Grindr Q3 revenue up 39% to $70.3M; raises FY23 guidance to 31%+ growth

Grindr Inc.

2023-Q3 EPS reported -$0.06 revenue$187,605,000

Revenue $70.3M (+39% YoY); net loss narrows to $0.4M from $4.7M loss in Q3 2022.
Adjusted EBITDA $32.6M (46% margin); operating income $16.6M.
Average paying users 962k (+18%); ARPPU $21.33 (+21% YoY).
Raised FY2023 guidance: revenue growth 31%+ (from 28%+), EBITDA margin 41%+.
Headcount down 45% from peak due to hybrid return-to-office plan; new AI director hired.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 1.0

Grindr Inc. reported third quarter ended September 30, 2023 results: revenue $70.3 Million, net income Net Loss of $0.4 Million. Guidance raised.

Period: third quarter ended September 30, 2023
Revenue: $70.3 Million
Net income: Net Loss of $0.4 Million
Guidance: raised
Result: reported results

Exact text from the filing

Grindr Inc. Reports Third Quarter 2023 Revenue Growth of 39%, Raises Guidance Third Quarter Revenue was $70.3 Million Net Loss of $0.4 Million, Net Loss Margin of 1% Operating Income of $16.6 Million, Adjusted EBITDA of $32.6 million and Adjusted EBITDA Margin of 46% Raising FY 2023 Guidance to 31% or Greater Revenue Growth and 41%+ Adjusted EBITDA Margin

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Source: SEC EDGAR

accession 0001820144-23-000016

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