Bumble Inc. (NASDAQ:BMBL) Q3 2024 Earnings Conference Call November 6, 2024 4:30 PM ET

Company Participants

Cherryl Valenzuela - VP, IR
Lidiane Jones - CEO
Anuradha Subramanian - CFO

Conference Call Participants

Ygal Arounian - Citi Group
Shweta Khajuria - Wolfe Research.
Eric Sheridan - Goldman Sachs
Nathan Feather - Morgan Stanley
Benjamin Black - Deutsche Bank
Robert Coolbrith - Evercore ISI
Laura Champine - Loop Capital

Operator

Hello and welcome to the Bumble Third Quarter 2024 Financial Results Conference Call. My name is Elliot and I'll be coordinating your call today. [Operator Instructions].

I'll hand over to Cherryl Valenzuela, Vice President of Investor Relations. Please go ahead.

Cherryl Valenzuela

Thank you for joining us to discuss Bumble's third quarter 2024 financial results. Joining me today are Bumble CEO Lidiane Jones and CFO Anu Subramanian. 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 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 and factors and risks that could cause action results to differ materially from these forward-looking statements are discussed in more detail in today's earnings press release and our periodic filings to the SEC.

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. Reconciliation for the most comparable GAAP measures are available in our earnings press release, which is available on the Investor Invention section of our website at ir.bumble.com.

And with that, I'll turn it over to Lidiane.

Lidiane Jones

Thank you, Cherryl, and good afternoon, everyone. In the third quarter, we delivered on our key financial objectives and made good progress on our strategy to deliver sustainable growth for the long term. Total revenue and Bumble app revenue came within our Q3 outlook ranges, while our team's strong operational focus led to adjusted EBITDA for Q3 that exceeded our outlook.

We're operating with discipline and generating solid cash flow, which has enabled us to repurchase $120 million in stock since we reported in August. Anu will walk you through more details on the quarter in a moment.