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Grindr Inc. (GRND) came out with quarterly earnings of $0.05 per share, missing the Zacks Consensus Estimate of $0.07 per share. This compares to earnings of $0.06 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -28.57%. A quarter ago, it was expected that this company would post earnings of $0.05 per share when it actually produced earnings of $0.07, delivering a surprise of 40%.Over the last four quarters, the company has su ...

Exhibit 99.1 Grindr Inc. Reports Third Quarter 2024 Revenue Growth of 27%, Raises Revenue Guidance Third Quarter 2024 Revenue of $89 Million Net Income of $25 Million, Net Income Margin of 28% Adjusted EBITDA of $40 Million and Adjusted EBITDA Margin of 45% Raising FY 2024 Guidance to 29% or Greater Revenue Growth TM LOS ANGELES, CA – November 7, 2024 – Grindr Inc. (NYSE: GRND), the Global Gayborhood in Your Pocket , today posted its financial results for the third fiscal quarter ended September 30, 2024, i ...

Grindr Inc. (GRND) shares soared 9.1% in the last trading session to close at $12.92. The move was backed by solid volume with far more shares changing hands than in a normal session. This compares to the stock's 0.1% gain over the past four weeks. Grindr Inc. is benefiting from a 34% year-over-year revenue growth in the second quarter of 2024, driven by enhanced premium features, increased user engagement, and strong advertising performance. This company is expected to post quarterly earnings of $0.07 per ...

Since earlier this summer, a swarm of articles has flooded the internet about how young singles have started to turn away from dating apps and opt instead to meet potential partners "IRL," through running clubs. A lower propensity With combined experience of covering technology companies on Wall Street and working in Silicon Valley, and serving as an outside adviser to several seed-round startups, Gary Alexander has exposure to many of the themes shaping the industry today. He has been a regular contributor ...

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 ...

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 ...

Financial Data and Key Metrics Changes - Q1 2024 revenue grew 35% year-over-year to $75.3 million, with an adjusted EBITDA margin of 42%, up from 39% a year ago [9][25] - Direct revenue increased 34% year-over-year to $64.4 million, while indirect revenue rose 43% year-over-year to $11 million [9] - Operating expenses excluding cost of revenue were $36.5 million in Q1 2024, up 13% year-over-year [25] - The company paid down $25.8 million of debt, bringing total debt to $315 million as of March 31, 2024 [10] Business Line Data and Key Metrics Changes - The XTRA Weekly subscription, launched in mid-2023, significantly contributed to revenue growth [9][26] - Average monthly active users increased 7% year-over-year to 13.7 million, while average paying users rose 17% to 1 million, resulting in a payer penetration of 7.4% [51] Market Data and Key Metrics Changes - Approximately 40% of revenue comes from outside North America, indicating a strong international presence [36] - The company is focusing on increasing monetization in international markets, which currently lag behind North America [36][38] Company Strategy and Development Direction - The company aims to create a "Global Gayborhood in Your Pocket," focusing on product development that meets user intent and enhances community engagement [6][19] - Future product launches include Right Now and Roam, which are designed to improve user connectivity and experience [4][20] - The company is investing in marketing to better communicate its brand narrative and engage with the community [92] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in achieving at least 23% revenue growth and maintaining an adjusted EBITDA margin of at least 40% for the year [52] - The company is optimistic about the potential of new product features and their impact on user engagement and revenue [19][26] Other Important Information - The company increased its engineering headcount by over 50% in Q1 to support product development [9][30] - A new chat system was rolled out, which is expected to enhance user experience significantly [5][21] Q&A Session Summary Question: How does the company view the return on investment from increasing engineering headcount? - Management believes that increasing productivity and clarity in product vision will lead to significant improvements in product development [28][30] Question: What is the impact of the Unlimited Weekly product rollout on user engagement? - The Unlimited Weekly product is still in testing, but management is pleased with the growth in average paying users and ARPU [31][70] Question: How does the company plan to improve monetization in international markets? - The company recognizes the opportunity for growth in international markets and is focusing on localization efforts to enhance conversion rates [36][62] Question: What are the company's thoughts on AI-driven use cases? - Management sees significant potential for AI in enhancing user communication, trust, and safety within the app [99][100]

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 ...

