Bumble Results Presentation Deck
Reconciliation of Net Earnings (Loss) to Adjusted EBITDA
IN MILLIONS, EXCEPT PERCENTAGES
Net earnings (loss)
Add back:
Income tax (benefit) provision¹
Interest (income) expense
Depreciation and amortization
Stock-based compensation expense
Employer costs related to stock-based compensation²
Litigation costs, net of insurance reimbursements³
Foreign exchange (gain) loss4
Changes in fair value of interest rate swaps5
Transaction and other costs6
Changes in fair value of contingent earn-out liability
Changes in fair value of external investments
Tax receivable agreement liability remeasurement benefit7
Q1 2021
$323.4
(436.6)
7.7
27.0
45.8
0.2
(3.8)
(2.9)
13.5
72.0
(0.2)
$46.1
27.0%
8. Represents impairment loss on white label contracts.
9. The sum of individual metrics may not always equal total amounts indicated due to rounding.
Q2 2021
$(11.1)
0.5
5.9
26.9
29.9
1.5
(4.8)
0.2
2.5
0.5
(0.1)
Q3 2021
$(10.7)
$51.9
27.9%
0.3
6.0
27.0
23.8
2.4
2.0
(2.0)
0.0
2.2
5.2
(0.0)
(1.7)
Q4 2021
$(14.7)
$54.5
27.2%
(0.2)
6.0
26.2
24.4
3.1
6.2
(3.8)
0.9
(21.8)
(0.8)
2.8
Impairment Loss8
ADJUSTED EBITDA⁹
Adjusted EBITDA margin
1. Amount for Q1 2021 includes a $441.5 million tax benefit related to the reversal of a deferred tax liability due to a restructuring of the Company's international operations.
2. Represents employer portion of Social Security and Medicare payroll taxes domestically, National Insurance contributions in the United Kingdom and comparable costs internationally related to the settlement of equity awards.
3. Represents certain litigation costs, net of insurance reimbursements associated with pending litigations or settlements of litigation.
4. Represents foreign exchange (gain) loss due to foreign currency transactions.
Q1 2022
26.4
$54.8
26.3%
$23.9
2.4
5.9
26.9
17.6
1.1
2.8
(2.4)
(10.8)
3.1
(20.7)
$49.8
23.6%
5. Represents fair value (gain) loss on interest rate swaps.
6. Represents transaction costs related to acquisitions and our offerings (IPO, the Reorganization and the secondary offering) such as legal, accounting, advisory fees and other related costs. Amount for Q1 2022 also includes
employee-related restructuring costs directly associated with our decision to discontinue our operations in Russia including severance benefits, relocation and advisory fees.
7. Represents changes in tax receivable agreement liability due to tax rate changes and unrelated to exchanges of Common Units for Class A shares.
Q1'22 EARNINGS
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