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Earnings (Loss) per Share | 9 Months Ended
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Sep. 30, 2024
Earnings Per Share [Abstract] |
Earnings (Loss) per Share | 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 September 30, 2024 |  |  | Three Months Ended September 30, 2023 |  |  | Nine Months Ended September 30, 2024 |  |  | Nine Months Ended September 30, 2023 |
Numerator: |  |  |  |  |  |  |  |  |  |  |  |
Net earnings (loss) |  | $ | (849,259 | ) |  | $ | 23,124 |  |  | $ | (777,700 | ) |  | $ | 30,144 |
Net earnings (loss) attributable to noncontrolling interests |  |  | (236,060 | ) |  |  | 6,453 |  |  |  | (216,513 | ) |  |  | 8,331 |
Net earnings (loss) attributable to Bumble Inc. shareholders |  | $ | (613,199 | ) |  | $ | 16,671 |  |  | $ | (561,187 | ) |  | $ | 21,813 |
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):
|  | Three Months Ended September 30, 2024 |  |  | Three Months Ended September 30, 2023 |  |  | Nine Months Ended September 30, 2024 |  |  | Nine Months Ended September 30, 2023 |
Basic earnings (loss) per share attributable to common stockholders |  |  |  |  |  |  |  |  |  |  |  |
Numerator |  |  |  |  |  |  |  |  |  |  |  |
Allocation of net earnings (loss) attributable to Bumble Inc. shareholders |  | $ | (613,410 | ) |  | $ | 16,671 |  |  | $ | (566,666 | ) |  | $ | 21,461 |
Less: net earnings (loss) attributable to participating securities |  |  | — |  |  |  | 9 |  |  |  | — |  |  |  | 14 |
Net earnings (loss) attributable to common stockholders |  | $ | (613,410 | ) |  | $ | 16,662 |  |  | $ | (566,666 | ) |  | $ | 21,447 |
Denominator |  |  |  |  |  |  |  |  |  |  |  |
Weighted average number of shares of Class A common stock outstanding |  |  | 120,091,564 |  |  |  | 136,457,412 |  |  |  | 125,006,154 |  |  |  | 135,185,151 |
Basic earnings (loss) per share attributable to common stockholders |  | $ | (5.11 | ) |  | $ | 0.12 |  |  | $ | (4.53 | ) |  | $ | 0.16 |
Diluted earnings (loss) per share attributable to common stockholders |  |  |  |  |  |  |  |  |  |  |  |
Numerator |  |  |  |  |  |  |  |  |  |  |  |
Allocation of net earnings (loss) attributable to Bumble Inc. shareholders |  | $ | (613,410 | ) |  | $ | 16,487 |  |  | $ | (566,666 | ) |  | $ | 21,199 |
Increase in net earnings (loss) attributable to common shareholders upon conversion of potentially dilutive Common Units |  |  | — |  |  |  | 6,637 |  |  |  | — |  |  |  | 8,945 |
Less: net earnings (loss) attributable to participating securities |  |  | — |  |  |  | 9 |  |  |  | — |  |  |  | 14 |
Net earnings (loss) attributable to common stockholders |  | $ | (613,410 | ) |  | $ | 23,115 |  |  | $ | (566,666 | ) |  | $ | 30,130 |
Denominator |  |  |  |  |  |  |  |  |  |  |  |
Number of shares used in basic computation |  |  | 120,091,564 |  |  |  | 136,457,412 |  |  |  | 125,006,154 |  |  |  | 135,185,151 |
Add: weighted-average effect of dilutive securities |  |  |  |  |  |  |  |  |  |  |  |
RSUs |  |  | — |  |  |  | 1,375,772 |  |  |  | — |  |  |  | 1,244,705 |
Common Units to convert to Class A Common Stock |  |  | — |  |  |  | 53,584,628 |  |  |  | — |  |  |  | 55,831,913 |
Weighted average shares of Class A common stock outstanding used to calculate diluted earnings (loss) per share |  |  | 120,091,564 |  |  |  | 191,417,812 |  |  |  | 125,006,154 |  |  |  | 192,261,769 |
Diluted earnings (loss) per share attributable to common stockholders |  | $ | (5.11 | ) |  | $ | 0.12 |  |  | $ | (4.53 | ) |  | $ | 0.16 |
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 September 30, 2024 |  |  | Three Months Ended September 30, 2023 |  |  | Nine Months Ended September 30, 2024 |  |  | Nine Months Ended September 30, 2023 |
Time-vesting awards: |  |  |  |  |  |  |  |  |  |  |  |
Options |  |  | 4,950,211 |  |  |  | 3,844,085 |  |  |  | 4,950,211 |  |  |  | 3,844,085 |
Restricted shares |  |  | 6,444 |  |  |  | — |  |  |  | 6,444 |  |  |  | — |
RSUs |  |  | 5,770,886 |  |  |  | 2,252,668 |  |  |  | 5,770,886 |  |  |  | 2,280,638 |
Incentive units |  |  | 959,056 |  |  |  | 401,614 |  |  |  | 959,056 |  |  |  | 366,393 |
Total time-vesting awards |  |  | 11,686,597 |  |  |  | 6,498,367 |  |  |  | 11,686,597 |  |  |  | 6,491,116 |
Exit-vesting awards: |  |  |  |  |  |  |  |  |  |  |  |
Options |  |  | 58,062 |  |  |  | 79,908 |  |  |  | 58,062 |  |  |  | 79,908 |
Restricted shares |  |  | 5,537 |  |  |  | — |  |  |  | 5,537 |  |  |  | — |
RSUs |  |  | 127,464 |  |  |  | — |  |  |  | 127,464 |  |  |  | — |
Incentive units |  |  | 884,325 |  |  |  | 958,133 |  |  |  | 884,325 |  |  |  | 1,012,768 |
Total exit-vesting awards |  |  | 1,075,388 |  |  |  | 1,038,041 |  |  |  | 1,075,388 |  |  |  | 1,092,676 |
Total |  |  | 12,761,985 |  |  |  | 7,536,408 |  |  |  | 12,761,985 |  |  |  | 7,583,792 |

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