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Fitch reiterated Bumble’s long-term credit rating at BB- due to execution risks from the product refresh; outlook negative
- Fitch expects Bumble’s revenue and EBITDA to decline over the next 6-12 months due to significant execution risks from its product offensive.
- It expects EBITDA margin to decline by approximately 250 bps in fiscal 2026 to low 30% range and improvement to about 33% by FY28.
- It expects Bumble’s leverage to remain steady at 1.9x in 2026 and 1.5-2x range over the rating horizon and interest coverage to be maintained at 5.5x.