Bumble (BMBL) Q4 2024 earnings summary

Executive summary

• Q4 2024 revenue and Adjusted EBITDA reached the high end of guidance, with Bumble app revenue outperforming expectations.

• Total revenue for 2024 increased 1.9% year-over-year to $1,071.6 million, with Bumble App revenue up 2.5% to $866.3 million.

• Free cash flow for the year was $114 million, and the company operated with strong financial discipline.

• Strategic focus centered on ecosystem health, innovation, and revenue strategy, including removing bad actors and enhancing user safety.

• Leadership transition announced, with founder Whitney Wolfe Herd returning as CEO.

Financial highlights

• Q4 total revenue was $262 million, with a 5% increase in paying users to 4.2 million, but ARPPU declined 9% to $20.58.

• Q4 2024 operating earnings reached $37.0 million, up from a loss of $(6.9)M in Q4 2023.

• Adjusted EBITDA for Q4 2024 was $72.5 million (27.7% margin), nearly flat year-over-year.

• Ended 2024 with $204 million in cash and equivalents; total debt was $617.1 million.

• Share repurchases totaled $214 million in 2024; $65 million remaining in buyback program.

Outlook and guidance

• Q1 2025 revenue expected between $242–$248 million; Bumble app Q1 revenue expected between $198–$202 million.

• Q1 Adjusted EBITDA guidance is $60–$63 million (25% margin midpoint); full-year margin contraction expected due to investments and revenue headwinds.

• Sequential decline in paying users of 100,000–120,000 expected in Q1.

• Discontinuation of Fruitz and Official to result in a $12 million revenue headwind for 2025.

• Fruitz and Official apps to be discontinued in the first half of 2025 as part of strategic priorities.