(Finance) – Bumblea Nasdaq-listed company active in the online dating industry, recorded enter up 25.7% to $ 208.2 million in the last quarter of 2021. The net loss was $ 14.7 million, or 7% of revenue, compared with a net loss of $ 26.1 million, or 15.8% of revenue in the same period a year ago. L’adjusted earnings per share was $ 0.13. The market, according to Refinitiv data, expected earnings per share of $ 0 on revenue of $ 209.6 million.
The parent company of the Bumble, Badoo and Fruitz apps also announced that will stop its operations in Russia, as well as removing all of its apps from the Apple App Store and the Google Play Store in Russia and Belarus. The combined revenue of Russia, Ukraine, and Belarus was about 2.8% of Bumble’s total annual revenue in 2021.
For the whole of 2022 total revenue of $ 934 to $ 944 million is expected, an adjusted EBITDA margin of between 26.5% and 27%. An estimated $ 20 million loss from lost revenue from Russia, Ukraine and Belarus and another $ 20 million from foreign exchange movements is expected. The market was expecting revenue guidance of $ 939.1 million.
“We ended 2021 with a strong fourth quarter, evidenced by Bumble App’s 42% year-over-year revenue growth and an increase of 108,000 paying users quarter-over-quarter,” said the Bumble App. CFO Anu Subramanian – We expect Bumble App to have another good year in 2022 and increase revenue from 34% to 36% year-over-year, thanks to continued international expansion and product innovation “.