[8-K] Bumble Inc. Reports Material Event

Rhea-AI Filing Summary

Bumble (NASDAQ:BMBL) announced a significant workforce reduction of approximately 240 roles, representing 30% of its global employees. The company expects to incur $13-18 million in non-recurring charges primarily for severance and benefits, mostly in Q3-Q4 2025. The restructuring aims to achieve $40 million in annual cost savings, with plans to reinvest most savings into product and technology development. Additionally, Bumble updated its Q2 2025 outlook, projecting revenue of $244-249 million and adjusted EBITDA of $88-93 million.

Positive

• Expected $40 million in annual cost savings from restructuring
• Strategic reinvestment of savings into product and technology development
• Clear financial guidance provided for Q2 2025 performance

Negative

• Significant workforce reduction affecting 30% of global employees
• $13-18 million in restructuring charges expected
• Extended implementation timeline due to international consultation requirements

Insights

Financial Analyst

Major restructuring signals strategic pivot with 30% workforce reduction aimed at improving operational efficiency while maintaining growth investments.

The scale of this workforce reduction, impacting 30% of employees, represents a significant operational transformation. The projected $40 million in annual cost savings against $13-18 million in one-time charges suggests a relatively quick payback period. The company's decision to reinvest most savings into product and technology development indicates a strategic shift toward automation and technological efficiency rather than pure cost-cutting. The updated Q2 guidance and restructuring timeline provide clear metrics for tracking execution effectiveness.

HR Strategy Consultant

Large-scale workforce reduction requires careful execution across multiple jurisdictions, with extended implementation timeline due to local requirements.

The restructuring's global nature introduces significant complexity, with local consultation requirements potentially extending the process beyond Q4 2025. The substantial severance package ($13-18 million for 240 roles) suggests a comprehensive support approach for affected employees. The concentration of charges in Q3-Q4 2025 indicates an accelerated implementation timeline in major markets, though international requirements may extend the full completion date.

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d)

of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): June 23, 2025

Bumble Inc.

(Exact name of Registrant as Specified in Its Charter)

Delaware		001-40054		85-3604367
(State or Other Jurisdiction of Incorporation)		(Commission File Number)		(IRS Employer Identification No.)
1105 West 41st Street
Austin, Texas				78756
(Address of Principal Executive Offices)				(Zip Code)

Registrant’s Telephone Number, Including Area Code: 512 696-1409

Not Applicable

(Former Name or Former Address, if Changed Since Last Report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class		Trading Symbol(s)		Name of each exchange on which registered
Class A common stock, par value $0.01 per share		BMBL		The Nasdaq Stock Market LLC

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 2.05 Costs Associated with Exit or Disposal Activities.

On June 23, 2025, the Board of Directors of Bumble Inc. (the “Company”) approved a reduction in the Company’s global workforce by approximately 240 roles, representing approximately 30% of the Company’s employees, as the Company realigns its operating structure to optimize execution on its strategic priorities. As a result, the Company expects to incur approximately $13 million to $18 million of non-recurring charges, consisting primarily of employee severance, benefits, and related charges, for impacted employees. Substantially all of these charges are expected to result in future cash outlays.

The Company expects that the charges will be incurred primarily in the third and fourth quarters of 2025. The actions associated with the elimination of positions are subject to local law and consultation requirements in certain countries, which may extend this process beyond the fourth quarter of 2025. These estimates are subject to a number of assumptions and actual expenses may differ materially from the estimates disclosed above.

Item 7.01 Regulation FD Disclosure.

Cost Savings

The Company expects to achieve up to $40 million of annual cost savings in connection with the global workforce reduction disclosed in Item 2.05 of this Current Report on Form 8-K. The Company plans to reinvest the substantial majority of these savings in strategic initiatives including product and technology development.

Updated Outlook

A reconciliation of Adjusted EBITDA (as defined below) to net earnings (loss) calculated under generally accepted accounting principles in the United States (“GAAP”) has not been provided for the updated outlook included below as the quantification of certain items included in the calculation of GAAP net earnings (loss) cannot be calculated or predicted at this time without unreasonable efforts. For example, the non-GAAP adjustment for stock-based compensation expense requires additional inputs such as number of shares granted and market price that are not currently ascertainable, and the non-GAAP adjustment for certain legal, tax and regulatory reserves and expenses depends on the timing and magnitude of these expenses and cannot be accurately forecasted. For the same reasons, the Company is unable to address the probable significance of the unavailable information, which could have a potentially unpredictable, and potentially significant, impact on its future GAAP financial results.

