Bumble’s top shareholders comprise its founder, and former CEO Whitney Wolfe Herd, with a stake of 12.2% of the company. Other major institutional investors comprise Blackstone, FMR, Wellington, and The Vanguard Group.
Bumble is an American social media company with a core focus on online dating. Bumble drives revenue through the purchase of in-app services using its currency Bumble Coins and via subscriptions. Bumble generates revenues in a few key ways: Spotlight is Bumble’s answer to Tinder’s Boost capability. The Bumble Boost function allows users to swipe without daily limits or extend matches for up to 48 hours.
Bumble was not profitable in 2023 as it reported a net loss of $1.87 million. Compared to over $114 million in net losses in 2022, and a net profit of nearly $282 million in 2021.
Bumble had over 3.7 million total paying users in 2023, compared to nearly 3.2 million total paying users in 2022, and nearly 2.9 million total paying users in 2021.
Tinder is owned by the Match Group, which is a group that owns several brands. The main shareholders of the Match Group, which owns Tinder, comprise The Vanguard Group (11.1%), BlackRock (12.2%), and Edgewood Management (5.7%). Top individual shareholders comprise executives of the company like Sharmistha Dubey, an Indian-born American business executive who served as CEO of Match Group from March 2020 to May 2022.
Tinder is among the most popular dating apps. Initially named MatchBox, it leveraged a “double opt-in” mechanism that helped remove the initial friction of having to meet strangers. Later on, the product was renamed Tinder. The company (now parts of the Match Group) makes money via its main subscription plans and premium features like boosts and super likes.
Gennaro is the creator of FourWeekMBA, which reached about four million business people, comprising C-level executives, investors, analysts, product managers, and aspiring digital entrepreneurs in 2022 alone | He is also Director of Sales for a high-tech scaleup in the AI Industry | In 2012, Gennaro earned an International MBA with emphasis on Corporate Finance and Business Strategy.
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