Bumble’s Bounce
MarketFoolery
The Motley Fool
4.7 • 1.7K Ratings
🗓️ 11 March 2021
⏱️ 13 minutes
🧾️ Download transcript
Summary
Bumble’s first quarterly report as a public company is a hit with Wall Street. JD.com finishes up a strong fiscal year. Maria Gallagher analyzes those stories, as well as the latest quarter from Party City.
Transcript
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| 0:00.0 | It's Thursday, March 11th, welcome to Marketfoolery, I'm Chris Hill with me from the financial |
| 0:07.5 | capital of the United States of America. |
| 0:10.5 | It's Maria Gallagher. |
| 0:11.5 | Thanks for being here. |
| 0:12.5 | Thanks for having me. |
| 0:14.4 | We've got specialty retail, we have international retail, but we're going to start with the business |
| 0:19.0 | of relationships. |
| 0:21.0 | Bumbles, first earnings report as a public company was a hit. |
| 0:26.1 | New up 31%, we will get to the stock in a minute, but you tell me what stood out in |
| 0:32.0 | Bumble's quarter. |
| 0:34.5 | I think what was interesting to me is how many paying users are on both of Bumble's platforms. |
| 0:39.1 | So Bumble is one of their apps, which is the women make the first move app and then Badu, |
| 0:44.2 | which is popular in Europe and Latin America has the slogan date, honestly. |
| 0:48.6 | So that's a different app all under the Bumble umbrella. |
| 0:52.3 | So the Badu, there were 1.4 million paying users. |
| 0:55.5 | And there were 1.2 million paying Bumble users. |
| 0:58.9 | And that's just the people who pay for it. |
| 1:00.2 | And then their total users as of last September was about 42, probably higher now, million. |
| 1:06.4 | And so I thought that that was interesting. |
| 1:08.6 | Both of those numbers were a little bit higher than I thought. |
| 1:11.1 | And then on top of that, it finished at its quarter with 31% revenue growth. |
| 1:15.2 | For their full year of 2020 revenue was up 19% to 582 million. |
... |
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