The Company is also updating its previously announced financial outlook for the second quarter 2025. The Company now expects total Bumble Inc. revenue between $244 million and $249 million, and adjusted EBITDA between $88 million and $93 million.

Employee Communication

On June 25, 2025, the Company issued an employee communication relating to the workforce reduction, which is shared in part as Exhibit 99.1 to this Form 8-K and is incorporated by reference.

The information furnished pursuant to this Item 7.01, including Exhibit 99.1, shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”) or otherwise subject to the liabilities under that Section and shall not be deemed to be incorporated by reference into any filings under the Securities Act of 1933, as amended, or the Exchange Act.

Forward-Looking Statements

This current report on Form 8-K contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements reflect the Company’s current views with respect to, among other things: its operations, including the plan to implement a global workforce reduction and restructuring of the Company’s operations and the plan’s expected impact; its financial performance; its industry and its business. Forward-looking statements include all statements that are not historical facts. In some cases, you can identify these forward-looking statements by the use of words such as “outlook,” “believe(s),” “expect(s),” “potential,” “continue(s),” “may,” “will,” “should,” “could,” “would,” “seek(s),” “predict(s),” “intend(s),” “trends,” “plan(s),” “estimate(s),” “anticipate(s),” “projection,” “will likely result” and or the negative version of these words or other comparable words of a future or forward-looking nature. Such forward-looking statements are subject to various risks and uncertainties. Accordingly, there are or will be important factors that could cause actual outcomes or results to differ materially from those indicated in these statements. These factors include but are not limited to those described under “Item 1A. Risk Factors” in the Company’s Annual Report on Form 10-K for the year ended December 31, 2024 filed with the Securities and Exchange Commission (the “SEC”) as such factors may be updated from time to time in the Company’s periodic filings with the SEC. These factors should not be construed as exhaustive and should be read in conjunction with the other cautionary statements that are included in the Company’s filings with the SEC. We undertake no obligation to publicly update or review any forward-looking statement, whether as a result of new information, future developments or otherwise, except as required by law.

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Non-GAAP Financial Measures

We report our financial results in accordance with GAAP; management believes, however, that certain non-GAAP financial measures provide users of our financial information with useful supplemental information that enables a better comparison of our performance across periods. We believe Adjusted earnings before interest, taxes, depreciation and amortization (“Adjusted EBITDA”) provides visibility to the underlying continuing operating performance by excluding the impact of certain expenses, including income tax (benefit) provision, interest and derivative (gains) losses, net, depreciation and amortization expense, stock-based compensation expenses, 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 costs associated with restructuring, as management does not believe these expenses are representative of our core earnings.

Our non-GAAP financial measures may not be comparable to similarly titled measures used by other companies, have limitations as analytical tools and should not be considered in isolation, or as substitutes for analysis of our operating results as reported under GAAP. Additionally, we do not consider our non-GAAP financial measures as superior to, or a substitute for, the equivalent measures calculated and presented in accordance with GAAP.

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.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits.

Exhibit Number		Description of Exhibit
99.1		Message from CEO Whitney Wolfe Herd to employees on June 25, 2025
104		Cover Page Interactive Data File (embedded within the Inline XBRL document)

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SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

				BUMBLE INC.
Date: June 25, 2025				By:		/s/ Deirdre Runnette
				Name:		Deirdre Runnette
				Title:		Chief Legal Officer

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FAQ

How many employees will be affected by Bumble's workforce reduction?

Approximately 240 roles will be eliminated, representing about 30% of Bumble's global workforce.

What are the expected cost savings from Bumble's restructuring?

Bumble expects to achieve up to $40 million in annual cost savings from the global workforce reduction.

What is Bumble's updated Q2 2025 revenue guidance?

Bumble projects Q2 2025 revenue between $244 million and $249 million, with adjusted EBITDA between $88 million and $93 million.

How much will Bumble's restructuring cost?

The company expects to incur $13 million to $18 million in non-recurring charges, primarily for employee severance and benefits.