Independent research on the U.S. markets, Baptista Research

Baptista Research

Independent research on the U.S. markets

Baptista Research is an independent financial research house focused on the U.S. markets. We provide equity research as well as credit research reports on the top-listed U.S. companies with most of our focus on technology, consumer goods and services, automobiles, industrials, oil and gas, pharma, and healthcare. Our research has served more than 3000 institutional investors including mutual funds, hedge funds, banks, family offices, and various buy-side firms. We operate a research subscription service where institutions, as well as retail investors, can have priority access to all our research. We also have a wide distribution of our research reports across some of the top global financial platforms. Apart from equity research and credit research, we also provide advisory services with respect to mergers & acquisitions (M&A), private equity/ venture capital fundraising, valuation reports, and investment management services for corporates.
Baptista Research is owned and managed by Ishan Majumdar, an ex-Venture Capitalist/ Investment Banker, a Chartered Accountant, and a Masters’ degree holder in Management from HEC Paris. Ishan has nearly a decade of experience in Mergers and Acquisitions, Leveraged Buyouts (LBOs), Venture Capital Investing, Corporate Strategy, and Valuation in front-office roles at the likes of BNP Paribas CIB, Credit Agricole CIB, Groupe Danone, and TIW Private Equity. He has worked on and closed multiple acquisition deals, leveraged buyouts, and start-up investment transactions.

Equity Bottom-Up

<ul><li>Bumble Inc.'s recent financial performance and strategic direction provide an intricate picture of potential future opportunities and challenges.</li><li>The earnings call highlighted several key themes.</li><li>Bumble is actively working to transition its focus from expansion via performance marketing to enhancing user experience and match quality.</li></ul>

Bumble Inc.'s recent financial performance and strategic direction provide an intricate picture of potential future opportunities and challenges.The earnings call highlighted several key themes.Bumble is actively working to transition its focus from expansion via performance marketing to enhancing user experience and match quality.

Bumble Inc. Is Improving Its AI Matchmaking Capabilities—Can It Help Consumers Get Past The Swiping Fatigue?

<ul><li>Bumble Inc.'s fourth-quarter 2024 earnings highlighted several positive aspects and ongoing challenges facing the company.</li><li>For the quarter, Bumble reported revenues at the upper end of its forecasted range, achieving $262 million in total revenue, with the Bumble App contributing $212 million.</li><li>Despite revenues being at the high end, Bumble faced a decline of 9% in Average Revenue per Paying User (ARPPU) due to geographic mix shifts, reflecting a 4% year-over-year decrease in Bumble App revenues.</li></ul>

Bumble Inc.'s fourth-quarter 2024 earnings highlighted several positive aspects and ongoing challenges facing the company.For the quarter, Bumble reported revenues at the upper end of its forecasted range, achieving $262 million in total revenue, with the Bumble App contributing $212 million.Despite revenues being at the high end, Bumble faced a decline of 9% in Average Revenue per Paying User (ARPPU) due to geographic mix shifts, reflecting a 4% year-over-year decrease in Bumble App revenues.

Bumble Inc.: These Are The Biggest Factors That Are Helping Them Transform Matchmaking!

<ul><li>Bumble, the parent company of the popular dating app, recently released its third-quarter earnings for 2024.</li><li>The results reflect a mixed quarter where Bumble managed to meet its revenue expectations but still operates within the challenges of an evolving business.</li><li>On the positive side, Bumble achieved total revenue of $274 million, which, while representing a slight 1% decline, fell within the provided outlook range.</li></ul>

Bumble, the parent company of the popular dating app, recently released its third-quarter earnings for 2024.The results reflect a mixed quarter where Bumble managed to meet its revenue expectations but still operates within the challenges of an evolving business.On the positive side, Bumble achieved total revenue of $274 million, which, while representing a slight 1% decline, fell within the provided outlook range.

Bumble Inc. Delivers a Game-Changing Marketing Blitz to Captivate Gen Z Women & Supercharge Brand Loyalty! - Major Drivers

Pan-Asia Catalysts/Events, Quiddity Advisors

David Blennerhassett

Pan-Asia Catalysts/Events

Quiddity Advisors

Event-Driven

<ul>
<li>Back on the 24th October, Ray Zage (director) and James Lu (chairman), collectively holding ~60% in <strong><a href="https://www.smartkarma.com/entities/grindr-inc" target="_blank" data-smartkarma-citation="entities:37106:1" rel="noopener">Grindr (GRND US)</a></strong>, proposed to take the company private in a US$3.5bn deal.</li>
<li>The non-binding cash Offer of $18/share, is a 51% premium to undisturbed. A condition to a firm Offer <em>may</em> incorporate a majority of minority vote.</li>
<li>While the Special Committee considers the proposal, James Lu has unusually opted to step down. Currently trading at a ~30% gross spread to indicative terms. </li>
</ul>


Back on the 24th October, Ray Zage (director) and James Lu (chairman), collectively holding ~60% in Grindr (GRND US), proposed to take the company private in a US$3.5bn deal.
The non-binding cash Offer of $18/share, is a 51% premium to undisturbed. A condition to a firm Offer may incorporate a majority of minority vote.
While the Special Committee considers the proposal, James Lu has unusually opted to step down. Currently trading at a ~30% gross spread to indicative terms. 


