Exhibit 99.1 Bumble Inc. Announces Third Quarter 2024 Results Total Revenue Decreased 1% to $274 Million Bumble App Revenue Decreased 1% to $220 Million Bumble App Paying Users Increased 10% to 2.9 Million; Grew 52,000 Quarter Over Quarter AUSTIN, Texas, November 6, 2024 - Bumble Inc. (NASDAQ: BMBL) today reported financial results for the third quarter ended September 30, 2024. "We delivered on our financial objectives for the third quarter as we executed on our plans to reimagine Bumble App to enable the ...

PART I. FINANCIAL INFORMATION [Item 1. Financial Statements (Unaudited)](index=5&type=section&id=Item%201.%20Financial%20Statements%20%28Unaudited%29) This section presents Bumble Inc.'s unaudited condensed consolidated financial statements, including balance sheets, statements of operations, and cash flows, with detailed accounting policy notes [Condensed Consolidated Balance Sheets](index=5&type=section&id=Condensed%20Consolidated%20Balance%20Sheets) As of June 30, 2024, total assets decreased to **$3.52 billion** from **$3.63 billion** at year-end 2023, driven by reduced cash and equivalents Condensed Consolidated Balance Sheet Data (in thousands) | Account | June 30, 2024 | December 31, 2023 | | :--- | :--- | :--- | | **Assets** | | | | Cash and cash equivalents | $286,664 | $355,642 | | Goodwill | $1,584,546 | $1,585,750 | | Intangible assets, net | $1,455,658 | $1,484,290 | | **Total assets** | **$3,524,240** | **$3,625,127** | | **Liabilities & Equity** | | | | Total current liabilities | $176,193 | $244,909 | | Long-term debt, net | $613,194 | $615,176 | | **Total liabilities** | **$1,226,242** | **$1,287,854** | | **Total shareholders' equity** | **$2,297,998** | **$2,337,273** | [Condensed Consolidated Statements of Operations](index=6&type=section&id=Condensed%20Consolidated%20Statements%20of%20Operations) Q2 2024 revenue grew to **$268.6 million**, with operating earnings surging to **$52.0 million** and diluted EPS increasing to **$0.22** Statement of Operations Highlights (in thousands, except per share data) | Metric | Three Months Ended June 30, 2024 | Three Months Ended June 30, 2023 | Six Months Ended June 30, 2024 | Six Months Ended June 30, 2023 | | :--- | :--- | :--- | :--- | :--- | | **Revenue** | **$268,615** | **$259,735** | **$536,390** | **$502,683** | | Operating earnings (loss) | $51,954 | $21,171 | $100,744 | $30,235 | | Net earnings (loss) | $37,686 | $9,349 | $71,559 | $7,020 | | Net earnings (loss) attributable to Bumble Inc. shareholders | $27,395 | $6,753 | $52,012 | $5,142 | | **Diluted earnings (loss) per share** | **$0.22** | **$0.05** | **$0.41** | **$0.04** | [Condensed Consolidated Statements of Cash Flows](index=12&type=section&id=Condensed%20Consolidated%20Statements%20of%20Cash%20Flows) Net cash from operations for H1 2024 was **$35.3 million**, with **$101.0 million** used in financing, resulting in a **$69.0 million** net cash decrease Cash Flow Summary (in thousands) | Cash Flow Activity | Six Months Ended June 30, 2024 | Six Months Ended June 30, 2023 | | :--- | :--- | :--- | | Net cash provided by operating activities | $35,345 | $56,100 | | Net cash used in investing activities | ($4,531) | ($19,087) | | Net cash used in financing activities | ($101,003) | ($54,700) | | **Net decrease in cash and cash equivalents** | **($68,972)** | **($22,223)** | [Notes to Unaudited Condensed Consolidated Financial Statements](index=13&type=section&id=Notes%20to%20Unaudited%20Condensed%20Consolidated%20Financial%20Statements) Notes detail accounting policies, including **$19.8 million** in restructuring charges, a **$450 million** share repurchase program, and a **$40.5 million** litigation provision - In February 2024, the company adopted a Restructuring Plan to reduce its global workforce by approximately 350 roles, expecting to incur total charges of **$20.0 million** to **$22.0 million**. For the six months ended June 30, 2024, it incurred **$19.8 million** in restructuring charges[34](index=34&type=chunk)[86](index=86&type=chunk) - The share repurchase program authorization was increased to **$450.0 million** in May 2024. As of June 30, 2024, **$208.7 million** remains available for repurchase[24](index=24&type=chunk)[82](index=82&type=chunk) - As of June 30, 2024, the company has accrued a provision of **$40.5 million** for probable future obligations related to various litigations, including matters concerning the Illinois Biometric Information Privacy Act (BIPA)[70](index=70&type=chunk) - On July 1, 2024, Bumble acquired Geneva Technologies, Inc., a social networking platform, for an aggregate purchase price of approximately **$17.0 million** in cash[70](index=70&type=chunk) [Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations](index=28&type=section&id=Item%202.