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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM 10-Q
(Mark One)
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QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 |
For the quarterly period ended September 30, 2021
OR
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TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 |
For the transition period from __________ to __________
Commission File Number: 001-40054
Bumble Inc.
(Exact Name of Registrant as Specified in its Charter)
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Delaware |
85-3604367 |
(State or other jurisdiction of incorporation or organization) |
(I.R.S. Employer
Identification No.) |
1105 West 41st Street Austin, Texas |
78756 |
(Address of principal executive offices) |
(Zip Code) |
Registrant’s telephone number, including area code: (512) 696-1409
Securities registered pursuant to Section 12(b) of the Act:
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Title of each class |
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Class A common stock, par value $0.01 per share |
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BMBL |
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The Nasdaq Stock Market LLC |
Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes ☒ No ☐
Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes ☒ No ☐
Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act.
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Large accelerated filer |
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Accelerated filer |
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Non-accelerated filer |
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Smaller reporting company |
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Emerging growth company |
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If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes ☐ No ☒
As of October 29, 2021, Bumble Inc. had 129,241,580 shares of Class A common stock, par value $0.01 per share, outstanding and 20 shares of Class B common stock, par value $0.01 per share, outstanding.
SPECIAL NOTE REGARDING Forward-Looking Statements
This Quarterly Report on Form 10-Q, or this Quarterly Report, contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements reflect the current views of management of Bumble Inc. with respect to, among other things, its operations, its financial performance, its industry and the impact of the Coronavirus Disease 2019 (“COVID-19”) on its business. Forward-looking statements include all statements that are not historical facts. In some cases, you can identify these forward-looking statements by the use of words such as “outlook,” “believe(s),” “expect(s),” “potential,” “continue(s),” “may,” “will,” “should,” “could,” “would,” “seek(s),” “predict(s),” “intend(s),” “trends,” “plan(s),” “estimate(s),” “anticipates,” “projection,” “will likely result” and or the negative version of these words or other comparable words of a future or forward-looking nature. Such forward-looking statements are subject to various risks and uncertainties. Accordingly, there are or will be important factors that could cause actual outcomes or results to differ materially from those indicated in these statements. These factors include, but are not limited to, the following:
our ability to retain existing users or attract new users and to convert users to paying users
competition and changes in the competitive landscape of our market
our ability to distribute our dating products through third parties, such as Apple App Store or Google Play Store, and offset related fees
the impact of data security breaches or cyber attacks on our systems and the costs of remediation related to any such incidents
the continued development and upgrading of our technology platform and our ability to adapt to rapid technological developments and changes in a timely and cost-effective manner
our ability to obtain, maintain, protect and enforce intellectual property rights and successfully defend against claims of infringement, misappropriation or other violations of third-party intellectual property
our ability to comply with complex and evolving U.S. and international laws and regulations relating to our business, including data privacy laws
foreign currency exchange rate fluctuations
risks relating to certain of our international operations, including successful expansion into new markets
control of us by Blackstone (as defined below) and our Founder
the outsized voting rights of Blackstone (as defined below) and our Founder
the inability to attract hire and retain a highly qualified and diverse workforce, or maintain our corporate culture
changes in business or macroeconomic conditions, including the impact of COVID-19 (and other widespread health emergencies or pandemics) and measures taken in response, lower consumer confidence in our business or in the online dating industry generally, recessionary conditions, increased unemployment rates, stagnant or declining wages, political unrest, armed conflicts or natural disasters
For more information regarding these and other risks and uncertainties that we face, see Part I, “Item 1A—Risk Factors” of our Annual Report on Form 10-K for the year ended December 31, 2020. These factors should not be construed as exhaustive and we caution you that the important factors referenced above may not contain all of the factors that are important to you. Bumble Inc. undertakes no obligation to publicly update or review any forward-looking statements, whether as a result of new information, future developments or otherwise, except as required by law.