Grindr (GRND US)'s Wide Spread As Majority Owners Court Delisting

Covering IPOs, Healthcare and Technology Stocks

Andrei Zakharov

Equity Capital Markets

Milian Technology / Equity Capital Markets

<ul>
<li>Milian Technology, a fast-growing marriage and dating platform in China, filed for an IPO in Hong Kong. The company has achieved significant traction with now ~10M avg. MAUs.</li>
<li>Milian Technology has raised ~US$77M in equity financing to date from investors, including Xiaomi, XVC Fund, Shunwei Capital, and Sky9 Capital, among others.</li>
<li>I believe Milian Technology’s growth is exceptionally high for any online social networking platform company in China at such scale.</li>
</ul>


Milian Technology, a fast-growing marriage and dating platform in China, filed for an IPO in Hong Kong. The company has achieved significant traction with now ~10M avg. MAUs.
Milian Technology has raised ~US$77M in equity financing to date from investors, including Xiaomi, XVC Fund, Shunwei Capital, and Sky9 Capital, among others.
I believe Milian Technology’s growth is exceptionally high for any online social networking platform company in China at such scale.


Milian Technology IPO Preview: Driving Profitable Expansion Through Yidui and Tietie Apps

United States

Bumble Inc. develops application software. The Company offers an online dating application that enables users to meet new people for dating, friendship, and relationship. Bumble serves customers worldwide.

Price Gauge
52-week Range	0.00 - 0.00
Market Cap (USDm)	0.00
P/E	0.00
Dividend (Yield)	0.00

Bumble (BMBL US)

Bumble Inc. Is Improving Its AI Matchmaking Capabilities—Can It Help Consumers Get Past The Swiping Fatigue?

Bumble Inc.'s recent financial performance and strategic direction provide an intricate picture of potential future opportunities and...

Baptista Research

Bumble Inc.: These Are The Biggest Factors That Are Helping Them Transform Matchmaking!

Bumble Inc.'s fourth-quarter 2024 earnings highlighted several positive aspects and ongoing challenges facing the company. For the quarter, Bumble...

Baptista Research

Bumble Inc. Delivers a Game-Changing Marketing Blitz to Captivate Gen Z Women & Supercharge Brand Loyalty! - Major Drivers

Bumble, the parent company of the popular dating app, recently released its third-quarter earnings for 2024. The results reflect a mixed quarter...

Baptista Research

Grindr (GRND US)'s Wide Spread As Majority Owners Court Delisting

I'd be picking up shares here. Zage and Lu, having sourced financing, suggests they're serious. Expect the Committee to make a decision before...

David Blennerhassett

Milian Technology IPO Preview: Driving Profitable Expansion Through Yidui and Tietie Apps

Beijing-based Milian Technology, a fast-growing marriage and dating platform, filed to go public in Hong Kong. I have a positive view of upcoming...

Andrei Zakharov

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

Bumble Inc. Is Improving Its AI Matchmaking Capabilities—Can It Help Consumers Get Past The Swiping Fatigue?

Bumble Inc.'s recent financial performance and strategic direction provide an intricate picture of potential future opportunities and...

Baptista Research

Bumble Inc.: These Are The Biggest Factors That Are Helping Them Transform Matchmaking!

Bumble Inc.'s fourth-quarter 2024 earnings highlighted several positive aspects and ongoing challenges facing the company. For the quarter, Bumble...

Baptista Research

Bumble Inc. Delivers a Game-Changing Marketing Blitz to Captivate Gen Z Women & Supercharge Brand Loyalty! - Major Drivers

Bumble, the parent company of the popular dating app, recently released its third-quarter earnings for 2024. The results reflect a mixed quarter...

Baptista Research

Grindr (GRND US)'s Wide Spread As Majority Owners Court Delisting

I'd be picking up shares here. Zage and Lu, having sourced financing, suggests they're serious. Expect the Committee to make a decision before...

David Blennerhassett

Milian Technology IPO Preview: Driving Profitable Expansion Through Yidui and Tietie Apps

​Beijing-based Milian Technology, a fast-growing marriage and dating platform, filed to go public in Hong Kong. I have a positive view of upcoming...

Andrei Zakharov

Beijing-based Milian Technology, a fast-growing marriage and dating platform, filed to go public in Hong Kong. I have a positive view of upcoming...