Grindr Q1 revenue $75.3M (+35% YoY), Adj. EBITDA margin 42%, guides FY rev growth ≥23%

Grindr Inc.

2024-Q1 EPS reported -$0.05 revenue$75,345,000

Revenue $75.3M, +35% YoY; operating income $19.3M (26% margin) vs $8.6M (15%) in Q1 2023.
Net loss $9.4M (12% margin) vs $32.9M (59%); Adj. EBITDA $31.6M (42% margin), +44% YoY.
Avg paying users 1.0M (+17% YoY); ARPPU $21.25 (+15% YoY); Avg MAUs 13.7M (+7% YoY).
FY 2024 guidance: revenue growth ≥23%, Adj. EBITDA margin ≥40%.
New chat system fully rolled out; two new products (Right Now, Roam) in development; eng headcount +50% QoQ.

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. reported the first fiscal quarter ended March 31, 2024 results: revenue $75.3M.

Period: the first fiscal quarter ended March 31, 2024
Revenue: $75.3M
Result: reported results

Exact text from the filing

for our user experience, given how heavily chat is used—with over 121 billion chats in 2023—and the vital role it plays in our user community. Dear Grindr Shareholders, Q1 2024 $75.3M revenue $31.6M adj. EBITDA +35% YoY growth 42% of revenue 3LETTER TO SHAREHOLDERS Q1 2024 We also continue to make great additions to our Grindr team. We’ve increased our

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Source: SEC EDGAR

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