Why Bumble Stock Rose 12% Today

Shares of dating app Bumble (NASDAQ: BMBL) jumped Thursday morning after the company released its first quarterly earnings report as a public company. As of 11 a.m. EST, shares were up 12.3% on the day. 

The company reported overall fourth-quarter revenue grew 31% year over year, including 46.6% growth from its main Bumble app. About one-third of revenue came from its Badoo dating-focused social network app popular in Latin America and Europe. Bumble also reported that total paying users increased 32.5% to 2.7 million. 

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Source Fool.com