I had some BMBL coming in to this report and sold it on the pop up near 12. Some of that 0.19 came from a change in FV gain (approx 16MM in the Q, plus they didn't have any stock comp charges, so the GAAP numbers looked much better than usual.). Also, beware of the lurking non-consolidated interest which can convert into 42mm ordinary shares that aren't in the GAAP diluted share count. It was a decent quarter as their sales growth appears to be returning.
If you like BMBL, what about FVRR? They look cheaper to me, also hated and in the midst of a turnaround as they transition their revenues into more profitable "complex" services that involve use of AI. Reported this morning and beat estimates handily because of rising pretax margins. They are judged using non-GAAP. Like BMBL, they give out way too many stock options and so share count keeps rising....but they did authorize a $100MM share repurchase, their first share repurchase program ever.
