Grindr Inc. reports on its social networking platform for gay, bi, trans, and queer people and the business performance of the Grindr app. Company news commonly covers shareholder letters, revenue and Adjusted EBITDA outlook, app engagement, brand partnerships and in-app experiences, Grindr for Equality initiatives, share repurchase authorizations, board composition, and executive appointments.
Updates also address legal, regulatory, and labor-related matters when they affect costs, governance, or public-company operations.
Grindr Inc. (NYSE: GRND), the leading social network for the LGBTQ community, will participate in key investor events this February and March 2023. Events include: Deutsche Bank’s 31st Annual Media, Internet & Telecom Conference on February 27, featuring CFO Vanna Krantz; virtual meetings at Susquehanna's 12th Annual Technology Conference on March 3; and the Morgan Stanley Technology, Media & Telecom Conference with CEO George Arison on March 8. Live webcasts will be accessible on Grindr’s investor relations website, with archived replays post-event. One-on-one meetings will also be available during these conferences.
Grindr has launched its annual report, GRINDR UNWRAPPED, showcasing user insights and queer pop culture highlights of 2022. The report includes data on the most active users in location value="LU/us.dc.wash" idsrc="xmltag.org"Washington, D.C., and top searched profile tags including 'Hung' and 'trans.' Taylor Swift's song topped the profile music list, while Beyoncé’s album was the most popular. Additionally, a new feature, Boost, increased profile visibility significantly, resulting in nearly 10x more views and 5x more chats for users.
Grindr Inc. reported third quarter revenue of $50.4 million, a 32% increase year-over-year, and year-to-date revenue of $140.5 million. However, the company faced a net loss of $(4.7) million for Q3 and $(4.3) million for the year-to-date. Adjusted EBITDA reached $24.0 million, a 17% year-over-year growth, revealing an adjusted EBITDA margin of 48%. Grindr began trading on the NYSE under the ticker GRND after completing its business combination on November 18, 2022. The results show positive growth in paying users, now at 815K, and an average revenue per paying user of $17.67.
Grindr Inc. (NYSE: GRND) announced that Chief Financial Officer Vanna Krantz will participate in a fireside chat at the Raymond James Technology Investors Conference on December 5, 2022, at 10:55 a.m. ET. Interested parties can access a live webcast on Grindr’s investor relations website. Grindr, launched in 2009, is the world's largest social network for the LGBTQ community with approximately 11 million monthly active users globally.