%20Management%27s%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operations) Management discusses Q2 2024 financial performance, noting **3.4%** revenue growth driven by user increases, offset by lower ARPPU, and the impact of restructuring on expenses [Key Operating and Financial Metrics](index=30&type=section&id=Key%20Operating%20and%20Financial%20Metrics) Q2 2024 saw **13.9%** growth in Total Paying Users to **4.14 million**, but Total ARPPU declined **8.0%** to **$21.37** Key Operating Metrics (Q2 2024 vs. Q2 2023) | Metric | Q2 2024 | Q2 2023 | Change | | :--- | :--- | :--- | :--- | | Total Paying Users (thousands) | 4,138.6 | 3,633.3 | +13.9% | | Bumble App Paying Users (thousands) | 2,817.2 | 2,457.8 | +14.6% | | Total Average Revenue per Paying User | $21.37 | $23.23 | -8.0% | | Bumble App Average Revenue per Paying User | $25.79 | $28.21 | -8.6% | [Results of Operations](index=33&type=section&id=Results%20of%20Operations) Q2 2024 revenue grew **3.4%** YoY, while operating expenses, particularly G&A and Product Development, significantly decreased due to restructuring-related compensation reductions - Bumble App Revenue grew to **$218.0 million** in Q2 2024 from **$208.0 million** in Q2 2023, an increase of **4.8%**, driven by a **14.6%** increase in paying users[97](index=97&type=chunk) - Badoo App and Other Revenue decreased slightly to **$50.6 million** in Q2 2024 from **$51.8 million** in Q2 2023, a **2.3%** decline, primarily due to lower ARPPU[97](index=97&type=chunk) - Product development expense decreased by **$20.5 million** (**56.7%**) in Q2 2024 compared to Q2 2023, mainly due to an **$18.0 million** decrease in stock-based compensation from forfeitures[102](index=102&type=chunk) - General and administrative expense decreased by **$7.0 million** (**16.1%**) in Q2 2024, driven by an **$11.0 million** decrease in stock-based compensation and lower legal fees[101](index=101&type=chunk) [Liquidity and Capital Resources](index=40&type=section&id=Liquidity%20and%20Capital%20Resources) As of June 30, 2024, cash and equivalents totaled **$286.7 million**, with **$101.0 million** used in financing activities, primarily for share repurchases - Cash and cash equivalents stood at **$286.7 million** as of June 30, 2024, a decrease of **$69.0 million** from year-end 2023, primarily due to share repurchases[113](index=113&type=chunk) - During the six months ended June 30, 2024, the company repurchased **5.3 million** shares of Class A common stock and **2.0 million** Common Units for a total of **$84.4 million**[113](index=113&type=chunk) - The company made cash payments of **$15.2 million** in H1 2024 related to its Restructuring Plan[113](index=113&type=chunk) [Item 3. Quantitative and Qualitative Disclosures About Market Risk](index=42&type=section&id=Item%203.%20Quantitative%20and%20Qualitative%20Disclosures%20About%20Market%20Risk) Primary market risks include foreign currency exposure, with **47.3%** of Q2 2024 revenue from outside North America, and interest rate risk on **$618.9 million** in variable-rate debt - Revenue outside of North America accounted for **47.3%** of consolidated revenue for the three months ended June 30, 2024. A hypothetical **10%** change in British Pound and Euro exchange rates would have impacted H1 2024 revenue by **$12.4 million**[120](index=120&type=chunk)[122](index=122&type=chunk) - The company mitigates interest rate risk on its variable-rate debt by using interest rate swaps with a total notional value of **$350.0 million**, effectively fixing the variable rate element at **3.18%** until January 2027[123](index=123&type=chunk) [Item 4. Controls and Procedures](index=43&type=section&id=Item%204.%20Controls%20and%20Procedures) Management, including the CEO and CFO, concluded that disclosure controls and procedures were effective as of June 30, 2024, with no material changes to internal controls - Management, including the CEO and CFO, concluded that as of June 30, 2024, the company's disclosure controls and procedures are effective[124](index=124&type=chunk) - There were no changes in internal control over financial reporting during the most recent fiscal quarter that have materially affected, or are reasonably likely to materially affect, internal controls[125](index=125&type=chunk) PART II. OTHER INFORMATION [Item 1. Legal Proceedings](index=44&type=section&id=Item%201.%20Legal%20Proceedings) The company is involved in various legal proceedings, including BIPA-related litigation, with a **$40.5 million** provision for probable losses as of June 30, 2024 - The company is subject to various legal proceedings, including matters related to consumer protection, intellectual property, and employment[64](index=64&type=chunk)[125](index=125&type=chunk) - A proposed class action settlement for lawsuits related to the Illinois Biometric Information Privacy Act (BIPA) was preliminarily approved on June 6, 2024[67](index=67&type=chunk) - As of June 30, 2024, the company determined a provision of **$40.5 million** reflects its best estimate of probable future obligations for its litigations[70](index=70&type=chunk) [Item 1A. Risk Factors](index=44&type=section&id=Item%201A.%20Risk%20Factors) This section refers readers to the comprehensive risk factor discussion in the company's 2023 Form 10-K, with no new or updated risks presented - For a discussion of risk factors, readers are referred to Part I, "Item 1A—Risk Factors" of the company's 2023 Form 10-K[126](index=126&type=chunk) [Item 2. Unregistered Sales of Equity Securities and Use of Proceeds](index=44&type=section&id=Item%202.%20Unregistered%20Sales%20of%20Equity%20Securities%20and%20Use%20of%20Proceeds) The company updated its share repurchase program, increasing authorization to **$450.0 million**, with **$208.7 million** remaining available as of June 30, 2024 - The Board of Directors increased the share repurchase program authorization from **$300.0 million** to **$450.0 million** in May 2024[126](index=126&type=chunk) - The company did not purchase any shares under the program during the second quarter of 2024[126](index=126&type=chunk) - As of June 30, 2024, **$208.7 million** remained available for repurchase under the program[126](index=126&type=chunk)

