Bumble Inc. (BMBL) shares are soaring after the online dating app operator  big gains in revenue and earnin⛎gs in the fourth quarter, and the stock received an analyst upgrade.

Bumble posted quarterly sales of $208.2 million, an increase of 25.8% from a year ago. Earnings before interest, taxes, deprecia༺tion, and amortization (EBITDA), which strips 🍌out some items that may blur the profit picture, incrꦛeased 24.3% to $54.8 million. 

Founder and CEO Whitney Wolfe Herd noted in the first year as a public company, Bumble successfully executed on its core strategic priorities of driving scale and engagement, increasing mon꧃etization, and improving profitability. 

BMO Capital’s Daniel Salmon upgraded the stock to "澳洲幸运5官方开奖结果体彩网:outperform" from "澳洲幸运5官方开奖结果体彩网:market perform," 🧔sayܫing Bumble is “poised to outperform” the internet sector.  

Ending Operations in Russia, Belarus

Bumble said it was discontinuing operations in Russia, and removing all its apps from the Apple App Store and Google P𓆏lay Store there and in Belarus. The company added the combined sales from Russia, Belarus, and Ukraine constituted approximately 2.8% of annual revenue last year. Bumble predicts the impact of the conflict, along with i൲ts decision to withdraw from Russia and Belarus, will reduce current quarter revenue by about $2 million.  

Shares of Bumble are up 45% today. However♏, they’ve lost almost two-thirds of their value since they began trading in Fe🥂bruary 2021.

The Big Number: 5.24%

One-year inflation expectations have rocketed higher since Russia’s🃏 invasion of Ukraine, and the longer-term outlook has been increasing as well, according to a new daily index by London-based ICE Benchmark Administration. 

The index showed the expected pace of consumer price increases over the next year rising from 3.5% on Feb. 1, to 5.24% as of March 7. The index is based on the trading of about $300 billion of 澳洲幸运5官方开奖结果体彩网:inf🌌lation-protected U.S. Treasury securities and the $100 billion monthly market for澳洲幸运5官方开奖结果体彩网: inflation swaps contracts. 

Inflation anticipated over ꦆlonger six-year and 10-year horizons also turned abruptly higher since the onset of the Russia-Ukraine war. Rates of 6-year price increases are at 2.73%, and 10-year price increases are at 2.43%, well above the Fed’s 2% annual price increase target.

Inflation expectations are closely monitored by the Fed as ♑evidence of whether its policies are keeping inflation psychology contained. If inflation expectations continue to rise, i✅t could suggest a loss of confidence in the central bank’s ability to keep inflation at bay.

The Bureau of Labor Statistics’ 澳洲幸运5官方开奖结果体彩网:Consumer Price Index (CPI) rose 7.5% year-over-year in January, the fastest annual rate since 1982. The CPI for February will be rele🍌ased tomorrow and is expected to show an increase of 7.9% from a year ago.