Financial Performance - For the three months ended March 31, 2023, Bumble Inc. reported a net loss of $2.3 million compared to a net income of $23.7 million for the same period in 2022, representing a significant decline in profitability [34]. - Comprehensive income attributable to Bumble Inc. shareholders for the three months ended March 31, 2023, was $423,000, down from $15.51 million in the same period of 2022 [34]. - The company reported a net loss of $2.329 million for the three months ended March 31, 2023, compared to a net loss of $1.611 million for the same period in 2022 [57]. - Net earnings attributable to Bumble Inc. shareholders for the three months ended March 31, 2023, were $(1,611), compared to $16,201 for the same period in 2022 [93]. - The company reported a net loss attributable to common stockholders of $1.614 million for the three months ended March 31, 2023, compared to a net income of $16.226 million for the same period in 2022 [110]. - Basic earnings per share attributable to common stockholders were $(0.01) for Q1 2023, down from $0.13 in Q1 2022 [110]. Revenue - Total revenue for the three months ended March 31, 2023, was $242.948 million, a 15.7% increase from $210.030 million for the same period in 2022 [127]. - Bumble App revenue was $194.277 million for the three months ended March 31, 2023, compared to $154.367 million for the same period in 2022, reflecting a growth of 25.8% [45]. - Badoo App and other revenue decreased to $48.671 million for the three months ended March 31, 2023, down from $55.663 million in the same period last year, a decline of 12.6% [45]. - Revenue from North America was $143.073 million, up from $123.465 million, while revenue from the rest of the world increased to $99.875 million from $86.565 million [127]. - Revenue outside of North America accounted for 41.1% of combined revenue for the three months ended March 31, 2023, compared to 41.2% in the same period of 2022 [248]. Cash and Assets - Cash and cash equivalents decreased to $388.96 million as of March 31, 2023, from $402.56 million as of December 31, 2022, indicating a cash outflow [31]. - The total assets of Bumble Inc. increased slightly to $3.70 billion as of March 31, 2023, compared to $3.69 billion as of December 31, 2022 [31]. - The company reported total liabilities of $1.27 billion as of March 31, 2023, up from $1.24 billion as of December 31, 2022 [31]. - As of March 31, 2023, the total shareholders' equity was $2.436696 billion, compared to $2.453579 billion as of December 31, 2022, indicating a decrease of 0.7% [57]. - The total other current assets increased to $39,248 as of March 31, 2023, from $31,882 as of December 31, 2022 [89]. Expenses - Stock-based compensation expense for the three months ended March 31, 2023, was $28.58 million, an increase from $17.56 million in the same period of 2022 [37]. - The Company recognized amortization expense related to intangible assets of $14.3 million for the three months ended March 31, 2023, down from $24.6 million in the same period of 2022, a decrease of 41.5% [75]. - The company incurred total stock-based compensation costs of 17,779,420 for the three months ended March 31, 2023, compared to 9,853,990 for the same period in 2022 [95]. - The Company’s marketing expenses for Q1 2023 were $19.3 million, a slight decrease from $19.9 million in Q1 2022, reflecting a reduction of approximately 2.9% [103]. Cash Flow - The company experienced a net cash provided by operating activities of $13.39 million for the three months ended March 31, 2023, compared to $19.36 million for the same period in 2022 [37]. - Net cash used in investing activities was $6.8 million for the three months ended March 31, 2023, a substantial decrease from $74.7 million in the same period of 2022 [74]. - The Company’s cash equivalents as of March 31, 2023, totaled $264.9 million, down from $322.4 million as of December 31, 2022, representing a decrease of approximately 17.8% [104]. Debt and Liabilities - Total long-term debt, net as of March 31, 2023, was $618,205, a slight decrease from $619,223 as of December 31, 2022 [90]. - The company has a remaining debt maturity of $140,347 scheduled for future years, with the largest portion due in 2024 at $56,795 [88]. - The interest rates for the Original Term Loan and Incremental Term Loan as of March 31, 2023, were 7.38% and 7.88%, respectively [91]. - The tax receivable agreement liability increased by $31.4 million during the three months ended March 31, 2023, primarily due to the effects of a secondary offering [67]. Stock and Equity - The company completed a secondary offering of 13.75 million shares of Class A common stock at a price of $22.80 per share on March 8, 2023 [39]. - The weighted average number of shares of Class A common stock outstanding increased to 131,924,371 in Q1 2023 from 129,233,843 in Q1 2022 [110]. - The Company did not approve an increase to the number of shares available for issuance under the 2021 Omnibus Plan for 2022 and 2023, maintaining the initial reservation of 30 million shares [100]. Legal and Regulatory - The company executed a settlement agreement for $18 million, which does not reflect an admission of wrongdoing [129]. - The company believes that the ultimate resolution of various legal proceedings will not have a material adverse effect on its financial position [251]. Foreign Exchange and Interest Rates - A hypothetical 10% change in the British Pound and Euro relative to the U.S. Dollar would have changed revenue by $1.6 million and $3.4 million for the three months ended March 31, 2023, and 2022, respectively [248]. - The average Euro and British Pound exchange rates were 4.5% and 9.5% lower against the U.S. Dollar for the three months ended March 31, 2023, compared to the same period in 2022 [248]. - The company transitioned its benchmark interest rate from LIBOR to Term SOFR effective March 31, 2023 [242].

