Earnings (Loss) per Share

9 Months Ended

Sep. 30, 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 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