Earnings (Loss) per Share

3 Months Ended

Mar. 31, 2024

Note 10 - Earnings (Loss) per Share

The following table sets forth a reconciliation of the numerators used to compute the Company's basic and diluted earnings (loss) per share (in thousands):


	Three Months Ended March 31, 2024		Three Months Ended March 31, 2023
Numerator:
Net earnings (loss)	$	33,873	$	(2,329	)
Net earnings (loss) attributable to noncontrolling interests		9,256		(718	)
Net earnings (loss) attributable to Bumble Inc. shareholders	$	24,617	$	(1,611	)

The following table sets forth the computation of the Company's basic and diluted earnings (loss) per share (in thousands, except share amounts, and per share amounts, unaudited):


	Three Months Ended March 31, 2024		Three Months Ended March 31, 2023
Basic earnings (loss) per share attributable to common stockholders
Numerator
Allocation of net earnings (loss) attributable to Bumble Inc. shareholders	$	24,617	$	(1,614	)
Less: net earnings (loss) attributable to participating securities		8		—
Net earnings (loss) attributable to common stockholders	$	24,609	$	(1,614	)
Denominator
Weighted average number of shares of Class A common stock outstanding		128,733,487		131,924,371
Basic earnings (loss) per share attributable to common stockholders	$	0.19	$	(0.01	)

Diluted earnings (loss) per share attributable to common stockholders
Numerator
Allocation of net earnings (loss) attributable to Bumble Inc. shareholders	$	24,409	$	(1,614	)
Less: net earnings (loss) attributable to participating securities		8		—
Net earnings (loss) attributable to common stockholders	$	24,401	$	(1,614	)
Denominator
Number of shares used in basic computation		128,733,487		131,924,371
Weighted average shares of Class A common stock outstanding used to calculate diluted earnings (loss) per share		128,733,487		131,924,371
Diluted earnings (loss) per share attributable to common stockholders	$	0.19	$	(0.01	)

The following table sets forth potentially dilutive securities that were excluded from the diluted earnings (loss) per share computation because the effect would be anti-dilutive, or issuance of such shares is contingent upon the satisfaction of certain conditions which were not satisfied by the end of the periods:


	Three Months Ended March 31, 2024		Three Months Ended March 31, 2023
Time-vesting awards:
Options		4,970,332		3,902,069
Restricted shares		—		38,669
RSUs		5,976,075		6,810,786
Incentive units		1,090,930		3,017,321
Total time-vesting awards		12,037,337		13,768,845

Exit-vesting awards:
Options		69,590		95,154
Restricted shares		—		49,378
RSUs		259,449		502,251
Incentive units		1,432,665		3,363,792
Total exit-vesting awards		1,761,704		4,010,575
Total		13,799,041		17,779,420