Earnings (Loss) per Share / Unit

6 Months Ended

Jun. 30, 2022

Note 13 - Earnings (Loss) per Share / Unit

The Company computes earnings per share (“EPS”) of Class A common stock using the two-class method required for participating securities. The Company considers unvested restricted shares and vested RSUs to be participating securities because holders are entitled to be credited with dividend equivalent payments, upon the payment by the Company of dividends on shares of Common Stock.

Undistributed earnings allocated to participating securities are subtracted from net earnings (loss) attributable to Bumble Inc. in determining net earnings (loss) attributable to common stockholders. Basic EPS is computed by dividing net earnings (loss) attributable to common stockholders / unitholders by the weighted-average number of shares of our Class A Common Stock / Units outstanding.

For the calculation of diluted EPS, net earnings (loss) attributable to common stockholders / unitholders for basic EPS is adjusted by the effect of dilutive securities.

Diluted EPS attributable to common stockholders / unitholders is computed by dividing the resulting net earnings (loss) attributable to common stockholders / unitholders by the weighted-average number of common shares / units outstanding, adjusted to give effect to dilutive elements including restricted shares, RSUs, and options to the extent these are dilutive.

The following table sets forth a reconciliation of the numerators used to compute the Company's basic and diluted earnings (loss) per share / unit (in thousands):


	Three Months Ended June 30, 2022			Three Months Ended June 30, 2021			Six Months Ended June 30, 2022		Six Months Ended June 30, 2021
Numerator:
Net earnings (loss)	$	(6,423	)	$	(11,147	)	$	17,515	$	312,295
Net earnings (loss) attributable to noncontrolling interests		(2,031	)		(4,064	)		5,512		(22,412	)
Net earnings (loss) attributable to Bumble Inc. shareholders / Buzz Holdings L.P. owners	$	(4,392	)	$	(7,083	)	$	12,003	$	334,707

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 June 30, 2022			Three Months Ended June 30, 2021			Six Months Ended June 30, 2022		Six Months Ended June 30, 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	$	(4,392	)	$	(7,074	)	$	11,981	$	196,398
Less: net earnings (loss) attributable to participating securities		—			—			13		589
Net earnings (loss) attributable to common stockholders / unitholders	$	(4,392	)	$	(7,074	)	$	11,968	$	195,809
Denominator
Weighted average number of shares of Class A common stock / units outstanding		129,398,184			119,814,297			129,316,467		117,520,382
Basic earnings (loss) per share / unit attributable to common stockholders / unitholders	$	(0.03	)	$	(0.06	)	$	0.09	$	1.67

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	$	(4,392	)	$	(7,074	)	$	11,832	$	191,358
Increase in net earnings (loss) attributable to common shareholders upon conversion of potentially dilutive Common Units		—			—			5,683		120,937
Less: net earnings (loss) attributable to participating securities		—			—			13		574
Net earnings (loss) attributable to common stockholders / unitholders	$	(4,392	)	$	(7,074	)	$	17,502	$	311,721
Denominator
Number of shares / units used in basic computation		129,398,184			119,814,297			129,316,467		117,520,382
Add: weighted-average effect of dilutive securities
Restricted shares		—			—			—		—
RSUs		—			—			684,071		976,452
Options		—			—			—		11,026
Common Units to Convert to Class A Common Stock		—			—			61,501,508		73,523,363
Weighted average shares of Class A common stock / units outstanding used to calculate diluted earnings (loss) per share / unit		129,398,184			119,814,297			191,502,046		192,031,223
Diluted earnings (loss) per share / unit attributable to common stockholders / unitholders	$	(0.03	)	$	(0.06	)	$	0.09	$	1.62

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 June 30, 2022		Three Months Ended June 30, 2021		Six Months Ended June 30, 2022		Six Months Ended June 30, 2021
Time-vesting awards:
Options		2,773,714		1,997,390		2,773,714		1,967,911
Restricted shares		63,244		177,105		—		—
RSUs		4,180,300		2,373,040		995,154		59,230
Incentive units		4,282,841		5,668,263		446,550		182,059
Total time-vesting awards		11,300,099		10,215,798		4,215,418		2,209,200

Exit-vesting awards:
Options		164,362		222,424		164,362		222,424
Restricted shares		68,793		135,770		—		—
RSUs		944,710		1,292,555		944,710		1,292,555
Incentive units		4,324,868		4,384,917		4,324,868		4,384,917
Total exit-vesting awards		5,502,733		6,035,666		5,433,940		5,899,896
Total		16,802,832		16,251,464		9,649,358		8,109,096