Bumble, Inc. (NASDAQ:BMBL) Q2 2023 Earnings Conference Call August 8, 2023 4:30 PM ET
Company Participants
Cherryl Valenzuela - VP, IR
Whitney Herd - Founder, CEO & Director
Anuradha Subramanian - CFO
Tariq Shaukat - President
Conference Call Participants
Alexandra Steiger - Goldman Sachs Group
Ygal Arounian - Citigroup
Shweta Khajuria - Evercore ISI
Mark Kelley - Stifel, Nicolaus & Company
Andrew Marok - Raymond James & Associates
Nathaniel Feather - Morgan Stanley
Cory Carpenter - JPMorgan Chase & Co.
Operator
Hello, and thank you for joining Bumble's conference call. [Operator Instructions]. I will now hand the conference over to Cherryl Valenzuela, Vice President of Investor Relations. Please go ahead.
Cherryl Valenzuela
Thank you for joining us to discuss Bumble's Second Quarter Financial Results. With me today are Whitney Herd, Founder and CEO; Tariq Shaukat, President; and Anu Subramanian, CFO of Bumble.
Before we begin, I'd like to remind everyone that certain statements made on this call today are forward-looking statements. These forward-looking statements are subject to various risks and uncertainties and reflects our current expectations based on our beliefs, assumptions and information currently available to us. Although we believe these expectations are reasonable, we undertake no obligation to revise any statements to reflect changes that occur after this call. Descriptions of factors and risks that could cause actual results to differ materially from these forward-looking statements are discussed in more detail in our earnings press release and filings with the SEC including our annual report on Form 10-K for the year ended December 31, 2022, and our subsequent periodic filings.
During the call, we'll also refer to certain non-GAAP financial measures. These non-GAAP measures should be considered in addition to, and not a substitute for or in isolation from, our GAAP results. Reconciliations to the most comparable GAAP measures are available in today's earnings press release, which is available on the Investor Relations section of our website at ir.bumble.com.
And with that, I'll turn it over to Whitney.
Whitney Herd
Thank you, Cherryl, and good afternoon, everyone. Thanks for joining our call today. Our second quarter results demonstrates the strength of our apps and our solid execution on our goals for the year. We delivered a strong quarter with better-than-expected revenue growth, accelerating paying users and robust profitability.
Total Bumble Inc. revenue of $260 million was up 18% year-over-year, driven by Bumble app revenue growth of 23%. Our total paying users increased 20% to reach 3.6 million and adjusted EBITDA was $67 million, representing a 26% margin.