M&A
confidence high
sentiment positive
materiality 0.75
Grindr posts 42% revenue growth in H1 2022; SPAC merger on track for Q4 close
Grindr Inc.
- Revenue grew 42% YoY in H1 2022; Adjusted EBITDA grew 26% YoY.
- Paying user penetration at 6%; ARPU $17; new feature Boost launched.
- Users average 61 min/day; 80% ages 18-35; 11M MAUs in 190+ countries.
- Business combination with Tiga Acquisition Corp. expected Q4 2022; Vanna Krantz to join as CFO late Sep.