“It’s still unpredictable,” Chief Financial Officer Anu Subramanian said on a call with analysts after reporting results. “There isn’t always a perfect correlation between when a market opens up and when people actually start engaging actively in the dating ecosystem.” The shares fell about 1% in late trading, after closing at $47.24 Wednesday in New York.
Sales rose 43% from the same period a year earlier to $171 million, beating the average analyst estimate and the company’s own prediction made in March. Total paying users increased 30% to 2.8 million, with an average revenue per user of $19.99, a more than $2 increase over last year, Bumble said Wednesday in a statement.