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BMBL Bumble

Bumble Inc. is the parent company of Badoo and Bumble, two of the world’s highest-grossing dating apps with millions of users worldwide. The Bumble platform enables people to connect and build equitable and healthy relationships. Founded by CEO Whitney Wolfe Herd in 2014, the Bumble app is one of the first dating apps built with women at the center, and the Badoo app, which was founded in 2006, is one of the pioneers of web and mobile dating products. Bumble currently employs over 600 people in offices in Austin, Barcelona, London, and Moscow.

Company profile

Ticker
BMBL
Exchange
Website
Employees
Location
Fiscal year end
SEC CIK
Subsidiaries
AMI Holdings Limited • Badoo App Limited • Badoo Holding Limited • Badoo International Limited • Badoo Limited • Badoo Media Ltd • Badoo PartnerCo LLC • Badoo Software Ltd • Badoo Technologies Ltd • Badoo Trading Limited ...
IRS number
853604367

BMBL stock data

(
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Calendar

13 Aug 21
25 Oct 21
31 Dec 21
Quarter (USD)
Jun 21 Mar 21 Dec 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD)
Dec 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from Bumble earnings reports.

Cash burn rate (estimated) Burn method: Change in cash Burn method: Operating income/loss Burn method: FCF (opex + capex)
Cash on hand (at last report) 252.02M 252.02M 252.02M
Cash burn (monthly) (positive/no burn) 3.56M (positive/no burn)
Cash used (since last report) n/a 13.76M n/a
Cash remaining n/a 238.27M n/a
Runway (months of cash) n/a 66.9 n/a

Beta Read what these cash burn values mean

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Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
15 Sep 21 BX Buzz ML-1 GP Class A Common Stock Sell Dispose S Yes No 52.38 17,879 936.5K 0
15 Sep 21 BX Buzz ML-1 GP Class A Common Stock Conversion Acquire C Yes No 0 17,879 0 17,879
15 Sep 21 BX Buzz ML-1 GP Class A Common Stock Sell Dispose S Yes No 52.38 81,871 4.29M 0
15 Sep 21 BX Buzz ML-1 GP Class A Common Stock Conversion Acquire C Yes No 0 81,871 0 81,871
15 Sep 21 BX Buzz ML-1 GP Class A Common Stock Sell Dispose S Yes No 52.38 9,077,161 475.46M 18,357
15 Sep 21 BX Buzz ML-1 GP Class A Common Stock Conversion Acquire C Yes No 0 9,072,260 0 9,095,518
15 Sep 21 BX Buzz ML-1 GP Class A Common Stock Sell Dispose S Yes No 52.38 2,992,267 156.73M 11,208,342
15 Sep 21 BX Buzz ML-1 GP Class A Common Stock Sell Dispose S Yes No 52.38 1,121,365 58.74M 4,200,373
15 Sep 21 BX Buzz ML-1 GP Class A Common Stock Sell Dispose S Yes No 52.38 6,907,443 361.81M 25,873,691
15 Sep 21 BX Buzz ML-1 GP Class A Common Stock Sell Dispose S Yes No 52.38 502,014 26.3M 1,880,429

Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.

13F holders
Current Prev Q Change
Total holders 197 193 +2.1%
Opened positions 64 191 -66.5%
Closed positions 60 0 NEW
Increased positions 54 0 NEW
Reduced positions 38 0 NEW
13F shares
Current Prev Q Change
Total value 8.24B 18.53B -55.5%
Total shares 237.55M 265.15M -10.4%
Total puts 984.8K 1.03M -4.0%
Total calls 1.56M 1.23M +26.8%
Total put/call ratio 0.6 0.8 -24.2%
Largest owners
Shares Value Change
Blackstone Holdings III 98.24M $0 0.0%
BX Blackstone 54.71M $3.15B -36.2%
Whitney Wolfe Herd 24.23M $1.52B 0.0%
JPM JPMorgan Chase & Co. 5.47M $315.03M +311.5%
Capital World Investors 5.35M $308.38M -6.0%
Accel Growth Fund V Associates L.L.C. 5.05M $291.14M 0.0%
Vanguard 4.67M $268.97M -0.1%
FMR 3.68M $212.1M -5.9%
Massachusetts Financial Services 3.46M $199.52M -1.2%
Lord, Abbett & Co. 2.11M $121.62M +192.9%
Largest transactions
Shares Bought/sold Change
BX Blackstone 54.71M -31.11M -36.2%
JPM JPMorgan Chase & Co. 5.47M +4.14M +311.5%
Winslow Capital Management 0 -2.36M EXIT
Lord, Abbett & Co. 2.11M +1.39M +192.9%
WFC Wells Fargo & Co. 2.05M +1.35M +196.1%
First Trust Advisors 1.47M +1.29M +682.0%
Viking Global Investors 0 -1.12M EXIT
Eagle Asset Management 1.05M +1.05M NEW
Wellington Management 386.69K -1.05M -73.1%
Citadel Advisors 722.76K -1M -58.1%

