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 ...

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)

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 ...

How do you grow a business where a customer's success often means they leave your product?George Arison is the CEO of Grindr, a social networking app for gay, bi, trans, and queer people. Motley Fool host Dylan Lewis caught up with Arison for a conversation about:Grindr's growth story.Looking beyond dating for platform engagement.What companies can lose in a remote-only environment.To catch full episodes of all The Motley Fool's free podcasts, check out our podcast center. To get started investing, check ou ...

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, 2023 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 ...

[Financial Highlights & Business Outlook](index=1&type=section&id=Financial%20Highlights%20%26%20Business%20Outlook) Grindr achieved **$260 million revenue** (33% YoY growth) and **42% Adjusted EBITDA margin** in 2023, projecting **23%+ revenue growth** and **40%+ Adjusted EBITDA margin** for 2024 Full Year 2023 Financial Results | Metric | Value | | :--- | :--- | | Revenue | $260 Million | | Revenue Growth (YoY) | 33% | | Operating Income | $55 Million | | Net Loss Margin | 21% | | Adjusted EBITDA Margin | 42% | - Revenue from paying users increased by **38% in 2023**, and users sent over **121 billion chats** throughout the year[2](index=2&type=chunk) - The company provides guidance for 2024, expecting revenue growth of **23% or greater** and an Adjusted EBITDA margin of **40% or more**[2](index=2&type=chunk) [Management Commentary](index=1&type=section&id=Management%20Commentary) CEO George Arison emphasized Grindr's strong performance, exceeding guidance in its first public year, driven by the 'Weeklies' product and high user engagement, with momentum continuing into 2024 - The company's financial results for its first full year as a public company came in well ahead of guidance[3](index=3&type=chunk) - Growth in paying users was supported by the launch of **'Weeklies,'** a popular weekly subscription product[3](index=3&type=chunk) - User engagement remains high, with users spending approximately **one hour per day** on the platform[3](index=3&type=chunk) [Non-GAAP Financial Measures](index=3&type=section&id=Non-GAAP%20Financial%20Measures) Grindr utilizes Adjusted EBITDA and Adjusted EBITDA margin to assess core operating performance, excluding non-cash and non-recurring items, and cannot provide forward-looking GAAP reconciliation due to item unpredictability - Adjusted EBITDA is defined as net (loss) income excluding items like interest expense, taxes, depreciation & amortization, stock-based compensation, severance, transaction costs, and changes in fair value of warrant liability[11](index=11&type=chunk) - Management uses Adjusted EBITDA internally to evaluate business performance, create budgets, and determine compensation[11](index=11&type=chunk) - The company cannot reconcile its forward-looking Adjusted EBITDA margin guidance to the corresponding GAAP measure (net income margin) without unreasonable effort due to the volatility of excluded items like stock-based compensation and warrant liability value[12](index=12&type=chunk) [Reconciliation of Net (Loss) Income to Adjusted EBITDA](index=3&type=section&id=Reconciliation%20of%20Net%20%28Loss%29%20Income%20to%20Adjusted%20EBITDA) In 2023, Grindr's **net loss of $55.8 million** reconciled to an **Adjusted EBITDA of $110.2 million**, yielding a **42.4% Adjusted EBITDA margin**, compared to **43.7% in 2022** Reconciliation of Net (Loss) Income to Adjusted EBITDA (in thousands) | Line Item | 2023 | 2022 | | :--- | :--- | :--- | | **Net (loss) income** | **$ (55,768)** | **$ 852** | | Interest expense, net | $ 46,007 | $ 31,538 | | Income tax provision (benefit) | $ 4,023 | $ (859) | | Depreciation and amortization | $ 27,041 | $ 37,505 | | Transaction-related costs | $ — | $ 6,499 | | Litigation related costs | $ 2,339 | $ 1,722 | | Stock-based compensation expense | $ 15,824 | $ 28,586 | | Severance expenses | $ 9,355 | $ — | | Loss on extinguishment of debt | $ 11,582 | $ — | | Loss (gain) in fair value of warrant liability | $ 49,689 | $ (21,295) | | **Adjusted EBITDA** | **$ 110,158** | **$ 85,192** | Margin Comparison (2023 vs. 2022) | Margin | 2023 | 2022 | | :--- | :--- | :--- | | Net (loss) income margin | (21.5)% | 0.4% | | Adjusted EBITDA Margin | 42.4% | 43.7% | [Forward-Looking Statements & Risk Factors](index=2&type=section&id=Forward-Looking%20Statements%20%26%20Risk%20Factors) The report includes forward-looking statements and financial guidance, subject to risks like user retention, regulatory compliance, cybersecurity, competition, and macroeconomic conditions, which could materially impact future performance - The company's forward-looking statements, including guidance on revenue and Adjusted EBITDA, are subject to known and unknown risks that may cause actual results to differ materially[6](index=6&type=chunk) - Key operational and strategic risks include: - Ability to retain existing users and add new ones - Compliance with privacy, data protection, and user safety laws - Protection against cyber-attacks and unauthorized data access - Competition in the dating and social networking industry - Dependence on third-party systems and infrastructure - Effects of macroeconomic and geopolitical events[9](index=9&type=chunk) [Company Profile](index=5&type=section&id=Company%20Profile) Grindr, launched in 2009 and headquartered in West Hollywood, is a leading LGBTQ social network with **over 13 million monthly active users** globally, facilitating connection and self-expression - Grindr has more than **13 million monthly active users** globally[15](index=15&type=chunk) - The company was launched in 2009 and is headquartered in West Hollywood, California[15](index=15&type=chunk)

Table of Contents 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 For the quarterly period ended September 30, 2023 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. (Exact name of reg ...

Grindr Inc. (NYSE:GRND) Q3 2023 Earnings Conference Call November 13, 2023 11:00 AM ET Company Participants Tolu Adeofe - Head of Investor Relations George Arison - Chief Executive Officer Vanna Krantz - Chief Financial Officer Conference Call Participants Rohit Kulkarni - ROTH MKM Operator Good afternoon. My name is Ludi and I will be your conference operator today. At this time, I would like to welcome everyone to the Grindr Third Quarter 2023 Earnings Conference Call. All lines have been placed on mute t ...

Grindr Inc. (NYSE:GRND) Q2 2023 Earnings Conference Call August 15, 2023 5:00 PM ET Company Participants Patrick Lenihan - Head, Global Communications George Arison - CEO Vanna Krantz - CFO Conference Call Participants Emily Stykes - New Street Research Operator Good afternoon. My name is Jenny, and I will be your conference operator today. At this time, I would like to welcome everyone to the Grindr Second Quarter 2023 Earnings Conference Call. [Operator Instructions] I would now like to turn the conferenc ...