the parent company of Bumble, Badoo and BFF. Bumble brings people closer to love by enabling them to build healthy relationships. Founded in 2014 by Whitney Wolfe Herd, who serves as CEO, Bumble was one of the first dating apps built with women at the center and connects people across dating (Bumble Date) and friendship (Bumble For Friends). Badoo, founded in 2006, was one of the pioneers of web and mobile dating products. BFF is a friendship app for friend-finding, group connections and community-building. View source version on businesswire.com: https://www.businesswire.com/news/home/20260805016041/en/ Contacts Investor Contact [email protected] Media Contact [email protected]

Bumble Inc. (BMBL) came out with quarterly earnings of $0.45 per share, beating the Zacks Consensus Estimate of $0.25 per share. This compares to earnings of $0.64 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of +80.00%. A quarter ago, it was expected that this company would post earnings of $0.25 per share when it actually produced earnings of $0.34, delivering a surprise of +36%. Over the last four quarters, the company has surpassed consensus EPS estimates three times. Bumble, which belongs to the Zacks Internet - Software industry, posted revenues of $210.53 million for the quarter ended June 2026, surpassing the Zacks Consensus Estimate by 0.12%. This compares to year-ago revenues of $248.23 million. The company has topped consensus revenue estimates four times over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. Bumble shares have lost about 10.4% since the beginning of the year versus the S&P 500's gain of 13%. While Bumble has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for Bumble was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $0.23 on $210.91 million in revenues for the coming quarter and $1.03 on $834.42 million in revenues for the current fiscal year. Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Internet - Software is currently in the top 44% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. Another stock from the same industry, eGain (EGAN), has yet to report results for the quarter ended June 2026. This maker of customer engagement software is expected to post quarterly earnings of $0.04 per share in its upcoming report, which represents a year-over-year change of -55.6%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. eGain's revenues are expected to be $21.65 million, down 6.8% from the year-ago quarter. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Bumble Inc. (BMBL) : Free Stock Analysis Report eGain Corporation (EGAN) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

Interested in Bumble Inc.? Here are five stocks we like better. Second-quarter results beat profitability expectations: Revenue fell 15% year over year to $211 million, while adjusted EBITDA declined to $73 million but exceeded the high end of guidance. Bumble generated $51 million in free cash flow despite reporting a $128 million GAAP net loss that included a $169 million non-cash impairment charge. Technology migration is delaying Bumble’s product overhaul: Data migration and platform modernization have pushed the rollout of the company’s reimagined interaction model to early 2027. In the meantime, Bumble is testing new chat rules, recommendation algorithms, group features and a standalone in-person events app. Bumble plans increased investment to reignite growth: The company is expanding its free experience, simplifying subscriptions and increasing brand marketing in the second half of 2026 and 2027. Third-quarter guidance calls for revenue of $205 million to $213 million and adjusted EBITDA of $56 million to $60 million, with margins expected to normalize as investments rise. Bumble's Valuation Hits an All-Time Low, Can Its Fortunes Change? Bumble (NASDAQ:BMBL) reported second-quarter results that were in line with its expectations, with revenue landing in the upper half of its guidance range and adjusted EBITDA exceeding the high end, as the dating-app company continued a technology and product transformation. Founder and CEO Whitney Wolfe Herd said Bumble has made progress in improving the quality of its member base and is now focused on product innovation and renewed brand investment to return to growth. The company is nearing completion of a technology overhaul, though a complex data migration has delayed some planned product launches by a couple of months. → SpaceX’s First Earnings Report Could Decide Whether Shorts or Bulls Have Control Bumble Stumbles Back Below $20...Should Investors Make a Move? Total revenue for the second quarter was $211 million, down from $248 million a year earlier. Foreign exchange provided an approximately $3 million tailwind during the quarter, according to CFO Kevin Cook. Bumble App revenue was $172 million, compared with $201 million a year earlier. Badoo App and other revenue was $39 million, down from $47 million. Adjusted EBITDA totaled $73 million, compared with $95 million a year ago. Adjusted EBITDA margin was 35%, compared with 38% in the prior-year period. Cook said Bumble’s gross margin expanded by roughly 380 basis points year over year, with cost of revenue falling to 26% of revenue from 29%. The improvement was driven by continued adoption of alternative billing methods and lower aggregator fees. → 3 Drone Stocks That Should Soar After the Summer Slump 3 Stocks That Went Public In 2021 May Be In Buy Range Soon On a GAAP basis, Bumble recorded a net loss of $128 million, including a $169 million non-cash