Grindr Q3 revenue up 27% to $89M; raises FY 2024 guidance to 29%+ growth

Grindr Inc.

2024-Q3 EPS reported -$0.04 revenue$247,015,000

Net income of $25M (28% margin); diluted EPS $0.09.
Adjusted EBITDA $40M (45% margin), up 23% YoY.
Avg paying users 1.11M (+15% YoY); ARPPU $23.07 (+8% YoY); MAUs 14.6M (+8% YoY).
FY 2024 revenue guidance raised to 29%+ growth; Adj. EBITDA margin 42%+.
Free cash flow $28M in Q3; operating cash flow $29M (+250% YoY).

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