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Grindr (GRND) - 2024 Q2 - Earnings Call Transcript
2024-08-10 11:49
Grindr Inc. (NYSE:GRND) Q2 2024 Earnings Conference Call August 8, 2024 5:00 PM ET Company Participants Tolu Adeofe – Head-Investor Relations George Arison – Chief Executive Officer Vanna Krantz – Chief Financial Officer Conference Call Participants Nick Jones – Citizens JMP Operator Good afternoon. My name is Stephanie, and I will be your conference operator today. At this time, I would like to welcome everyone to the Grindr’s Second Quarter 2024 Earnings Conference Call. All lines have been placed on mute ...
Grindr (GRND) - 2024 Q2 - Earnings Call Presentation
2024-08-09 17:39
Q2 2024 LETTER TO SHAREHOLDERS 1 Shareholder Letter Second Quarter 2024 August 8, 2024 Q2 2024 Dear Grindr Shareholders, Grindr delivered outstanding Q2 results. Our outperformance was driven by continued MAU growth, higher conversion rates, and robust growth in our advertising business. Given the strong performance we've seen so far in 2024, we are raising our full year guidance. We now expect 2024 revenue growth of 27% or greater and Adjusted EBITDA margin of 42% or greater. Q2 2024 Achieved 34% year-over ...
Grindr Inc. (GRND) Beats Q2 Earnings and Revenue Estimates
ZACKS· 2024-08-09 00:36
Grindr Inc. (GRND) came out with quarterly earnings of $0.07 per share, beating the Zacks Consensus Estimate of $0.05 per share. This compares to earnings of $0.13 per share a year ago. These figures are adjusted for nonrecurring items. This quarterly report represents an earnings surprise of 40%. A quarter ago, it was expected that this company would post earnings of $0.03 per share when it actually produced earnings of $0.03, delivering no surprise. Over the last four quarters, the company has surpassed c ...
Grindr (GRND) - 2024 Q2 - Quarterly Report
2024-08-08 20:37
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ________________________ FORM 10-Q ________________________ (Mark One) xQUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2024 OR ☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _________ to _________ Commission file number 001-39714 ________________________ Grindr Inc. ...
Grindr (GRND) - 2024 Q2 - Quarterly Results
2024-08-08 20:09
Exhibit 99.1 Grindr Inc. Reports Second Quarter 2024 Revenue Growth of 34%, Raises Revenue and Adjusted EBITDA Guidance Second Quarter 2024 Revenue of $82 Million, Operating Income of $25 Million Net Loss Margin of 27% and Adjusted EBITDA Margin of 45% Raising FY 2024 Guidance to 27% or Greater Revenue Growth and 42%+ Adjusted EBITDA Margin TM LOS ANGELES, CA – August 8, 2024 – Grindr Inc. (NYSE: GRND), the Global Gayborhood in Your Pocket , today posted its financial results for the second fiscal quarter e ...
Grindr Inc. (GRND) is a Great Momentum Stock: Should You Buy?
ZACKS· 2024-07-17 17:01
While many investors like to look for momentum in stocks, this can be very tough to define. There is a lot of debate surrounding which metrics are the best to focus on and which are poor quality indicators of future performance. The Zacks Momentum Style Score, part of the Zacks Style Scores, helps address this issue for us. It's also important to note that Style Scores work as a complement to the Zacks Rank, our stock rating system that has an impressive track record of outperformance. Grindr Inc. Currently ...
Grindr (GRND) - 2024 Q1 - Earnings Call Transcript
2024-05-10 20:55
Grindr Inc. (NYSE:GRND) Q1 2024 Earnings Conference Call May 9, 2024 5:00 PM ET Company Participants Tolu Adeofe - Head of Investor Relations George Arison - Chief Executive Officer Vanna Krantz - Chief Financial Officer Conference Call Participants Nick Jones - Citizens JMP Andrew Marok - Raymond James Rohit Kulkarni - ROTH MKM Operator Good afternoon. My name is Clouie, and I will be your conference operator today. At this time, I would like to welcome everyone to the Grindr Q1 2024 Earnings Conference Ca ...
Grindr (GRND) - 2024 Q1 - Quarterly Report
2024-05-10 20:28
Table of Contents For the quarterly period ended March 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _________ to _________ Commission file number 001-39714 ________________________ Grindr Inc. UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ________________________ (Mark One) x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Securities registered ...
Grindr (GRND) - 2024 Q1 - Quarterly Results
2024-05-09 20:09
Grind Grindr is off to a great start in 2024, delivering year-over-year revenue growth of 35% and an Adjusted EBITDA margin of 42% in Q1 2024. These results, along with continued strength in our key metrics and momentum in product development, are setting us up for a strong year. As previously indicated, we expect to see elevated revenue growth rates in the first half of 2024 due to our XTRA Weekly subscription offering, which was fully rolled out in May 2023. Our 2024 strategic priorities are focused not o ...
Grindr Dating App Shared HIV Status Of English Users With Advertisers, New Lawsuit Says
Forbes· 2024-04-22 13:36
ToplineA class action lawsuit with hundreds of claimants was filed at the High Court in London Monday as plaintiffs accuse the LGBTQ+ dating app Grindr of sharing sensitive medical information, including HIV status, with advertisers, who then allegedly sold that data on to other businesses, multiple outlets reported.The Grindr app logo is seen amongst other dating apps on a mobile phone screen in London, England. Getty Images Key FactsEnglish law firm Austen Hays alleges Grindr breached data protection laws ...