NYSE$GRND
Grindr Inc. · Q3 2024 earnings
Q3 2024 earnings · · Investor relations
Briefing
Grindr reported strong Q3 2024 performance with revenue growth and increased net income.
Grindr Inc. reported a 27% increase in revenue for the third quarter of 2024, reaching $89 million. The company's net income was $25 million, representing a net income margin of 28%. Adjusted EBITDA stood at $40 million, with an adjusted EBITDA margin of 45%. The company also raised its full-year 2024 revenue growth guidance to 29% or greater.
- Grindr's Q3 2024 revenue reached $89 million, a 27% increase year-over-year.
- Net income for Q3 2024 was $25 million, resulting in a 28% net income margin.
- Adjusted EBITDA for Q3 2024 was $40 million, with a 45% adjusted EBITDA margin.
- Full-year 2024 revenue growth guidance was raised to 29% or greater.
Headline financials
Revenue & EPS history
Grindr · Revenue · Quarterly
$89.3M
Forward guidance
Grindr raised its FY 2024 revenue guidance to 29% or greater.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q3 2024
+2.4%
Avg return
Earnings day
+1.9%
Avg return
5 days after
+1.6%
Avg return
30 days after
65%
13 / 20 earnings
Positive
+19.1%
Q3 2023
Best reaction
-16.0%
Q4 2024
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +9.4% | +6.0% | -21.0% | |
| Q4 2025 | -2.7% | -4.0% | +6.2% | |
| Q3 2025 | +10.7% | +8.8% | -0.7% | |
| Q1 2025 | -1.9% | -1.4% | -4.5% | |
| Q4 2024 | -16.0% | -12.7% | -8.1% | |
| Q3 2024 | +3.9% | +1.3% | +10.4% | |
| Q2 2024 | +7.2% | +8.3% | +7.2% | |
| Q1 2024 | -3.7% | -2.5% | -10.0% | |
| Q4 2023 | +13.3% | +15.6% | +30.0% | |
| Q3 2023 | +19.1% | +15.5% | +46.0% | |
| Q2 2023 | +7.8% | +10.6% | +23.3% | |
| Q1 2023 | -5.5% | -6.3% | -5.2% | |
| Q2 2022 | +3.5% | +3.5% | +4.7% | |
| Q4 2022 | +2.4% | -4.8% | -5.6% | |
| Q3 2022 | +0.2% | +0.5% | -40.7% | |
| Q1 2022 | +0.0% | +0.1% | +0.2% | |
| Q4 2021 | +0.1% | +0.4% | +0.1% | |
| Q3 2021 | +0.1% | -0.1% | +0.1% | |
| Q2 2021 | -0.9% | -0.6% | -0.9% | |
| Q1 2021 | +0.4% | +0.8% | +0.9% |
Discussion
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