Slide 1: Q1 2024 Earnings Supplemental Presentation
Q1 2024 Earnings Supplemental Presentation May 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: Q1 2024 Financial Highlights
Q1 2024 Financial Highlights In Millions, Except ARPPU Q1 2024 VS. Q1 2023 Total Revenue1 $267.8 10% Bumble App Revenue $215.8 11% Total Paying Users2 4.0 16% Bumble App Paying Users 2.7 18% Total ARPPU3 $21.84 -4% Net Earnings $33.9 NA Adjusted EBITDA $74.0 25% 1 Includes revenue generated from Fru
Slide 6: Total Revenue
Total Revenue Quarterly Revenue1 ($M) Annual Revenue1 ($M) +10% Y/Y +16% Y/Y 1,052 276 274 268 904 260 207 243 582 54 53 52 209 52 49 216 845 208 222 221 694 194 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 FY 2022 FY 2023 Bumble App Badoo App & Other Bumble App Badoo App & Other 1 The sum of individual
Slide 7: Bumble App
Bumble App Paying Users (Thousands) Average Revenue Per Paying User (ARPPU, $) +18% Y/Y -6% Y/Y +42K +83K $28.21 $28.38 +147K Q/Q Q/Q $27.93 $27.37 Q/Q $26.34 +139K Q/Q 2,730 2,688 2,605 2,458 2,319 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q1 2024 Earnings 7
Slide 8: Badoo App & Other
Badoo App & Other Paying Users1,4 (Thousands) Average Revenue Per Paying User4 (ARPPU, $) +13% Y/Y -1% Y/Y +13K2 $12.83 +66K2 +40K Q/Q $12.79 Q/Q +34K Q/Q Q/Q 1,2942 1,2812 $12.693 1,216 1,141 1,175 $12.47 $12.353 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 1 The
Slide 9: Adjusted EBITDA
Adjusted EBITDA Quarterly Adjusted EBITDA ($M) Annual Adjusted EBITDA ($M) and Adjusted EBITDA Margin and Adjusted EBITDA Margin +25% Y/Y +21% Y/Y 75 74 74 276 67 59 227 27% 27% 28% 26% 25% 26% 24% Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 FY 2022 FY 2023 Q1 2024 Earnings 9
Slide 10: Financial Outlook
Financial Outlook1 Q2 2024 FY 2024 Revenue Revenue Growth $269-$275 Million 8%-11% Bumble App Revenue Bumble App Revenue Growth $218-$222 Million 9%-11% Adjusted EBITDA Adjusted EBITDA Margin Leverage $69-$73 Million At least 300 basis points 1. Actual results may differ materially from Bumble’s fin
Slide 11: Reconciliation of Net Earnings (Loss) to Adjusted EBITDA
Reconciliation of Net Earnings (Loss) to Adjusted EBITDA In Millions, Except Percentages Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Net earnings (loss) $(2.3) $9.3 $23.1 $(32.0) $33.9 Add back: Income tax (benefit) provision 2.6 2.7 1.9 (0.1) 7.5 Interest (income) expense, net 5.2 6.1 5.3 4.9 8.9 Depre
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