Bumble Inc. (NASDAQ:BMBL) Q1 2024 Earnings Call Transcript

Operator: Our final question comes from Laura Champine with Loop Capital.

Laura Champine: It’s about the shape of the growth for the year because it seems from the implied guidance that you would see a pretty significant step down in revenue growth this current quarter and then it bounced back to something closer to your Q1 growth in the back half of the year. Still a little unclear on what drives that.

Anuradha Subramanian: Sure, Laura. I can take that. So if you look at the trajectory of the revenue growth, to your point, Q1 for Bumble App was at 11%. We are guiding for Q2 to be slightly lower than that. This is in line with the commentary that we gave around the trends that we are seeing with respect to top of the funnel, especially in the U.S. for younger users. So Q2 is a continuation of some of the trends that we saw in Q1, and that’s where we’re guiding to as a result of that. In the second half of the year, we are anticipating that we will see improvements in trends as a result of the work that we have done in the relaunch, but also from the work that we will be doing from a product perspective with respect to launching newer features, both from an engagement and conversion perspective but also from a monetization perspective.

So you heard Lidiane talk about the future chapters of the Bumble roadmap. That is what gives us confidence about the second half of the year. In addition, from a marketing perspective as well, we’ve built up a lot of excitement with the relaunch. We intend to continue amplifying the product work that we are doing with strong brand moments that will again continue to keep Bumble top of mind for our users. So all of these things, if you put them together, give you the trajectory that you see in terms of reacceleration of the trends in the second half of the year.

Operator: Ladies and gentlemen, this concludes our Q&A and today’s conference call. We’d like to thank you for your participation. You may now disconnect your lines.