Exhibit 99.1

Bumble Inc. Announces Fourth Quarter and Full Year 2020 Results

Fourth Quarter Revenue Increased 31% to $165.6 million

Bumble App Fourth Quarter Revenue Increased 47% to $105.8 million

Badoo App and Other Fourth Quarter Revenue Increased 10% to $59.8 million

Fourth Quarter Total Paying Users* Increased 32% to 2.7 million

Austin, Texas (March 10, 2021) -­ Bumble Inc. (NASDAQ: BMBL), the parent company of Bumble and Badoo, today reported financial results for the fourth quarter and full year ended December 31, 2020.

“We are committed to our mission, our customers and to advancing the business, which fueled our strong fourth quarter and full year 2020 results,” said Whitney Wolfe Herd, Founder and CEO of Bumble. “Our significant increase in revenue and paying users is a direct result of our team’s dedication and remarkable agility during a challenging pandemic. Looking ahead, we remain focused on driving scale, investing in our users and expanding internationally. Our IPO was a pivotal milestone, but we are just getting started and are excited for the next chapter of our journey.”

Full year 2020 revenue increased to $582.2 million from $488.9 million in 2019.  Full year revenue was comprised of $40.0 million for the period from January 1, 2020 to January 28, 2020 and $542.2 million for the period from January 29, 2020 to December 31, 2020.  Full year 2020 Total Paying Users increased 22% year over year to 2.5 million.

Fourth Quarter 2020 Operational and Financial Results:

(All comparisons relative to the Fourth Quarter 2019)

• Revenue increased 31.1% to $165.6 million, compared to $126.3 million.  Bumble app revenue increased 46.6% to $105.8 million and Badoo app and other revenue increased 10.5% to $59.8 million.  

• Total Paying Users increased 32.5% to 2.7 million, compared to 2.0 million.

• Total ARPPU was $20.02, compared to $19.99.  

• Net loss was $(26.1) million, or (15.7)% of revenue, compared to net earnings of $17.2 million, or 13.6% of revenue.

• Adjusted EBITDA was $44.1 million, or 26.6% of revenue, compared to $21.9 million, or 17.3% of revenue.

Full Year 2020 Operational and Financial Results:

(All comparisons relative to the Full Year 2019)

• Revenue was $542.2 million for the period from January 29, 2020 to December 31, 2020 and $40.0 million for the period from January 1, 2020 to January 28, 2020, compared to $488.9 million.

• Bumble App Revenue was $337.2 million for the period from January 29, 2020 to December 31, 2020 and $23.3 million for the period from January 1, 2020 to January 28, 2020, compared to $275.5 million.

• Badoo App and Other Revenue was $205.0 million for the period from January 29, 2020 to December 31, 2020 and $16.7 million for the period from January 1, 2020 to January 28, 2020, compared to $213.4 million.

• Total Paying Users increased 22.2% to 2.5 million, compared to 2.1 million.

• Total ARPPU was $18.89, compared to $19.22.  

• Net (loss) earnings was $(110.2) million, or (20.3)% of revenue, for the period from January 29, 2020 to December 31, 2020 and $(32.6) million, or (81.4)% of revenue, for the period from January 1, 2020 to January 28, 2020, compared to $85.8 million, or 17.6% of revenue.

• Adjusted EBITDA was $143.1 million, or 26.4% of revenue, for the period from January 29, 2020 to December 31, 2020 and $9.4 million, or 23.4% of revenue, for the period from January 1, 2020 to January 28, 2020, compared to $101.8 million, or 20.8% of revenue.

“During the fourth quarter, we demonstrated our ability to continue to scale the business and rapidly adapt to the pandemic, while expanding Adjusted EBITDA,” added Anu Subramanian, CFO of Bumble. “Looking ahead, we believe we are well positioned to drive growth in users and capitalize on our significant market opportunity.”

