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Jun 30, 2023
Grindr Q2 2023 Earnings Report
Grindr's Q2 2023 financial results were released, revealing a 32% increase in revenue and raised full-year guidance.
Key Takeaways
Grindr Inc. reported a strong second quarter with a 32% increase in revenue, reaching $61.5 million. Net income was $22.3 million, with a net income margin of 36%. The company has raised its full-year guidance to 28% or greater revenue growth and 41%+ adjusted EBITDA margin.
Second quarter revenue reached $61.5 million, a 32% increase year-over-year.
Net income for the quarter was $22.3 million, representing a 36% net income margin.
Operating income amounted to $13.9 million.
Full-year guidance was raised to 28% or greater revenue growth and 41%+ adjusted EBITDA margin.
Forward Guidance
Grindr raised its full-year outlook to 28% or greater revenue growth and 41% or greater EBITDA margin.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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