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bumble Bumble Inc. Announces First Quarter 2021 Results May 12 , 2021 AUSTIN , Texas , May 12 , 2021 ( GLOBE NEWSWIRE ) -- Bumble Inc. ( NASDAQ : BMBL ) , the parent company of Bumble and Badoo , today reported financial results for the first quarter ended March 31 , 2021 . " Our results and first quarter momentum validate the strength of our mission and our brand . We were able to combine our safety , mission and women - first narratives throughout the quarter in a manner that drove notable growth in user engagement and retention globally . Our brand and products are resonating worldwide , and we are inspired by the resilience of our customers who have demonstrated the power of human connection during the pandemic . Safety and accountability are at the foundation of our business and this mission - first approach has been key in advancing our position as leaders in the space . Our impressive results demonstrate that Bumble is more than our apps - our mission is powering a movement , " said Whitney Wolfe Herd , Founder and CEO of Bumble . Revenue Increased to $ 171 million Bumble App Revenue Increased to $ 113 million Badoo App & Other Revenue Increased to $ 58 million Total Paying Users Increased 30 % to 2.8 million First Quarter 2021 Operational and Financial Results : ( All comparisons relative to the First Quarter 2020 ) • First quarter 2021 revenue increased year - over - year to $ 170.7 million . First quarter 2020 revenue was comprised of $ 79.1 million for the period from January 29 , 2020 to March 31 , 2020 and $ 40.0 million for the period from January 1 , 2020 to January 28 , 2020 . • First quarter 2021 Bumble App Revenue increased year - over - year to $ 112.6 million . First quarter 2020 Bumble App Revenue was comprised of $ 46.7 million for the period from January 29 , 2020 to March 31 , 2020 and $ 23.3 million for the period from January 1 , 2020 to January 28 , 2020 . • First quarter 2021 Badoo App and Other Revenue increased year - over - year to $ 58.1 million . First quarter 2020 Badoo App and Other Revenue was comprised of $ 32.5 million for the period from January 29 , 2020 to March 31 , 2020 and $ 16.7 million for the period from January 1 , 2020 to January 28 , 2020 . • Total Paying Users increased 30.0 % to 2.8 million , compared to 2.2 million . • Total ARPPU was $ 19.99 , compared to $ 17.73 . • Net earnings were $ 323.4 million , or 189.5 % of revenue for the three months ended March 31 , 2021 , compared to Net loss of $ 55.8 million , or ( 70.5 ) % of revenue for the period from January 29 , 2020 to March 31 , 2020 and Net loss of $ 32.6 million , or ( 81.4 ) % of revenue for the period from January 1 , 2020 to January 28 , 2020 . ● Adjusted EBITDA was $ 46.1 million , or 27.0 % of revenue for the three months ended March 31 , 2021 , compared to $ 12.7 million , or 16.1 % of revenue for the period from January 29 , 2020 to March 31 , 2020 and $ 9.4 million , or 23.4 % of revenue for the period from January 1 , 2020 to January 28 , 2020 . " Our first quarter results reflect significant growth in paying users as well as improved monetization , positioning us to raise full year 2021 guidance , " added Anu Subramanian , CFO of Bumble . " Our high flow through rates , efficient marketing strategy , and shared technology platform are driving operating leverage in the business . In the first quarter , we successfully completed our IPO , enabling us to pay down $ 200 million in debt and in further strengthening our balance sheet . We are making strategic vestments in product and technology to continue growing our community and capitalizing on the large market opportunity in front of us . " Key Operating Metrics : ( in thousands , except ARPPU ) Key Operating Metrics Bumble App Paying Users Badoo App and Other Paying Users Total Paying Users Bumble App Average Revenue per Paying User $ Three Months Ended March 31 , 2021 1,352.8 1,450.5 2,803.3 27.75 $ Three Months Ended March 31 , 2020 938.3 1,218.2 2,156.5 24.84