*Please see Definitions section below for the definition of “Paying Users”

Key Operating Metrics:

(in thousands, except ARPPU)	Quarter Ended December 31, 2020		Quarter Ended December 31, 2019
Bumble App Paying Users		1,268.7		890.6
Badoo App and Other Paying Users		1,424.6		1,142.9
Total Paying Users		2,693.3		2,033.5
Bumble App Average Revenue per Paying User	$	27.79	$	27.00
Badoo App and Other Average Revenue per Paying User	$	13.10	$	14.52
Total Average Revenue per Paying User	$	20.02	$	19.99

Financial Outlook:

Bumble anticipates Revenue and Adjusted EBITDA for the quarter ending March 31, 2021 and year ending December 31, 2021 to be:

First quarter 2021:

• Revenue in the range of $163 to $165 million

• Adjusted EBITDA in the range of $41 to $42 million.

Full year 2021:

• Revenue in the range of $716 to $726 million

• Adjusted EBITDA in the range of $173 to $178 million.

Actual results may differ materially from Bumble’s Financial Outlook as a result of, among other things, the factors described under “Forward-Looking Statements” below.

With regards to the Non-GAAP Adjusted EBITDA outlook provided above, a reconciliation to GAAP net earnings (loss) has not been provided as the quantification of certain items included in the calculation of GAAP net earnings (loss) cannot be calculated or predicted at this time without unreasonable efforts. For example, the non-GAAP adjustment for stock-based compensation expense requires additional inputs such as number of shares granted and market price that are not currently ascertainable, and the non-GAAP adjustment for certain legal, tax and regulatory reserves and expenses depends on the timing and magnitude of these expenses and cannot be accurately forecasted. For the same reasons, the Company is unable to address the probable significance of the unavailable information, which could have a potentially unpredictable, and potentially significant, impact on its future GAAP financial results.

Conference Call and Webcast Information

Bumble will host a conference call and live webcast to discuss its fourth quarter and full year 2020 financial results at 4:30 p.m. Eastern Time today, March 10, 2021. To listen to the live conference call, please dial toll free (833) 362-0206 or (914) 987-7675, access code 1162237, approximately 10 minutes prior to the start of the call. A webcast of the call and other information related to the call will be accessible on the Investors section of the Company’s website at https://ir.bumble.com. A webcast replay will be available approximately two hours after the conclusion of the live event.

Definitions

Bumble App Average Revenue per Paying User is calculated based on Bumble App Revenue in any measurement period, divided by Bumble App Paying Users in such period divided by the number of months in the period.

Bumble App Paying User is a user that has purchased or renewed a Bumble subscription plan and/or made an in-app purchase on the Bumble app in a given month. We calculate Bumble App Paying Users as a monthly average, by counting the number of Bumble App Paying Users in each month and then dividing by the number of months in the relevant measurement period.

Badoo App and Other Average Revenue per Paying User is calculated based on Badoo App and Other Revenue in any measurement period, excluding any revenue generated from advertising and partnerships or affiliates, divided by Badoo App and Other Paying Users in such period divided by the number of months in the period.

Badoo App and Other Paying User is a user that has purchased or renewed a subscription plan and/or made an in-app purchase on the Badoo app in a given month (or made a purchase on one of our other apps that we owned and operated in a given month, or purchase on other third-party apps that used our technology in the relevant period). We calculate Badoo App and Other Paying Users as a monthly average, by counting the number of Badoo App and Other Paying Users in each month and then dividing by the number of months in the relevant measurement period.

Predecessor refers to Worldwide Vision Limited and its consolidated subsidiaries.  Worldwide Vision Limited operated the trade of Bumble Inc. prior to the consummation of the acquisition (the “Sponsor Acquisition”) on January 29, 2020 of a majority stake in Worldwide Vision Limited by a group of investment funds managed by The Blackstone Group Inc.

Successor refers to Buzz Holdings L.P. and its consolidated subsidiaries.  Buzz Holdings L.P. was formed primarily as a vehicle to finance the Sponsor Acquisition. Following completion of the initial public offering on February 16, 2021, Bumble Inc. is now the holding company of the group.

