Bumble announced that it will be updating the member experience for matches with nonbinary people, where either person can make the first move on Bumble Date.
($84.1 million)
The most recent loss was caused by significantly higher general and administrative costs as it scales up the business. Bumble has warned that its costs will continue to grow as it develops new products, expands into new markets and promotes its brands, which will place pressure on the company to maintain growth and its margins.
Does Bumble pay a dividend?
Bumble has paid dividends as a private company, paying out 30 cents per share in 2018 and 18 cents in 2019. It has not confirmed whether it will be a dividend paying stock. Although it has been profitable and cash generative, it may decide to spend more on investing in future growth rather than distributing cash to shareholders in the near-term.