Grindr Q2 revenue up 32% to $61.5M; net income $22.3M; raises FY2023 guidance

Grindr Inc.

2023-Q2 EPS reported -$0.06 revenue$117,347,000

Revenue $61.5M (+32% YoY); net income $22.3M (36% margin); diluted EPS $0.13.
Adjusted EBITDA $26.9M (44% margin); operating income $13.9M (23% margin).
Average paying users 929k (+21% YoY); payer penetration 7.1%; ARPPU $19.08.
FY2023 guidance raised: revenue growth ≥28% (from ≥25%), adjusted EBITDA margin ≥41% (from ≥38%).
New weekly subscription offering drove paying user growth and ARPPU improvement.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Grindr Inc. reported the second fiscal quarter ended June 30, 2023 results: revenue $61.5 million, net income $22.3 million. Guidance raised.

Period: the second fiscal quarter ended June 30, 2023
Revenue: $61.5 million
Net income: $22.3 million
Guidance: raised
Result: reported results

Exact text from the filing

99.1) --- EX-99.1 2 brhc20057468_ex99-1.htm EXHIBIT 99.1 Exhibit 99.1 Grindr Inc. Reports Second Quarter 2023 Revenue Growth of 32%, Raises Guidance Second Quarter Revenue was $61.5 Million Net Income of $22.3 Million, Net Income Margin of 36% Operating Income of $13.9 Million, Adjusted EBITDA of $26.9 million and Adjusted EBITDA Margin of 44% Raising FY 2023

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Source: SEC EDGAR

accession 0001140361-23-039738

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