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Earnings (Loss) per Share / Unit (Tables)
3 Months Ended
Mar. 31, 2022
Earnings Per Share [Abstract]  
Schedule of Basic and Diluted Net Earnings (Loss) Per Share

The following table sets forth a reconciliation of the numerators used to compute the Company's basic and diluted earnings (loss) per share / unit for the three months ended March 31, 2022 and 2021 (in thousands).

 

 

Three Months
Ended
March 31,
2022

 

 

Three Months
Ended
March 31,
2021

 

Numerator:

 

 

 

 

 

 

Net earnings (loss)

 

$

23,938

 

 

$

323,442

 

Net earnings (loss) attributable to noncontrolling interests

 

 

7,543

 

 

 

(18,348

)

Net earnings (loss) attributable to Bumble Inc. shareholders / Buzz Holdings L.P. owners

 

$

16,395

 

 

$

341,790

 

 

The following table sets forth the computation of the Company's basic and diluted earnings (loss) per share / unit (in thousands, except share / unit amounts, and per share / unit amounts, unaudited).

 

 

Three Months
Ended
March 31,
2022

 

 

Three Months
Ended
March 31,
2021

 

Basic earnings (loss) per share / unit attributable to common stockholders / unitholders

 

 

 

 

 

 

Numerator

 

 

 

 

 

 

Allocation of net earnings (loss) attributable to Bumble Inc. shareholders / Buzz Holdings L.P. owners

 

$

16,375

 

 

$

201,142

 

Less: net earnings (loss) attributable to participating securities

 

 

20

 

 

 

627

 

Net earnings (loss) attributable to common stockholders / unitholders

 

$

16,355

 

 

$

200,515

 

Denominator

 

 

 

 

 

 

Weighted average number of shares of Class A common stock / units outstanding

 

 

129,233,843

 

 

 

115,230,399

 

Basic earnings (loss) per share / unit attributable to common stockholders / unitholders

 

$

0.13

 

 

$

1.74

 

 

 

 

 

 

 

 

Diluted earnings (loss) per share / unit attributable to common stockholders / unitholders

 

 

 

 

 

 

Numerator

 

 

 

 

 

 

Allocation of net earnings (loss) attributable to Bumble Inc. shareholders / Buzz Holdings L.P. owners

 

$

16,175

 

 

$

201,142

 

Increase in net earnings (loss) attributable to common shareholders upon conversion of potentially dilutive Common Units

 

 

7,763

 

 

 

121,326

 

Less: net earnings (loss) attributable to participating securities

 

 

20

 

 

 

 

Net earnings (loss) attributable to common stockholders / unitholders

 

$

23,918

 

 

$

322,468

 

Denominator

 

 

 

 

 

 

Number of shares / units used in basic computation

 

 

129,233,843

 

 

 

115,230,399

 

Add: weighted-average effect of dilutive securities

 

 

 

 

 

 

Restricted shares

 

 

 

 

 

190,508

 

RSUs

 

 

579,928

 

 

 

1,238,363

 

Options

 

 

 

 

 

11,820

 

Common Units to Convert to Class A Common Stock

 

 

61,516,126

 

 

 

74,417,632

 

Weighted average shares of Class A common stock / units outstanding used to calculate diluted earnings (loss) per share / unit

 

 

191,329,897

 

 

 

191,088,722

 

Diluted earnings (loss) per share / unit attributable to common stockholders / unitholders

 

$

0.13

 

 

$

1.69

 

Schedule of Potentially Dilutive Securities Excluded From the Diluted Earnings (Loss) Per Share

The following table sets forth potentially dilutive securities that were excluded from the diluted earnings (loss) per share computation because the effect would be anti-dilutive, or issuance of such shares is contingent upon the satisfaction of certain conditions which were not satisfied by the end of the periods:

 

 

 

Three Months
Ended
March 31,
2022

 

 

Three Months
Ended
March 31,
2021

 

Time-vesting awards:

 

 

 

 

 

 

Options

 

 

2,684,067

 

 

 

1,998,606

 

RSUs

 

 

1,165,808

 

 

 

 

Incentive units

 

 

507,237

 

 

 

121,372

 

Total time-vesting awards

 

 

4,357,112

 

 

 

2,119,978

 

Exit-vesting awards:

 

 

 

 

 

 

Options

 

 

164,362

 

 

 

222,424

 

RSUs

 

 

1,007,648

 

 

 

1,363,728

 

Incentive units

 

 

4,324,868

 

 

 

4,438,199

 

Total exit-vesting awards

 

 

5,496,878

 

 

 

6,024,351

 

Total

 

 

9,853,990

 

 

 

8,144,329