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.
Grindr Inc (GRND) operates the world's largest social networking app for LGBTQ communities, combining discreet connection features with cutting-edge mobile technology. This page serves as the definitive source for verified company announcements, providing investors and industry observers with timely updates on operational developments.
Access curated press releases spanning financial results, product enhancements, privacy initiatives, and strategic partnerships. Our repository includes SEC filings, leadership updates, and technology milestones – all essential for understanding Grindr's position in social networking and mobile software markets.
Key updates cover platform innovations leveraging agile development practices, cloud infrastructure expansions, and user growth metrics. Bookmark this resource to monitor how Grindr's engineering expertise in non-blocking I/O systems and secure architecture supports its unique market position.
For comprehensive tracking of GRND's business trajectory, revisit regularly for new announcements regarding international expansion, community initiatives, and technical advancements that drive this specialized social platform forward.
Grindr (NYSE: GRND) expects to exceed its 2024 revenue outlook with projections between $343 million and $345 million, representing a 32%-33% year-over-year growth. The company reaffirms its Adjusted EBITDA margin of 42% or greater for the full year 2024, driven by strong direct ad sales and continued subscription growth.
Grindr also announced the redemption of its public and private placement warrants. Holders can redeem warrants at $0.10 per warrant by 5:00 p.m. New York City time on February 24, 2025, or exercise their warrants for cash or on a cashless basis. As of the press release date, Grindr has 18,799,825 public warrants and 18,560,000 private placement warrants outstanding. The warrants will cease to be listed on the NYSE effective at the close of trading on February 21, 2025.
Holders who do not exercise by the deadline will receive $0.10 per warrant. Grindr has registered the shares underlying the warrants under the Securities Act of 1933. For redemption and exercise inquiries, holders can contact Continental Stock Transfer & Trust Company.
Grindr (NYSE: GRND) has announced its ambitious 2025 product roadmap, featuring six new intent-based travel and AI personalization products. The company plans to introduce AI-powered features including Chat Summaries, A-list for meaningful connections, For You personalized recommendations, and Discover for global profile matching.
Travel-focused features include Explore Heatmap for identifying local hotspots and Travel Pass offering unlimited Roam and Boost capabilities with chat translations. The company will also test new Gayborhood products in the health and wellness sector.
These launches build on Grindr's 2024 progress, which included the release of Right Now for immediate connections (currently in D.C. and Australia), Roam for travel connections, Super Boost for enhanced profile visibility, and AI assistant Wingman being tested with 10,000 U.S. users.
Grindr announced that its Roam feature, which allows users to explore and connect with locals worldwide, will be available for free during a 12-day holiday period from December 22 to January 2 in the U.S., sponsored by ViiV Healthcare. Typically priced at $5.99 per hour, Roam enables users to have their profiles appear on local grids in different cities or countries, facilitating connections for travel planning, relocation, or virtual exploration. The feature, launched earlier this year, has already helped thousands of users connect with locals before visiting new destinations.
Grindr (NYSE: GRND) announced its participation in the upcoming Raymond James 2024 TMT & Consumer Conference in New York. The company's Chief Financial Officer, Vanna Krantz, will engage in a fireside chat scheduled for Monday, December 9, 2024, at 11:20 AM ET.
The event will be accessible through a live webcast on Grindr's investor relations website, with an archived replay available after the presentation. This conference appearance represents an opportunity for investors to gain insights into the company's financial outlook and strategic direction.
Grindr (NYSE: GRND) reported a 27% revenue growth in Q3 2024, reaching $89 million. Net income stood at $25 million with a 28% net income margin. The company achieved an Adjusted EBITDA of $40 million and a 45% Adjusted EBITDA margin. As a result, Grindr has raised its FY 2024 revenue guidance to 29% or greater growth. CEO George Arison highlighted the company's strong performance and improvements in app features and user experience. The earnings webcast will be held on November 7, 2024, at 2:00 p.m. Pacific Time and can be accessed via Grindr’s Investor Relations website.
Grindr (NYSE: GRND) has scheduled its third quarter 2024 financial results announcement for Thursday, November 7, 2024, after market close. The company will publish a Shareholder Letter on its Investor Relations website, followed by a webcasted earnings conference call at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time). An archived version of the webcast will be available on the company's Investor Relations page for later viewing.
Grindr Inc. (NYSE: GRND), the Global Gayborhood in Your Pocket™, has announced its participation in two upcoming investor conferences. The company will be represented at Citi's 2024 Global TMT Conference in New York on September 5, 2024, with CFO Vanna Krantz leading a fireside chat at 4:40 PM ET. Additionally, Grindr will attend the Goldman Sachs Communacopia + Technology Conference in San Francisco on September 10, 2024, where CEO George Arison will present at 4:25 PM PT.
Both fireside chat presentations will be live-streamed on Grindr's investor relations website, with archived replays available after the events. These conferences provide Grindr with opportunities to engage with investors and showcase its business strategies and performance.
Grindr Inc. (NYSE: GRND) reported strong financial results for Q2 2024, with revenue growing 34% to $82 million. The company achieved an operating income of $25 million and an Adjusted EBITDA margin of 45%. Despite a net loss margin of 27%, Grindr raised its full-year 2024 guidance, projecting revenue growth of 27% or higher and an Adjusted EBITDA margin of 42%+.
CEO George Arison attributed the success to continued global user growth and enhanced product offerings. The company aims to further improve user experience and drive performance while progressing towards its vision of building the 'Global Gayborhood in Your Pocket™'.
Grindr Inc. (NYSE:GRND) has announced two key executive hires to accelerate growth and expand its engineering team. Brian Anderson joins as Vice President of Advertising, a newly created position, while Jianrui Wang becomes Head of Data Engineering. Anderson, formerly from YouTube, will focus on driving growth in Grindr's advertising business, leveraging his experience in developing innovative partnerships across media and entertainment. Wang, previously Director of Data Engineering at Peloton Interactive, will provide important data leadership and help expand Grindr's engineering team, particularly in the new Chicago hub.
These strategic hires aim to enhance Grindr's platform, deliver more relevant advertisements, and improve the app experience for its global LGBTQ+ user base. The company is positioning itself to monetize new features and expand its 'global Gayborhood' concept, all while maintaining a privacy-first approach.
Grindr (NYSE: GRND), the Global Gayborhood in Your Pocket, announced its Second Quarter 2024 Financial Results release date. The results for the quarter ending June 30, 2024, will be disclosed after market close on Thursday, August 8, 2024. The company will issue a press release once the Shareholder Letter is available on its Investor Relations website. Following the release, Grindr will host a webcasted conference call on the same day at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time) to discuss the results. An archived webcast will also be available on the Investor Relations page.
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