Sophie Blake
What is Bumble App?
Bumble is one of the best dating apps for mobile devices. Going public in February 2021, its largest markets contributing to lifetime consumer spending include western markets such as the US, UK, Canada and Australia.
Company Overview
| Founder | Whitney Wolfe Herd |
| Founded Date | December 2014 |
| Headquarter | Austin, Texas, US |
| Crunchbase Profile | Profile Link |
| IPO Date | February 2021 |
| Stock Symbol | BMBL |
| Google Play | Store Link |
| App Store | Store Link |
Bumble Revenue Statistics (2023)
Bumble app’s parent company Bumble Inc. is also the parent company of Badoo and Fruitz. The company reports the results of the Bumble app and other apps in separate items. In this article, we have compiled only the Bumble app’s revenue and user statistics.
- As of August 2023, the Bumble app surpassed $2 billion in lifetime user spending across the App Store and Google Play.
- Bumble revenue for Q2 2023 was $260 million, up 18.5% as compared to $219.2 million in Q2 2022. The popular dating app reported an app revenue of $208 million in Q2 2023, up 23.4% as compared to Q2 2022.
- Bumble App revenue for the full year 2022 grew 31.4% to $694.3 million, compared to $528.6 million in 2021. (Bumble)
- For Q3 2023, Bumble app revenue is expected to be between $221 to $225 million.
| Quarter | Bumble App Revenue |
|---|---|
| Q2 2023 | $208 Million |
| Q1 2023 | $194 Million |
| Q4 2022 | $190.8 million |
| Q3 2022 | $181 million |
| Q2 2022 | $170 million |
| Q1 2022 | $155.4 million |
| Q4 2021 | $150.5 million |
| Q3 2021 | $142.5 million |
| Q2 2021 | $127.3 million |
| Q1 2021 | $112.6 million |
| Q4 2020 | $105.8 million |
| 2019 | $240 million |
| 2018 | $190 million |
| 2017 | $100 million |
| 2016 | $10 million |
- Bumble app ARPU (Average Revenue per Paying User) was $23.23 for the second quarter of 2023. For the full year 2022, the popular dating app’s ARPU was $28.90.
| Quarter | Bumble App ARPU |
|---|---|
| Q2 2023 | $23.23 |
| Q1 2023 | $22.63 |
| Q4 2022 | $28.64 |
| Q3 2022 | $28.84 |
| Q2 2022 | $29.38 |
| Q1 2022 | $29.18 |
| Q4 2021 | $30.57 |
| Q3 2021 | $30.99 |
| Q2 2021 | $28.81 |
| Q1 2021 | $27.75 |
| Q4 2020 | $27.79 |
- At the end of 2021, Buble surpassed the $1 billion mark in lifetime consumer spending, making it the second biggest dating app by lifetime spend behind Tinder.
Bumble Valuation
| Year | Valuation |
| 2020 | $8 billion |
| 2019 | $3 billion |
| 2018 | $1.5 billion |
| 2017 | $1 billion |
Bumble User Statistics (2023)
- Bumble’s number of total paying users increased to 2.5 million for the second quarter of 2023, up 28%YoY, and grew 139,000 QoQ.
| Quarter | Bumble App Paying Users |
|---|---|
| Q2 2023 | 2.5 million |
| Q1 2023 | 2.3 million |
| Q4 2022 | 2.22 million |
| Q3 2022 | 2.1 million |
| Q2 2022 | 1.9 million |
| Q1 2022 | 1.77 million |
| Q4 2021 | 1.64 million |
| Q3 2021 | 1.53 million |
| Q2 2021 | 1.47 million |
| Q1 2021 | 1.35 million |
| Q4 2020 | 1.27 million |
| 2019 | 0.8 million |
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