Loading...
•
Sep 30, 2023
Grindr Q3 2023 Earnings Report
Grindr reported a strong third quarter with revenue growth and raised full year guidance.
Key Takeaways
Grindr Inc. reported a 39% increase in revenue for the third quarter of 2023, reaching $70.3 million. The company experienced a net loss of $0.4 million with a 1% net loss margin, but achieved an operating income of $16.6 million. Based on these results, Grindr raised its full year 2023 guidance to 31% or greater revenue growth and 41%+ adjusted EBITDA margin.
Third quarter revenue reached $70.3 million, representing a 39% increase year-over-year.
Net loss was $0.4 million, resulting in a net loss margin of 1%.
Operating income amounted to $16.6 million.
Full year 2023 guidance was raised to 31% or greater revenue growth and 41%+ adjusted EBITDA margin.
Forward Guidance
Grindr raised its FY 2023 guidance to 31% or greater revenue growth and 41%+ Adjusted EBITDA Margin
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...