Financial Data and Key Metrics Changes - In Q1 2025, total revenue for Bumble Inc. was $247 million, with a foreign exchange impact of approximately $6 million [28] - Bumble app revenue was $200 million, including a foreign exchange headwind of approximately $4 million [28] - Adjusted EBITDA for Q1 was $64 million, representing 26% of revenue [29] - The company reported GAAP net earnings of $20 million and strong cash flow of $43 million [29] Business Line Data and Key Metrics Changes - Total paying users in the quarter were 4 million, with Bumble app paying users at 2.7 million [28] - Vadu app and other revenue totaled $45 million, with 1.3 million paying users [28] Market Data and Key Metrics Changes - The company anticipates a revenue decrease of 10% to 13% year-over-year for Q2, with Bumble app revenue expected between $193 million and $199 million [32] - A $12 million revenue headwind is expected due to the discontinuation of operations for Frutz and Official [33] Company Strategy and Development Direction - The company is focusing on quality over quantity, aiming to improve member experience and match quality [5][11] - Efforts include removing bots and scammers, fostering a verified community, and modernizing the matching algorithm with AI [12][18] - The company is reducing marketing spend by $20 million in Q2 to focus on organic marketing strategies [16] Management's Comments on Operating Environment and Future Outlook - Management believes the demand for love is at an all-time high, indicating a robust total addressable market (TAM) [42] - The company is committed to improving member engagement and success, with a focus on long-term sustainable growth [25][34] - Management acknowledges short to medium-term headwinds but emphasizes a strong financial foundation and cash flow [30][34] Other Important Information - The company has identified $15 million in near-term savings across operating costs [16] - A new CTO has been appointed to enhance technology and product experience [17] - The company is prioritizing safety and verification through AI to improve member trust [60] Q&A Session Summary Question: Changes in performance marketing and addressable market - Management emphasized that the focus is on quality, not just scaling for growth, and that the total addressable market remains large [39][44] Question: Key metrics for measuring success - Management highlighted the importance of member engagement quality, including successful matches and chats, as key metrics [54][56] Question: AI investments and productivity - Management discussed leveraging AI for safety, verification, and enhancing the matching algorithm to improve user experience [60][64] Question: User behavior in international markets - Management noted that user complaints about match quality and safety are consistent across international markets, indicating a global opportunity for improvement [100][102]

Financial Data and Key Metrics Changes - In Q1 2025, total revenue for Bumble Inc. was $247 million, with a foreign exchange impact of approximately $6 million [30] - Bumble app revenue was $200 million, including a foreign exchange headwind of about $4 million [30] - Adjusted EBITDA for Q1 was $64 million, representing 26% of revenue [31] - The company reported GAAP net earnings of $20 million [31] - Cash flow for Q1 was strong at $43 million, ending the quarter with $200 million in cash and cash equivalents [31] Business Line Data and Key Metrics Changes - Total paying users in Q1 were 4 million, with Bumble app paying users at 2.7 million [30] - Vadu app and other revenue totaled $45 million, with 1.3 million paying users [30] Market Data and Key Metrics Changes - The company anticipates a revenue decrease of 10% to 13% year-over-year for Q2, translating to total revenue between $235 million and $243 million [34] - Bumble app revenue for Q2 is expected to be between $193 million and $199 million, representing a year-over-year decrease of 11% to 19% [34] Company Strategy and Development Direction - The company is focusing on quality over quantity, aiming to improve member experience and match quality [5][11] - Bumble is modernizing its personalized matching algorithm using AI and machine learning to enhance match relevancy [12] - The company is reducing marketing spend by $20 million in Q2 to focus on organic marketing strategies [16] - Bumble aims to create a verified and trusted community by removing low-quality profiles and enhancing member profiles [11][88] Management's Comments on Operating Environment and Future Outlook - Management acknowledges that the online dating industry is at an inflection point and emphasizes the need for a return to quality matches [5][23] - The company believes that the demand for love is robust and global, indicating significant growth potential [44][100] - Management is committed to improving member engagement and success metrics rather than focusing solely on paying user numbers [24][34] Other Important Information - The company has identified $15 million in near-term operating cost savings and expects to continue finding efficiencies [31][32] - Bumble is not pursuing growth in international markets until product issues are resolved, with a focus on 2026 for international expansion [106] Q&A Session Summary Question: Changes in performance marketing and addressable market - Management emphasized that the focus is on quality, not just scaling for growth, and that the total addressable market remains significant [41][42] Question: Key metrics for measuring success - Management highlighted the importance of member engagement quality, including match success and user experience [53][57] Question: AI investments and productivity gains - Management discussed leveraging AI for safety, verification, and enhancing the matching algorithm to improve user experience [61][62] Question: User behavior in international markets - Management noted that user complaints are similar across markets, focusing on fulfilling matches and safety [102][104]

Financial Performance - Q1 2025 - Total revenue decreased by 8% year-over-year to $247.1 million[25] - Bumble App revenue decreased by 6% year-over-year to $201.8 million[25] - Net earnings decreased by 41% year-over-year to $19.8 million[25] - Adjusted EBITDA decreased by 13% year-over-year to $64.4 million[25] User Metrics - Q1 2025 - Total Paying Users remained flat at 4.0 million[25] - Bumble App Paying Users decreased by 1% to 2.7 million[25] - Badoo App and Other Paying Users increased by 1% to 1.306 million[38] - Total Average Revenue per Paying User (ARPPU) decreased by 7% to $20.24[25] - Bumble App ARPPU decreased by 6% to $24.84[33] - Badoo App and Other ARPPU decreased by 13% to $10.72[39] Financial Outlook - Q2 2025 - The company expects total revenue to be between $235 million and $243 million[45] - The company expects Bumble App revenue to be between $193 million and $199 million[45] - The company expects Adjusted EBITDA to be between $79 million and $84 million[45]