Slide 1: Q4 2023 Earnings Supplemental Presentation
Q4 2023 Earnings Supplemental Presentation February 2024
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 the current views of management of Bumble Inc. with respect to, among other things,
Slide 3: Definitions
As used in this communication, unless otherwise noted or the context requires otherwise, the following terms have the following meanings. Our key metrics (Bumble App Paying Users, Badoo App and Other Paying Users, Total Paying Users, Bumble App Average Revenue per Paying User, Badoo App and Other Av
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: Q4 2023 Financial Highlights
Q4 2023 Financial Highlights In Millions, Except ARPPU Q4 2023 VS. Q4 2022 Total Revenue1 $273.6 13% Bumble App Revenue $220.7 16% Total Paying Users2 4.0 16% Bumble App Paying Users 2.7 21% Total ARPPU3 $22.64 -2% Net Loss $32.0 NA Adjusted EBITDA $73.7 22% 1 Includes revenue generated from Fruitz
Slide 6: Full Year 2023 Financial Highlights
Full Year 2023 Financial Highlights In Millions, Except ARPPU FY 2023 VS. FY 2022 Total Revenue1 $1,051.8 16% Bumble App Revenue $844.8 22% Total Paying Users2 3.7 17% Bumble App Paying Users 2.5 26% Total ARPPU3 $23.03 +0% Net Loss $1.9 NA Adjusted EBITDA $275.6 21% 1 Includes revenue generated fro
Slide 7: Total Revenue
Total Revenue Quarterly Revenue1 ($M) Annual Revenue1 ($M) +13% Y/Y +16% Y/Y 1,052 276 274 904 260 207 242 243 582 54 53 209 52 51 49 221 845 194 208 222 694 191 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 FY 2022 FY 2023 Bumble App Badoo App & Other Bumble App Badoo App & Other 1 The sum of individual
Slide 8: Bumble App
Bumble App Paying Users (Thousands) Average Revenue Per Paying User (ARPPU, $) +21% Y/Y (4)% Y/Y +83K +147K Q/Q $28.64 $27.93 $28.21 $28.38 +139K Q/Q $27.37 +98K Q/Q Q/Q 2,605 2,688 2,458 2,319 2,221 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q4 2023 Earnings 8
Slide 9: Badoo App & Other
Badoo App & Other Paying Users1,4 (Thousands) Average Revenue Per Paying User4 (ARPPU, $) +8% Y/Y +2% Y/Y -47K +66K2 Q/Q +34K +40K Q/Q $12.83 Q/Q Q/Q $12.79 1,2812 1,216 $12.693 1,188 1,175 1,141 $12.48 $12.47 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 1 The sum
Slide 10: Adjusted EBITDA
Adjusted EBITDA Quarterly Adjusted EBITDA ($M) Annual Adjusted EBITDA ($M) and Adjusted EBITDA Margin and Adjusted EBITDA Margin +22% Y/Y +21% Y/Y 75 74 276 67 60 59 227 26% 27% 27% 26% 25% 24% 25% Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 FY 2022 FY 2023 Q4 2023 Earnings 10
Slide 11: Financial Outlook
Financial Outlook1 Q1 2024 FY 2024 Total Revenue Total Revenue Growth $262-$268 Million 8%-11% Bumble App Revenue Bumble App Revenue Growth $211-$215 Million 9%-11% Adjusted EBITDA Adjusted EBITDA Margin $67-$70 Million At least +300 bps 1. Actual results may differ materially from Bumble’s financia
Slide 12: Reconciliation of Net Earnings (Loss) to Adjusted EBITDA
Reconciliation of Net Earnings (Loss) to Adjusted EBITDA In Millions, Except Percentages Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Net earnings (loss) $(159.2) $(2.3) $9.3 $23.1 $(32.0) Add back: Income tax (benefit) provision (2.4) 2.6 2.7 1.9 (0.1) Interest (income) expense, net 5.6 5.2 6.1 5.3 4.9
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