Recent Updates — BMBL

Ithaca Holdings entered into a definitive Agreement and Plan of Merger to acquire Bumble Inc. in an all-cash transaction valued at approximately $1.3 billion. Under the terms, holders of Class A common stock will receive $6.05 per share, representing a 138% premium to the unaffected closing price on October 9, 2026. The Board unanimously approved the deal following a recommendation by an independent Special Committee. Shareholder approval was secured via written consent from Principal Stockholders, eliminating the need for a formal vote at a meeting. The transaction is subject to customary closing conditions, including HSR antitrust clearance and regulatory approvals, with no financing condition attached. Ithaca plans to take Bumble private, with its Co-CEOs set to assume leadership roles while Founder Whitney Wolfe Herd remains involved. Bumble Inc. operates digital platforms for dating, friendship, and professional networking.

Bumble Inc. reported second quarter 2026 financial results for the period ended June 30, 2026. Total revenue decreased 15.2% to $210.5 million, driven by a 14.7% decline in Bumble App Revenue to $171.7 million and a 17.1% drop in Badoo App and Other Revenue to $38.8 million. Total paying users fell 16.4% to 3.2 million, while average revenue per paying user increased slightly by 1.2% to $21.96. The company reported a net loss of $127.9 million, which included a $169.3 million impairment charge, compared to a net loss of $367.0 million in the prior year period that included a larger $404.9 million impairment. Adjusted EBITDA was $72.9 million, or 34.6% of revenue, down from $94.6 million in the previous quarter. The company provided third quarter 2026 guidance anticipating total revenue between $205 million and $213 million and adjusted EBITDA between $56 million and $60 million. Bumble Inc. operates in the online dating industry, offering social discovery platforms including Bumble, Badoo, and BFF.

Jonathan C. Korngold notified the Board of Directors of his decision to resign from the Board effective June 30, 2026. The resignation follows his previously announced departure from Blackstone and was not the result of any disagreement with the company's management, board, operations, policies, or practices. Bumble Inc. operates in the technology industry and provides a social networking platform for dating and friendship.

Bumble Inc. held its 2026 Annual Meeting of Stockholders on June 4, 2026. Stockholders elected three Class II directors, ratified the appointment of Ernst & Young LLP as the independent auditor, and approved executive compensation on a non-binding advisory basis.