Grindr raises FY2024 revenue guidance to $343-345M (32-33% YoY); redeems all warrants at $0.10

Grindr Inc.

2024-FY EPS reported -$0.74 revenue$344,636,000

Expects FY2024 revenue of $343-345M, up 32-33% YoY, exceeding prior guidance of at least 29% growth.
Reaffirms adjusted EBITDA margin of 42% or greater for FY2024.
Redeeming all 37.4M outstanding warrants at $0.10 each on Feb 24, 2025; holders may exercise by then.
Warrant exercise at $11.50 cash or cashless (max 0.361 shares per warrant); warrants delist Feb 21, 2025.
Outperformance driven by direct ad sales in December 2024 and continued strength in subscriptions/add-ons.

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