HIGHOutside partySupplier
Apple App Store and Google Play Store
“10-K Item 1A: 'Our mobile applications are almost exclusively accessed through and depend on the Apple App Store and the Google Play Store.'”
BMBL · Concentration risk · 10-K extracted
Bumble (BMBL) concentration risks
Updated
The most significant concentration Bumble discloses is Apple App Store and Google Play Store, classified HIGH by disclosed size. Below: the full set from the latest 10-K — verbatim quotes, filing references, and a synthesis of what these exposures mean together.
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results.
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Source: Bumble’s SEC Form 10-K filed — view the filing on SEC EDGAR ↗
At a glance
Disclosed-size breakdown · 1 disclosed concentration
HIGH1
MEDIUM0
LOW0
Disclosed concentrations
Each card carries a disclosed-size chip (HIGH / MEDIUM / LOW — how large the exposure is as a share of revenue, not how dangerous it is) and a nature tag: Built-in(the company’s own model, geography, or products) or Outside party (an external customer, supplier, or distributor it relies on).
TrendMatrix Research · concentration synthesis
What these concentrations mean together
updated 2026-07-06Bumble's principal disclosed concentration risk is platform dependency rather than customer or geographic exposure: its mobile applications are almost exclusively accessed through, and depend on, the Apple App Store and the Google Play Store. This is a high-share dependency exposure with no percentage disclosed, but the language — "almost exclusively" — signals that essentially all user access to Bumble's apps runs through these two gatekeepers. The character of this risk is idiosyncratic to platform policy rather than macro-cyclical: changes to app store fees, distribution terms, review policies, or outright removal could directly impair Bumble's ability to reach and retain users, independent of underlying demand for its dating products. With no other concentration item disclosed in the filing — no single large customer, geographic market, or supplier called out — this platform dependency stands as the defining concentration risk for Bumble. It is a narrow but potentially consequential exposure: not diversifiable in the near term, and one where a shift in either gatekeeper's terms could move the investment case.
For the engine’s reasoning on BMBL’s current verdict — including which dimensions drove the score — see the per-dimension breakdown.
Industry peers · Internet Content & Information
Peer concentration profile
| Symbol | Name | HIGH | MEDIUM | LOW | Total |
|---|---|---|---|---|---|
| GOOG | Alphabet Inc. | 2 | 0 | 0 | 2 |
| GOOGL | Alphabet Inc. | 2 | 0 | 0 | 2 |
| EVER | EverQuote, Inc. | 1 | 2 | 1 | 4 |
| BMBL● | Bumble Inc. | 1 | 0 | 0 | 1 |
| CARS | Cars.com Inc. | 0 | 1 | 0 | 1 |
| DJT | Trump Media & Technology Group | 0 | 0 | 0 | 0 |
Concentration counts reflect items disclosed in each peer’s most recent 10-K; disclosed-size classification uses TrendMatrix’s internal 10-K extraction taxonomy.