Hey Christopher, appreciate your analysis and the framework!
However looking into the Annual Financial Report, I think you need to notice the ARPPU definition:
“Bumble App ARPPU,” or Bumble App Average Revenue per Paying User, is calculated based on Bumble App Revenue in any measurement period, divided by Bumble App Paying Users in such period divided by the number of months in the period.
It is a monthly average instead of whole period average.
Hey Christopher, appreciate your analysis and the framework!
However looking into the Annual Financial Report, I think you need to notice the ARPPU definition:
“Bumble App ARPPU,” or Bumble App Average Revenue per Paying User, is calculated based on Bumble App Revenue in any measurement period, divided by Bumble App Paying Users in such period divided by the number of months in the period.
It is a monthly average instead of whole period average.