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Earnings (Loss) per Share (Tables)
12 Months Ended
Dec. 31, 2023
Earnings Per Share [Abstract]  
Schedule of Basic and Diluted Net 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).

 

 

Year Ended December 31, 2023

 

 

Year Ended December 31, 2022

 

 

Year Ended December 31, 2021

 

Numerator:

 

 

 

 

 

 

 

 

 

Net earnings (loss)

 

$

(1,868

)

 

$

(114,124

)

 

$

281,740

 

Net loss attributable to noncontrolling interests

 

 

2,345

 

 

 

(34,378

)

 

 

(28,075

)

Net earnings (loss) attributable to Bumble Inc. shareholders

 

$

(4,213

)

 

$

(79,746

)

 

$

309,815

 

 

 

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).

 

 

Year Ended December 31, 2023

 

 

Year Ended December 31, 2022

 

 

Year Ended December 31, 2021

 

Basic earnings (loss) per share attributable to common stockholders

 

 

 

 

 

 

 

 

 

Numerator

 

 

 

 

 

 

 

 

 

Allocation of net earnings (loss) attributable to Bumble Inc. shareholders

 

$

(4,286

)

 

$

(79,691

)

 

$

182,085

 

Less: net earnings (loss) attributable to participating securities

 

 

 

 

 

 

 

 

446

 

Net earnings (loss) attributable to common stockholders

 

$

(4,286

)

 

$

(79,691

)

 

$

181,639

 

Denominator

 

 

 

 

 

 

 

 

 

Weighted average number of shares of Class A common stock outstanding

 

 

134,936,824

 

 

 

129,421,157

 

 

 

121,425,908

 

Basic earnings (loss) per share attributable to common stockholders

 

$

(0.03

)

 

$

(0.62

)

 

$

1.50

 

 

 

 

 

 

 

 

 

 

 

Diluted earnings (loss) per share attributable to common stockholders

 

 

 

 

 

 

 

 

 

Numerator

 

 

 

 

 

 

 

 

 

Allocation of net earnings (loss) attributable to Bumble Inc. shareholders

 

$

(4,315

)

 

$

(79,691

)

 

$

177,720

 

Increase in net earnings (loss) attributable to common shareholders upon conversion of potentially dilutive Common Units

 

 

 

 

 

 

 

 

102,714

 

Less: net earnings (loss) attributable to participating securities

 

 

 

 

 

 

 

 

435

 

Net earnings (loss) attributable to common stockholders

 

$

(4,315

)

 

$

(79,691

)

 

$

279,999

 

Denominator

 

 

 

 

 

 

 

 

 

Number of shares used in basic computation

 

 

134,936,824

 

 

 

129,421,157

 

 

 

121,425,908

 

Add: weighted-average effect of dilutive securities

 

 

 

 

 

 

 

 

 

RSUs

 

 

 

 

 

 

 

 

1,033,701

 

Options

 

 

 

 

 

 

 

 

5,569

 

Common Units to Convert to Class A Common Stock

 

 

 

 

 

 

 

 

70,210,298

 

Weighted average shares of Class A common stock outstanding used to calculate diluted earnings (loss) per share

 

 

134,936,824

 

 

 

129,421,157

 

 

 

192,675,476

 

Diluted earnings (loss) per share attributable to common stockholders

 

$

(0.03

)

 

$

(0.62

)

 

$

1.45

 

 

Schedule of Potentially Dilutive Securities Excluded From the Diluted Earnings (Loss) Per Share

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:

 

 

 

Year Ended December 31, 2023

 

 

Year Ended December 31, 2022

 

 

Year Ended December 31, 2021

 

Time-vesting awards:

 

 

 

 

 

 

 

 

 

Options

 

 

3,528,145

 

 

 

2,946,118

 

 

 

2,038,016

 

Restricted shares

 

 

32,255

 

 

 

58,247

 

 

 

 

RSUs

 

 

6,557,643

 

 

 

4,845,852

 

 

 

626,537

 

Incentive units

 

 

462,301

 

 

 

3,857,248

 

 

 

325,920

 

Total time-vesting awards

 

 

10,580,344

 

 

 

11,707,465

 

 

 

2,990,473

 

 

 

 

 

 

 

 

 

 

 

Exit-vesting awards:

 

 

 

 

 

 

 

 

 

Options

 

 

79,908

 

 

 

164,362

 

 

 

222,424

 

Restricted shares

 

 

28,386

 

 

 

55,744

 

 

 

 

RSUs

 

 

333,296

 

 

 

761,473

 

 

 

1,217,951

 

Incentive units

 

 

843,551

 

 

 

3,724,214

 

 

 

4,324,868

 

Total exit-vesting awards

 

 

1,285,141

 

 

 

4,705,793

 

 

 

5,765,243

 

Total

 

 

11,865,485

 

 

 

16,413,258

 

 

 

8,755,716