secwatch.observer — SEC 8-K summary
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Issuer:     Grindr Inc. (GRND)
CIK:        0001820144
Form:       8-K
Filed at:   2024-05-09T23:59:59+00:00
Accession:  0001820144-24-000020
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1820144/000182014424000020/0001820144-24-000020-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1820144/000182014424000020/grnd-20240509.htm
  HTML page:      https://secwatch.observer/filing/0001820144-24-000020

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer