The earnings call reflected strong financial performance and user growth, driven by new product features and effective monetization strategies. While the company faces challenges related to technical debt and cautious monetization strategies, the overall outlook remains positive with continued innovation and strategic focus.

Company Guidance

During the Grindr Q3 2024 earnings call, the company provided robust guidance, highlighting key financial metrics and strategic initiatives. Revenue for the third quarter increased by 27% year-over-year to $89 million, with a strong adjusted EBITDA margin of 45%. Direct revenue rose by 25% year-over-year to $77 million, fueled by the adoption of the Unlimited Weekly subscription tier and improved merchandising and paywall optimizations. The company's average monthly active users grew by 8% to 14.6 million, while average paying users increased by 15% to 1.11 million, raising payer penetration to 7.6%. Additionally, the average direct revenue per paying user climbed by 8% to $23.07. Grindr revised its 2024 revenue growth guidance to 29% or greater, maintaining an expected adjusted EBITDA margin of at least 42%. The company emphasized its focus on user engagement and monetization strategies, including the expansion of new features like the Right Now mode and the global launch of the Roam feature.

Revenue Growth and Financial Performance

Grindr's total revenue for Q3 increased by 27% year-over-year to $89 million, with an adjusted EBITDA margin of 45%. Direct revenue increased by 25% year-over-year to $77 million, driven by the Unlimited Weekly tier and better merchandising and paywall optimizations.

User Metrics Improvement

Average monthly active users increased by 8% year-over-year to 14.6 million. Average paying users rose by 15% year-over-year to 1.11 million, with the average direct revenue per paying user increasing by 8% to $23.07.

Advertising Revenue Growth

Indirect revenue for Q3 grew by 43% year-over-year to $12 million, driven by strong demand and enhanced ad formats including native ads and interstitials.

Product Innovation

Introduced new features like the Interest tab and launched Right Now in two markets, improving user engagement and paving the way for future monetization.

Strong Cash Flow

Generated positive free cash flow of $27.9 million in Q3, with a conversion rate of 69% from adjusted EBITDA.

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Grindr (GRND) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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GRND Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Mar 10, 2025	2024 (Q4)	0.08 / -	-0.26	―	―	―
Nov 07, 2024	2024 (Q3)	0.07 / 0.14	-0.002	7100.00% (+0.14)	―
Aug 08, 2024	2024 (Q2)	0.05 / -0.13	0.128	-201.56% (-0.26)	―
May 09, 2024	2024 (Q1)	0.04 / -0.05	-0.19	73.68% (+0.14)	―
Mar 07, 2024	2023 (Q4)	- / -0.26	0.03	-966.67% (-0.29)	―
Nov 13, 2023	2023 (Q3)	- / >-0.01	-0.266	99.25% (+0.26)	―
Aug 14, 2023	2023 (Q2)	- / 0.13	-0.218	158.72% (+0.35)	―
May 15, 2023	2023 (Q1)	- / -0.19	0.232	-181.90% (-0.42)	―
Mar 06, 2023	2022 (Q4)	- / 0.03	0.011	172.73% (+0.02)	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

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GRND Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Nov 07, 2024	$14.77	$15.00	+1.56%
Aug 08, 2024	$10.70	$11.61	+8.50%
May 09, 2024	$10.59	$10.14	-4.25%
Mar 07, 2024	$8.71	$9.35	+7.35%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

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