METRO.CO.UK - For many single people relying on apps to meet new romantic interests, there's a lot of wading through incompatibility. Research from dating app Badoo found that 78% of daters can relate to this experience. Respondents said they feel stress and burnout due to mismatched intentions, particularly when their dates aren't honest about what they want from a romantic connection from the off. On average, they found singles have six failed dates a year because of mismatched intentions, spending ~£285 a year on bad dates. Based on this feedback, Badoo have now launched intention setting on the app so that people can list one of the following on their profile: Here to date; Ready for a relationship; AND Open to chat.
175 posts categorized "Badoo"
Majority of Daters Feel Burnout From Seeing Incompatible People
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Bumble Drops Below IPO Price
GURUFOCUS - Bumble stock dipped 19% following the release of Q3 earnings which disappointed investors because of lackluster paid subscriber additions. The company is likely to come under more pressure in the coming months. Badoo saw its revenue decline 3% to $58M in Q3, while its number of paid users dipped 9% YOY to 1.33M. The average revenue per paid user rose by 6%. Revenue from the Bumble app came to $142M for the quarter, up 39% YOY. The total number of paid users and the average revenue per user increased by 5% and 19%, respectively. Although these numbers look promising, it is worth noting that the company reported a decline in paid users from the second to third quarters, which suggests the strong momentum behind the company’s online dating products is waning.
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Bumble Q3 Results: Revenue up 24%, Net Loss ~11M
BUMBLE - Bumble total revenue increased 24% to $201M, Bumble app revenue increased 39% to $142M. Badoo app and other revenue declined 3% to $58M. Total paying users increased to 2.9 M. Net loss was $10.7M, compared to net loss of $22.8M last year.
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Badoo Launches a Rude Message Detector
DAILYMAIL.CO.UK - Rude Message Detector will automatically flag any insulting, discriminatory or overly sexual messages. The tool uses machine learning, a form of AI, to distinguish between 'banter' and actual verbal abuse, such as 'identity hate' towards transgender people. It's been rolled out for all Badoo users worldwide. With Rude Message Detector, Badoo shows the recipient a timely pop-up message asking if everything is okay and encourages them to report the sender if the message made them uncomfortable. The pop-up says: 'Looks like this person used some rude language, so we're just checking if you still want to hear from them.' It then gives users two options to click on - 'Yes, keep chatting' and 'No, block and report'.
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How Advances in Technology and Science Could Impact the Dating and Matchmaking Industry
FORBES - Aug 5 - The art and science of matchmaking is a billion-dollar industry. Yet, many pitfalls exist such as safety, security and ineffective matching methods. These issues aren't as prevalent with professional matchmakers, however, not every singleton can afford to pay $15K and $150K for a high-end matchmaking service. This exposes a huge opening in the industry for dating apps and professional matchmakers to merge. How realistic is this, and what kind of technology or science can help achieve this idealistic goal?
Blockchain Technology
Companies such as Hicky and Viola have both implemented blockchain to increase transparency by requiring users to validate their identity via face and voice recognition, which is then fully encrypted and stored into the blockchain.
Artificial Intelligence
AI can help gather in-app user behavior data for machine learning algorithms to curate more relevant matches based on its users' core values, beliefs and personality traits. Coffee Meets Bagel, Hinge, Tinder and Badoo all now use AI .
Augmented Reality
AR can be described as a visual or audio overlay of digital life on real life, distinct from the purely digital landscape of virtual reality (VR).
DNA Matchmaking
DNA Romance is a dating app that matches partners based on the information hidden in their DNA to forecast romantic chemistry. Dr. Tim Sexton built the app on the basis that partners with opposite immune system genes (MHC genes) have much higher romantic chemistry.
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Bumble to Offer Trauma Support to Victims of Sexual Assault
IRISH NEWS - Aug 4 - Bumble is partnering with Bloom, an online service run by UK-based Chayn. When a survivor reports sexual assault or relationship abuse to Bumble's feedback team, they will be provided with a code to access up to six therapy sessions as well as one-to-one chat support. The service is due to begin later this year, with plans to expand to Badoo in 2022.
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Bumble Continues to Deliver as the Lock-Up Expiration Nears
SEEKING ALPHA - July 2 - Bumble caters to ~40M monthly users and 2.8M paying users across the globe. Competing with Tinder, which still leads the way, Bumble is the 2nd highest-grossing app in the world when it comes to online dating. While the company reported strong Q1 earnings, Bumble stock fell sharply after reporting the numbers, pushing the stock price below the Initial public offering price of $43. After surging by over 70% on debut in February, Bumble stock hit a low of $38.91 on May 24 as analysts weighed on the company's first-quarter performance. Bumble reported revenue of $171M. Bumble's paid user count grew 44% YoY to 1.35M, while Badoo also saw 19% YoY paid user growth to 1.45M. In an important announcement, the company confirmed that it is planning to expand its horizons by emerging as a full-scale social media company, not just a company focused on providing online dating solutions. In terms of international expansion, Bumble has been seeing strong growth in Germany with Monthly Average Users growing at ~160 % YoY. Bumble's premium app is expected to be rolled out globally by the end of the year.