Financial Data and Key Metrics Changes - Total Bumble Inc. revenue grew 3% in Q2 to $269 million, impacted by FX headwinds totaling $3.4 million, which negatively affected the growth rate by approximately 1.5 percentage points [16][22] - Total paying users increased by 14% to 4.1 million, while ARPPU decreased by 8% to $21.37 [16][22] - Q2 adjusted EBITDA was $75 million, representing a margin of 28%, up from 26% in the previous year [19][24] Business Line Data and Key Metrics Changes - Bumble app revenue grew 5% to $218 million, driven by a 15% increase in paying users to 2.8 million [16][22] - Badoo app and other revenue declined 2% year over year to $51 million, with paying users growing by 12% to 1.3 million [17][22] Market Data and Key Metrics Changes - The increase in paying users was partially offset by a 9% year-over-year decline in ARPPU due to geographic mix shifts, with some pressure on US top-of-the-funnel metrics [16][22] - International markets showed continuous strength, contributing positively to the overall user growth [22] Company Strategy and Development Direction - The company is focusing on three areas: fostering a vibrant customer ecosystem, enhancing customer experience, and evolving revenue strategy [7][12] - A comprehensive plan is in place to address demographic imbalances and improve retention by providing innovative dating experiences [6][12] - The acquisition of Geneva aims to accelerate opportunities in the friendships and community space, aligning with the company's broader strategy [14][22] Management's Comments on Operating Environment and Future Outlook - Management acknowledged the need to reset the strategy to deliver durable customer value, which may impact near-term growth but is essential for long-term value creation [15][22] - The outlook for Q3 expects total revenue between $269 million and $275 million, representing a year-over-year decline of 1% at the mid-point [23][24] - Management remains confident in the long-term growth potential despite short-term challenges, emphasizing the importance of customer experience [22][60] Other Important Information - The company is committed to returning cash to shareholders, having returned $241 million since the inception of its repurchase program [20][24] - The company plans to slow down certain monetization initiatives, including the expansion of Premium Plus, to focus on enhancing the free experience [12][22] Q&A Session Summary Question: Can you provide clarity on the US versus international paying user dynamics? - Management noted that while ARPPU is increasing in individual markets, the overall decline is influenced by the geographic mix, with pressure on US top-of-the-funnel metrics affecting US payers [26] Question: What is the timing for impactful product roadmap features? - Management indicated that improving customer experience and engagement will take time to realize revenue growth, with multiple quarters needed to see top-of-funnel strength [28] Question: What drove the decision to reset the roadmap? - The decision was based on observed top-of-funnel softness and the need to prioritize product experiences that drive long-term sustainable revenue growth [33] Question: Will there be an increase in sales and marketing in the back half of the year? - Management stated that while spending will be tailored based on market maturity, there will be a slight increase in Q4 marketing as part of the strategy [36][38] Question: How will the company address the demographic imbalance in the ecosystem? - Management emphasized a multifaceted approach, including product, marketing, and revenue techniques to ensure a balanced mix of users and improve engagement [71]

