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Sep 30, 2024
Grindr Q3 2024 Earnings Report
Grindr reported strong Q3 2024 performance with revenue growth and increased net income.
Key Takeaways
Grindr Inc. reported a 27% increase in revenue for the third quarter of 2024, reaching $89 million. The company's net income was $25 million, representing a net income margin of 28%. Adjusted EBITDA stood at $40 million, with an adjusted EBITDA margin of 45%. The company also raised its full-year 2024 revenue growth guidance to 29% or greater.
Grindr's Q3 2024 revenue reached $89 million, a 27% increase year-over-year.
Net income for Q3 2024 was $25 million, resulting in a 28% net income margin.
Adjusted EBITDA for Q3 2024 was $40 million, with a 45% adjusted EBITDA margin.
Full-year 2024 revenue growth guidance was raised to 29% or greater.
Forward Guidance
Grindr raised its FY 2024 revenue guidance to 29% or greater.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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