Bumble Q3 2026 earnings review

Revenue fell 15.9% to $207.1M, inside the August guidance band.

Bumble Inc. (BMBL) · Q3 2026 · Published Nov 5, 2026 · By DeepCell AI · Sources

Bumble Q3 2026 earnings review

Quarter ended September 30, 2026

For information only, not investment advice. No rating or price target.

Built with DeepCell / deepcell.net

1 · Bumble (BMBL) Q3 2026 earnings review

Revenue fell 15.9% to $207.1M, inside the August guidance band

  1. 1.Total revenue was $207.1M, down 15.9% YoY, inside the August range of $205.0M to $213.0M
  2. 2.Total paying users fell 14.0% to 3,075.8 thousand
  3. 3.Adjusted EBITDA was $60.5M, above the August high of $60.0M
  4. 4.Diluted EPS was $0.20; net earnings fell to $31.6M
  5. 5.Shares closed at $6.00 on Nov 4 vs. the Ithaca deal price of $6.05; Nov 5 overnight was $5.99

Note: No Q3 press release or call. August guidance is from the Q2 Form 8-K Ex. 99.1. Overnight is not a close.Source: Bumble Form 10-Q, Nov 4, 2026; Q2 Form 8-K Ex. 99.1, Aug 5, 2026; Yahoo Finance, Nov 5, 2026 (overnight 2:11 AM EST / 2:11 PM ICT); analysis of company data

2

2 · Executive summary

Revenue of $207.1M sat inside the August band; Adjusted EBITDA cleared the high end

Q3 2026 results vs. August company guidance (Q2 Form 8-K)

MetricActualAugust guideVarianceResult
Total revenue vs. August range$207.1M$205.0M–$213.0M-$1.9M vs midIn range
Bumble App revenue vs. August range$167.3M$167.0M–$173.0MInside low endIn range
Adjusted EBITDA vs. August range$60.5M$56.0M–$60.0M+$0.5M vs highAbove

Share price vs. Ithaca $6.05 deal (Yahoo Finance)

MeasureNov 3 closeNov 4 closeNov 5 overnightVs. deal (Nov 4)
Bumble (Nasdaq)$5.98$6.00$5.99-$0.05 / -0.8%

Note: No third-party consensus is shown. Overnight is 2:11 AM EST (2:11 PM ICT), not a close. Deal price is from the Oct 12 merger agreement.Source: Bumble Form 10-Q, Nov 4, 2026; Q2 Form 8-K Ex. 99.1, Aug 5, 2026; Yahoo Finance, Nov 5, 2026 (overnight 2:11 AM EST / 2:11 PM ICT); analysis of company data

3

3 · Q3 results vs. August guidance

Revenue fell 15.9%, and net earnings fell 38.7% to $31.6M

  1. No earnings release or callThe company filed a Form 10-Q only, citing the pending Ithaca take-private.
  2. Adjusted EBITDA held a 29% marginAdjusted EBITDA was $60.5M, or 29.2% of revenue.
  3. Deal price anchors the stockClass A holders are to receive $6.05 in cash if the merger closes.

Key figures in $M and YoY % for Q3 2026 vs. Q3 2025

$M unless notedQ3 2025Q3 2026YoY
Total revenue$246.2M$207.1M(15.9%)
Adjusted EBITDA$83.1M$60.5M(27.1%)
Net earnings$51.6M$31.6M(38.7%)
Diluted EPS$0.33$0.20(39.4%)
Total paying users (thousands)3,574.93,075.8(14.0%)

Note: Adjusted EBITDA is the company non-GAAP measure. Paying users exclude Official, advertising and affiliates.Source: Bumble Form 10-Q, Nov 4, 2026; analysis of company data

4

4 · Q3 key financials

Bumble App revenue fell 15.8% to $167.3M

Revenue by app

$M unless noted, Q3 2025 vs. Q3 2026

AppQ3 2025Q3 2026YoY
Bumble App revenue$198.8M$167.3M(15.8%)
Badoo App and Other revenue$47.4M$39.8M(16.1%)
Total revenue$246.2M$207.1M(15.9%)
Bumble App paying users (thousands)2,344.11,990.5(15.1%)
Badoo App and Other paying users (thousands)1,230.81,085.3(11.8%)
Bumble App ARPPU was $28.02, down 0.9%No Q3 earnings call was held while the Ithaca take-private remains pending.

