Exhibit 99.1 Grindr Inc. Reports First Quarter 2025 Revenue Growth of 25% Raises FY 2025 Guidance to 26% or Greater Revenue Growth and At Least 43% Adjusted EBITDA Margin Releases new AI-powered experience called A-List and expands reach of Right Now LOS ANGELES, CA – May 8, 2025 – Grindr Inc. (NYSE: GRND) ("Grindr" or the "Company"), the Global Gayborhood in Your Pocket , today posted its financial results for the first quarter ended March 31, 2025 in a Letter to Shareholders. The Letter to Shareholders ca ...

Group 1 - Grindr (GRND) reported 4Q24 results that were largely in line with consensus, as the quarter was communicated ahead of time [1] - The company provided in-line FY25 guidance, but shares sold off due to EBITDA guidance [1] Group 2 - Astrada Advisors specializes in actionable recommendations that enhance portfolio performance and uncover alpha opportunities, with a strong track record in investment research [1] - The firm has expertise in technology, media, internet, and consumer sectors in North America and Asia, excelling in identifying high-potential investments [1] - Astrada Advisors integrates rigorous fundamental analysis with data-driven insights to provide a nuanced understanding of key trends, growth drivers, and competitive landscapes [1]

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]

Financial Performance - For the year ended December 31, 2024, Grindr Inc. reported revenue of $344.636 million, a 32.7% increase from $259.691 million in 2023[412]. - Grindr reported a net loss of $131,001,000 for the year ended December 31, 2024, compared to a net loss of $55,768,000 in 2023, indicating a significant increase in losses[416]. - The Company recognized direct revenue of $290,890,000, an increase of 29.1% from $225,285,000 in 2023[454]. - Indirect revenue for the year ended December 31, 2024, was $53,746,000, up 56.5% from $34,406,000 in 2023[454]. - The total income tax provision for the year ended December 31, 2024, was $12,711, compared to $4,023 in 2023, marking an increase of approximately 216%[554]. Operating Expenses - The total operating expenses for 2024 were $252.038 million, compared to $204.243 million in 2023, reflecting a 23.4% increase[412]. - Stock-based compensation increased to $37,272,000 in 2024 from $15,824,000 in 2023, reflecting a rise of approximately 135%[416]. - The cost of revenue (exclusive of depreciation and amortization) rose to $87,579,000 in 2024, up from $67,458,000 in 2023, representing a 29.8% increase[482]. - Advertising costs for the year ended December 31, 2024, totaled $8,215,000, a substantial increase from $2,378,000 in 2023[460]. Assets and Liabilities - The company had cash and cash equivalents of $59.152 million as of December 31, 2024, up from $27.606 million in 2023, indicating a 114.2% increase[410]. - Total assets increased to $479.090 million in 2024 from $444.595 million in 2023, marking an increase of 7.8%[410]. - Long-term debt decreased from $325.600 million in 2023 to $275.580 million in 2024, a reduction of 15.4%[410]. - The company’s stockholders' deficit increased to $131.570 million in 2024 from $18.292 million in 2023, indicating a substantial decline in equity[410]. Cash Flow - The net cash provided by operating activities was $94,957,000 in 2024, up from $36,147,000 in 2023, representing a growth of about 162%[416]. - The company had a net cash used in financing activities of $58,853,000 in 2024, compared to $13,036,000 in 2023, indicating a significant increase in cash outflows[417]. - The company incurred cash interest paid of $25,992,000 in 2024, down from $47,859,000 in 2023, reflecting a decrease of approximately 46%[417]. Stock and Equity - The Company repurchased 1,016,496 shares in 2024 and 357,240 shares in 2023 related to employees' tax withholding upon vesting of restricted stock units[529]. - The 2022 Equity Incentive Plan was amended to increase the number of shares reserved for issuance from 13,764,400 to 16,624,700 shares, with 8,520,012 shares available for grant as of December 31, 2024[531]. - The intrinsic value of options exercised during the years ended December 31, 2024, and 2023 was $8,351 and $2,081, respectively, indicating a substantial increase in option value realized[552]. Internal Controls and Compliance - The company’s internal control over financial reporting was assessed as effective as of December 31, 2024, following remediation of previously disclosed material weaknesses[588]. - The material weakness related to payroll processes has been remediated as of December 31, 2024[589]. - There were no changes in internal control over financial reporting during the last fiscal quarter[590]. Miscellaneous - The company faced a reduced administrative fine of 65,000 NOK (approximately $5,716) upheld by the Norwegian Privacy Appeals Board for GDPR violations[572]. - The company signed a lease for office space in New York with an initial base rent of $27,000 per month, escalating by 5% annually[579].

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]

Group 1 - Michael Wiggins De Oliveira is an inflection investor, focusing on buying undervalued companies at pivotal moments when their profitability is expected to improve significantly over the next year [1] - The investment strategy emphasizes technology and the Great Energy Transition, including uranium, with a concentrated portfolio of approximately 15 to 20 stocks and an average holding period of 18 months [1] Group 2 - Michael has over 10 years of experience analyzing companies in the tech and energy sectors, and has built a following of over 40,000 on Seeking Alpha [2] - He leads the investing group Deep Value Returns, which offers insights through a concentrated portfolio of value stocks, timely updates, weekly webinars for live advice, and support for both new and experienced investors [2] - The Deep Value Returns community is described as active, vibrant, and accessible via chat, fostering a supportive environment for investors [2]

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]