Bumble (BMBL) investor relations material

Executive summary

• Q2 2026 total revenue was $210.5 million, down 15.2% year-over-year, with both Bumble and Badoo apps seeing double-digit declines in revenue and paying users, partially offset by higher ARPPU and favorable FX rates.

• Net loss for Q2 2026 was $127.9 million (60.7% of revenue), including a $169.3 million impairment charge, a significant improvement from a $367.0 million net loss in Q2 2025.

• Adjusted EBITDA for Q2 2026 was $72.9 million (34.6% margin), down from $94.6 million (38.1% margin) in Q2 2025, representing a 23% year-over-year decline.

• Total paying users declined 16.4% year-over-year to 3.2 million, but ARPPU increased 1.2% to $21.96.

• Product innovation, technical transformation, and renewed brand marketing are central to the growth strategy, with a focus on Gen Z and group socializing features.

Financial highlights

• Q2 2026 revenue: $210.5 million (down 15.2% YoY); Bumble App revenue: $171.7 million (down 14.7% YoY); Badoo App and Other revenue: $38.8 million (down 17.1% YoY).

• Adjusted EBITDA: $72.9 million (34.6% margin), down from $94.6 million (38.1% margin) YoY.

• Free cash flow for the quarter was $51.1 million, with a conversion rate of 70.1%; cash and cash equivalents at quarter-end were $154 million.

• Net loss of $127.9 million includes a $169.3 million non-cash impairment charge; excluding this, positive net income was generated.

• Long-term debt at June 30, 2026 was $451 million.

Outlook and guidance

• Q3 2026 revenue is expected between $205 million and $213 million; Bumble App revenue projected at $167 million to $173 million.

• Adjusted EBITDA for Q3 2026 is projected at $56 million to $60 million (approx. 28% margin).

• Margins expected to normalize as investments in technology, talent, and marketing increase.

• Product enhancements and new interaction models to roll out in early 2027 following data migration completion.

• Management continues to focus on product innovation, technology modernization, and AI integration to improve member experience and drive long-term sustainable revenue.