Bumble Inc.

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 (used in) 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, effectuate discretionary share repurchases and strengthen our balance sheet, as well as our ability to convert our earnings to cash.

SEC original ↗Bumble Inc. — Earnings release (8-K exhibit)EX-99Aug 6, 2025

Additionally, we believe such metrics are widely used by investors, securities analysts, ratings agencies and other parties in evaluating liquidity and debt-service capabilities.

SEC original ↗Bumble Inc. — Earnings release (8-K exhibit)EX-99Aug 6, 2025

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

SEC original ↗Bumble Inc. — Earnings release (8-K exhibit)EX-99Aug 6, 2025

Additionally, adverse macroeconomic factors, including but not limited to, slower economic growth, a higher cost of borrowing, inflationary pressures, and fluctuations in foreign currency exchange rates, may impact the estimated fair value of a reporting unit.

SEC original ↗Bumble Inc. — 10-Q Quarterly report10-QAug 6, 2026

Share Repurchase Program Shares repurchased pursuant to the Company's share repurchase program are held as treasury stock until retirement and reflected as a reduction of stockholders' equity within the accompanying unaudited condensed consolidated balance sheets.

SEC original ↗Bumble Inc. — 10-Q Quarterly report10-QAug 6, 2026

Upon retirement, the share repurchases will reduce Class A common stock based on the par value of the shares and reduce its capital surplus for the excess of the repurchase price over the par value.

SEC original ↗Bumble Inc. — 10-Q Quarterly report10-QAug 6, 2026

The early signals are clear our renewed focus on quality is resonating, and we are building momentum.

SEC original ↗Bumble Inc. — Earnings release (8-K exhibit)EX-99Aug 6, 2025

We exceeded our Adjusted EBITDA guidance in the second quarter as we significantly reduced our cost structure and realigned our marketing strategy with our organic growth focus, said Ron Fior, Interim CFO of Bumble Inc.

SEC original ↗Bumble Inc. — Earnings release (8-K exhibit)EX-99Aug 6, 2025

The Company concluded that it was necessary to perform an interim impairment test as of June 30, 2025, due to our revised 2025 outlook, w hich reflects a strategic shift to improve the health of our membership base.

SEC original ↗Bumble Inc. — Earnings release (8-K exhibit)EX-99Aug 6, 2025

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 (used in) 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, effectuate discretionary share repurchases and strengthen our balance sheet, as well as our ability to convert our earnings to cash.

SEC original ↗Bumble Inc. — Earnings release (8-K exhibit)EX-99Aug 6, 2025

with respect to, among other things, our operations, including the recently announced plan to implement a global workforce reduction and restructuring of our operations and its expected impact, our financial performance, our industry and our business and other non-historical statements, including without limitation statements related to our strategic plans and initiatives (including our innovations across AI, product and technology and our other investments), our ability to unlock long-term value and the statements in the Financial Outlook section of this press release.

SEC original ↗Bumble Inc. — Earnings release (8-K exhibit)EX-99Aug 6, 2025

Adjusted earnings before interest, taxes, depreciation and amortization ( Adjusted EBITDA ) is defined as net earnings (loss) excluding income tax (benefit) provision, interest and derivative (gains) losses, net, depreciation and amortization expense, stock-based compensation expense, employer costs related to stock-based compensation, foreign exchange (gain) loss, changes in fair value of contingent earn-out liability, investments in equity securities, transaction and other costs, litigation costs net of insurance reimbursements that arise outside of the ordinary course of business, tax receivable agreement liability remeasurement (benefit) expense, impairment loss, and restructuring costs.

SEC original ↗Bumble Inc. — Earnings release (8-K exhibit)EX-99Aug 6, 2025

Such forward-looking statements are subject to various risks and uncertainties.

SEC original ↗Bumble Inc. — Earnings release (8-K exhibit)EX-99Aug 6, 2025

(3) Represents certain litigation costs, net of insurance proceeds, associated with pending litigations or settlements of litigation that arise outside of the ordinary course of business.

SEC original ↗Bumble Inc. — Earnings release (8-K exhibit)EX-99Aug 6, 2025

Legal Proceedings 46 Item 1A.

SEC original ↗Bumble Inc. — 10-Q Quarterly report10-QAug 6, 2026

Uncertainty about these assumptions, judgments and estimates could result in outcomes that require a material adjustment to the carrying amount of assets or liabilities affected in future periods.

SEC original ↗Bumble Inc. — 10-Q Quarterly report10-QAug 6, 2026