Note: ARPPU is average revenue per paying user. Metrics exclude Official, advertising and affiliates.Source: Bumble Form 10-Q, Nov 4, 2026; analysis of company data

5

5 · App revenue

6 · Revenue bridge

7 · Paying users

Net earnings fell to $31.6M from $51.6M as revenue and interest weighed

Net earnings bridge

$M, Q3 2025 to Q3 2026

$M · Q3 2025: $51.6M$M · Revenue: -$39.1M$M · Cost of revenue: $14.1M$M · S&M: -$5.2M$M · G&A: $27.0M$M · Product: -$6.9M$M · D&A: $0.9M$M · Interest: -$4.1M$M · Other: -$9.7M$M · Tax: $2.9M$M · Q3 2026: $31.6MQ3 2025RevenueCost ofrevenueS&MG&AProductD&AIntere…OtherTaxQ3 2026$0.0M$25.0M$50.0M$80.0M$51.6M-$39.1M$14.1M-$5.2M$27.0M-$6.9M$0.9M-$4.1M-$9.7M$2.9M$31.6M
G&A fell $27.0M, partly offsetting the revenue drop

Note: Cost bars flip the expense change so a cost cut shows as a positive step.Source: Bumble Form 10-Q, Nov 4, 2026; analysis of company data

8

8 · Net earnings bridge

9 · Margins

10 · Liquidity and FCF

Total ARPPU fell 2.2% to $22.14

ARPPU and geographic revenue

$ unless noted, Q3 2025 vs. Q3 2026

MetricQ3 2025Q3 2026YoY
Total ARPPU$22.64$22.14(2.2%)
Bumble App ARPPU$28.27$28.02(0.9%)
Badoo App and Other ARPPU$11.91$11.34(4.8%)
United States revenue ($M)$106.2M$85.2M(19.8%)
Rest of world revenue ($M)$139.9M$121.9M(12.9%)
Bumble App was 80.8% of total revenue; United States revenue fell 19.8%

Note: ARPPU is average revenue per paying user. ARPPU excludes advertising and affiliates revenue from the denominator metrics as defined by the company.Source: Bumble Form 10-Q, Nov 4, 2026; analysis of company data

11

11 · ARPPU and geography

12 · Balance sheet and debt

Ithaca agreed to pay $6.05 per Class A share in an about 1.3 billion all-cash deal

Take-private status

As disclosed in the 10-Q and Oct 12/13 merger materials

ItemDetail
BuyerIthaca Holdco, Inc.
Consideration$6.05 per Class A share in cash
Transaction valueAbout 1.3 billion
ApprovalsBoard and stockholder approval obtained; regulatory approvals pending
Q3 disclosure formatForm 10-Q only; no earnings release or conference call
Nov 4 close of $6.00 was -$0.05 vs. the deal price

Note: Completion remains subject to customary closing conditions, including regulatory approvals. No new Q3 or FY guidance was issued in the 10-Q.Source: Bumble Form 10-Q, Nov 4, 2026; analysis of company data

13

13 · Pending merger

Total paying users fell 14.0%, and interest expense rose 38.3%

Indicator
What to watch
Implication
Q3 reading
Paying users
Further base contraction
Lower revenue
Total paying users 3,075.8k
Deal timing
Regulatory clearance
Spread to $6.05
Nov 4 close $6.00
Debt cost
11.69% term loan
Higher interest
Interest expense $14.7M
ARPPU
Pricing power
Total ARPPU $22.14
ARPPU YoY -2.2%

Note: ARPPU is average revenue per paying user. These are analytical watch points, not company targets.Source: Bumble Form 10-Q, Nov 4, 2026; analysis of company data

14

14 · Key risks

15 · Appendix: App detail

Appendix: GAAP-to-Adjusted EBITDA

ClaimEvidenceCalculation
Start from net earningsQ3 net earnings $31.6MNon-GAAP table
SBC and interestSBC $13.4M; interest $14.7MNon-GAAP table
Insurance creditLitigation costs, net ($12.5M)Non-GAAP table
Adjusted EBITDA$60.5M, margin 29.2%Non-GAAP table

SBC is stock-based compensation. Source: Bumble Form 10-Q, Nov 4, 2026; analysis of company data

16

16 · Appendix: Non-GAAP items

Appendix: nine months ended Sep 30

ClaimEvidenceCalculation
Nine-month revenue$630.0M vs. $741.5M in 202510-Q overview
Nine-month net loss($43.6M), including $169.3M impairment10-Q overview
Operating cash flow$186.9MCash flow statement
Free cash flow$178.0M; conversion 82.4%Non-GAAP table

Source: Bumble Form 10-Q, Nov 4, 2026; analysis of company data

17

17 · Appendix: Nine-month view

Appendix: Ithaca take-private

ClaimEvidenceCalculation
All-cash consideration$6.05 per Class A shareNote 14 / merger 8-K
Equity valueAbout 1.3 billionNote 14 / merger 8-K
ApprovalsStockholder approval obtained; regulatory approvals pendingNote 14
Q3 format10-Q only; no release or callCompany practice while deal pending

