While matchmaking app Bumble (BMBL) may be in the business of love, it’s finding that in the market, Cupid is swiping left. Last week, BMBL stock gave up nearly 39% of equity value following an utterly disappointing earnings disclosure. Though circumstances look awful, there’s a small chance that BMBL could be due for a temporary rebound.
To be clear, any notion of potential bullishness is simply not apparent to the naked or even augmented eye. Frankly, the company’s fourth-quarter results were weak. Its core business — the Bumble app — suffered a 3.8% revenue decline. Further, the Badoo app and other revenue streams saw a decline of 6.8%. About the only positive was that Bumble narrowly met analysts’ EBITDA expectations for the quarter.
