Why Bumble Stock Skyrocketed Today

Shares of Bumble (NASDAQ: BMBL) soared 42% on Wednesday after the online dating company delivered strong fourth-quarter growth metrics. 

Bumble's revenue jumped 25.7% year over year to $208.2 million. The gains were fueled by a 10.6% rise in total paying users, to 3 million, and a 14% increase in average revenue per paying user (ARPPU), to $22.83.

Notably, Bumble's app-based sales are growing at an impressive clip. Bumble App revenue soared 42.2% to $150.5 million, driven by a 29% rise in paying users, to 1.6 million.

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Source Fool.com