Website and Social Media Disclosure
We use our websites (www.bumble.com and ir.bumble.com) and at times our corporate Twitter account (@bumble) to distribute company information. The information we post through these channels may be deemed material. Accordingly, investors should monitor these channels, in addition to following our press releases, filings with the Securities and Exchange Commission (“SEC”) and public conference calls and webcasts. In addition, you may automatically receive e-mail alerts and other information about Bumble when you enroll your e-mail address by visiting the “E-mail Alerts” section of our website at ir.bumble.com. The contents of our website and social media channels are not, however, a part of this Quarterly Report on Form 10-Q.
1
Certain Definitions
As used in this Quarterly Report, unless otherwise noted or the context requires otherwise:
“Badoo App and Other Average Revenue per Paying User” is a metric calculated based on Badoo App and Other Revenue in any measurement period, excluding any revenue generated from advertising and partnerships or affiliates, divided by Badoo App and Other Paying Users in such period divided by the number of months in the period.
a “Badoo App and Other Paying User” is a user that has purchased or renewed a subscription plan and/or made an in-app purchase on the Badoo app in a given month (or made a purchase on one of our other apps that we owned and operated in a given month, or purchase on other third-party apps that used our technology in the relevant period). We calculate Badoo App and Other Paying Users as a monthly average, by counting the number of Badoo App and Other Paying Users in each month and then dividing by the number of months in the relevant measurement period.
“Badoo App and Other Revenue” is revenue derived from purchases or renewals of a Badoo subscription plan and/or in-app purchases on the Badoo app in the relevant period, purchases on one of our other apps that we owned and operated in the relevant period, purchases on other third party apps that used our technology in the relevant period and advertising, partnerships or affiliates revenue in the relevant period.
“Blocker Companies” refer to certain entities that are taxable as corporations for U.S. federal income tax purposes in which the Pre-IPO Shareholders held interests.
“Blocker Restructuring” refers to certain restructuring transactions that resulted in the acquisition by Pre-IPO Shareholders of shares of Class A common stock in exchange for their ownership interests in the Blocker Companies and Bumble Inc. acquiring an equal number of outstanding Common Units.
“Bumble,” the “Company,” “we,” “us” and “our” refer to Bumble Inc. and its consolidated subsidiaries.
“Bumble App Average Revenue per Paying User” is a metric calculated based on Bumble App Revenue in any measurement period, divided by Bumble App Paying Users in such period divided by the number of months in the period.
a “Bumble App Paying User” is a user that has purchased or renewed a Bumble subscription plan and/or made an in-app purchase on the Bumble app in a given month. We calculate Bumble App Paying Users as a monthly average, by counting the number of Bumble App Paying Users in each month and then dividing by the number of months in the relevant measurement period.
"Bumble App Revenue” is revenue derived from purchases or renewals of a Bumble subscription plan and/or in-app purchases on the Bumble app in the relevant period.
“Bumble Holdings” refers to Buzz Holdings L.P., a Delaware limited partnership.
“Blackstone” or “our Sponsor” refer to investment funds associated with Blackstone Inc.
“Class B Units” refers to the interests in Bumble Holdings called “Class B Units,” including the Class B units held by Buzz Management Aggregator L.P., that were outstanding prior to the Reclassification.
“Common Units” refers to the new class of units of Bumble Holdings created by the Reclassification and does not include Incentive Units.
“Founder” refers to Whitney Wolfe Herd, the founder of Bumble, our Chief Executive Officer and member of our board of directors, together with entities beneficially owned by her.
“Incentive Units” refers to the new class of units of Bumble Holdings created by the reclassification of the Class B Units in the Reclassification. The Incentive Units are “profit interests” having economic characteristics similar to stock appreciation rights and having the right to share in any equity value of Bumble Holdings above specified participation thresholds. Vested Incentive Units may be converted to Common Units and be subsequently exchanged for shares of Class A common stock.
“IPO” refers to the initial public offering.
“Offering Transactions” refers to the offering of Class A common stock in the IPO and certain related transactions, as defined in “Item 2―Management’s Discussion and Analysis of Financial Condition and Results of Operations―2021 Developments―Initial Public Offering and Offering Transactions”.