[Shareholder Letter](index=2&type=section&id=Shareholder%20Letter) Grindr's Q1 2024 saw strong revenue growth and Adjusted EBITDA margin, driven by new product development and strategic team expansion [CEO's Message and Q1 Overview](index=2&type=section&id=CEO%27s%20Message%20and%20Q1%20Overview) Grindr reported strong Q1 2024 results with **35% revenue growth** and **42% Adjusted EBITDA margin**, focusing on new product development and team expansion Q1 2024 Key Performance Highlights | Metric | Value (Millions $) | Growth (YoY) | | :--- | :--- | :--- | | Revenue | $75M | 35% | | Adjusted EBITDA Margin | 42% | N/A | - Strategic priorities for 2024 include developing products focused on user intent, fostering a performance-driven culture, and building a brand narrative around the 'Global Gayborhood in Your Pocket' concept[4](index=4&type=chunk) - The company is developing new products, 'Right Now' and 'Roam', and has launched a new cloud-based chat system, its most complex technical project in nearly a decade[5](index=5&type=chunk) - Grindr's long-term vision is to become the 'Global Gayborhood in Your Pocket,' a digital hub for the gay community to connect and access resources, mirroring the function of physical gayborhoods[7](index=7&type=chunk)[8](index=8&type=chunk)[9](index=9&type=chunk) - The company significantly expanded its team, increasing engineering headcount by over **50% quarter-over-quarter** in Q1 2024[6](index=6&type=chunk) [Q1 Business Highlights](index=4&type=section&id=Q1%20Business%20Highlights) This section details Grindr's Q1 product innovations, team growth, and brand initiatives, including new features and marketing efforts [Innovating with a Focus on User Intent](index=4&type=section&id=Innovating%20with%20a%20Focus%20on%20User%20Intent) Grindr rolled out a new cloud-based chat system and 'Unlimited Weekly' subscriptions, while advancing 'Right Now' and 'Roam' features - The new cloud-based chat system was fully rolled out globally by the end of Q1, representing the most complex technical launch in nearly a decade It moves chat storage from local devices to the cloud[11](index=11&type=chunk) - The 'Unlimited Weekly' subscription was rolled out globally in Q1, providing access to all Unlimited features for a shorter commitment period[12](index=12&type=chunk) - The 'Right Now' feature, designed to make finding connections easier and quicker, is currently in testing with a multi-phased launch planned[14](index=14&type=chunk) - The 'Roam' feature, targeting the travel use case, is in late-stage development and testing in select markets, with a full global rollout planned for later in the year[15](index=15&type=chunk) [Building a Performance-Driven Culture](index=6&type=section&id=Building%20a%20Performance-Driven%20Culture) Grindr expanded its global team to **129 employees** by Q1 2024, focusing on deliberate hiring to support its product roadmap - As of March 31, 2024, Grindr's global team has grown to **129 employees**[16](index=16&type=chunk) [Telling Our Brand Story](index=6&type=section&id=Telling%20Our%20Brand%20Story) Grindr launched a successful podcast and travel series, while expanding 'Grindr for Equality' initiatives in New Zealand and Thailand - The company launched a successful new podcast content series, 'WTA,' hosted by Katya Zamolodchikova, featuring celebrities like Orville Peck and Saucy Santana[17](index=17&type=chunk)[19](index=19&type=chunk) - A six-episode travel series is being created to promote the 'Roam' functionality and reinforce the 'Global Gayborhood' vision[20](index=20&type=chunk) - Grindr for Equality expanded its at-home HIV testing program to New Zealand and supported the legislative step toward legalizing same-sex marriage in Thailand[21](index=21&type=chunk) [Q1 Financial & Operating Performance](index=7&type=section&id=Q1%20Financial%20%26%20Operating%20Performance) This section details Grindr's strong Q1 financial results, driven by revenue growth, increased profitability, and positive full-year guidance [Performance Overview & Key Metrics](index=7&type=section&id=Performance%20Overview%20%26%20Key%20Metrics) Grindr's Q1 2024 performance saw **13.7 million MAUs** and **1.0 million paying users**, driving strong revenue growth and ARPPU increases Q1 2024 Financial & Operating Metrics | Metric | Q1 2024 Value (Millions) | YoY Growth | | :--- | :--- | :--- | | Total Revenue | $75.3M | +35% | | Net Loss | -$9.4M | N/A | | Adjusted EBITDA | $31.6M | +44% | | Average MAUs | 13.7M | +7% | | Average Paying Users | 1.0M | +17% | | ARPPU | $21.25 | +15% | [Detailed Financials](index=8&type=section&id=Detailed%20Financials) Grindr's Q1 revenue reached **$75 million**, with operating income doubling, despite a net loss impacted by warrant liability adjustments Q1 2024 Revenue Breakdown | Revenue Type | Q1 2024 (Millions $) | YoY Growth | | :--- | :--- | :--- | | Direct Revenue | $64M | +34% | | Indirect Revenue | $11M | +43% | | **Total Revenue** | **$75M** | **+35%** | - Operating income for Q1 2024 was **$19 million** (**26% of revenue**), compared to **$9 