# Bumble Reports Without a Call: Revenue Down 16% on the Way to Going Private

_With its $1.3 billion sale to Ithaca Holdings pending, Bumble skipped its earnings release and call. Its 10-Q shows revenue of $207 million, down 15.9%, and a business that is still profitable._

Source: https://highintentmedia.com/news/bumble-q3-2026-10-q-revenue-down-16
Author: Bill Alena
Published: 2026-11-11T22:58:00+00:00
Last updated: 2026-11-10T14:56:55.095091+00:00
Category: Platforms

## Summary

Bumble skipped its earnings release and call for Q3 because of its pending $6.05-a-share sale to Ithaca Holdings. Its 10-Q shows revenue down 15.9% to $207.1 million, Bumble App revenue down 15.8%, net earnings of $31.6 million and higher marketing spend. Shareholder approval is already in hand by written consent.

## Key takeaways

- Bumble skipped its Q3 earnings release and call because of its pending sale to Ithaca Holdings at $6.05 a share.
- Q3 revenue fell 15.9% to $207.1 million; Bumble App revenue fell 15.8% to $167.3 million.
- Net earnings were $31.6 million while selling and marketing expense rose 16% to $38.0 million.
- Shareholder approval came by written consent from Blackstone affiliates and Whitney Wolfe Herd; no vote will be held.

Bumble did not issue an earnings release or hold a call for the third quarter. When it agreed on October 13 to be acquired by Ithaca Holdings for $6.05 a share in cash, it said it would skip both and file its quarterly report by November 9. That Form 10-Q is now on file with the SEC, and it is the clearest recent look at the business Ithaca is buying.

Total revenue for the quarter ended September 30 was $207.1 million, down 15.9% from $246.2 million a year earlier. Bumble App revenue fell 15.8% to $167.3 million. Badoo App and Other revenue was $39.8 million, down about 16%. For the first nine months, revenue was $630.0 million, down 15% from $741.5 million.

## Smaller, still profitable

Net earnings were $31.6 million, down from $51.6 million a year earlier, with $27.3 million attributable to Bumble shareholders, or $0.20 a diluted share. Selling and marketing expense rose 16% to $38.0 million, while general and administrative expense fell to $19.2 million from $46.3 million. Bumble recorded $169.3 million of impairment charges in the first nine months, none of it in the third quarter. It ended September with $190.3 million in cash and about $438 million of long-term debt, including the current portion. The filing also notes that the company "has not sought to generate revenue from the BFF app," its friend-finding product.

## What happens next

There will be no shareholder vote. As we reported in October, affiliates of Blackstone and founder Whitney Wolfe Herd approved the deal by written consent after the merger agreement was signed. Bumble will send other holders an information statement on Schedule 14C, and certain participants will file a Schedule 13E-3 transaction statement. The deal, which values the company at about $1.3 billion, still depends on customary closing conditions, including governmental and regulatory approvals. Neither the October announcement nor the 10-Q text we reviewed gives a closing date.

Why it matters: Once the deal closes, the category loses one of its few public benchmarks for a mainstream swipe app outside Match Group. The numbers show what Ithaca is paying for: a business shrinking at about 16% a year that is still profitable and is spending more on marketing even as revenue falls. For operators who compete with Bumble, a private Bumble with a long-term owner can make slower, bigger product bets without quarterly scrutiny. For founders, a take-private at roughly 138% above the unaffected share price, for a business in decline, shows that buyers still pay for a known brand and a profitable base.

Sources: Bumble Inc. Form 10-Q for the quarter ended September 30, 2026 (SEC) · Bumble Inc. to be acquired by Ithaca Holdings (Business Wire), October 13, 2026

## Sources

- [Bumble Inc. Form 10-Q for the quarter ended September 30, 2026 (SEC)](https://www.sec.gov/Archives/edgar/data/0001830043/000183004326000123/bmbl-20260930.htm), Sec
- [Bumble Inc. to be acquired by Ithaca Holdings (Business Wire), October 13, 2026](https://www.businesswire.com/news/home/20261013006131/en/Bumble-Inc.-to-Be-Acquired-by-Ithaca-Holdings-the-Long-Term-Holding-Company-for-Enduring-Technology-Businesses), Businesswire

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