User Engagement and Financial Performance - The company's financial performance is significantly determined by its success in adding, retaining, and engaging users, as well as converting users into paying subscribers or in-app purchasers[135] - The company expects fluctuations or declines in user base in one or more markets due to various factors, including users finding meaningful relationships and no longer needing to engage with the products[135] - User engagement can be negatively affected by competition, changes in user behavior, and concerns related to privacy, safety, and data practices[135] - User metrics are subject to measurement challenges, including potential miscounts due to background app activity on mobile devices, which could lead to incorrect business decisions and inefficiencies[161] - The company relies on internal data for metrics like Bumble App Paying Users, Badoo App and Other Paying Users, and ARPPU, which are not validated by third parties[161] Competition and Market Risks - The dating industry is highly competitive with low switching costs, and new products or entrants could rapidly gain scale at the expense of existing brands[145] - The company faces risks from third-party actions, such as app store policies, that could limit or increase the cost of distributing or updating its applications[136] Financial Reporting and Accounting - The company's financial statements for periods prior to January 28, 2020, reflect the financial statements of Worldwide Vision Limited, while periods after reflect the financial statements of the company post-business combination[151] - The company has revised previously reported financial information for immaterial errors, with the cumulative impact being significant to the results of operations for the three and nine months ended September 30, 2022[152] - The company recognizes right-of-use assets and lease liabilities at the commencement date of the lease based on the present value of lease payments[155] - The company has entered into contingent earn-out arrangements classified as liabilities, with changes in fair value recognized in general and administrative expenses[157] - The Sponsor Acquisition resulted in an increase in depreciation and amortization, with any excess purchase consideration over the fair value of identifiable assets and liabilities recognized as goodwill[168] Tax and Regulatory Risks - Tax laws and digital services taxes in the EU and other jurisdictions could increase the company's tax obligations and adversely impact its business[189] - Bumble Holdings may be subject to material liabilities if its calculations of taxable income are incorrect, potentially increasing tax expenses over time[180] - Bumble Inc. is obligated to pay 85% of tax benefits realized from tax basis adjustments and depreciation/amortization deductions to pre-IPO owners under the tax receivable agreement[213] - Estimated early termination payments under the tax receivable agreement could reach approximately $1,043 million based on certain assumptions as of December 31, 2022[197] - Payments under the tax receivable agreement may be accelerated in the event of a change of control, potentially impairing the company's ability to consummate such transactions or negatively impacting the value received by Class A common stock owners[215] Data Security and Payment Risks - The company faces risks related to payment card transactions, including data security breaches and fraud, which could materially affect its business and financial condition[164] - Tokenization tools are used to secure payment card transactions, but they do not eliminate all data security risks[164] - Changes in service levels or outages at third-party data centers, cloud infrastructure, and payment aggregators could impair the company's ability to process transactions[165] Intellectual Property and Legal Risks - The company's intellectual property, including trademarks and patents, is crucial for brand recognition and market competition, but challenges to these rights could adversely affect the business[166] - The company relies on unpatented proprietary information and trade secrets, but enforcing claims of misappropriation can be difficult and unpredictable[167] - Legal developments and changes in intellectual property laws, especially in foreign jurisdictions, could impact the company's ability to protect its intellectual property[167] - The company may face significant expenses and distractions from intellectual property-related proceedings, regardless of the outcome[167] - The FTC imposed a $5 billion fine on Facebook (now Meta) in July 2019 and a $520 million settlement with Epic Games in December 2022 for privacy and data security violations[171] Corporate Structure and Governance - The company's organizational structure was converted to an umbrella partnership-C-Corporation with Bumble