million** (**15% of revenue**) in Q1 2023[30](index=30&type=chunk) - The Q1 2024 net loss of **$9 million** included a non-cash loss of **$19 million** related to the change in fair value of the warrant liability[32](index=32&type=chunk) - Adjusted EBITDA for Q1 2024 was **$32 million**, a **44% increase** from Q1 2023, with the margin expanding to **42%**[33](index=33&type=chunk) [2024 Outlook](index=9&type=section&id=2024%20Outlook) Grindr reaffirmed its full-year 2024 guidance, projecting at least **23% revenue growth** and an **Adjusted EBITDA margin of 40%** Full-Year 2024 Guidance | Metric | Guidance | | :--- | :--- | | Revenue Growth | At least 23% | | Adjusted EBITDA Margin | At least 40% | [Financial Statements](index=11&type=section&id=Financial%20Statements) Grindr's Q1 2024 financial statements include balance sheets, income statements, cash flows, and Adjusted EBITDA reconciliation [Condensed Consolidated Balance Sheets](index=11&type=section&id=Condensed%20Consolidated%20Balance%20Sheets) As of March 31, 2024, Grindr reported **$437.7 million** in total assets and **$459.8 million** in liabilities, resulting in a **$22.0 million** stockholders' deficit Key Balance Sheet Items (in thousands) | Account | March 31, 2024 | December 31, 2023 | | :--- | :--- | :--- | | Cash and cash equivalents | $21,548 | $27,606 | | Total Assets | $437,745 | $444,595 | | Long-term debt, net | $300,049 | $325,600 | | Warrant liability | $86,302 | $67,622 | | Total Liabilities | $459,762 | $462,887 | | Total stockholders' deficit | ($22,017) | ($18,292) | [Consolidated Statements of Operations](index=12&type=section&id=Consolidated%20Statements%20of%20Operations%20and%20Comprehensive%20%28Loss%29%20Income) Grindr's Q1 2024 revenue grew **35% to $75.3 million**, with operating income at **$19.3 million**, but a net loss of **$9.4 million** due to warrant liability Q1 Statement of Operations Highlights (in thousands, except per share data) | Metric | Q1 2024 | Q1 2023 | | :--- | :--- | :--- | | Revenue | $75,345 | $55,809 | | Income from operations | $19,256 | $8,591 | | Loss in fair value of warrant liability | ($18,680) | ($15,317) | | Net loss | ($9,406) | ($32,899) | | Net loss per share, Basic & Diluted | ($0.05) | ($0.19) | [Condensed Consolidated Statements of Cash Flows](index=13&type=section&id=Condensed%20Consolidated%20Statements%20of%20Cash%20Flows) Grindr generated **$20.4 million** in Q1 operating cash flow, with a net decrease of **$6.8 million** in cash due to financing activities Q1 2024 Cash Flow Summary (in thousands) | Cash Flow Activity | Q1 2024 | | :--- | :--- | | Net cash provided by operating activities | $20,449 | | Net cash used in investing activities | ($1,148) | | Net cash (used in) financing activities | ($26,146) | | **Net decrease in cash** | **($6,845)** | | Cash, cash equivalents and restricted cash, end of period | $22,153 | [Reconciliation of Net Loss to Adjusted EBITDA](index=14&type=section&id=Adjusted%20EBITDA) Grindr reconciled its Q1 2024 net loss of **$9.4 million** to an Adjusted EBITDA of **$31.6 million**, achieving a **41.9% margin** Reconciliation of Net Loss to Adjusted EBITDA (in thousands) | Line Item | Q1 2024 | | :--- | :--- | | Net loss | ($9,406) | | Interest expense, net | $7,185 | | Income tax provision | $2,680 | | Depreciation and amortization | $4,119 | | Stock-based compensation expense | $7,869 | | Change in fair value of warrant liability | $18,680 | | Other adjustments | $450 | | **Adjusted EBITDA** | **$31,577** | [Other Information](index=10&type=section&id=Other%20Information) This section details Grindr's upcoming corporate events and standard disclosures for forward-looking statements and non-GAAP financial measures [Corporate Events](index=10&type=section&id=Corporate%20Events) Grindr scheduled a Q1 results conference call for May 9, 2024, and announced its inaugural Investor Day on June 26, 2024 - A conference call to discuss Q1 2024 results was scheduled for May 9, 2024[40](index=40&type=chunk) - Grindr will host its first-ever Investor Day on June 26, 2024, in New York City[41](index=41&type=chunk) [Forward-Looking Statements & Non-GAAP Financial Measures](index=15&type=section&id=Forward%20Looking%20Statements%20%26%20Non-GAAP%20Financial%20Measures) This section outlines forward-looking statement disclaimers and defines non-GAAP financial measures like Adjusted EBITDA, used for core performance evaluation - The report contains forward-looking statements concerning business plans and performance, which are subject to risks such as user retention, regulatory compliance, and competition[50](index=50&type=chunk) - Adjusted EBITDA is defined as net income (loss) excluding items such as interest, taxes, depreciation, amortization, stock-based compensation, and changes in the fair value of warrant liability[52](index=52&type=chunk) - The company states it cannot reconcile forward-looking Adjusted EBITDA margin guidance to net loss margin without unreasonable effort due to the unpredictability of excluded items like stock price-driven charges[54](index=54&type=chunk)