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Income Statement (USD)
Q2 '24 | QoQ | |
---|---|---|
Revenue | 269M | 0.4% |
Gross Profit | 269M | 1.3% |
Operating expense | 127M | 8.2% |
Net Income | 27M | 11.3% |
EBITDA | 69M | 4.5% |
Balance Sheet (USD)
Q2 '24 | QoQ | |
---|---|---|
Total Assets | 3.52B | 0.2% |
Total Liabilities | 1.23B | 2.2% |
Total Equity | 1.65B | 3% |
Shares Outstanding | 126M | 1.9% |
Cash Flow (USD)
Q2 '24 | QoQ | |
---|---|---|
Cash from operations | 33M | 1260.5% |
Cash from investing | -1.7M | 38.2% |
Cash from financing | -6.6M | 93% |
EPS
Financial Highlights for Bumble in Q2 '24
Bumble reported a revenue of 269M, which is a 0.4% change from the previous quarter. An increase in revenue typically indicates growing demand for the company's products or services. This positive change in revenue is a good sign, suggesting that the company's sales are moving in the right direction.
Gross Profit stood at 269M, marking a 1.3% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Operating Expenses for this period were 127M, showing a -8.2% change from the last quarter. Operating expenses cover the costs of running daily business operations. A significant increase might indicate inefficiencies or investments in growth, while a decrease could suggest cost-saving measures or potential underinvestment in key areas.
Net Income for the quarter was 27M, showing a 11.3% change from the prior quarter. Net income provides a clear picture of the company's profitability after all expenses. An increase suggests the company is becoming more profitable, while a decrease may raise concerns about the company's financial health, unless there are specific one-time costs or investments.
The company's EBITDA for the quarter was 69M, showing a 4.5% change from the previous period. EBITDA gives insight into the company's operational profitability, excluding non-operating expenses like interest and taxes. A rising EBITDA indicates strong operational performance, while a declining EBITDA may signal operational challenges or increased costs.
It was a positive quarter for Bumble with growth in revenue, gross profit, and net income.