Financial report summary

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Risks
  • If we fail to retain existing users or add new users, or if our users decrease their level of engagement with our products or do not convert to paying users, our revenue, financial results and business may be significantly harmed.
  • The dating industry is highly competitive, with low switching costs and a consistent stream of new products and entrants, and innovation by our competitors may disrupt our business.
  • Access to our products depends on mobile app stores and other third parties such as data center service providers, as well as third party payment aggregators, computer systems, internet transit providers and other communications systems and service providers. If third parties such as the Apple App Store or Google Play Store adopt and enforce policies that limit, prohibit or eliminate our ability to distribute or update our applications through their stores, it could materially adversely affect our business, financial condition and results of operations.
  • If we are not able to maintain the value and reputation of our brands, our ability to expand our base of users may be impaired, and our business and financial results may be harmed.
  • Changes to our existing brands and products, or the introduction of new brands or products, could fail to attract or retain users or generate revenue and profits.
  • We have grown rapidly in recent years and have limited operating experience at our current scale of operations. If we are unable to manage our growth effectively, our brand, company culture and financial performance may suffer.
  • We operate in various international markets, including certain markets in which we have limited experience. As a result, we face additional risks in connection with certain of our international operations.
  • Our growth and profitability rely, in part, on our ability to attract and retain users through cost-effective marketing efforts, including through our social media presence and use of sponsorships, brand ambassadors, spokespersons and social media influencers. Any failure in these efforts could materially adversely affect our business, financial condition and results of operations.
  • We are subject to certain risks as a mission-based company.
  • Our costs are continuing to grow, and some of our investments have the effect of reducing our operating margin and profitability. If our investments are not successful, our business and financial performance could be harmed.
  • Our future success depends on the continuing efforts of our key employees and our ability to attract and retain highly skilled personnel and senior management.
  • We may enter into “white label” or licensing agreements in collaboration with third parties that may take actions outside of our control that harm our brand.
  • Inappropriate actions by certain of our users could be attributed to us and damage our brands’ reputations, which in turn could materially adversely affect our business.
  • Unfavorable media coverage could materially adversely affect our business, brand image or reputation.
  • Our employees could engage in misconduct that materially adversely affects us.
  • Our user metrics and other estimates are subject to inherent challenges in measurement, and real or perceived inaccuracies in those metrics may seriously harm and negatively affect our reputation and our business.
  • Security breaches, improper access to or disclosure of our data or user data, other hacking and phishing attacks on our systems, or other cyber incidents could compromise sensitive information related to our business and/or personal data processed by us or on our behalf and expose us to liability, which could harm our reputation and materially adversely affect our business.
  • If the security of personal and confidential or sensitive user information that we maintain and store is breached, or otherwise accessed by unauthorized persons, it may be costly to remediate such breach and our reputation could be harmed.
  • We are subject to a number of risks related to credit card payments, including data security breaches and fraud that we or third parties experience or additional regulation, any of which could materially adversely affect our business, financial condition and results of operations.
  • Our success depends, in part, on the integrity of third-party systems and infrastructures and on continued and unimpeded access to our products and services on the internet.
  • Our success depends, in part, on the integrity of our information technology systems and infrastructures and on our ability to enhance, expand and adapt these systems and infrastructures in a timely and cost-effective manner.
  • From time to time, we are party to intellectual property-related litigations and proceedings that are expensive and time consuming to defend, and, if resolved adversely, could materially adversely impact our business, financial condition and results of operations.
  • We may fail to adequately obtain, protect and maintain our intellectual property rights or prevent third parties from making unauthorized use of such rights.
  • Our use of “open source” software could subject our proprietary software to general release, adversely affect our ability to sell our products and services and subject us to possible litigation.
  • Our success depends, in part, on our ability to access, collect, and use personal data about our users and payers, and to comply with applicable data privacy laws.
  • Our business is subject to complex and evolving U.S. and international laws and regulations. Many of these laws and regulations are subject to change and uncertain interpretation, and could result in claims, changes to our business practices, monetary penalties, increased cost of operations, or declines in user growth or engagement, or otherwise harm our business.
  • The varying and rapidly-evolving regulatory framework on privacy and data protection across jurisdictions could result in claims, changes to our business practices, monetary penalties, increased cost of operations, or declines in user growth or engagement, or otherwise harm our business.
  • We are subject to litigation and adverse outcomes in such litigation could have a material adverse effect on our financial condition.
  • Online applications are subject to various laws and regulations relating to children’s privacy and protection, which if violated, could subject us to an increased risk of litigation and regulatory actions.
  • We are subject to taxation related risks in multiple jurisdictions.
  • Action by governments to restrict access to Bumble in their countries could substantially harm our business and financial results.
