Bumble (BMBL) investor relations material

Executive summary

• Revenue declined 14.1% year-over-year to $212.4 million in Q1 2026, reflecting a strategic reset of the member base and prioritization of quality over quantity, resulting in a healthier ecosystem.

• Net earnings surged 165.4% to $52.6 million, representing 24.8% of revenue, with Adjusted EBITDA rising 28.3% to $82.6 million (38.9% margin), driven by operating discipline and cost efficiency.

• Entered a new phase focused on activation, product innovation, and a reimagined member experience, including a new tech platform and interaction model rolling out through 2026.

• Early tests of new features and AI-driven onboarding show promising improvements in matching and monetization trends.

• Entered new $475 million senior secured term loan and $50 million revolving credit facility in April 2026, extending debt maturities to 2030 and enhancing liquidity.

Financial highlights

• Q1 2026 total revenue was $212.4 million, down 14% year-over-year; Bumble App revenue was $172.7 million, down 14.4%; Badoo App and Other revenue dropped 12.4% to $39.7 million.

• Total paying users decreased 21.1% to 3.2 million, with Bumble App paying users down 23% to 2.08 million and Badoo App & Other paying users down 17% to 1.08 million.

• Total ARPPU increased 8.9% year-over-year to $22.04; Bumble App ARPPU rose to $27.65, Badoo App & Other ARPPU to $11.26.

• Adjusted EBITDA margin improved to 38.9% from 26.1% year-over-year.

• Free cash flow reached $73.8 million, up from $40.8 million a year ago; cash and equivalents stood at $245.6 million as of March 31, 2026.

Outlook and guidance

• Q2 2026 revenue expected between $205 million and $213 million; Bumble App revenue forecasted at $168 million to $174 million.

• Adjusted EBITDA for Q2 2026 projected at $65 million to $70 million (approx. 32% margin at midpoint).

• Revenue headwinds from the quality reset expected to moderate through 2026, with margins normalizing as investments in technology and marketing increase.