Bumble Inc. (NASDAQ:BMBL) Q1 2022 Earnings Conference Call May 11, 2022 4:30 PM ET
Company Participants
Cherryl Valenzuela - Vice President, Investor Relations
Whitney Wolfe Herd - Founder & Chief Executive Officer
Anu Subramanian - Chief Financial Officer
Tariq Shaukat - President
Conference Call Participants
Alexandra Steiger - Goldman Sachs
Shweta Khajuria - Evercore ISI
Cory Carpenter - JPMorgan
Dan Salmon - BMO Capital Markets
Benjamin Black - Deutsche Bank
Lauren Schenk - Morgan Stanley
James Heaney - Jefferies
John Blackledge - Cowen
Deepak Mathivanan - Wolfe Research
Operator
Good day, ladies and gentlemen, and thank you for standing by. Welcome to the Bumble Incorporated First Quarter 2022 Earnings Conference Call. At this time, all participants are in a listen-only mode. After the speakers' presentation, there will be a question-and-answer session. [Operator Instructions]
At this time, I would like to turn the conference over to Ms. Cherryl Valenzuela. Ma'am, you may begin.
Cherryl Valenzuela
Thank you for joining us to discuss Bumble's first quarter financial results. With me today are Whitney Wolfe 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 may be made on this call today that are forward-looking statements. These forward-looking statements are subject to various risks and uncertainties and reflect 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 statement to reflect changes that occur after this call. Descriptions of these factors and other 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, 2021, and our subsequent periodic filings.
During the call, we also refer to certain non-GAAP financial measures. These non-GAAP measures should be considered in addition to and not as 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 Wolfe Herd
Thanks, Cherryl. Good afternoon and thank you all for taking the time to join our call today. We had an excellent first quarter, achieving total group revenue of $211 million, driven by continued strength in Bumble App. Our total paying users exceeded 3 million with Bumble App adding 134,000 paying users sequentially.