Non-GAAP Financial Measures

We report our financial results in accordance with GAAP, however, management believes that certain non-GAAP financial measures provide users of our financial information with useful supplemental information that enables a better comparison of our performance across periods. These measures include: Adjusted EBITDA, Adjusted EBITDA Margin, Free Cash Flow and Free Cash Flow Conversion. We believe Adjusted EBITDA and Adjusted EBITDA Margin provide visibility to the underlying continuing operating performance by excluding the impact of certain expenses, including income tax provision, interest (income) expense, depreciation and amortization, stock-based compensation expense, foreign exchange loss (gain), changes in fair value of contingent earn-out liability and interest rate swaps, transaction costs and one-time litigation costs, as management does not believe these expenses are representative of our core earnings. In addition to Adjusted EBITDA and Adjusted EBITDA Margin, we believe Free Cash Flow and Free Cash Flow Conversion provide useful information regarding how cash provided by operating activities compares to the capital expenditures required to maintain and grow our business, and our available liquidity, after funding such capital expenditures, to service our debt, fund strategic initiatives and strengthen our balance sheet, as well as our ability to convert our earnings to cash. Additionally, we believe such metrics are widely used by investors, securities analysis, ratings agencies and other parties in evaluating liquidity and debt-service capabilities.

We calculate Free Cash Flow and Free Cash Flow Conversion using methodologies that we believe can provide useful supplemental information to help investors better understand underlying trends in our business.

Our non-GAAP financial measures may not be comparable to similarly titled measures used by other companies, have limitations as analytical tools and should not be considered in isolation, or as substitutes for analysis of our operating results as reported under GAAP. Additionally, we do not consider our non-GAAP financial measures as superior to, or a substitute for, the equivalent measures calculated and presented in accordance with GAAP.

Adjusted Earnings before Interest, Taxes, Depreciation and Amortization (“Adjusted EBITDA”) is defined as net earnings (loss) excluding income tax (benefit) provision, interest expense (income), depreciation and amortization, stock-based compensation expense, foreign exchange loss (gain), changes in fair value of contingent earn-out liability, changes in fair value of interest rate swaps, transaction costs and one-time litigation costs.

Adjusted EBITDA Margin represents Adjusted EBITDA as a percentage of revenue.

Free Cash Flow is defined as net cash provided by (used in) operating activities less capital expenditures.

Free Cash Flow Conversion represents Free Cash Flow as a percentage of Adjusted EBITDA.

Forward-Looking Statements

This press release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995.  These forward-looking statements include without limitation statements reflecting our current views with respect to, among other things, our operations, our financial performance and our industry and other non-historical statements, including without limitation the statements in the “Financial Outlook” section of this press release.  In some cases, you can identify these forward-looking statements by the use of words such as “outlook,” “believe(s),” “expect(s),” “potential,” “continue(s),” “may,” “will,” “should,” “could,” “would,” “seek(s),” “predict(s),” “intend(s),” “trends,” “plan(s),” “estimate(s),” “anticipates,” “projection,” “will likely result” and or the negative version of these words or other comparable words of a future or forward-looking nature. Such forward-looking statements are subject to various risks and uncertainties.  Accordingly, there are or will be important factors that could cause actual outcomes or results to differ materially from those indicated in these statements.  These factors include, but are not limited to, the following:

• our ability to retain existing users or attract new users and to convert users to paying users

• competition and changes in the competitive landscape of our market

• our ability to distribute our dating products through third parties, such as Apple App Store or Google Play Store, and offset related fees

• the impact of data security breaches or cyber attacks on our systems and the costs of remediation related to any such incidents

• the continued development and upgrading of our technology platform and our ability to adapt to rapid technological developments and changes in a timely and cost-effective manner

• our ability to obtain, maintain, protect and enforce intellectual property rights and successfully defend against claims of infringement, misappropriation or other violations of third-party intellectual property

• our ability to comply with complex and evolving U.S. and international laws and regulations relating to our business, including data privacy laws

• foreign currency exchange rate fluctuations

• risks relating to certain of our international operations, including successful expansion into new markets

• Affiliates of The Blackstone Group Inc.’s (“Blackstone”) and our Founder’s control of us

• the outsized voting rights of affiliates of Blackstone and our Founder

• the inability to attract hire and retain a highly qualified and diverse workforce, or maintain our corporate culture

• changes in business or macroeconomic conditions, including the impact of the Coronavirus Disease 2019 (“COVID-19”) (and other widespread health emergencies or pandemics) and measures taken in response, lower consumer confidence in our business or in the online dating industry generally, recessionary conditions, increased unemployment rates, stagnant or declining wages, political unrest, armed conflicts or natural disasters

