Grindr ( GRND ) reported 4Q24 results that were largely in line with consensus, as the quarter was communicated ahead of time. The company gave in-line FY25 guidance, and the shares sold off as the EBITDA guidanceAstrada Advisors delivers actionable recommendations that enhance portfolio performance and uncover alpha opportunities, supported by a strong track record in investment research at leading global investment banks. With expertise spanning technology, media, internet, and consumer sectors in North A ...

Group 1 - Grindr Inc. reported quarterly earnings of $0.09 per share, matching the Zacks Consensus Estimate, and showing an increase from $0.04 per share a year ago [1] - The company posted revenues of $97.62 million for the quarter ended December 2024, exceeding the Zacks Consensus Estimate by 0.43%, and up from $72.09 million year-over-year [2] - Grindr has surpassed consensus revenue estimates four times over the last four quarters [2] Group 2 - The stock has underperformed, losing about 12% since the beginning of the year compared to the S&P 500's decline of -2.4% [3] - The earnings outlook for Grindr is currently unfavorable, resulting in a Zacks Rank 4 (Sell) for the stock, indicating expected underperformance in the near future [6] - The current consensus EPS estimate for the upcoming quarter is $0.09 on revenues of $97.5 million, and for the current fiscal year, it is $0.40 on revenues of $427.9 million [7] Group 3 - The Internet - Software industry, to which Grindr belongs, is currently ranked in the top 35% of over 250 Zacks industries, suggesting a favorable outlook compared to lower-ranked industries [8]

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ________________________ (Mark One) x ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2024 OR o 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. (Exact name of registrant as specifie ...

Grindr Inc. (NYSE:GRND) Q4 2024 Earnings Conference Call March 5, 2025 5:00 PM ET Company Participants Tolu Adeofe - Head-Investor Relations George Arison - Chief Executive Officer Vanna Krantz - Chief Financial Officer Conference Call Participants Andrew Marok - Raymond James John Blackledge - TD Cowen Eric Sheridan - Goldman Sachs Operator Good afternoon. My name is Calvin and I'll be your conference operator today. At this time, I would like to welcome everyone to the Grindr's Fourth Quarter and Full Yea ...

LETTER TO SHAREHOLDERS FOURTH QUARTER AND FISCAL YEAR 2024 | MARCH 5, 2025 LETTER TO SHAREHOLDERS 1 Q4 2024 Q4 2024 LETTER TO SHAREHOLDERS 2 Dear Grindr Shareholders, 2024 was a landmark year for Grindr. We grew full-year revenue 33% year-over- year to $345 million with an Adjusted EBITDA margin of 43% - well ahead of guidance - driven by our relentless focus on user experience, our commitment to delivering great products, and the continued expansion of our advertising business. FY 2024 Achieved 33% year-ov ...

Warrant Redemption - The Company is redeeming all outstanding Warrants at a price of $0.10 per Warrant, effective February 24, 2025[1] - A total of 34,860,000 Warrants are being redeemed, including 18,560,000 Private Placement Warrants and 16,299,825 other Warrants[2] - The redemption is triggered as the last reported sales price of Common Stock has been between $10.00 and $18.00 per share for twenty trading days prior to January 17, 2025[11] - Warrant holders can exercise their Warrants until 5:00 p.m. New York City time on the Redemption Date, either for cash at $11.50 per share or on a cashless basis[5] - The maximum number of shares issued on a cashless basis will not exceed 0.361 shares of Common Stock per Warrant[5] - The Company will provide the Redemption Fair Market Value to Warrant holders no later than one business day after the ten-trading day period following the Notice of Redemption[5] - The last trading day for the Warrants on the NYSE will be February 21, 2025[6] - Holders of Warrants in "street name" must contact their brokers to determine the procedure for exercising their Warrants[14] - Any unexercised Warrants after the Redemption Date will be void, and holders will only receive the Redemption Price[9] - The Company encourages Warrant holders to consult with their financial advisors regarding the exercise of their Warrants[25] Financial Performance and Growth - The company reported a revenue of $96.77 billion in the September quarter, setting a record for iPhone sales[110] - The growth in the Chinese market contributed significantly to the overall revenue increase, reflecting a strong demand for new products[110] - Future guidance indicates an expected revenue growth of 10% year-over-year for the next quarter, driven by new product launches[110] - User data shows an increase of 15% in active devices, reaching a total of 1.5 billion devices globally[110] Investment and Innovation - The company is investing $5 billion in research and development for new technologies and product innovations over the next fiscal year[110] - The company has completed a strategic acquisition of a tech startup for $1 billion to enhance its software capabilities[110] - New product lines are expected to launch in Q1 2024, with projected sales of $2 billion in the first quarter[110] Market Strategy - Market expansion plans include entering three new international markets by the end of the fiscal year, targeting a 20% increase in market share[110] - A new marketing strategy is being implemented to increase brand awareness, with a budget allocation of $500 million for the upcoming year[110] Operational Efficiency - The company aims to reduce operational costs by 5% through efficiency improvements and automation initiatives[110]

Group 1 - Grindr (NYSE: GRND) has raised its 2024 growth outlook, expecting revenue growth to increase from +32% to +33%, compared to a prior estimate of +29% and a consensus estimate of +25.5% [1] - The company has maintained its adjusted EBITDA margin guidance of at least 42%, consistent with previous estimates [1] Group 2 - Astrada Advisors specializes in investment research across technology, media, internet, and consumer sectors in North America and Asia, focusing on identifying high-potential investments [1] - The firm integrates rigorous fundamental analysis with data-driven insights to provide a nuanced understanding of key trends, growth drivers, and competitive landscapes [1] - Astrada Advisors aims to empower investors with timely research and a comprehensive view of industry dynamics, particularly in volatile markets [1]

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Core Insights - Astrada Advisors provides actionable recommendations aimed at enhancing portfolio performance and uncovering alpha opportunities, backed by a strong track record in investment research at leading global investment banks [1] - The firm specializes in technology, media, internet, and consumer sectors across North America and Asia, excelling in identifying high-potential investments and navigating complex industries [1] - Astrada Advisors leverages extensive local and global experience to offer unique perspectives on market developments, regulatory changes, and emerging risks [1] - The research methodology integrates rigorous fundamental analysis with data-driven insights, delivering a nuanced understanding of key trends, growth drivers, and competitive landscapes [1] - The focus of Astrada Advisors is to empower investors with timely research and a comprehensive view of industry dynamics, particularly in volatile markets or when exploring new trends [1]

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