Inc. becoming the general partner of Bumble Holdings[148] - Bumble Inc. is a holding company with no material assets other than its ownership of Common Units, relying on distributions from Bumble Holdings to cover taxes, payments under the tax receivable agreement, and dividends[180] - The company's Principal Stockholders control approximately 92% of the combined voting power, qualifying it as a "controlled company" under Nasdaq rules[199] - The company's dual-class share structure gives Principal Stockholders outsized voting control, potentially limiting influence from other shareholders[202] - Principal Stockholders control approximately 92% of the combined voting power of Class A and Class B common stock, significantly influencing management and business policies[198] - Dual class share structure may result in exclusion from major stock indices, potentially reducing investment attractiveness and adversely affecting Class A common stock price[220] Economic and Market Conditions - The global economic climate, including the Russia-Ukraine conflict and macroeconomic conditions, has adversely affected the company's business, with a strong U.S. dollar impacting revenue and earnings in 2023[184] - COVID-19 has adversely affected global economic conditions and consumer confidence, potentially impacting demand for the company's products and services, particularly in markets where Badoo operates[185][187] - COVID-19 pandemic continues to adversely impact global economic conditions and consumer confidence, particularly affecting Badoo app's geographic and demographic markets[211] - Global macroeconomic volatility, including inflation and consumer discretionary spending fluctuations, may negatively impact Bumble's business and financial performance[228] - Brexit-related uncertainties and potential trade disputes between the UK and EU could harm Bumble's operations, as a significant portion of employees and operations are located in the UK[191] Debt and Financial Obligations - The company's ability to service its debt is dependent on cash flow from operations and future borrowings, which may be affected by economic conditions and interest rate increases[193] - Interest expense on the company's Senior Secured Credit Facilities has increased due to rising interest rates, and further increases could impact net income and cash flows[193] - The company is transitioning from LIBOR to Term SOFR for its financing and hedging portfolios, which may result in higher borrowing costs[193] - The Credit Agreement imposes significant operating and financial restrictions, including a maximum consolidated first lien net leverage ratio of 5.75 to 1.00[177][178] - The company entered into an incremental senior secured term loan facility in October 2020 with an original aggregate principal amount of $275.0 million[254] Foreign Exchange and International Operations - International revenues accounted for 42.9% of total revenues in 2022, with fluctuations in foreign exchange rates impacting U.S. dollar-denominated results[210] - The company faces foreign currency exchange risk, particularly with the GBP and Euro, which could affect margins and operating results[210] - Brexit and geopolitical events have caused volatility in currency exchange rates, impacting the company's international revenues and costs[210] - The devaluation of the Russian Ruble due to sanctions has negatively affected the company's revenues and operating costs in the region[210] - 42.9% of total revenues in 2022 were international, with foreign currency exchange fluctuations impacting U.S. dollar-denominated operating results[210] - Significant foreign exchange rate fluctuations, particularly with GBP and Euro, could materially affect business, financial condition, and results of operations[210] Legal and Regulatory Compliance - The company incurred significant one-off costs in preparation for its IPO, including legal, accounting, consulting, and investor relations expenses, leading to an increase in general and administrative expenses[183] - Increased costs and regulatory requirements due to becoming a public company, including higher legal, accounting, and investor relations fees, with significant resources committed to compliance[218] - The company ceased to be an "emerging growth company" on December 31, 2022, leading to increased compliance costs and accelerated adoption of accounting standards[219] - Identified material weakness in internal controls for prior periods, specifically misstatements in debt issuance costs, which has been remediated[219] - Class action lawsuit filed in January 2022 alleging false and misleading statements in the SPO Registration Statement, seeking unspecified damages[236] - Five shareholder derivative complaints filed between April 2022 and February 2023, alleging breaches of fiduciary duty and seeking damages and governance