impairment charge. Cook said the charge did not affect operations, cash flow or liquidity, and that the company would have generated positive net income excluding the charge. The company generated $54 million in operating cash flow and $51 million in free cash flow during the quarter. It ended the period with $154 million in cash and cash equivalents. → The Bitcoin Comeback May Already Be Underway—2 ETFs for Exposure Wolfe Herd said Bumble is transferring core functions to a new technology platform and moving critical data from its own data centers to cloud infrastructure. The volume and complexity of the data have made the migration more time-consuming than expected, delaying the company’s new interaction model and portions of its product roadmap. “We would rather get this perfectly right than beat some deadline,” Wolfe Herd said during the question-and-answer session. The company now expects to begin rolling out elements of its reimagined interaction model in early 2027, rather than in 2026. Wolfe Herd said the approach will move away from optimizing for “swipe speed and velocity” toward “fewer, better, more considered signals.” She did not disclose what would replace swiping, citing competitive considerations. Once the migration is complete, Bumble expects to move faster in launching member-facing features and enhancing its recommendation engine. Wolfe Herd said the new system should allow the company to make algorithmic adjustments more quickly to surface more relevant matches. While the platform migration continues, Bumble has been testing changes intended to address member pain points. In 12 markets, the company has changed chat initiation so that either person can send one opening message, but a conversation will not progress until the recipient responds. Bumble is also extending its 24-hour match response window. Wolfe Herd said initial tests showed significant increases in chat initiation and mutual chat rates. Bumble plans to roll out both updates globally by the end of the month. The company is also testing algorithmic changes to how recommendations are sorted and surfaced. According to Wolfe Herd, the tests have produced gains in members getting matches and initiating chats, contributing to higher average mutual chats. Bumble is placing greater emphasis on real-life and group-based ways to meet. The company said its BFF group initiative has seen strong growth in active groups and in the average number of active members per group. Wolfe Herd said the offering has resonated particularly well with Gen Z women. In addition, Bumble is testing Plans, a standalone app for curated in-person social events that allows attendees to match after an event. Wolfe Herd described early results from summer tests marketed to younger prospective members as promising. Bumble is testing a more expansive free experience, including limited free access to the Liked You feature, which has generally been restricted to paying members. The company said early testing has shown increased yes votes, matches and mutual chats. Wolfe Herd said the company plans to simplify subscription tiers, provide a clearer path from free to paid offerings and explore a higher-priced tier centered on mutual serious intent. “Monetize value and outcomes, not friction,” she said. After reducing marketing spending during its product transformation, Bumble plans to increase brand marketing in the second half of 2026. The company intends to focus on community, creators and hyperlocal initiatives aimed at younger consumers, with a larger brand push expected in 2027. Cook said selling and marketing expense was $28 million, or 14% of revenue, compared with $30 million, or 12% of revenue, in the prior-year quarter. Product development expense increased to $31 million from $24 million as Bumble invested in platform modernization. Wolfe Herd said most of the anticipated decline in margins will be directed toward strategic marketing investments rather than broad spending. She said Bumble will seek to maintain disciplined margins while investing to grow. For the third quarter, Bumble forecast total revenue of $205 million to $213 million, including Bumble App revenue of $167 million to $173 million. The company expects adjusted EBITDA of $56 million to $60 million, representing an approximately 28% margin at the midpoint. Cook said adjusted EBITDA margins are expected to normalize through the remainder of 2026 as Bumble increases investment in technology, talent, product innovation and marketing. The company expects the benefits of those investments to take time to appear in financial results but believes they will support durable engagement and monetization. Bumble Inc operates a technology platform designed to facilitate social and professional connections through its suite of apps, most notably the flagship Bumble dating app. The company's core premise is to empower users—particularly women—to make the first move, helping to reshape traditional dating dynamics. In addition to its dating function, Bumble offers mode-switching features that allow users to find friends through “Bumble BFF” or pursue professional networking opportunities via “Bumble Bizz.” Beyond the Bumble app, the company also owns and operates Badoo, a social discovery platform with a substantial global footprint, particularly in Europe and Latin America. This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected]. The article "Bumble Q2 Earnings Call Highlights" was originally published by MarketBeat. View MarketBeat's top stocks for August 2026.

