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Bumble Inc. is a Delaware-based company specializing in online dating and social networking applications. It provides platforms for users to connect through subscriptions and in-app purchases, catering to markets in North America, Europe, and other regions globally. Bumble Inc. operates under an umbrella partnership-C-Corporation structure, managing its business activities and consolidating its financial operations.
- Bumble App - Focuses on dating and social networking, empowering women to make the first move. Includes Bumble For Friends, a standalone friendship app launched in July 2023.
- Badoo App and Other - Offers dating services through the Badoo app and includes Fruitz, Geneva, and other smaller apps acquired to expand its portfolio.
| Name | Position | External Roles | Short Bio | |
|---|---|---|---|---|
Lidiane S. Jones ExecutiveBoard | Chief Executive Officer | Board Trustee at the Shady Hill School | Lidiane S. Jones has been the Chief Executive Officer of Bumble Inc. since January 2, 2024. She previously served as CEO of Slack Technologies from December 2022 to December 2023 and held senior leadership roles at Salesforce, Sonos, and Microsoft. | |
Whitney Wolfe Herd ExecutiveBoard | Chief Executive Officer | Board Member at Imagine Entertainment; Executive Board Member at Southern Methodist University’s Dedman College of Humanities and Sciences | Whitney Wolfe Herd is currently returning as CEO of Bumble Inc. effective March 17, 2025. She previously served as CEO from January 2020 to January 2024 and was the Executive Chair of the Board from January 2024. | |
Laura Franco Executive | Chief Legal and Compliance Officer | Board of Directors of Virgin Voyages | Laura Franco served as the Chief Legal and Compliance Officer at Bumble Inc. since November 2020. She has a strong background in legal leadership, having held senior roles at CBS Corporation and Viacom Inc., and resigned from Bumble Inc. effective February 16, 2024. | |
Neil Shah Executive | Chief Business Officer | Neil Shah is the newly appointed Chief Business Officer at Bumble Inc. as of December 2, 2024, responsible for executing the company’s strategic transformation, including driving its revenue model, pricing strategy, and partnerships. Previously, he served as an advisor at Bumble and held leadership roles at Slack, Twitter, and McKinsey & Co.. | ||
Ronald J. Fior Executive | Interim Chief Financial Officer | Ronald J. Fior is currently serving as Interim Chief Financial Officer at Bumble Inc. since March 15, 2025 and brings over 30 years of experience as a CFO across various companies. | ||
Amy M. Griffin Board | Member of Bumble Inc.'s Board of Directors | Founder and Managing Partner of G9 Ventures; Co-founder of Social Studies; Board member at KIPP; Board member at The Boys’ Club of NYC; Board member at The Virginia Athletics Foundation; Board member at The Spence School; Board member at The Mead Foundation; Board member at One Love Foundation; Trustee of the John & Amy Griffin Foundation; Board member at Spanx; Board member at Gagosian Gallery; Trustee of The Metropolitan Museum of Art; Women's board member at the Boys Club of New York | Amy M. Griffin has served as a member of Bumble Inc.'s Board of Directors and the Nominating and Corporate Governance Committee since February 2021. She is also the Founder and Managing Partner of G9 Ventures and has held multiple board and trustee roles at organizations such as KIPP, The Boys’ Club of NYC, and The Metropolitan Museum of Art. | |
Ann Mather Board | Lead Director | Netflix, Inc.; Blend Labs, Inc.; Alphabet Inc.; Veem Inc.; Color Health, Inc.; Aible, Inc.; Independent trustee, Dodge & Cox Funds | Ann Mather is the Lead Director at Bumble Inc. since January 2024, following her tenure as Chair of the Board of Directors from March 2020 to December 2023. She has an extensive background in finance and corporate governance, having previously served as CFO at Pixar from September 1999 to April 2004 and held board roles at companies such as Netflix, Inc., Blend Labs, Inc., Alphabet Inc., and others. | |
Elisa A. Steele Board | Member of the Board of Directors | Board Member at Splunk Inc ; Board Member at Amplitude Inc ; Board Member at Procore Technologies ; Board Member at JFrog Ltd | Elisa A. Steele has been a key member of Bumble Inc.'s Board of Directors since July 2020. She serves on critical committees including Audit and Risk, the Compensation Committee as Chair, and the Nominating and Corporate Governance Committee, and she brings extensive leadership experience from her prior roles at companies such as Namely, Inc. and Jive Software, Inc. | |
Jonathan C. Korngold Board | Member of the Board of Directors and Compensation Committee | Senior Managing Director and Global Head of Blackstone’s Growth Equity Business | Jonathan C. Korngold has served as a member of Bumble Inc.'s Board of Directors and Compensation Committee since January 2020. He brings extensive experience from his role as Senior Managing Director and Global Head of Blackstone’s Growth Equity Business, along with his long career at General Atlantic and prior experience at Goldman Sachs. | |
Matthew S. Bromberg Board | Member of the Board of Directors | Senior Advisor at Blackstone | Matthew S. Bromberg has been serving as a board member at Bumble Inc. since July 2020. He brings extensive experience from prior executive roles at Zynga Inc. and holds ongoing external roles, such as serving as a Senior Advisor at Blackstone. | |
