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. (NYSE: GRND) is the company behind the Grindr app, a social networking platform for gay, bi, trans, and queer people that it calls the “Global Gayborhood in Your Pocket™.” This news page aggregates coverage of Grindr’s corporate developments, product-related announcements, cultural initiatives, and financial updates, giving readers a focused view of how the company evolves as a public technology issuer in the software–application sector.
Visitors can expect news about Grindr’s user community and cultural footprint, including features like GRINDR UNWRAPPED, the company’s annual queer year-in-review based on anonymous, aggregated data from its more than 15 million average monthly active users across 190+ countries and territories. These stories highlight how the platform reflects and amplifies LGBTQ+ culture, from pop culture rankings to insights on dating, travel, and in-app behavior.
Coverage also includes corporate and governance updates, such as changes to the board of directors, leadership appointments, and responses to non-binding proposals from large shareholders to take the company private. Readers can follow how Grindr’s special committee of independent directors evaluates such proposals and how ownership concentration among major shareholders shapes the company’s strategic options.
Financial and capital structure news is another key theme. Articles report on quarterly earnings releases, shareholder letters, and adjustments to Grindr’s credit facilities, including amendments that increase term loan and revolving credit capacity and extend maturities. Together, these updates provide context on how Grindr funds its operations, invests in growth, and manages its balance sheet.
By following this page, investors and interested readers can monitor how Grindr balances its role as a global LGBTQ+ community platform with the responsibilities and dynamics of being a publicly traded company.
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.
Grindr (NYSE:GRND), the leading LGBTQ+ social connector, has partnered with various organizations to offer in-app access to vital sexual health and safety resources across 30 countries. This initiative, led by Grindr for Equality, aims to provide localized, real-time information on HIV testing, public health services, and safety rights. Countries benefiting from this program include Brazil, Kenya, Spain, and Namibia, among others. Key partnerships include the European Test Finder, which helps users locate nearby testing and treatment centers for HIV and other STIs. Additionally, partnerships with organizations in Namibia, Bulgaria, the UK, and Czechia will extend sexual and mental health resources. Grindr for Equality has distributed over 440,000 free at-home HIV test kits in multiple countries and plans to expand these initiatives further.
Grindr (NYSE: GRND) hosted its first investor day in New York, unveiling plans to enhance user experiences and drive long-term growth. The company increased its 2024 revenue guidance from a minimum of 23% to at least 25%, maintaining an adjusted EBITDA guidance of at least 40%. Grindr aims for annual revenue growth of 20-25% through 2027, with adjusted EBITDA margins between 39-42%. Key highlights included the introduction of new AI-powered features and a multi-year product roadmap to expand its core dating services and develop new functionalities. The company’s strategy focuses on increasing user engagement and loyalty while expanding its 'Gayborhood' services through partnerships.
Grindr (NYSE: GRND), a leading social connector for the LGBTQ+ community, has announced its participation in two upcoming investor conferences. The company will be represented by CEO George Arison at the J.P. Morgan Global Technology, Media and Communications Conference in Boston on May 21, 2024, and by CFO Vanna Krantz at the TD Cowen Technology, Media & Telecom Conference in New York on May 30, 2024. Both events will feature fireside chat presentations, and live webcasts will be available on Grindr's investor relations website. Archived replays will also be accessible post-event.
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