reforms[237] - SEC inquiry related to disclosures in the SPO class action complaint, with potential liability and ongoing duration uncertain[237] Stock and Shareholder Risks - The market price of Class A common stock may experience significant volatility due to various factors, including operating results, litigation, and market conditions[212] - Potential dilution of Class A common stock due to future issuance of up to 5,869,830,955 shares, including 58,737,533 shares issuable upon exchange of Common Units[221] - The company has 5,869,830,955 shares of Class A common stock authorized but unissued as of January 31, 2023, with 58,737,533 shares issuable upon exchange of Common Units[221] - The company has reserved 43,665,212 shares of Class A common stock or Common Units for issuance under its Omnibus Incentive Plan[221] Operational and Infrastructure Risks - Leased corporate headquarters in Austin, Texas, with additional international office spaces in London, Barcelona, Paris, Mexico City, Mumbai, and Sydney[234] - Material data centers located in Miami, Prague, Frankfurt, and Amsterdam, with facilities deemed adequate for current and future use[235] - The company leases approximately 7,500 square feet of office space in Austin, Texas, and operates data centers in Miami, Prague, Frankfurt, and Amsterdam[234][235] Litigation and Legal Proceedings - A class action lawsuit filed in January 2022 alleges false and misleading statements in the SPO Registration Statement and prospectus, seeking unspecified damages[236] - Five shareholder derivative complaints have been filed against the company and certain directors and officers, alleging breaches of fiduciary duty and other claims[237] - The company has received an inquiry from the SEC relating to disclosures at issue in the SPO class action complaint[237]

Bumble, Inc. (NASDAQ:BMBL) Q4 2022 Earnings Conference Call February 22, 2023 4:30 PM ET Company Participants Cherryl Valenzuela - VP, IR Whitney Herd - Founder, CEO & Director Anuradha Subramanian - CFO Tariq Shaukat - President Conference Call Participants Justin Patterson - KeyBanc Capital Markets Shweta Khajuria - Evercore ISI Cory Carpenter - JPMorgan Chase & Co. Mark Kelley - Stifel, Nicolaus & Company David Malinowski - Bank of America Merrill Lynch Zachary Morrissey - Wolfe Research Steven Koenig - ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __________ to __________ Commission File Number: 001-40054 Bumble Inc. (Exact Name of Registrant as Specified in its Charter) Delaware (State or other juris ...

Bumble Inc. (NASDAQ:BMBL) Q3 2022 Earnings Conference Call November 9, 2022 4:30 PM ET Company Participants Cherryl Valenzuela - Vice President of Investor Relations Whitney Herd - Founder & Chief Executive Officer Anu Subramanian - Chief Financial Officer Tariq Shaukat - President Conference Call Participants Andrew Marok - Raymond James Mark Kelley - Stifel Cory Carpenter - JPMorgan Shweta Khajuria - Evercore ISI Alexandra Steiger - Goldman Sachs Laura Champine - Loop Capital Benjamin Black - Deutsche Ban ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __________ to __________ Commission File Number: 001-40054 Bumble Inc. (Exact Name of Registrant as Specified in its Charter) Delaware (State or other jurisdicti ...

Bumble Inc. (NASDAQ:BMBL) Q2 2022 Earnings Conference Call August 10, 2022 4:30 PM ET Company Participants Cherryl Valenzuela - Vice President of Investor Relations Whitney Wolfe Herd - Founder & Chief Executive Officer Anu Subramanian - Chief Financial Officer Tariq Shaukat - President Conference Call Participants Cory Carpenter - JPMorgan Alexandra Steiger - Goldman Sachs Andrew Marok - Raymond James Shweta Khajuria - Evercore ISI Lauren Schenk - Morgan Stanley Brad Erickson - RBC Capital Markets Deepak M ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __________ to __________ Commission File Number: 001-40054 Bumble Inc. (Exact Name of Registrant as Specified in its Charter) Delaware 85-3604367 (State or othe ...

Bumble Inc. (NASDAQ:BMBL) Q1 2022 Earnings Conference Call May 11, 2022 4:30 PM ET Company Participants Cherryl Valenzuela - Vice President, Investor Relations Whitney Wolfe Herd - Founder & Chief Executive Officer Anu Subramanian - Chief Financial Officer Tariq Shaukat - President Conference Call Participants Alexandra Steiger - Goldman Sachs Shweta Khajuria - Evercore ISI Cory Carpenter - JPMorgan Dan Salmon - BMO Capital Markets Benjamin Black - Deutsche Bank Lauren Schenk - Morgan Stanley James Heaney - ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Securities registered pursuant to Section 12(b) of the Act: FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2021 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE TRANSITION PERIOD FROM TO Commission File Number 001-40054 Bumble Inc. (Exact name of Registrant as specified in its Charter) ...