Pamela A. Thomas-Graham Board | Member of the Board of Directors | Founder and CEO of Dandelion Chandelier LLC; Board Member at Peloton Interactive Inc.; Board Member at Rivian Automotive, Inc.; Board Member at Bank of N.T. Butterfield & Son; Board Member at Compass, Inc. | Pamela A. Thomas-Graham has served as a Board Member at Bumble Inc. since August 2020. She is also the Founder and CEO of Dandelion Chandelier LLC (active since August 2016) and has held significant leadership roles at companies such as Credit Suisse, Angelo, Gordon & Co., and CNBC. | |
R. Lynn Atchison Board | Member of the Board of Directors and Chair of the Audit and Risk Committee | Director of Q2 Holdings, Inc.; Director of Absolute Software Corporation | R. Lynn Atchison serves as a board member and Chair of the Audit and Risk Committee at Bumble Inc. since October 2020. She has extensive financial leadership experience, having previously served as CFO at HomeAway (August 2006 to March 2016) and Spredfast (February 2017 to September 2018), among other roles. | |
Sissie L. Hsiao Board | Class II Director | Vice President and General Manager of Google Assistant and Bard at Google | Sissie L. Hsiao is a seasoned technology executive with extensive experience from her leadership roles at Microsoft and Google. She joined BMBL as a Class II Director in October 2023 to contribute her strategic expertise to the board. | |
Jennifer B. Morgan | CEO of UKG | Jennifer B. Morgan served as a Board Member at Bumble Inc. from February 2021 until her resignation on July 30, 2024, and she is currently serving as Chief Executive Officer of UKG. She has held multiple executive positions, including roles at SAP SE and Blackstone, and has participated in other boards such as Candle Media, National Academy Foundation, and Cvent Inc. |
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With the expected sequential decline of 100,000 to 120,000 paying users in Q1 due to ecosystem health initiatives, can you provide more specifics on how and when these initiatives will translate into reversing the paying user decline and driving user growth?
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Given that you're discontinuing Fruitz and Official, resulting in a $12 million revenue headwind for 2025, what is your detailed plan to offset this loss and how confident are you that focusing solely on Bumble and Badoo will generate sufficient growth?
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Your Q1 guidance shows adjusted EBITDA margins contracting to 25% due to revenue headwinds and increased investments in product and technology; can you elaborate on the nature of these investments and how they will directly contribute to revenue reacceleration and margin expansion in the future?
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The shift from providing annual guidance to quarterly guidance suggests uncertainty; what are the underlying factors contributing to this uncertainty, and how are you addressing potential risks to achieve your long-term growth objectives?
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There have been significant executive changes, including the return of Whitney Herd as CEO and ongoing searches for a new CFO; how does this leadership turnover affect your strategic priorities and execution, and what steps are being taken to ensure stability and continuity within the management team?
Competitors mentioned in the company's latest 10K filing.
| Company | Description |
|---|---|
Maintains a dating feature on its platform, which it has rolled out in North America, Europe, and other markets globally. Social media and mobile platform competitors could use strong or dominant positions in one or more markets and ready access to existing large pools of potential users and personal information regarding those users to gain competitive advantages. These may include offering different product features, services, or pricing models that users may prefer or offering their products and services to users at no charge, which may enable them to acquire and engage users at the expense of Bumble's user growth or engagement. |
Notable M&A activity and strategic investments in the past 3 years.
| Company | Year | Details |
|---|---|---|
Geneva Technologies, Inc. | 2024 | Completed acquisition where Bumble paid $17.5 million (net cash) with $17.2 million allocated to developed technology and $0.3 million to other assets; this asset acquisition under ASC 805 enhanced the Bumble For Friends experience by adding a social networking platform with intellectual property from a pre-revenue company. |
Newel Corporation (Official) | 2023 | Completed acquisition via a definitive agreement on April 26, 2023, for approximately $10.0 million in cash, which included $5.4 million in identifiable net assets and $4.6 million in goodwill, aimed at bolstering Bumble’s strategy to expand beyond dating into broader relationship-oriented services. |
Flashgap SAS (Fruitz) | 2022 | Completed acquisition with a total consideration of around $75.4 million (comprising $72.275 million in cash, structured with $70.0 million paid at closing, $5.0 million in escrow, plus a $3.1 million contingent earn-out liability and potential additional earn-out up to $10.0 million) to tap into the Gen Z market and expand Bumble's product offerings. |
Recent press releases and 8-K filings for BMBL.
- Q1 2025 Results: Total revenue was $247.1M (down 8% YoY) with GAAP net earnings of $19.8M (down 41%) and Adjusted EBITDA of $64.4M (down 13%)
- Q2 2025 Guidance: Forecasting revenue of $235–$243M and adjusted EBITDA between $79–$84M
- Bumble App Performance: App revenue reached $201.8M (down ~6%) with approximately 2.7M paying users and nearly 4.0M total paying users
- Strategic Initiatives: Focusing on a higher-quality member base by reducing performance marketing, intensifying bot/scam removal, and boosting matching algorithms using AI
- Cost Optimization: Targeting $15M in operating cost savings and a $20M reduction in marketing spend for Q2
- Capital Actions: Repurchased about $29M in shares