Grindr Q2 revenue up 34% to $82M, raises FY24 guidance to 27%+ growth, 42%+ EBITDA margin

Grindr Inc.

2024-Q2 EPS reported -$0.18 revenue$157,690,000

Q2 revenue $82M (+34% YoY); operating income $25M; net loss $22M including $35M warrant liability change.
Adjusted EBITDA $37M (45% margin), up 37% YoY; free cash flow $14M.
Avg paying users 1.1M (+14% YoY); ARPPU $22.08 (+16%); avg MAUs 14.1M (+7%).
Raised FY2024 guidance: revenue growth 27% or greater, Adjusted EBITDA margin 42% or greater.
Direct revenue $70M (+31% YoY); indirect revenue $12M (+50% YoY) driven by third-party ads.

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