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Badoo Has Banned Screenshots
INSIDER - July 1 - Badoo has introduced a Screenshot Block feature. Android users can no longer take screenshots of the app, and iOS users will get a warning message. The new policy is meant to discourage sharing private information and photos without permission.
by Andrea Michelson
See full article at Insider
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Bumble's Q1 Results: Revenue up, Paying Users up 30%
GLOBE NEWSWIRE - May 13 - Q1 revenue increased YOY to $170.7M (Bumble $112.6M, Badoo $58.1M). Total Paying Users increased 30% YOY to 2.8M, compared to 2.2M. Adjusted EBITDA was $46.1M, compared to $12.7M last year. The operating Q1 loss is $112.4M, compared to $53M in Q2 2020. Bumble anticipates revenue and adjusted EBITDA for the Q2 and year ending Dec 31, 2021 to be:
- Q2 revenue in the range of $175 to $178M, adjusted EBITDA in the range of $42 to $44M.
- Full year 2021 revenue in the range of $724 to $734M, adjusted EBITDA in the range of $177 to $182M.
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The Bullish Case on Bumble
SEEKING ALPHA - Apr 23 - Bumble is set to release Q1 earnings on May 12, 2021. On tailwinds of vaccine rollouts and city re-openings, analysts have high projections for the women-centric dating app.Bumble currently trades at ~$57-27 below its 52-week high. Bumble currently employs 700 people around the globe with offices in Austin, Barcelona, London, and Moscow. The parent company of Bumble Inc. owns the Bumble app as well as Badoo. Bumble, now the second-most popular dating app in the U.S. after Tinder with 55M users in 150 countries, went public on February 11, 2021. BMBL was trading safely between $63 and $73 through much of March but has since fallen ~24% from its highs.
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Why Bumble Has Lost Its Buzz
THE MOTLEY FOOL - Apr 15 - After a highly successful IPO, shares of Bumble have fallen 24% from their highs. Bumble benefited from the pandemic-driven stay-at-home economy, as online dating became one of the only mediums to meet a match. Yet despite the seemingly perfect environment for its business, the company still struggled to generate positive earnings. The company faces a drag on its business from Badoo, whose revenue per paying subscriber fell 9.8% in 2020. Bumble suffered an overall net loss of $142.8M, which was in stark contrast to the $85M profit in 2019. The swing owes to a significant 74% ($292M) increase in operating expenses, which grew much faster than the 19% increase in revenue. Granted, some of the additional expenses may not recur in 2021.
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The Tech Billionaire Who Is Putting Women First
BBC - Apr 8 - The co-founder of dating app Bumble, Whitney Wolfe Herd, has joined Forbes list of the super-rich. The 31-year-old became the world's youngest self-made female billionaire when she took Bumble public in February. Before Bumble, she was among the founding team at Tinder but after tensions with other executives - one of whom she had been dating - she left. The central focus of her app is that only women can initiate a conversation in heterosexual matches. She founded Bumble with help from early investor Russian billionaire Andrey Adreev, who also had a stake in Badoo, both of which he sold in November 2019. Ms Wolfe Herd owns a 11.6% stake in Bumble, giving her an estimated net worth of $1.3B. She also heads Badoo. The two apps have a combined 40M users, 2.4M of whom pay a subscription.
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Dating Apps Thriving Amid Pandemic
APN NEWS - Mar 23 - According to data by Finaria.it, the combined revenues of the top five dating apps globally hit $100M in January. As the most-profitable dating app, Tinder generated $64.6M in revenue that month. Tinder in-app purchase revenues skyrocketed by 250% in three years, jumping from $403M in 2017 to $1.4B in 2020. Bumble ranked as the second-most-profitable dating app, with $18.6M in revenue and 1.8M downloads in January. Bumble users spent $210M on in-app purchases in 2020, six times less than Tinder users. Hinge, Badoo, and Match followed with $8.4M, $5.1M, and $4.3M in revenue in January.
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Bumble's Q4 and Full Year 2020 Results
BUMBLE - Mar 11 - Full year 2020 revenue increased to $582.2M from $488.9M in 2019, with $110M net loss. Q4 revenue increased 31% to $165.6M (Bumble - $105.8M, Badoo and other $59.8M). Total paying users increased 32% to 2.7M. 2020 Net loss was $110.2M. Bumble anticipates Revenue and Adjusted EBITDA for the Q1 2021 and year 2021 to be: Q1 2021 revenue - $163 to $165M, Q1 2021 Adjusted EBITDA - $41 to $42M. Full year 2021 revenue - $716 to $726M, Adjusted EBITDA - $173 to $178M.
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Bumble: a Profit Machine at the Wrong Price
SEEKING ALPHA - Feb 15 - The company is too expensive at the moment despite excellent business results. Bumble has the first-mover advantage in addressing a problem that women have in the dating space. In Wolfe's telling, women are taught to let men be the aggressors. The company's value proposition is very compelling to women and it shows in the demographics of the app: there are 30% more women than men on Bumble. In total, as of Sep 30, 2020, the company had 42M monthly active users: 40.7M MAUs coming from Bumble and Badoo (12.3M MAUs from Bumble and 28.4M MAUs from Badoo). Having grown 49% in 2019, to 855,600 in 2019, Bumble's paid users grew a further 30% YOY, for the first nine months of 2020 to 1.1M. Though the number of paid users in Badoo fell by 9% in 2019 to 1.2M, they grew 10% YOY for the first nine months of 2020 to 1.3M. Wolfe has been an excellent capital allocator, growing returns on invested capital (ROIC) from -39.2% in 2018, to 179.7% in 2019 and 178.8% for the trailing twelve months (TTM) period. Unfortunately, Bumble Inc’s P/E multiple is 51, based on our adjusted earnings per share, which is very unattractive.
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