Bumble (BMBL) Q1 2025 earnings summary

Executive summary

• Q1 2025 total revenue was $247.1 million, down 7.7%–8% year-over-year, with Bumble App revenue at $201.8 million, down 6%–6.5% year-over-year.

• Net earnings for Q1 2025 were $19.8 million (8.0% margin), a 41% decrease compared to Q1 2024.

• Adjusted EBITDA was $64.4 million (26.1% margin), down from $74.0 million (27.6% margin) in Q1 2024.

• Leadership is prioritizing quality, member experience, and operational efficiency, with new hires and a search for a permanent CFO underway.

• Strategic reset includes removing bots, modernizing algorithms with AI, and reducing performance marketing.

Financial highlights

• Total paying users were 4.0 million, flat year-over-year; Bumble App paying users were 2.7 million, down 1%.

• Total ARPPU was $20.24, down 7% year-over-year; Bumble App ARPPU declined 5.7%–6% to $24.84.

• Operating cash flow was $43.2 million, up from $2.4 million in Q1 2024; free cash flow was $40.8 million.

• Cash and cash equivalents stood at $202.2 million at quarter-end; total debt was $616.1 million.

• Share repurchases totaled $28.7 million in Q1; $50.1 million remains authorized.

Outlook and guidance

• Q2 2025 revenue guidance: $235–$243 million; Bumble App revenue expected at $193–$199 million.

• Adjusted EBITDA for Q2 projected at $79–$84 million (approx. 34% margin).

• Short-term headwinds expected for revenue and user metrics as quality initiatives are implemented.

• Discontinuation of Fruitz and Official apps to complete in H1 2025, with $1.4 million in additional restructuring costs.

• Sufficient liquidity is expected for the next twelve months.