3 Reasons to Buy Bumble, and 1 Reason to Sell
Bumble's (NASDAQ: BMBL) stock price rallied on Aug. 12 after the online dating company posted its second-quarter numbers. Investors seemed to like what they saw in the report. But is the stock worth buying after that post-earnings pop?
Let's examine three compelling reasons to buy Bumble -- and one reason to sell it -- to see if it's a worthy investment.
Bumble's second-quarter overall revenue rose 38% year over year to $186.2 million, beating estimates by $7.5 million. Bumble's revenue from its namesake app rose 55% to $127.3 million, as its number of paying users grew 36% to 1.47 million. The app's average revenue per paying user, or ARPPU, grew 13% to $28.81.
Source Fool.com