Exhibit 99.1 Bumble Inc. Announces Second Quarter 2024 Results Total Revenue Increased 3% to $269 Million Bumble App Revenue Increased 5% to $218 Million Bumble App Paying Users Increased 15% to 2.8 Million; Grew 87,000 Quarter Over Quarter Net Earnings of $38 Million, Adjusted EBITDA of $75 Million AUSTIN, Texas, August 7, 2024 - Bumble Inc. (NASDAQ: BMBL) today reported financial results for the second quarter ended June 30, 2024. "Our first chapter of the Bumble App launch delivered better women's experi ...

As of March 31, 2024, total unrecognized compensation cost related to the Time-Vesting Incentive Units is $1.4 million, which is expected to be recognized over a weighted-average period of 1.0 years. Total unrecognized compensation cost related to the ExitVesting Incentive Units is $3.3 million, which is expected to be recognized over a weighted-average period of 1.3 years. | --- | --- | --- | --- | --- | --- | --- | |--------------------------------------------|--------------------------------------------- ...

Bumble, Inc. (NASDAQ:BMBL) Q1 2024 Earnings Conference Call May 8, 2024 4:30 PM ET Company Participants Cherryl Valenzuela - VP, IR Lidiane Jones - CEO Anuradha Subramanian - CFO Conference Call Participants Miles Jakubiak - KeyBanc Andrew Marok - Raymond James Ygal Arounian - Citi Nathan Feather - Morgan Stanley John Blackledge - TD Cowen Jian Li - Evercore ISI Benjamin Black - Deutsche Bank Curtis Nagle - Bank of America Merrill Lynch Laura Champine - Loop Capital Operator Hello, and welcome to the Bumble ...

Bumble Inc. Announces First Quarter 2024 Results (All comparisons relative to the First Quarter 2023) • Total Revenue increased 10.2% to $267.8 million, compared to $242.9 million. This includes a favorable impact of $0.1 million from foreign currency movements year over year. o Bumble App Revenue increased 11.1% to $215.8 million, compared to $194.3 million. This includes an unfavorable impact of $0.4 million from foreign currency movements year over year. o Badoo App and Other Revenue increased 6.9% to $5 ...

