Badoo, the majority owner of the dating app Bumble, is seeking a sale that could value the company at $1.5 billion (2024)

FAQs

Is Bumble and Badoo owned by the same company? ›

In April 2019, Bumble launched its own lifestyle magazine called Bumble Mag. In 2020, MagicLab was renamed Bumble as the parent company of both Bumble and Badoo. As of 2020, Bumble has over 100 million users worldwide.

Her 18-month-old son was on her hip as she rang the Nasdaq bell. In 2021, Wolfe Herd became the world's youngest self-made female billionaire after taking Bumble public. Forbes estimated her net worth at approximately $1.5 billion.

Russian entrepreneur Andrey Andreev has built five online dating sites and apps since 2004: Mamba, Badoo, Bumble, Chappy and Lumen.

The Bumble app facilitates romantic relationships, friend searches, and even career matching in one platform. Bumble raised $2.2 billion from its IPO in February 2021, and traded on the first day at an $8.6 billion valuation.

Badoo is one of the world's most popular online dating apps, having attracted 380 million active users across the globe.

It operates in 190 countries and is available in 47 different languages, making it the world's most widely used dating network. The app is available on iOS, Android, and the web.

Herd is also the youngest female CEO to take a company public in the US. As Bumble debuted its IPO Thursday at $43 — actor Priyanka Chopra is an investor and US tennis star Serena Williams markets the app — Herd took to Twitter, saying, “Today is what happens when women make the first move.

Bumble founder, Whitney Wolfe Herd, is one of America's most successful self-made women entrepreneurs. Her estimated net worth was US$740 million as of June 2022. She was part of Forbes 30 under 30 in the Hall of Fame category and Consumer Technology category in the same year.

Austin Russell of Luminar Technologies Remains the Youngest Self-Made Billionaire.

Badoo.com's core audience is located in Brazil followed by United States, and Colombia.

What is the average age on Badoo? ›

badoo.com Audience Demographics

badoo.com's audience is 65.45% male and 34.55% female. The largest age group of visitors are 25 - 34 year olds (Desktop).

Badoo is a legitimate website. It is one of the most popular online dating sites today, with over 330 million users, and ways to verify identity. However, while the site itself is legit, not all of the users necessarily are. But there are precautions you can take to add to your safety while using Badoo.

Total debt on the balance sheet as of March 2023 : $0.62 B

According to Bumble's latest financial reports the company's total debt is $0.62 B. A company's total debt is the sum of all current and non-current debts.

Bumble App revenue grew 31.4% to $694.3 million, compared to $528.6 million. This includes an unfavorable impact of $20.9 million from foreign currency movements year over year.

Bumble has a 6.03% engagement rate on the app per user.

It shows that users are actively engaging with the app, which is a key indicator of the app's success.

Bumble and bumble – The Estée Lauder Companies Inc.

Bumble owns just three apps (Bumble, Badoo, and Fruitz), while Match owns Tinder and over a dozen others. The two companies have a complicated relationship. Bumble's founder, Whitney Wolfe Herd, was previously a co-founder at Tinder before being stripped of the title following an acrimonious split with the company.

Match Group is an American internet and technology company headquartered in Dallas, Texas. It owns and operates the largest global portfolio of popular online dating services including Tinder, Match.com, Meetic, OkCupid, Hinge, Plenty of Fish, OurTime, and other dating global brands.

A single company owns the majority of mainstream dating apps: Match Group. According to a January 2023 Business Overview, Match Group's largest brands are Tinder, Match, Meetic, Pairs, Plenty of Fish, OKCupid, Hinge, Azar, Chispa, BLK, The League, and Hakuna.