Loading...
•
Dec 31, 2024
Grindr Q4 2024 Earnings Report
Grindr reported strong revenue growth and record engagement metrics in Q4 2024, with continued expansion in both direct and indirect revenue streams.
Key Takeaways
Grindr achieved record-breaking engagement levels and strong financial performance in Q4 2024. Total revenue increased by 35% year-over-year to $98 million, driven by solid growth in both subscription-based revenue and advertising. Operating income reached $20 million, while Adjusted EBITDA grew 36% year-over-year. Despite reporting a net loss of $124 million, the loss was primarily due to a non-cash fair value adjustment of warrants. Key user metrics, including MAUs, paying users, and ARPPU, all reached all-time highs.
Total revenue increased 35% YoY to $98 million.
Direct revenue grew 28% YoY to $80 million, while indirect revenue surged 85% to $18 million.
Adjusted EBITDA grew 36% YoY to $39 million, maintaining a 40% margin.
Net loss of $124 million primarily driven by a non-cash fair value adjustment of warrant liabilities.
Forward Guidance
Grindr anticipates strong revenue growth of at least 24% in FY 2025, with an Adjusted EBITDA margin of 41% or greater. Expansion into new product offerings and enhanced advertising capabilities are expected to drive additional revenue.
Positive Outlook
- Projected revenue growth of at least 24% in FY 2025.
- Adjusted EBITDA margin expected to remain above 41%.
- Expansion into new product categories outside the core app.
- Continued growth in paying users and engagement metrics.
- Ongoing investment in AI-driven product enhancements.
Challenges Ahead
- Potential macroeconomic challenges affecting consumer spending.
- Higher operating expenses due to increased stock-based compensation.
- Competitive pressures in the social networking and dating space.
- Regulatory risks related to data privacy and compliance.
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...