For additional information on these and other factors that could cause Bumble’s actual results to differ materially from expected results, please see our prospectus, dated February 10, 2021, filed with the Securities and Exchange Commission (the “SEC”) pursuant to Rule 424(b)(4) of the Securities Act of 1933, as amended, on February 12, 2021, as such factors may be updated from time to time in our periodic filings with the SEC, which are accessible on the SEC’s website at www.sec.gov.  The forward-looking statements included in this press release are made only as of the date of this press release, and we undertake no obligation to publicly update or review any forward-looking statement, whether as a result of new information, future developments or otherwise, except as required by law.

About Bumble

Bumble Inc. is the parent company of Badoo and Bumble, two of the world’s highest-grossing dating apps with millions of users worldwide. The Bumble platform enables people to connect and build equitable and healthy relationships. Founded by CEO Whitney Wolfe Herd in 2014, the Bumble app is one of the first dating apps built with women at the center, and the Badoo app, which was founded in 2006, is one of the pioneers of web and mobile dating products. Bumble currently employs over 700 people in offices in Austin, Barcelona, London, and Moscow.

For more information about Bumble, please visit bumble.com and follow @Bumble on social platforms.

Source: Bumble Inc.

Investor Contact

ir@team.bumble.com

Media Contact

press@team.bumble.com

Buzz Holdings L.P.

Consolidated Balance Sheets

(in thousands, except par value amounts)

	Successor		Predecessor
	December 31, 2020		December 31, 2019
ASSETS
Cash and cash equivalents	$	128,029	$	57,449
Accounts receivable		41,595		34,234
Loans to related companies		—		42,043
Other current assets		81,387		36,106
Total current assets		251,011		169,832
Right-of-use assets		11,711		16,291
Lease receivable		1,069		1,011
Property and equipment, net		16,833		14,033
Goodwill		1,540,915		—
Intangible assets, net		1,812,410		1,241
Deferred tax assets, net		—		7,055
Other noncurrent assets		3,319		835
Total assets	$	3,637,268	$	210,298
LIABILITIES AND BUZZ HOLDINGS L.P. OWNERS’ /    WORLDWIDE VISION LIMITED SHAREHOLDERS’ EQUITY
Accounts payable	$	23,741	$	8,066
Deferred revenue		31,269		24,749
Accrued expenses and other current liabilities		180,986		88,649
Current portion of long-term debt, net		5,338		—
Total current liabilities		241,334		121,464
Long-term debt, net		820,876		—
Deferred tax liabilities		428,087		—
Other liabilities		62,190		59,152
Total liabilities	$	1,552,487	$	180,616
Commitments and contingencies
Buzz Holdings L.P. owners’ / Worldwide Vision Limited    shareholders’ equity:
Limited Partners’ interest (2,453,785 Class A units and 153,274 Class B    units issued and outstanding as of December 31, 2020)		1,903,121		—
Issued share capital ($0.0001 par value; 126,424 shares authorized; 108,431    shares issued and outstanding as of December 31, 2019)		—		11
Additional paid-in capital		—		3,449
Accumulated other comprehensive income		180,852		644
Treasury stock (6,940 shares as of December 31, 2019)		—		(3,788	)
Retained earnings		—		23,352
Total Buzz Holdings L.P. owners’ / Worldwide Vision Limited    shareholders’ equity		2,083,973		23,668
Noncontrolling interests		808		6,014
Total owners’ / shareholders’ equity		2,084,781		29,682
Total liabilities and owners’ / shareholders’ equity	$	3,637,268	$	210,298

Buzz Holdings L.P.

