Grindr Inc. (NYSE:GRND ) Q3 2024 Earnings Conference Call November 7, 2024 5:00 PM ET Company Participants Tolu Adeofe - Head-Investor Relations George Arison - Chief Executive Officer Vanna Krantz - Chief Financial Officer Conference Call Participants Nick Jones - Citizens JMP Andrew Marok - Raymond James John Blackledge - TD Cowen Operator Good afternoon. My name is Rob, and I will be your co...
Grindr's 3Q24 results show strong revenue and EBITDA beats, with significant user growth and ARPU increases, underscoring its market dominance. We raise our target price to $19/share, implying a 30% upside, driven by product innovation and expanding user engagement. New features like "Right Now" mode and "Roam" enhance user experience, boosting engagement and supporting our bullish view on GRND.
LOS ANGELES--(BUSINESS WIRE)--Grindr Inc. (NYSE: GRND), the Global Gayborhood in Your PocketTM, today posted its financial results for the third fiscal quarter ended September 30, 2024, in a Letter to Shareholders. The Letter to Shareholders can be accessed on Grindr's Investor Relations website. “Grindr delivered another quarter of strong performance across all key financial and user metrics, ...
LOS ANGELES--(BUSINESS WIRE)--Grindr Inc. (NYSE: GRND), the Global Gayborhood in Your Pocket™, announced that it will release its financial results for the third quarter ended September 30, 2024, after the market closes on Thursday, November 7, 2024. Grindr will issue a press release when its Shareholder Letter has been posted to its Investor Relations website at https://investors.grindr.com. F...
Grindr is the largest LGBTQ app globally, with significant user engagement and ARPU potential, making it an attractive investment with a $16/share target. GRND's predictable subscription-based revenue model and industry consolidation drive ARPU growth, positioning it favorably compared to traditional dating apps like Tinder and Bumble. Increasing broker coverage and investor interest in the LGB...
Grindr has outperformed competitors like Match and Bumble, with shares up over 40% YTD due to strong user growth and high revenue generation. Grindr's brand recognition, feature innovation, and international growth opportunities distinguish it from generalist dating apps, driving its market momentum. With higher EBITDA margins than peers and a compelling valuation, I'm setting a price target of...
LOS ANGELES--(BUSINESS WIRE)--Grindr Inc. (NYSE: GRND), the Global Gayborhood in Your Pocket™, today announced participation in the following upcoming investor events. Citi's 2024 Global TMT Conference Location: New York, NY Date: Thursday, September 5, 2024 Fireside Chat Presentation: 4:40 PM ET Speaker: Chief Financial Officer, Vanna Krantz Goldman Sachs Communacopia + Technology Conference L...
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