Looking back on consumer subscription stocks’ Q1 earnings, we examine this quarter’s best and worst performers, including Bumble (NASDAQ:BMBL) and its peers. Consumers today expect goods and services to be hyper-personalized and on demand. Whether it be what music they listen to, what movie they watch, or even finding a date, online consumer businesses are expected to delight their customers with simple user interfaces that magically fulfill demand. Subscription models have further increased usage and stickiness of many online consumer services. The 7 consumer subscription stocks we track reported a mixed Q1. As a group, revenues beat analysts’ consensus estimates by 1.6% while next quarter’s revenue guidance was in line. While some consumer subscription stocks have fared somewhat better than others, they have collectively declined. On average, share prices are down 3.8% since the latest earnings results. Started by the co-founder of Tinder, Whitney Wolfe Herd, Bumble (NASDAQ:BMBL) is a leading dating app built with women at the center. Bumble reported revenues of $212.4 million, down 14.1% year on year. This print was in line with analysts’ expectations, but overall, it was a slower quarter for the company with a decline in its buyers and revenue guidance for next quarter missing analysts’ expectations significantly. Bumble delivered the weakest performance against analyst estimates of the whole group. The company reported 3.17 million active buyers, down 21.1% year on year. Unsurprisingly, the stock is down 24.6% since reporting and currently trades at $3.24. Read our full report on Bumble here, it’s free. With a name meaning six in Japanese because it was the founder's sixth company that he started, Roku (NASDAQ: ROKU) makes hardware players that offer access to various online streaming TV services. Roku reported revenues of $1.25 billion, up 22.4% year on year, outperforming analysts’ expectations by 3.6%. The business had a very strong quarter with EBITDA guidance for next quarter exceeding analysts’ expectations. The market seems happy with the results as the stock is up 11.6% since reporting. It currently trades at $130.09. Is now the time to buy Roku? Access our full analysis of the earnings results here, it’s free. Launched by Reed Hastings as a DVD mail rental company until its famous pivot to streaming in 2007, Netflix (NASDAQ: NFLX) is a pioneering streaming content platform. Netflix reported revenues of $12.25 billion, up 16.2% year on year, exceeding analysts’ expectations by 0.5%. Still, it was a slower quarter as it posted EPS and revenue guidance for next quarter slightly missing analysts’ expectations. As expected, the stock is down 20.2% since the results and currently trades at $86.00. Read our full analysis of Netflix’s results here. Originally started as a dial-up service before widespread internet adoption, Match (NASDAQ:MTCH) was an early innovator in online dating and today has a portfolio of apps including Tinder, Hinge, Archer, and OkCupid. Match Group reported revenues of $863.9 million, up 3.9% year on year. This print topped analysts’ expectations by 1.1%. It was a strong quarter as it also logged a solid beat of analysts’ EBITDA estimates and EBITDA guidance for next quarter beating analysts’ expectations. The company reported 13.52 million users, down 4.8% year on year. The stock is down 3.2% since reporting and currently trades at $36.45. Read our full, actionable report on Match Group here, it’s free. Founded by a Carnegie Mellon computer science professor and his Ph.D. student, Duolingo (NASDAQ:DUOL) is a mobile app helping people learn new languages. Duolingo reported revenues of $292 million, up 26.5% year on year. This result beat analysts’ expectations by 1.2%. Overall, it was a very strong quarter as it also put up an impressive beat of analysts’ EBITDA estimates and full-year EBITDA guidance exceeding analysts’ expectations. Duolingo pulled off the fastest revenue growth and highest full-year guidance raise among its peers. The stock is up 1.8% since reporting and currently trades at $112.25. Read our full, actionable report on Duolingo here, it’s free. Late in 2025 into early 2026, there was hand-wringing around artificial intelligence. For software companies, the fear was that AI would erode pricing power and compress margins as new tools made it easier to replicate what once required expensive enterprise platforms. Crypto investors had their own version of the same anxiety: if AI agents could trade, allocate capital, and manage wallets autonomously, what exactly was the long-term value of today’s crypto infrastructure? These concerns triggered a noticeable rotation away from these sectors and into safer havens. But markets rarely dwell on one narrative for long. Spring 2026 came, and the focus shifted abruptly from technological disruption to geopolitical risk. The US’ conflict with Iran became the dominant driver of market psychology, and when geopolitics takes center stage, the script changes quickly. Investors stop debating growth rates and start worrying about oil supply, inflation, and global stability. Want to invest in winners with rock-solid fundamentals? Check out our Top 5 Growth Stocks and add them to your watchlist. These companies are poised for growth regardless of the political or macroeconomic climate. StockStory’s analyst team — all seasoned professional investors — uses quantitative analysis and automation to deliver market-beating insights faster and with higher quality.