“Pre-IPO Common Unitholders” refer to pre-IPO owners that hold Common Units following the Reclassification.
2
“pre-IPO owners” refer to our Founder, our Sponsor, an affiliate of Accel Partners LP and management and other equity holders who are the owners of Bumble Holdings immediately prior to the Offering Transactions.
“Pre-IPO Shareholders” refer to pre-IPO owners that received shares of Class A common stock of Bumble Inc. pursuant to the Blocker Restructuring.
“Principal Stockholders” refers collectively to our Founder and our Sponsor.
“Reclassification” refers to the reclassification of the limited partnership interests of Bumble Holdings in connection with the IPO pursuant to which certain outstanding Class A units were reclassified into a new class of limited partnership interests that we refer to as “Common Units” and certain outstanding Class B Units were reclassified into a new class of limited partnership interests that we refer to as “Incentive Units.”
“Reorganization Transactions” refer to certain transactions prior to the completion of the IPO which were accounted as a reorganization of entities under common control.
“Sponsor Acquisition” refers to the acquisition on January 29, 2020 by our Sponsor of a majority stake in Worldwide Vision Limited and certain transactions related thereto.
“Total Average Revenue per Paying User” is a metric calculated based on Total Revenue in any measurement period, excluding any revenue generated from advertising and partnerships or affiliates, divided by the Total Paying Users in such period divided by the number of months in the period.
“Total Paying Users” is the sum of Bumble App Paying Users and Badoo App and Other Paying Users.
“Total Revenue” is the sum of Bumble App Revenue and Badoo App and Other Revenue.
“user” is a user ID, a unique identifier assigned during registration.
3
Table of Contents
4
PART I—FINANCIAL INFORMATION
Item 1. Financial Statements (Unaudited).
Bumble Inc.
Condensed Consolidated Balance Sheets
(In thousands, except share and per share information)
(Unaudited)
|
|
|
|
|
|
|
|
|
|
|
September 30, 2021 |
|
|
December 31, 2020 |
|
ASSETS |
|
|
|
|
|
|
Cash and cash equivalents |
|
$ |
291,575 |
|
|
$ |
128,029 |
|
Accounts receivable |
|
|
44,953 |
|
|
|
41,595 |
|
Other current assets |
|
|
83,540 |
|
|
|
81,387 |
|
Total current assets |
|
|
420,068 |
|
|
|
251,011 |
|
Right-of-use assets |
|
|
11,700 |
|
|
|
11,711 |
|
Lease receivable |
|
|
1,106 |
|
|
|
1,069 |
|
Property and equipment, net |
|
|
13,942 |
|
|
|
16,833 |
|
Goodwill |
|
|
1,540,112 |
|
|
|
1,540,915 |
|
Intangible assets, net |
|
|
1,743,389 |
|
|
|
1,812,410 |
|
Deferred tax assets, net |
|
|
14,654 |
|
|
|
— |
|
Other noncurrent assets |
|
|
4,238 |
|
|
|
3,319 |
|
Total assets |
|
$ |
3,749,209 |
|
|
$ |
3,637,268 |
|
LIABILITIES AND BUMBLE INC. SHAREHOLDERS’ / BUZZ HOLDINGS L.P. OWNERS’ EQUITY |
|
|
|
|
|
|
Accounts payable |
|
$ |
11,536 |
|
|
$ |
23,741 |
|
Deferred revenue |
|
|
39,042 |
|
|
|
31,269 |
|
Accrued expenses and other current liabilities |
