Bumble Announces Q4’21 And Full Year 2021 Financial Results

Bumble Inc., the parent company of Bumble, Badoo, and Fruitz, has reported its financial results for the fourth quarter and full year ended December 31, 2021.

Whitney Wolfe Herd, founder and CEO of Bumble, said: “We are pleased to deliver another quarter of strong revenue and adjusted EBITDA growth and are excited to add Fruitz to our family of global, market-leading apps. In our first year as a public company, and with our mission at the forefront of everything we do, we successfully executed on our core strategic priorities: driving scale and engagement, increasing monetisation, and improving profitability.”

Fourth Quarter 2021 Operational and Financial Highlights: 
(All comparisons relative to the Fourth Quarter 2020)

  • Revenue increased 25.7% to $208.2 million, compared to $165.6 million. This includes an unfavorable impact of $1.5 million from foreign currency movements year over year.
  • Bumble App revenue increased 42.2% to $150.5 million, compared to $105.8 million.
  • Badoo App and Other revenue decreased (3.5)% to $57.7 million, compared to $59.8 million.
  • Total paying users increased 10.6% to 3.0 million, compared to 2.7 million.
  • Total average revenue per paying user (ARPPU) was $22.83, compared to $20.02.
  • Net loss was $14.7 million, or (7.0)% of revenue, compared to net loss of $26.1 million, or (15.8)% of revenue.
  • Adjusted EBITDA was $54.8 million, or 26.3% of revenue, compared to $44.1 million, or 26.6% of revenue.

Full Year 2021 Operational and Financial Highlights: 
(All comparisons relative to the Full Year 2020)

  • Revenue was $765.7 million for the year ended December 31, 2021, compared to $542.2 million for the period from January 29, 2020 to December 31, 2020 and $40.0 million for the period from January 1, 2020 to January 28, 2020.
  • Bumble App revenue was $532.9 million for the year ended December 31, 2021, compared to $337.2 million for the period from January 29, 2020 to December 31, 2020 and $23.3 million for the period from January 1, 2020 to January 28, 2020.
  • Badoo App and Other revenue was $232.8 million for the year ended December 31, 2021, compared to $205.0 million for the period from January 29, 2020 to December 31, 2020 and $16.7 million for the period from January 1, 2020 to January 28, 2020.
  • Total paying users increased 15.5% to 2.9 million, compared to 2.5 million.
  • Total ARPPU was $21.68, compared to $18.89.
  • Net earnings (loss) was $286.9 million, or 37.5% of revenue, for the year ended December 31, 2021, compared to $(110.2) million, or (20.3)% of revenue, for the period from January 29, 2020 to December 31, 2020 and $(32.6) million, or (81.4)% of revenue, for the period from January 1, 2020 to January 28, 2020.
  • Adjusted EBITDA was $207.2 million, or 27.1% of revenue, for the year ended December 31, 2021, compared to $143.1 million, or 26.4% of revenue, for the period from January 29, 2020 to December 31, 2020 and $9.4 million, or 23.4% of revenue, for the period from January 1, 2020 to January 28, 2020.

Aun Subramanian, CFO at Bumble said: “We finished 2021 with a strong fourth quarter, highlighted by Bumble App’s 42% year over year revenue growth and increase of 108,000 paying users quarter over quarter. We expect Bumble App to have another strong year in 2022 and grow revenue 34% to 36% year over year, driven by continued international expansion and product innovation.”

Read the full financial results here.