AAPL TSLA AMZN META AMD NVDA PEP COST ADBE GOOG AMGN HON INTC INTU NFLX ADP SBUX MRNA AAPL TSLA AMZN META AMD NVDA PEP COST ADBE GOOG AMGN HON INTC INTU NFLX ADP SBUX MRNA AAPL TSLA AMZN META AMD NVDA PEP COST ADBE GOOG AMGN HON INTC INTU NFLX ADP SBUX MRNA Markets BMBL Why Bumble Stock Soared Today May 12, 2022 — 03:58 pm EDT Written by Joe Tenebruso for The Motley Fool -> What happened Shares of Bumble (NASDAQ: BMBL) surged on Thursday after the digital dating platform reported impressive first-quarter results. As of 3:35 p.m. ET, the stock price was up by 25%. So what Revenue rose 24% year over year to $211 million, fueled by a 38% surge in Bumble App revenue to $155 million. That was partially offset by a 4% decline in sales from the company's Badoo app and other products, to $55.8 million. People are flocking to Bumble's namesake app. Paying users jumped by 31% to 1.8 million. Those people are also spending more on in-app purchases. That helped increase the app's average revenue per paying user (ARPPU) by 5% to $29.18. Image source: Getty Images. "Bumble App drove substantial revenue growth across the U.S. and international markets and delivered a significant sequential increase in paying users by continuing to focus on a woman-first experience built upon trust, kindness, and safety," said founder and CEO Wolfe Herd in a press release. All told, the company's adjusted earnings before interest, taxes, depreciation, and amortization ( EBITDA ) grew by 8% to $49.8 million. Bumble also generated positive free cash flow of $14.4 million, compared to negative $48.3 million in the year-ago quarter. Now what Management reiterated its forecast for 2022 revenue in the range of $934 million to $944 million, though it cautioned that the final result could come in at the low end of that range due to recent fluctuations in foreign exchange rates. Still, that would amount to year-over-year growth of at least 22%. "Our compelling brands, product leadership, and operational excellence position us well to capture a growing share of the global dating market," Wolfe said. 10 stocks we like better than Bumble Inc. When our award-winning analyst team has a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor , has tripled the market.* They just revealed what they believe are the ten best stocks for investors to buy right now... and Bumble Inc. wasn't one of them! That's right -- they think these 10 stocks are even better buys. See the 10 stocks *Stock Advisor returns as of April 7, 2022 Joe Tenebruso has no position in any of the stocks mentioned. The Motley Fool recommends Bumble Inc. The Motley Fool has a disclosure policy . The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. Tags Markets The Motley Fool Founded in 1993 in Alexandria, VA., by brothers David and Tom Gardner, The Motley Fool is a multimedia financial-services company dedicated to building the world's greatest investment community. Reaching millions of people each month through its website, books, newspaper column, radio show, television appearances, and subscription newsletter services, The Motley Fool champions shareholder values and advocates tirelessly for the individual investor. The company's name was taken from Shakespeare, whose wise fools both instructed and amused, and could speak the truth to the king -- without getting their heads lopped off. Visit Fool.com for more market news -> More articles by this source -> Stocks mentioned BMBL More Related Articles This data feed is not available at this time. Data is currently not available • Sign up for the TradeTalks newsletter to receive your weekly dose of trading news, trends and education. Delivered Wednesdays.