Bumble Inc (NASDAQ:BMBL) stock rose 45.83% (As on Mar 9, 11:21:56 AM UTC-4, Source: Google Finance) though the company posted lower than expected results for the fourth quarter of FY 21. Bumble App revenue increased 42.2% to $150.5 million, compared to $105.8 million. Badoo App and Other revenue decreased (3.5)% to $57.7 million, compared to $59.8 million. Total paying users increased 10.6% to 3.0 million, compared to 2.7 million. Total average revenue per paying user (ARPPU) was $22.83, compared to $20.02. Net loss was $14.7 million, or (7.0)% of revenue, compared to net loss of $26.1 million, or (15.8)% of revenue. Adjusted EBITDA was $54.8 million, or 26.3% of revenue, compared to $44.1 million, or 26.6% of revenue. As of year-end, cash and cash equivalents totaled $369 million, up from $128 million last year. BMBL has generated free cash flow of $91 million in 2021, more than double the $41 million the company had reported in 2020.

Moreover, the active user growth in many markets in Western Europe, including Germany, Netherlands and Switzerland, continued to grow at high double-digit rates year over year. These countries are also monetizing at a strong pace, with revenue more than doubling year over year. The expansion to other parts of Europe, LatAm, India and Southeast Asia also continue to strengthen. In Q4, the company had launched the next generation features and testing with users in Canada. The company is now scaling the test and adding new features, including larger group connections and audio/video capabilities

BMBL in the fourth quarter of FY 21 has reported the adjusted loss per share of 5 cents, missing the analysts’ estimates for the adjusted loss per share of 4 cents, according to the Zacks Consensus Estimate. The company had reported the adjusted revenue of $208.22 million in the fourth quarter of FY 21, missing the analysts’ estimates for revenue by 0.51%.

Meanwhile, the revised revenue outlook for 2022 is now $934 million to $944 million, which is a year-over-year growth rate of 23% at the midpoint or 26% when compared to full year 2020 revenue, excluding Russia, Ukraine and Belarus. The company expects Bumble app to have another strong year, growing between 34% and 36%. The company expects Badoo and Other revenue, which will include Fruitz going forward, to be down year over year, primarily driven by the current conflict and ongoing impact from COVID.