Grindr reports FY24 revenue $344.64M, consensus $344.13M

Reports FY24 adjusted EBITDTA $147.31M vs $110.16M last year. “2024 was a landmark year for Grindr (GRND). In addition to delivering financial performance significantly above our initial expectations, we set our vision for building the Global Gayborhood, began to execute on an ambitious long-term product roadmap, strengthened our team, and significantly enhanced the functionality and performance of our app for our community,” said George Arison, CEO of Grindr. “With our 2025 guidance, we will continue to deliver another strong growth year. The foundation we’ve built in a short amount of time leaves me truly inspired about what Grindr can accomplish and tremendously enthusiastic about our long-term potential. This is underscored by the $500 million share repurchase program we are announcing today.”