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Is Bumble Stock a Buy?

TheMotleyFool

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Bumble's (NASDAQ: BMBL) stock tumbled to its lowest levels since May after the online dating company posted its third-quarter earnings on Nov. 10. Let's review the numbers and see if its post-earnings plunge is a buying opportunity.

Bumble's revenue rose 24% year over year to $200.5 million in the third quarter, which beat analysts' estimates by nearly $2 million.

Bumble's revenue from its eponymous female-oriented app rose 39% to $142.5 million, while its number of paid users increased 20% to 1.53 million. Its average revenue per paying user (ARPPU) grew 16% to $30.99.

Source Fool.com

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