Consolidated Statements of Operations

(in thousands, except per unit data)

	Successor			Predecessor			Successor			Predecessor
	Quarter Ended December 31, 2020			Quarter Ended December 31, 2019			Period from January 29, through December 31, 2020			Period from January 1, through January 28, 2020			Year Ended December 31, 2019
Revenue	$	165,605		$	126,301		$	542,192		$	39,990		$	488,940
Operating costs and expenses:
Cost of revenue		44,612			34,713			146,629			10,790			139,767
Selling and marketing expense		48,077			40,561			152,588			11,157			142,902
General and administrative expense		50,495			19,706			178,615			44,907			67,079
Product development expense		17,079			10,195			46,994			4,087			39,205
Depreciation and amortization expense		25,996			1,831			91,767			408			6,734
Total operating costs and expenses		186,259			107,006			616,593			71,349			395,687
Operating (loss) income		(20,654	)		19,295			(74,401	)		(31,359	)		93,253
Interest (expense) income		(7,430	)		156			(22,134	)		50			202
Other expense, net		(8,999	)		(1,989	)		(5,525	)		(882	)		(1,473	)
(Loss) earnings before tax		(37,083	)		17,462			(102,060	)		(32,191	)		91,982
Income tax benefit (provision)		11,017			(250	)		(8,126	)		(365	)		(6,138	)
Net (loss) earnings		(26,066	)		17,212			(110,186	)		(32,556	)		85,844
Net earnings attributable to noncontrolling interests		908			5,111			808			1,917			19,698
Net (loss) earnings attributable to Buzz Holdings    L.P. owners / Worldwide Vision Limited    shareholders	$	(26,974	)	$	12,101		$	(110,994	)	$	(34,473	)	$	66,146
Net loss per unit attributable to Buzz Holdings    L.P. owners
Basic loss per unit	$	(0.01	)		—		$	(0.05	)		—			—
Diluted loss per unit	$	(0.01	)		—		$	(0.05	)		—			—

Buzz Holdings L.P.

Consolidated Statements of Cash Flows

(in thousands)

	Successor			Predecessor			Successor			Predecessor
	Quarter Ended December 31, 2020			Quarter Ended December 31, 2019			Period from January 29, through December 31, 2020			Period from January 1, through January 28, 2020			Year Ended December 31, 2019
Cash flows from operating activities:
Net (loss) earnings	$	(26,066	)	$	17,212		$	(110,186	)	$	(32,556	)	$	85,844
Adjustments to reconcile net (loss) earnings to net cash provided by (used in) operating activities:
Depreciation and amortization		25,996			1,831			91,767			408			6,734
Change in fair value of interest swap		(242	)		—			1,586			—			—
Change in fair value of contingent consideration		8,700			—			27,800			—			—
Non-cash lease expense		442			666			(109	)		(226	)		952
Deferred income tax		(22,935	)		201			(789	)		26			201
Stock-based compensation expense		14,350			1,080			27,468			4,156			2,160
Net foreign exchange difference		1,965			600			6,945			(198	)		600
Research and development tax credit		(307	)		(593	)		(1,211	)		—			(2,374	)
Other, net		169			221			3,604			31			201
Changes in assets and liabilities:
Accounts receivable		19,933			15,192			10,737			(17,599	)		(5,971	)
Other current assets		(23,261	)		(24,802	)		(46,949	)		(2,175	)		(21,144	)
Accounts payable		9,649			(1,556	)		2,970			12,984			(252	)
Deferred revenue		1,479			287			22,169			289			1,360
Legal liabilities		(5,249	)		(268	)		(18,374	)		(521	)		(1,811	)
Accrued expenses and other current liabilities		50,576			20,357			38,806			32,075			34,523
Other liabilities		21			369			27			—			369
Net cash provided by (used in) operating activities		55,220			30,797			56,261			(3,306	)		101,392
Cash flows from investing activities:
Capital expenditures		(4,853	)		(3,337	)		(10,632	)		(1,045	)		(9,674	)
Acquisition of business, net of cash acquired		(36,444	)		—			(2,837,706	)		—			—
Other, net		(1,866	)		25			(2,313	)		16			(1,722	)
Net cash used in investing activities		(43,163	)		(3,312	)		(2,850,651	)		(1,029	)		(11,396	)
Cash flows from financing activities:
Proceeds from repayments of loans to related companies		—			—			41,929			—			—
Debt issuance costs		(4,824	)		—			(21,105	)		—			—
Limited Partners’ interest		25,626			—			2,360,412			—			—
Proceeds from term loan		275,000			—			850,000			—			—
Repayment of term loan		(2,125	)		—			(5,000	)		—			—
Issuance of loans		—			(41,965	)		—			—			(41,965	)
Proceeds from issuance of shares		—			104			—			—			104
Dividends paid		(360,000	)		—			(360,000	)		—			(23,359	)
Other, net		—			24			—			—			24
Net cash (used in) provided by financing activities		(66,323	)		(41,837	)		2,866,236			—			(65,196	)
Effects of exchange rate changes on cash and cash equivalents		6,199			(1,151	)		2,513			813			(640	)
Net (decrease) increase in cash and cash equivalents and restricted cash		(48,067	)		(15,503	)		74,359			(3,522	)		24,160
Cash and cash equivalents and restricted cash, beginning of the period		176,353			72,952			53,927			57,449			33,289
Cash and cash equivalents and restricted cash, end of the period	$	128,286		$	57,449		$	128,286		$	53,927		$	57,449
Less restricted cash		257			—			257			—			—
Cash and cash equivalents, end of the period	$	128,029		$	57,449		$	128,029		$	53,927		$	57,449

