Grindr Inc Stock Price, News & Analysis

Grindr (NYSE: GRND) reported its Q4 and full year 2022 earnings, highlighting a full-year operating income of $13 million and an adjusted EBITDA margin of 44%. The company achieved a remarkable 41% revenue growth from paying users, with 111 billion chats and 999 million album shares sent throughout the year. Looking ahead, Grindr projects revenue growth of at least 25% and anticipates an EBITDA margin of over 38% for 2023. This information was detailed in their inaugural shareholder letter, emphasizing plans to enhance monetization and user experience.

Grindr Inc. (NYSE: GRND), the leading LGBTQ social network, will participate in two investor events in March 2023. The first is the JMP Securities Technology Conference on March 7 at 12:00 PM PT in San Francisco, featuring CEO George Arison and CFO Vanna Krantz. The second event is the New Street Research Online Dating Summit on March 14 at 11:30 AM ET, which will be conducted virtually. Live webcasts for both chats will be accessible on Grindr’s investor relations website, with archived replays available afterward.

Grindr serves approximately 11 million active users worldwide, facilitating connections in the queer community.

Grindr Inc. (NYSE: GRND) has initiated a shareholder Q&A through Say Technologies ahead of its upcoming earnings call on March 6, 2023, at 2:00 p.m. PT. Shareholders can submit and upvote questions until 24 hours prior to the event. The live discussion will present the company's financial results for the fourth quarter and full year 2022. With around 11 million monthly active users, Grindr continues to expand its platform to support the LGBTQ community, enhancing user engagement and connection.

Grindr Inc. (NYSE: GRND) will release its financial results for the fourth quarter and full year ended December 31, 2022 after market close on March 6, 2023. The results will be available via a press release posted on its Investor Relations website. Following the release, Grindr will host a webcasted conference call at 2:00 p.m. PT (5:00 p.m. ET) to discuss the results. Grindr, with approximately 11 million monthly active users, has been a key platform for the LGBTQ community since its inception in 2009.

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 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.