Grindr Inc. Reports First Quarter 2024 Revenue Growth of 35%
Grindr Inc. (GRND)
Company Research
Source: Business Wire
First Quarter 2024 Revenue $75 Million, Operating Income of $19 MillionNet Loss Margin of 12.5% and Adjusted EBITDA Margin of 41.9% LOS ANGELES--(BUSINESS WIRE)--Grindr Inc. (NYSE: GRND), the premiere LGBTQ+ social connector, today posted its financial results for the first fiscal quarter ended March 31, 2024 in a Letter to Shareholders. The Letter to Shareholders can be accessed on Grindr’s Investor Relations website.“Grindr is off to an outstanding start to 2024, highlighted by revenue growth of 35% year-over-year and strong margins in our first quarter,” said George Arison, Grindr’s Chief Executive Officer. “Results were excellent across the business. We’re making good progress on our strategic priorities for the year, highlighted by our product roadmap with two new products in development built with user intent in mind. We are excited about the opportunities ahead in 2024 and beyond as we execute on our long-term vision to build the ‘Global Gayborhood in Your Pocket’.”Earnings
Show less
Read more
Impact Snapshot
Event Time:
GRND
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
GRND alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
GRND alerts
High impacting Grindr Inc. news events
Weekly update
A roundup of the hottest topics
GRND
News
- Grindr Opens New Office in Chicago to Serve as Engineering Hub As it Continues to Innovate The World's Largest Social Networking App for LGBTQ+ PeopleBusiness Wire
- Grindr to Participate in Upcoming Investor ConferencesBusiness Wire
- Grindr Announces Date of First Quarter 2024 Financial Results Earnings CallBusiness Wire
- Grindr Inc. (NYSE: GRND) had its "market outperform" rating re-affirmed by analysts at JMP Securities. They now have a $14.00 price target on the stock.MarketBeat
- Grindr Unveils New Mission to Build Digital Gayborhood at Web Summit Rio; Introduces Roam™ to Expand Connections Ahead of TravelBusiness Wire
GRND
Earnings
- 5/9/24 - Miss
GRND
Sec Filings
- 6/18/24 - Form 4
- 6/18/24 - Form 144
- 6/17/24 - Form 144
- GRND's page on the SEC website