Bumble beats quarterly revenue estimates as paying users surge

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Demand for dating apps has surged in the pandemic era as people turned to virtual dating to reinvent romance. The search for platonic relationships is also on the rise, leading companies such as Match Group (NASDAQ:MTCH)’s Tinder and Bumble to double down on services that help users find and keep friends.

Data from research firm Apptopia showed that Bumble was downloaded about 2.05 million times in the United States during the second quarter, a rise of nearly 18% year-over-year.

The Texas-based company reported revenue of $186.2 million for the second quarter, compared with analysts’ estimates of $178.7 million, according to Refinitiv IBES data.

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