Bumble (NASDAQ: BMBL) shares surged around 18% after-hours following the company’s reported Q4 results, highlighted by strong user growth numbers, while EPS and revenue came below expectations.

EPS was ($0.08), missing the consensus estimate of $0.00. Revenue grew 25.7% to $208.2 million, compared to the consensus estimate of $209.55 million.

Total paying users grew 10.6% year-over-year to 3.0 million, and the total average revenue per paying user (ARPPU) grew around 14% year-over-year to $22.83. Bumble App revenue rose 42.2% year-over-year to $150.5 million, and Badoo App and Other revenue decreased 3.5% year-over-year to $57.7 million.

According to Anu Subramanian, CFO of Bumble, Q4 was highlighted by Bumble App's revenue growth and increase of 108,000 paying users quarter-over-quarter, mentioning that the company expects Bumble App to have another strong year in 2022 with revenue growth of 34%-36% year-over-year, driven by continued international expansion and product innovation.

The company expects Q1/22 revenue to range from $207 million to $210 million, compared to the consensus estimate of $211 million. Adjusted EBITDA is expected to range from $47 million to $49 million.

For the full 2022-year, the company expects revenue in the range of $934-944 million, compared to the consensus estimate of $939 million. The revenue outlook takes into account (1) Bumble App year-over-year revenue growth expectation of 34%-36%, (2) a loss of approximately $20 million revenue from Russia, Ukraine, and Belarus (combined revenue from three countries was 2.8% of total Bumble Inc. annual revenue in 2021), due to the removal of all the apps from the Apple App Store and Google Play Store in Russia and Belarus, and (3) an unfavorable impact of approximately $20 million from foreign currency.