secwatch.observer — SEC 8-K summary
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Issuer:     Grindr Inc. (GRND)
CIK:        0001820144
Form:       8-K
Filed at:   2024-08-08T23:59:59+00:00
Accession:  0001820144-24-000037
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1820144/000182014424000037/0001820144-24-000037-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1820144/000182014424000037/grnd-20240808.htm
  HTML page:      https://secwatch.observer/filing/0001820144-24-000037

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