Love at first swipe… for Bumble investors. The dating (and networking) biz, where women make the first move, saw a 24% revenue bump last quarter as its 3M+ paying users spent more $$ on app perks. Now Bumble’s targeting Gen Z with cheaper subscriptions and more digi-gift offerings (think: $5 virtual bouquet). Still, global dating-app downloads have dipped as people pick IRL meetups over speed-swiping. Tinder owner Match saw its shares plunge last week after reporting slowing growth. We’ll see whether Bumble felt the same heat when it reports Wednesday.
Taking home the mini shampoo… Don’t forget free cotton swabs. Hotel staple Hyatt reports tomorrow amid the travel rebound. The leisure + hospitality sector led July job gains as restaurants and hotels scrambled to hire (they’re still 1.2M positions short of prepandemic levels). Hospitality stocks have gained over the past month after strong earnings from Hilton and Marriott, whose revenue per available room surged 70% year over year. Airbnb had its best quarter ever with record bookings. We’ll see if Hyatt swung back to a profit.