Added to YB: 2025-05-27
Pitch date: 2025-05-25
GRND [neutral]
Grindr Inc.
-44.83%
current return
Author Info
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Company Info
Grindr Inc. operates a social networking and dating application for the lesbian, gay, bisexual, transgender, and queer (LGBTQ) communities worldwide.
Market Cap
$2.2B
Pitch Price
$24.07
Price Target
N/A
Dividend
N/A
EV/EBITDA
19.70
P/E
-39.53
EV/Sales
6.13
Sector
Interactive Media and Services
Category
growth
Welfare Weekly - Edition #3 - Grindr Inc.
GRND trimmed position: Grindr's Q1 showed 25% YoY revenue growth (7% MAU, 16% payers, 8% ARPPU) but first sequential revenue decline since Q1'24. Operating margin up 1pt to 27%, below expectations. Raised FY25 guidance to 26%+ revenue, 43% adj EBITDA margin. Right Now product at 20-25% adoption in 15 cities. Healthcare beta launched. Position trimmed to 7%.
Read full article (3 min)