Bumble beats quarterly revenue estimates

　　Reuters – Bumble Inc beat market estimates for firstquarter revenue on Wednesday, helped by a rising number of paying members crowding its dating apps to seek connection, sending its shares up 14 after market.

　　The resurgence in COVID cases has helped dating apps to keep users picked up during the pandemic, as people stuck at home sought virtual social interaction.

　　Data from research firm Apptopia showed that Bumble downloads in the United States increased 20.6 during the first quarter, while monthly average users rose 13.7, compared to a year earlier.

　　Bumble, which made its market debut in February last year, said total paying users increased to 3 million during the quarter, which helped boost revenue.

　　The company reported revenue of 211.2 million in the quarter ended March 31, compared with analysts estimates of 208.30 million, according to Refinitiv IBES data.

　　The companys net earnings fell to 16.4 million, or 13 cents per share, from 341.8 million, or 1.69 per share, a year earlier.