|
|
104,760 |
|
|
|
180,986 |
|
Current portion of long-term debt, net |
|
|
2,588 |
|
|
|
5,338 |
|
Total current liabilities |
|
|
157,926 |
|
|
|
241,334 |
|
Long-term debt, net |
|
|
620,998 |
|
|
|
820,876 |
|
Deferred tax liabilities, net |
|
|
— |
|
|
|
428,087 |
|
Tax receivable agreement liability |
|
|
381,152 |
|
|
|
— |
|
Other liabilities |
|
|
125,346 |
|
|
|
62,190 |
|
Total liabilities |
|
$ |
1,285,422 |
|
|
$ |
1,552,487 |
|
Commitments and contingencies (Note 16) |
|
|
|
|
|
|
Bumble Inc. Shareholders’ / Buzz Holdings L.P. Owners’ Equity: |
|
|
|
|
|
|
Class A common stock (par value $0.01 per share, 6,000,000,000 shares authorized; 129,241,580 shares issued; and 129,241,580 shares outstanding as of September 30, 2021) |
|
|
1,292 |
|
|
|
— |
|
Class B common stock (par value $0.01 per share, 1,000,000 shares authorized; 20 shares issued and outstanding as of September 30, 2021) |
|
|
— |
|
|
|
— |
|
Preferred stock (par value $0.01; authorized 600,000,000 shares; no shares issued and outstanding as of September 30, 2021) |
|
|
— |
|
|
|
— |
|
Limited Partners’ interest |
|
|
— |
|
|
|
1,903,121 |
|
Additional paid-in capital |
|
|
1,470,451 |
|
|
— |
|
Accumulated deficit |
|
|
(42,813 |
) |
|
|
— |
|
Accumulated other comprehensive income |
|
|
173,229 |
|
|
|
180,852 |
|
Total Bumble Inc. shareholders’ / Buzz Holdings L.P. owners’ equity |
|
|
1,602,159 |
|
|
|
2,083,973 |
|
Noncontrolling interests |
|
|
861,628 |
|
|
|
808 |
|
Total shareholders’ / owners’ equity |
|
|
2,463,787 |
|
|
|
2,084,781 |
|
Total liabilities and shareholders’ / owners’ equity |
|
$ |
3,749,209 |
|
|
$ |
3,637,268 |
|
The accompanying notes are an integral part of these unaudited condensed consolidated financial statements.
5
Bumble Inc.
Condensed Consolidated Statements of Operations
(In thousands, except per share / unit information)
(Unaudited)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Successor |
|
|
|
Predecessor |
|
|
|
Three Months
Ended
September 30,
2021 |
|
|
Three Months
Ended
September 30,
2020 |
|
|
Nine Months
Ended
September 30,
2021 |
|
|
Period from
January 29,
through
September 30,
2020 |
|
|
|
Period from
January 1,
through
January 28,
2020 |
|
Revenue |
|
$ |
200,509 |
|
|
$ |
162,300 |
|
|
$ |
557,439 |
|
|
$ |
376,587 |
|
|
|
$ |
39,990 |
|
Operating costs and expenses: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cost of revenue |
|
|
56,627 |
|
|
|
43,523 |
|
|
|
155,171 |
|
|
|
102,017 |
|
|
|
|
10,790 |
|
Selling and marketing expense |
|
|
55,105 |
|
|
|
37,744 |
|
|
|
151,654 |
|
|
|
104,511 |
|
|
|
|
11,157 |
|
General and administrative expense |
|
|
45,726 |
|
|
|
47,958 |
|
|
|
215,631 |
|
|
|
128,120 |
|
|
|
|
44,907 |
|
Product development expense |
|
|
24,231 |
|
|
|
12,860 |
|
|
|
84,197 |
|
|
|
29,915 |
|
|
|
|
4,087 |
|
Depreciation and amortization expense |
|
|
27,022 |
|
|
|
25,404 |
|
|
|
80,882 |
|
|
|
65,749 |
|
|
|
|
408 |
|
Total operating costs and expenses |
|
|
208,711 |
|
|
|
167,489 |
|
|
|
687,535 |
|
|
|
430,312 |
|
|