97 Consolidated Balance Sheets Information | --- | --- | --- | --- | --- | |-------------------------------------------------------------------------------------|--------------|-----------------------|-------|--------------------------------| | Legal liabilities | December \n$ | 31, 2023 \n65,761 | $ | December 31, 2022 \n20,501 | | Payroll and related expenses | | 23,603 | | 20,814 | | Marketing expenses | | 22,622 | | 19,874 | | Other accrued expenses | | 14,487 | | 14,536 | | Lease liabilities | | 1,171 ...

bumble inc. February 2024 Q4 2023 Earnings Supplemental Presentation This communication contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements include, without limitation, statements reflecting the current views of management of Bumble Inc. with respect to, among other things, our operations, our financial performance, our industry, our business and other non-historical statements, including without limitation the in ...

Financial Data and Key Metrics Changes - Total Bumble Inc. revenue in Q4 increased 13% to $274 million, driven by a 16% increase in paying users [19][22] - For the full year 2023, total revenue grew 16% year-over-year to $1.052 billion, with adjusted EBITDA of $276 million, representing a 26% margin [22][24] - GAAP net loss for full year 2023 was $2 million compared to a net loss of $114 million in 2022 [23] - Q4 adjusted EBITDA was $74 million, consistent with the outlook [22] Business Line Data and Key Metrics Changes - Revenue from Bumble App increased 16% to $221 million, with paying users growing 21% to 2.7 million [20][22] - Badoo App and Other revenue was $53 million, up 4%, with paying users growing 8% to 1.3 million [39][40] - Bumble App's ARPPU declined 4% to $27.37, primarily due to geographic mix shift [21] Market Data and Key Metrics Changes - The global addressable market for online dating remains strong with about 2 billion single people worldwide [11] - The company is seeing strong growth in international markets, particularly in Germany, Spain, France, Mexico, and India [72] Company Strategy and Development Direction - The company plans to relaunch Bumble App in Q2 with a modern experience aimed at capturing a broader audience and appealing to younger users [14][16] - Focus on building Bumble For Friends to create equitable and safe friendships across communities [18] - Emphasis on leveraging data and emerging technologies like generative AI to enhance product innovation [17] Management's Comments on Operating Environment and Future Outlook - Management acknowledged execution challenges affecting the Bumble App and adjusted 2024 revenue outlook due to a slower-than-expected start [26][74] - Confidence in resolving issues within control and reaccelerating growth in the second half of 2024 post-relaunch [26][76] - Management highlighted the importance of innovation in the online dating category, noting a disconnect between demand and available experiences [58][116] Other Important Information - The company repurchased $136 million worth of shares in Q4, demonstrating commitment to the buyback program [25] - New leadership appointments were announced, including a Chief Product Officer and Chief Technology Officer, to drive innovation [47][48][50] Q&A Session Questions and Answers Question: What is the biggest opportunity for Bumble over the next few months? - Management sees a tremendous opportunity in modernizing the user experience and addressing the disconnect between demand and innovation in the online dating market [56][58] Question: What are the assumptions behind the updated 2024 guidance? - The guidance reflects a slower-than-expected start primarily in the US, with adjustments made to revenue outlook for Bumble App [74][76] Question: How is the company addressing the challenges with Premium+? - Management noted that while Premium+ was revenue-positive, it did not show the anticipated incremental uplift, leading to a reevaluation of the product tiering strategy [61][84] Question: What is the strategy for marketing spend throughout the year? - Marketing spend is expected to be higher in the first half of the year leading up to the Q2 launch, with a gradual decrease as revenue ramps up in the second half [90] Question: How does the company plan to leverage AI and data? - The company has significant in-house data related to user preferences and behaviors, which will be utilized alongside partnerships with large language model vendors to enhance user experiences [120]