  • Legal, political and economic uncertainty surrounding the exit of the United Kingdom from the European Union, or Brexit, and the implementation of the trade and cooperation agreement between the United Kingdom and the European Union could have a material adverse effect on our business.
  • Our substantial indebtedness could materially adversely affect our financial condition, our ability to raise additional capital to fund our operations, our ability to operate our business, our ability to react to changes in the economy or our industry, our ability to meet our obligations under our outstanding indebtedness and could divert our cash flow from operations for debt payments.
  • Certain of our debt agreements impose significant operating and financial restrictions on us and our subsidiaries, which may prevent us from capitalizing on business opportunities.
  • Bumble Inc. is a holding company and its only material asset is its interest in Bumble Holdings, and it is accordingly dependent upon distributions from Bumble Holdings to pay taxes, make payments under the tax receivable agreement and pay dividends.
  • In certain cases, payments under the tax receivable agreement may be accelerated and/or significantly exceed the actual benefits Bumble Inc. realizes in respect of the tax attributes subject to the tax receivable agreement.
  • The acceleration of payments under the tax receivable agreement in the case of certain changes of control may impair our ability to consummate change of control transactions or negatively impact the value received by owners of our Class A common stock.
  • Our Principal Stockholders control us and their interests may conflict with ours or yours in the future.
  • We are a “controlled company” within the meaning of Nasdaq rules and, as a result, we qualify for exemptions from certain corporate governance requirements. If we rely on such exemptions in the future, you will not have the same protections afforded to stockholders of companies that are subject to such requirements.
  • We are an “emerging growth company,” and we cannot be certain if the reduced reporting requirements applicable to emerging growth companies will make our common stock less attractive to investors.
  • We will incur increased costs and have become subject to additional regulations and requirements as a result of becoming a public company, which could lower our profits, make it more difficult to run our business or divert management’s attention from our business.
  • We have identified a material weakness in our internal control over financial reporting. If our remediation of the material weakness is not effective, or we fail to develop and maintain effective internal control over financial reporting, our ability to produce timely and accurate financial statements or comply with applicable laws and regulations could be impaired.
  • We cannot predict the impact our dual class structure may have on the market price of our Class A common stock.
  • The outsized voting rights of our Principal Stockholders have the effect of concentrating voting control with our Principal Stockholders, limit or preclude your ability to influence corporate matters and may have a potential adverse effect on the price of our Class A common stock.
  • You may be diluted by the future issuance of additional Class A common stock or Common Units in connection with our incentive plans, acquisitions or otherwise.
  • We may issue preferred stock whose terms could materially adversely affect the voting power or value of our Class A common stock.
  • If we or our pre-IPO owners sell additional shares of our Class A common stock or are perceived by the public markets as intending to sell them, the market price of our Class A common stock could decline.
  • Anti-takeover provisions in our organizational documents and Delaware law might discourage or delay acquisition attempts for us that you might consider favorable.
  • Our amended and restated certificate of incorporation designates the Court of Chancery of the State of Delaware or the federal district courts of the United States of America, as applicable, as the sole and exclusive forum for certain types of actions and proceedings that may be initiated by our stockholders, which could limit our stockholders’ ability to obtain a favorable judicial forum for disputes with the Company or the Company’s directors, officers or other employees.
  • We have a limited operating history and, as a result, our past results may not be indicative of future operating performance.
  • Our quarterly operating results and other operating metrics may fluctuate from quarter to quarter, which makes these metrics difficult to predict.
  • If securities or industry analysts do not publish research or reports about our business, or if they downgrade their recommendations regarding our Class A common stock, our stock price and trading volume could decline.
  • The market price of shares of our Class A common stock may be volatile or may decline regardless of our operating performance, which could cause the value of your investment to decline.
  • An economic downturn or economic uncertainty may adversely affect consumer discretionary spending and demand for our products and services.
  • Foreign currency exchange rate fluctuations could materially adversely affect our results of operations.
  • We may experience operational and financial risks in connection with acquisitions.
Management Discussion
  • Revenue was $542.2 million for the period from January 29, 2020 to December 31, 2020, $40.0 million for the period from January 1, 2020 to January 28, 2020, and $488.9 million for the year ended December 31, 2019. Revenue in the period from January 29, 2020 to December 31, 2020 was impacted by a reduction in deferred revenue of $15.0 million recorded in purchase accounting.
  • Bumble App Revenue was $337.2 million for the period from January 29, 2020 to December 31, 2020, $23.3 million for the period from January 1, 2020 to January 28, 2020, and $275.5 million for the year ended December 31, 2019. This change was primarily driven by a 33.5% increase in the number of Bumble App Paying Users to 1.1 million.
  • Badoo App and Other Revenue was $205.0 million for the period from January 29, 2020 to December 31, 2020, $16.7 million for the period from January 1, 2020 to January 28, 2020, and $213.4 million for the year ended December 31, 2019. This change was primarily driven by a 14.1% increase in the number of Badoo App and Other Paying Users to 1.4 million for the year ended December 31, 2020.
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