EBITDA PerformanceFourth quarter EBITDA was below estimates, affected by investments into advertising, product, and AI.
Share DilutionThe redemption of warrants resulted in a 17% dilution of Grindr's share count, impacting shareholders.
Valuation ConcernsIn the 'blue sky' analysis, investors would have to be willing to pay a high multiple for GRND's share price to reach $35+, which may appear more reasonable on a long-term basis.