Bumble reports 2.8M paid users, 15% QoQ increase, and $269M Q2 revenue; plans to acquire Geneva, viewed as a solid investment by analysts.
Bumble Inc. (NASDAQ: BMBL), known for its dating app, is attracting investor interest as an affordable stock under $10. In Q2 2024, it reported 2.8 million paid users, a 15% rise from the previous quarter, and revenue of $269 million. The company plans to acquire Geneva, enhancing its community engagement. Analysts view Bumble as a solid investment with strong fundamentals and growth potential, making it a notable option for budget-conscious investors.
October 20, 2024
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