|
|
71,349 |
|
Operating earnings (loss) |
|
|
(8,202 |
) |
|
|
(5,189 |
) |
|
|
(130,096 |
) |
|
|
(53,725 |
) |
|
|
|
(31,359 |
) |
Interest income (expense) |
|
|
(5,962 |
) |
|
|
(4,919 |
) |
|
|
(19,612 |
) |
|
|
(14,704 |
) |
|
|
|
50 |
|
Other income (expense), net |
|
|
3,773 |
|
|
|
4,021 |
|
|
|
15,495 |
|
|
|
3,474 |
|
|
|
|
(882 |
) |
Income (loss) before income taxes |
|
|
(10,391 |
) |
|
|
(6,087 |
) |
|
|
(134,213 |
) |
|
|
(64,955 |
) |
|
|
|
(32,191 |
) |
Income tax benefit (provision) |
|
|
(280 |
) |
|
|
(16,737 |
) |
|
|
435,837 |
|
|
|
(19,143 |
) |
|
|
|
(365 |
) |
Net earnings (loss) |
|
|
(10,671 |
) |
|
|
(22,824 |
) |
|
|
301,624 |
|
|
|
(84,098 |
) |
|
|
|
(32,556 |
) |
Net earnings (loss) attributable to noncontrolling interests |
|
|
(3,786 |
) |
|
|
(35 |
) |
|
|
(26,198 |
) |
|
|
(99 |
) |
|
|
|
1,917 |
|
Net earnings (loss) attributable to Bumble Inc. shareholders / Buzz Holdings L.P. owners |
|
$ |
(6,885 |
) |
|
$ |
(22,789 |
) |
|
$ |
327,822 |
|
|
$ |
(83,999 |
) |
|
|
$ |
(34,473 |
) |
Net earnings (loss) per share / unit attributable to Bumble Inc. shareholders / Buzz Holdings L.P. owners |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Basic earnings (loss) per share / unit |
|
$ |
(0.06 |
) |
|
$ |
(0.01 |
) |
|
$ |
1.60 |
|
|
$ |
(0.03 |
) |
|
|
|
|
Diluted earnings (loss) per share / unit |
|
$ |
(0.06 |
) |
|
$ |
(0.01 |
) |
|
$ |
1.56 |
|
|
$ |
(0.03 |
) |
|
|
|
|
The accompanying notes are an integral part of these unaudited condensed consolidated financial statements.
6
Bumble Inc.
Condensed Consolidated Statements of Comprehensive Operations
(In thousands)
(Unaudited)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Successor |
|
|
|
|
|
|
Predecessor |
|
|
|
Three Months
Ended
September 30,
2021 |
|
|
Three Months
Ended
September 30,
2020 |
|
|
Nine Months
Ended
September 30,
2021 |
|
|
Period from
January 29,
through
September 30,
2020 |
|
|
|
Period from
January 1,
through
January 28,
2020 |
|
Net earnings (loss) |
|
$ |
(10,671 |
) |
|
$ |
(22,824 |
) |
|
$ |
301,624 |
|
|
$ |
(84,098 |
) |
|
|
$ |
(32,556 |
) |
Other comprehensive income (loss), net of tax: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Change in foreign currency translation adjustment |
|
|
(2,878 |
) |
|
|
107,225 |
|
|
|
(11,912 |
) |
|
|
26,656 |
|
|
|
|
(774 |
) |
Total other comprehensive income (loss), net of tax |
|
|
(2,878 |
) |
|
|
107,225 |
|
|
|
(11,912 |
) |
|
|
26,656 |
|
|
|
|
(774 |
) |
Comprehensive income (loss) |
|
|
(13,549 |
) |
|
|
84,401 |
|
|
|
289,712 |
|
|
|
(57,442 |
) |
|
|
|
(33,330 |
) |
Comprehensive income (loss) attributable to noncontrolling interests |
|
|
(4,695 |
) |
|
|
(35 |
) |
|
|
(30,487 |
) |
|
|
(99 |
) |
|
|
|
1,917 |
|
Comprehensive income (loss) attributable to Bumble Inc. shareholders / Buzz Holdings L.P. owners |
|
$ |
(8,854 |
) |
|
$ |
84,436 |
|
|
$ |
320,199 |
|
|
$ |
(57,343 |
) |
|
|
$ |
(35,247 |
) |
The accompanying notes are an integral part of these unaudited condensed consolidated financial statements.
