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Dating apps and other societal champion - finder are being put on placard : date app heavyweight Bumble is search to make more acquisitions . The company said during its first - quarter earnings call on Wednesday that it contrive to use M&A “ opportunistically ” to help it better prioritize inorganic growth .
Unlike its competitor , Match , which historically snatched up popular date stamp app brands left and right , Bumble has n’t been very participating in pursue growth via M&A. Itsfirst acquisitionwas that of the Gallic dating app , Fruitz , in February 2022,followed by an app for couples , Official , in 2023 for$10 million . Neither of them has become the next punk , to put it kindly .
Now , Bumble sound out it will look to acquire other businesses that aline with its growth goals . Specifically , CFO Anu Subramanian say on the call that the fellowship , now under new leading ( CEOLidiane Jones joined Bumble from Slacklate last year ) , would set an “ even gamey bar ” for what M&A depend like at Bumble and the goals it has for investing in acquisitions that drive inorganic growth .
In a follow - up , Jones articulate Bumble would look at the “ economic value minimal brain damage ” of the technology an learning would bring just as much as its business sector . In other language , it may acquire a smaller app if it ’s doing something particularly innovative that Bumble could utilise in its apps or indue in . She did n’t give any indication that the company was looking at certain geographics , market segment or use case , however .
“ There ’s certainly a lot of interesting technology companies across the industry that we ’re constantly see at , but we immediately see at if it actually aligns and accelerate with our longsighted - terminal figure missionary work here , ” Jones say . That seemingly set a full stagecoach for potential candidates .
Bumble report a potent first poop , conveniently quiver analysts ’ medium expectations for both profit and revenue . The company reported net profit of 19 cents per share and tax revenue of $ 267.8 million in the quarter . Analysts had gauge profit of 7 penny per part , and tax income of $ 265.5 million .
The company also touted last week ’s revamp of its flagship dating app , which now let womenpick from pre - write questions that their matches can respond toinstead of having to message matches on their own . In add-on , Bumble spoke again of its broader programme for BFF , which it envisions as a way to help Gen Z users obtain champion .
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Jones also touched on the party ’s design to habituate generative AI , noting that the technology could help in domain like visibility creation , understanding customer intent , help combine and safety equipment , better match and more .
“ … our job , as we look at generative AI , is to build a premium dating armed service spirit level of experience , where we are really taking a close-fitting approach to supporting you in your entire dating journeying , ” Jones added . “ So , even as we get more signals for our client once they go on a escort , we can again automatically augment their profile creation without them having to go back , ” she suppose .
