other material
confidence high
sentiment positive
materiality 0.85
Bumble reports Q3 revenue down 10% to $246M and enters $186M TRA buyout
Bumble Inc.
- TRA buyout: $186M settlement to terminate tax receivable agreement with Blackstone and Whitney Wolfe Herd; funded from cash on hand.
- Q3 total revenue $246.2M (-10% YoY); Bumble App revenue $198.8M (-9.7%), Badoo & Other $47.4M (-11.3%).
- Paying users 3.6M (-16% YoY); ARPPU $22.64 (+6.9%).
- Net earnings $51.6M (vs net loss $849.3M last year incl. impairment); Adj. EBITDA $83.1M (33.7% margin up from 30.2%).