7
Bumble Inc.
Condensed Consolidated Statements of Changes in Equity (Successor)
Three months ended September 30, 2021
(Unaudited)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Class A
Common Stock |
|
|
Class B
Common Stock |
|
|
Additional
Paid-in |
|
|
Treasury
Stock |
|
|
Accumulated |
|
|
Accumulated
Other
Comprehensive |
|
|
Noncontrolling |
|
|
Total
Shareholders’
/ Owners' |
|
|
|
Shares |
|
|
Amount |
|
|
Shares |
|
|
Amount |
|
|
Capital |
|
|
Shares |
|
|
Amount |
|
|
Deficit |
|
|
Income |
|
|
Interests |
|
|
Equity |
|
|
|
(In thousands, except share amounts) |
|
Balance as of July 1, 2021 |
|
|
119,799,036 |
|
|
$ |
1,198 |
|
|
|
20 |
|
|
$ |
— |
|
|
$ |
1,339,583 |
|
|
|
— |
|
|
$ |
— |
|
|
$ |
(35,928 |
) |
|
$ |
175,198 |
|
|
$ |
1,007,457 |
|
|
|
2,487,508 |
|
Net loss |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
(6,885 |
) |
|
|
— |
|
|
|
(3,786 |
) |
|
|
(10,671 |
) |
Stock-based compensation expense |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
23,763 |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
23,763 |
|
Impact of Tax Receivable Agreement due to exchanges of Common Units |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
(26,085 |
) |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
(26,085 |
) |
Cancellation of restricted shares |
|
|
(145,416 |
) |
|
|
(1 |
) |
|
|
— |
|
|
|
— |
|
|
|
(2,172 |
) |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
2,173 |
|
|
|
— |
|
Exercise of stock options |
|
|
12,668 |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
734 |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
(189 |
) |
|
|
545 |
|
Restricted stock units issued, net of shares withheld for taxes |
|
|
230,389 |
|
|
|
2 |
|
|
|
— |
|
|
|
— |
|
|
|
(4,953 |
) |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
(3,444 |
) |
|
|
(8,395 |
) |
Exchange of Common Units for Class A common stock |
|
|
9,344,903 |
|
|
|
93 |
|
|
|
— |
|
|
|
— |
|
|
|
139,581 |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
(139,674 |
) |
|
|
— |
|
Other comprehensive loss, net of tax |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
(1,969 |
) |
|
|
(909 |
) |
|
|
(2,878 |
) |
Balance as of September 30, 2021 |
|
|
129,241,580 |
|
|
$ |
1,292 |
|
|
|
20 |
|
|
$ |
— |
|
|
$ |
1,470,451 |
|
|
|
— |
|
|
$ |
— |
|
|
$ |
(42,813 |
) |
|
$ |
173,229 |
|
|
$ |
861,628 |
|
|
$ |
2,463,787 |
|
The accompanying notes are an integral part of these unaudited condensed consolidated financial statements.
Bumble Inc.
Condensed Consolidated Statements of Changes in Equity (Successor)
Three months ended September 30, 2020
(Unaudited)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Limited
Partners Interest |
|
|
Accumulated
Other
Comprehensive |
|
|
Total
Bumble
Inc.
Owners’ /
Shareholders’ |
|
|
Noncontrolling |
|
|
Total
Shareholders’
/ Owners’ |
|
|
|
|
Units |
|
|
Amount |
|
|
Loss |
|
|
Equity |
|
|
Interests |
|
|
Equity |
|
|
|
(In thousands) |
|
Balance as of July 1, 2020 |
|
|
|
2,453,233 |
|
|
$ |
2,334,233 |
|
|
$ |
(80,569 |
) |
|
$ |
2,196,044 |
|
|
$ |
(64 |
) |
|
$ |
2,195,980 |
|
Net loss |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
(22,789 |
) |
|
|
(35 |
|