Reconciliation of GAAP to NON-GAAP Measures

Reconciliation of Net (Loss) Earnings to Adjusted EBITDA

	Successor			Predecessor			Successor			Predecessor
(in thousands, except percentages)	Quarter Ended December 31, 2020			Quarter Ended December 31, 2019			Period from January 29, through December 31, 2020			Period from January 1, through January 28, 2020			Year Ended December 31, 2019
Net (loss) earnings	$	(26,066	)	$	17,212		$	(110,186	)	$	(32,556	)	$	85,844
Add back:
Income tax (benefit) provision		(11,017	)		250			8,126			365			6,138
Interest expense (income)		7,430			(156	)		22,134			(50	)		(202	)
Depreciation and amortization		25,996			1,831			91,767			408			6,734
Stock-based compensation expense		14,350			1,080			27,468			336			2,160
Litigation costs (recoveries), net of insurance    proceeds(1)		1,357			—			(6,008	)		—			—
Foreign exchange loss (2)		9,212			1,654			14,133			523			1,160
Changes in fair value of interest rate swaps(3)		(242	)		—			1,586			—			—
Transaction costs(4)		14,403			—			66,251			40,345			—
Changes in fair value of contingent earn-out    liability		8,700			—			27,800			—			—
Adjusted EBITDA	$	44,123		$	21,871		$	143,071		$	9,371		$	101,834
Net (loss) earnings margin		(15.7	)%		13.6	%		(20.3	)%		(81.4	)%		17.6	%
Adjusted EBITDA Margin		26.6	%		17.3	%		26.4	%		23.4	%		20.8	%

(1) Represents certain litigation costs and insurance proceeds associated with pending litigations or settlements of litigation. For additional information, refer to Note 17, Commitments and Contingencies, within the audited consolidated financial statements and Item 3. Legal Proceedings in our Annual Report on Form 10-K for the year ended December 31, 2020.

(2) Represents foreign exchange loss due to foreign currency transactions.

(3) Represents fair value (gain) or loss on interest rate swaps.

(4) Represents transaction costs and professional service fees related to the Sponsor Acquisition and the initial public offering.

Reconciliation of Net Cash Provided By (Used In) Operating Activities to Free Cash Flow

	Successor			Predecessor			Successor			Predecessor
(in thousands, except percentages)	Quarter Ended December 31, 2020			Quarter Ended December 31, 2019			Period from January 29, through December 31, 2020			Period from January 1, through January 28, 2020			Year Ended December 31, 2019
Net cash provided by (used in)    operating activities	$	55,220		$	30,797		$	56,261		$	(3,306	)	$	101,392
Less:
Capital expenditures		(4,853	)		(3,337	)		(10,632	)		(1,045	)		(9,674	)
Free Cash Flow	$	50,367		$	27,460		$	45,629		$	(4,351	)	$	91,718
Operating Cash Flow Conversion(1)		(211.8	)%		178.9	%		(51.1	)%		10.2	%		118.1	%
Free Cash Flow Conversion		114.2	%		125.6	%		31.9	%		(46.4	)%		90.1	%

(1) Operating Cash Flow Conversion is calculated based on net cash provided by (used in) operating activities as a percentage of net earnings (loss) in any measurement period.