Bumble Inc. is a social media company and the parent company of online dating services Bumble and Badoo. In 2023, North America generated 597.55 million U.S. dollars in revenues for the company, whilst the rest of the world generated 454.29 million U.S. dollars. Overall, the financial year 2023 saw the highest annual revenue yet for the online dating service company.
Annual revenue generated by Bumble Inc. from 2018 to 2023, by region
(in million U.S. dollars)
Characteristic
North America
Rest of the world
2023 (Successor)
597.55
454.29
2022 (Successor)
546.49
357.02
2021 (Successor)
442.15
323.51
January 29, through December 31, 2020 (Successor)
301.88
240.31
January 1, 2020 through January 28, 2020* (Predecessor)
The United States is the only country with revenues of 10 percent or more of the company’s total revenue.
*This Annual Report includes certain historical consolidated financial and other data for Buzz Holdings L.P., a Delaware limited partnership (“Bumble
Holdings”). Bumble Holdings was formed primarily as a vehicle to finance 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. (“Blackstone”). As Bumble Holdings did not
have any previous operations, Worldwide Vision Limited, a Bermuda exempted limited company, and its subsidiaries (the “Predecessor”) is viewed as the
predecessor to Bumble Holdings and its consolidated subsidiaries (the “Successor”).
On January 29, 2020, Worldwide Vision Limited was merged via a solvent transfer of trade and assets into Buzz Merger Sub Limited, a Bermuda limited
company and indirect subsidiary of Bumble Holdings, which carried forward and continued to operate the Worldwide Vision Limited trade as of that date.
As a result, on January 29, 2020, Worldwide Vision Limited ceased to exist and Buzz Merger Sub Limited was subsequently renamed Worldwide Vision
Limited. On September 9, 2020, Worldwide Vision Limited merged with and into Buzz Finco L.L.C., a Delaware limited liability company and an indirect
subsidiary of Bumble Holdings., with Buzz Finco L.L.C. surviving such merger.
Bumble Inc. was incorporated as a Delaware corporation on October 5, 2020. Prior to the completion of its initial public offering (the “IPO”) on February
16, 2021, Bumble Inc. undertook certain reorganization transactions (the “Reorganization Transactions”) such that Bumble Inc. is now a holding company,
and its sole material asset is a controlling equity interest in Bumble Holdings. As the general partner of Bumble Holdings, Bumble Inc. now operates and
controls all of the business and affairs of Bumble Holdings, has the obligation to absorb losses and receive benefits from Bumble Holdings and, through
Bumble Holdings and its subsidiaries, conduct its business. As a result, the consolidated financial statements of Bumble Inc. will recognize the assets and
liabilities received in the Reorganization Transactions at their historical carrying amounts, as reflected in the historical financial statements of Bumble
Holdings. Bumble Inc. will consolidate Bumble Holdings on its consolidated financial statements and record a non-controlling interest, related to the
Common Units (as defined below) and the Incentive Units (as defined below) held by its pre-IPO owners, on its consolidated balance sheet and statement
of operations.
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Bumble. (February 27, 2024). Annual revenue generated by Bumble Inc. from 2018 to 2023, by region (in million U.S. dollars) [Graph]. In Statista. Retrieved December 06, 2024, from https://www.statista.com/statistics/1232152/annual-bumble-revenue-by-region/
Bumble. "Annual revenue generated by Bumble Inc. from 2018 to 2023, by region (in million U.S. dollars)." Chart. February 27, 2024. Statista. Accessed December 06, 2024. https://www.statista.com/statistics/1232152/annual-bumble-revenue-by-region/
Bumble. (2024). Annual revenue generated by Bumble Inc. from 2018 to 2023, by region (in million U.S. dollars). Statista. Statista Inc.. Accessed: December 06, 2024. https://www.statista.com/statistics/1232152/annual-bumble-revenue-by-region/
Bumble. "Annual Revenue Generated by Bumble Inc. from 2018 to 2023, by Region (in Million U.S. Dollars)." Statista, Statista Inc., 27 Feb 2024, https://www.statista.com/statistics/1232152/annual-bumble-revenue-by-region/
Bumble, Annual revenue generated by Bumble Inc. from 2018 to 2023, by region (in million U.S. dollars) Statista, https://www.statista.com/statistics/1232152/annual-bumble-revenue-by-region/ (last visited December 06, 2024)
Annual revenue generated by Bumble Inc. from 2018 to 2023, by region (in million U.S. dollars) [Graph], Bumble, February 27, 2024. [Online]. Available: https://www.statista.com/statistics/1232152/annual-bumble-revenue-by-region/