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Benzinga
Benzinga
Business
Adam Eckert

Why Bumble Shares Are Buzzing After Hours

Bumble Bumble Inc Nasdaq

Bumble Inc (NASDAQ:BMBL) shares are trading higher in Wednesday's after-hours session after the company reported better-than-expected financial results.

Bumble said first-quarter revenue increased 24% year-over-year to $211 million, which beat the $208.37-million estimate, according to data from Benzinga Pro. Bumble app revenue increased 38% year-over-year to $155 million. Bumble app paying users increased 31% year-over-year to 1.8 million. The company noted that it added 134,000 paying app users during the first quarter.

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