Grindr reports FY2023 revenue $260M (+33% YoY), guides 23%+ growth in 2024

Grindr Inc.

FY2023 revenue $260M (+33% YoY); operating income $55M; net loss $56M due to warrant liability & debt extinguishment.
Adjusted EBITDA $110M (42% margin); Avg Paying Users 937K (+19% YoY); ARPPU $20.05 (+16%).
Q4 2023 revenue $72M (+32% YoY); Q4 Adjusted EBITDA $29M (40% margin).
FY2024 guidance: revenue growth ≥23%; Adjusted EBITDA margin ≥40%.
121B chats in 2023; launched Weekly Xtra; refinanced debt in Q4 2023.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Grindr Inc. updated its the fiscal year ended December 31, 2023 guidance (raised).

Period: the fiscal year ended December 31, 2023
Guidance: raised
Result: reported results

Exact text from the filing

On March 7, 2024, Grindr Inc. (the “Company”) issued a press release and posted a shareholder letter and an investor presentation to its website announcing its financial results for the fiscal year ended December 31, 2023.

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Source: SEC EDGAR

accession 0001820144-24-000009

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