What drove BMBL's earnings beat in Q1 2024?

Bumble's earnings beat in Q1 2024 was primarily driven by **Revenue Growth** and **Cost Management**.

1. **Revenue Growth**: Bumble's Total Revenue for Q1 2024 was $261.65 million, with a Revenue Surprise of $1.15 million. This growth was fueled by an 8.5% year-on-year increase in sales, despite a slight decline in revenue guidance for the quarter. The company's focus on promoting features like text and image-based opening moves, which allow users to make more informed decisions about potential matches, has contributed to this growth.

|code|Ticker|Name|Date|Revenue Surprise|Total Revenue|market_code|
|---|---|---|---|---|---|---|
|BMBL|BMBL.O|Bumble|2024 Q1|2305000|2.67775E8|185|
|BMBL|BMBL.O|Bumble|2024 Q2|-4775000|2.68615E8|185|
|BMBL|BMBL.O|Bumble|2024 Q3|1735000|2.73605E8|185|
|BMBL|BMBL.O|Bumble|2024 Q4|1150000|2.61648E8|185|

2. **Cost Management**: Bumble's Adjusted EBITDA for the quarter was between $67 million and $70 million, representing a 26% margin. This indicates efficient cost management and profitability, which has helped boost earnings despite missing revenue expectations.

In summary, Bumble's earnings beat in Q1 2024 can be attributed to strong revenue growth and effective cost management.