Source: Bumble Form 10-Q, Nov 4, 2026; analysis of company data

18

18 · Appendix: Merger context

Appendix: expense and non-GAAP detail

Operating expenses, $M and YoY %

$M unless notedQ3 2025Q3 2026YoY
Cost of revenue$69.2M$55.1M(20.3%)
Selling and marketing$32.8M$38.0M15.9%
General and administrative$46.3M$19.2M(58.4%)
Product development$29.6M$36.5M23.2%
Interest expense, net$10.6M$14.7M38.3%

Adjusted EBITDA build, $M

$M unless notedQ3 2025Q3 2026YoY
Net earnings$51.6M$31.6M(38.7%)
Stock-based compensation$11.6M$13.4Mn.m.
Litigation costs, net$2.9M($12.5M)n.m.
Adjusted EBITDA$83.1M$60.5M(27.1%)

Note: Adjusted EBITDA excludes tax, interest, D&A, SBC, litigation, FX, restructuring, transaction costs and other items per the company definition.Source: Bumble Form 10-Q, Nov 4, 2026; analysis of company data

19

19 · Appendix: Costs and non-GAAP

Appendix: sources

  • Filing: Bumble Inc. Form 10-Q, quarter ended Sep 30, 2026, filed Nov 4, 2026, 4:06 PM EST — https://www.sec.gov/Archives/edgar/data/1830043/000183004326000123/0001830043-26-000123-index.htm
  • 10-Q HTML — https://www.sec.gov/Archives/edgar/data/1830043/000183004326000123/bmbl-20260930.htm
  • August Q3 2026 guidance: Q2 2026 earnings release, Form 8-K Ex. 99.1, Aug 5, 2026 — https://www.sec.gov/Archives/edgar/data/1830043/000183004326000099/bmbl-ex991prxq22026.htm
  • Q2 IR news page — https://ir.bumble.com/news/news-details/2026/Bumble-Inc--Announces-Second-Quarter-2026-Results/default.aspx
  • Ithaca merger announcement, Ex. 99.1 to Form 8-K, Oct 12/13, 2026 — https://www.sec.gov/Archives/edgar/data/1830043/000095010326015480/dp254907_ex9901.htm
  • Share price: Yahoo Finance BMBL, Nov 3 and Nov 4 closes; Nov 5 overnight 2:11 AM EST (2:11 PM ICT), not a close — https://finance.yahoo.com/quote/BMBL/
  • No Q3 earnings 8-K was filed; EDGAR shows no Item 2.02 8-K after Aug 5, 2026. Third-party consensus omitted (not confirmed).

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20

20 · Sources

Important disclosures and disclaimer

For information only. This presentation is provided for information only. It is not investment, legal, tax or accounting advice, and it is not an offer, or a solicitation of an offer, to buy or sell any security.

No recommendation. It carries no rating, price target or buy, sell or hold view, and it was prepared without regard to any reader's investment objectives, financial situation or needs.

Sources and accuracy. Company figures come from Bumble Inc.'s Form 10-Q filed November 4, 2026, and the August 5, 2026 Q2 earnings release for prior guidance. Merger terms come from the company's October merger materials. Share prices are Yahoo Finance data, credited on the sources page. We have not independently verified third-party data and make no warranty that any information here is accurate, complete or timely.

Forward-looking statements. Company plans, the pending merger and the watch items in this deck are forward-looking. They rest on assumptions that may prove wrong, and actual results may differ materially. The merger remains subject to regulatory and other closing conditions.

Past performance. Past results, including those for Q3 2026, are not a reliable indicator of future results.

Non-GAAP measures. Adjusted EBITDA, Adjusted EBITDA margin, free cash flow and free cash flow conversion follow Bumble's own definitions. They supplement, and do not replace, GAAP results, and they may not be comparable with other companies' measures. The Form 10-Q reconciles them to GAAP.

No liability. No liability is accepted for any direct or indirect loss arising from the use of this presentation or its contents.

No affiliation. This presentation is not affiliated with, reviewed or endorsed by Bumble Inc. or Ithaca Holdco, Inc. and does not represent their views. Company and brand names belong to their owners.

How it was made. The deck was built with DeepCell, with figures linked to a model in the file. Readers should check the figures against the original filings and consult a qualified professional adviser before making any investment decision.

Date of analysis. The analysis reflects information available as of November 5, 2026, about 9:30 AM US Eastern time, with share prices through the Nov 5 overnight session. It will not be updated for later events, and views may change without notice.

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21

21 · Disclosures

Sources

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