Welcome to our dedicated page for Grindr news (Ticker: $GRND), a resource for investors and traders seeking the latest updates and insights on Grindr stock.
Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Grindr's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.
Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Grindr's position in the market.
Rhea-AI Summary
Grindr Inc. (NYSE: GRND) has announced that it will release its financial results for the first quarter ended March 31, 2024, after the market closes on Thursday, May 9, 2024. The company will host a webcasted conference call to discuss its results at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time) on the same day.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.45%
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Rhea-AI Summary
Grindr unveils new mission to build digital Gayborhood at Web Summit Rio and introduces Roam™ to expand connections ahead of travel, aiming to transform social networking for the LGBTQ+ community globally.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.1%
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Rhea-AI Summary
Grindr Inc. partners with Burnett Foundation Aotearoa to offer free HIV self-test kits to Grindr users in New Zealand, expanding their global public health initiative. Over 235,000 test kits were distributed in 2023, with New Zealand being the latest country to benefit from this program.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.41%
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Rhea-AI Summary
Grindr Inc. (NYSE: GRND) announces its CFO's participation in a fireside chat at the 36th Annual ROTH Conference. The event will take place on March 18, 2024, at 2:00 PM PT in Dana Point, CA. Investors can access the live webcast on Grindr's investor relations website.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
5.49%
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Rhea-AI Summary
Grindr Inc. reported robust 2023 Q4 and full-year 2023 earnings, with $260 million in revenue, $55 million in operating income, a 21% net loss margin, and a 42% adjusted EBITDA margin. The company saw a 38% increase in revenue from paying users, with 121 billion chats sent in 2023. Grindr anticipates a 23% or greater revenue growth and a 40%+ adjusted EBITDA margin in 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
7.35%
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Rhea-AI Summary
Grindr Inc. (NYSE: GRND) to release financial results for Q4 and full year 2023 on March 7, 2024. Webcasted conference call to discuss results.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.27%
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Rhea-AI Summary
Grindr Inc. (NYSE: GRND) announces participation in upcoming investor events hosted by Morgan Stanley and Citizens JMP. The events will feature presentations by CEO George Arison and CFO Vanna Krantz, with live webcasts available on Grindr's investor relations website.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.71%
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Rhea-AI Summary
Grindr Inc. (NYSE: GRND) partners with Ex-Human to enhance its in-house artificial intelligence capabilities, aiming to improve the dating experience for the LGBTQ+ community. The partnership will leverage Ex-Human's AI models to create new features while prioritizing user privacy and data control. Grindr plans to release AI prototypes in 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.83%
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Rhea-AI Summary
Grindr Inc. (NYSE:GRND) completes a refinancing via a new $300 million Term Loan A facility and a $50 million Revolving Credit facility. The transaction is expected to reduce interest expense by approximately $17M in 2024. The joint lead arrangers of the transaction are J.P. Morgan, Bank of America, Citizens Bank, and Silicon Valley Bank, with Capital One also participating as a lender. The new facilities mature in November 2028 and bear interest at a rate equal to Term SOFR plus an applicable margin of 275 to 325 basis points above the Secured Overnight Financing Rate (SOFR), based on Grindr’s leverage.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
7.31%
Tags
Rhea-AI Summary
Grindr Inc. (NYSE: GRND) to Participate in Fireside Chat at Raymond James TMT and Consumer Conference on December 4, 2023
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.44%
Tags
Grindr Inc.
NYSE:GRND
GRND Rankings
GRND Stock Data
1.86B
17.59M
92.26%
7.29%
1.77%
Software - Application
Technology
United States of America
WEST HOLLYWOOD
About GRND
we are all software craftsmen at heart and engineering excellence is at the focal point of everything we do at grindr. we are an agile shop and we use pair programming together with behavior-driven development (bdd) principles to build amazing things. no line of code is ever written by just one developer and we have over 90% of test code coverage. our users today have a choice of ios and android native clients powered by grindr 3.0 back-end utilizing non-blocking i/o akka and scala framework. we build our business components using java programming language and we use zookeper to configure aws elastic beanstalk clusters running grindr. our infrastructure depends on heavy usage of advanced cloud computing and caching techniques to scale massively around the world. we support over 1mm active hourly users pushing 10k api calls per second sending over 135mm chat messages per day. we use redis, elastisearch, amqp rabbitmq, amazon rds and dynamodb, as well as, erlang based mongooseim to