Bumble is looking to spread some love on the Nasdaq.
The six-year-old dating app where women make the first move revealed its plans to go public Friday in a Securities and Exchange Commission filing. In a preliminary prospectus, Bumble revealed a net loss of $84.1 million on revenue of $376.6 million for the period between January 29 and September 30 of last year. In all of 2019, the company generated $488.9 million, up 36% from the year before.
Bumble, which also owns the dating-focused social network Badoo, said it had 42.1 million monthly users between all of its services as of September of last year, and that 2.4 million are paid users on average, meaning they had agreed to purchase one of the company’s subscription plans. Among its paid users, 1.1 million are paying specifically for the Bumble app, the company says.
Austin, Texas-based Bumble was founded in 2014 by Whitney Wolfe Herd, a cofounder of Tinder, which is part of the conglomerate of dating apps owned by Match Group. It’s a crowded space, but Bumble has powerful allies: Private equity giant Blackstone Group took a majority stake in the company in 2019.