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Grindr: The Untapped Value Of The Overlooked Rainbow Economy
Seeking Alpha· 2024-10-18 02:39
Astrada 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 America and Asia, Astrada Advisors excels in identifying high-potential investments and navigating complex industries.Leveraging extensive local and global experience, Astrada Advisors offers a unique perspective o ...
Strength Seen in GRINDR INC (GRND): Can Its 9.1% Jump Turn into More Strength?
ZACKS· 2024-10-09 14:29
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 ...
Grindr Continues To Outmuscle The Competition
Seeking Alpha· 2024-09-17 19:19
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 (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 ...