Slide 1: Q1 2023 Earnings Supplemental Presentation
Q1 2023 Earnings Supplemental Presentation May 2023
Slide 2: Forward-Looking Statements
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 our current views with respect to, among other things, our operations, our financia
Slide 3: Definitions
Total Revenue is the sum of Bumble App Revenue and Badoo App and Other Revenue. Total Paying Users is the sum of Bumble App Paying Users and Badoo App and Other Paying Users. Total Average Revenue per Paying User (or ARPPU) is a metric calculated based on Total Revenue in any measurement period, exc
Slide 4: Non-GAAP Financial Measures
We report our financial results in accordance with GAAP, however, management believes that certain non-GAAP financial measures provide users of our financial information with useful supplemental information that enables a better comparison of our performance across periods. These measures include ad
Slide 5: Q1 2023 Financial Highlights
Q1 2023 Financial Highlights In Millions, Except ARPPU Q1 2023 VS. Q1 2022 Total Revenue1 $242.9 16% Bumble App Revenue $194.3 26% Total Paying Users2 3.5 15% Bumble App Paying Users 2.3 31% Total ARPPU2 $22.83 1% Net Loss $(2.3) NA Adjusted EBITDA $59.3 19% 1 Includes revenue generated from Fruitz.
Slide 6: Total Revenue
Total Revenue Quarterly Revenue1 ($M) Annual Revenue1 ($M) +16% +19% 904 761 209 242 243 582 210 219 233 232 52 51 49 56 51 694 191 194 529 168 181 154 Q1 2022 Q2 2022 Q3 2022 Q4 2022 Q1 2023 FY 2021 FY 2022 Bumble App Badoo App & Other Bumble App Badoo App & Other Total Revenue of $243 million was
Slide 7: Bumble App
Bumble App Paying Users (Thousands) Average Revenue Per Paying User (ARPPU, $) +31% (4)% +98K $28.99 $29.18 $28.84 +133K Q/Q $28.64 $27.93 +164K Q/Q +149K Q/Q 2,319 Q/Q 2,221 2,088 1,925 1,775 Q1 2022 Q2 2022 Q3 2022 Q4 2022 Q1 2023 Q1 2022 Q2 2022 Q3 2022 Q4 2022 Q1 2023 Bumble App paying users gre
Slide 8: Badoo App & Other
Badoo App & Other Paying Users (Thousands) Average Revenue Per Paying User (ARPPU, $) (7)% (7)% -136K +106K -14K Q/Q Q/Q $13.56 Q/Q -47K $13.48 Q/Q 1,232 1,202 1,188 1,141 1,096 $12.75 $12.48 $12.47 Q1 2022 Q2 2022 Q3 2022 Q4 2022 Q1 2023 Q1 2022 Q2 2022 Q3 2022 Q4 2022 Q1 2023 Badoo App & Other pay
Slide 9: Adjusted EBITDA
Adjusted EBITDA Quarterly Adjusted EBITDA ($M) Annual Adjusted EBITDA ($M) +19% +10% 227 207 62 60 59 55 50 27% 27% 24% 25% 25% 24% 25% Q1 2022 Q2 2022 Q3 2022 Q4 2022 Q1 2023 FY 2021 FY 2022 Adjusted EBITDA of $59 million grew 19% Y/Y, representing an Adjusted EBITDA margin of 24% Q1 2023 Earnings
Slide 10: Financial Outlook
Financial Outlook1 Q2 2023 FY 2023 Revenue Revenue Growth Rate $254-258 16%-19% Million Bumble App Revenue Bumble App Revenue Growth Rate $205-208 22%-25% Million Adjusted EBITDA Adjusted EBITDA Margin $62-64 At Least +100 basis points Million 1. Actual results may differ materially from Bumble’s fi
Slide 11: Reconciliation of Net Earnings (Loss) to Adjusted EBITDA
Reconciliation of Net Earnings (Loss) to Adjusted EBITDA In Millions, Except Percentages Q1 2022 Q2 2022 Q3 2022 Q4 2022 Q1 2023 Net earnings (loss) $23.7 $(5.0) $26.4 $(159.2) $(2.3) Add back: Income tax (benefit) provision 2.9 1.2 1.6 (2.4) 2.6 Interest (income) expense 5.6 6.0 6.9 5.6 5.2 Depreci
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