NYSE$GRND

Grindr Inc. · Q4 2022 earnings

Q4 2022 earnings · · Investor relations

Briefing

Grindr reported strong revenue growth and Adjusted EBITDA.

Grindr Inc. reported its Q4 and full year 2022 earnings, demonstrating substantial growth in revenue and adjusted EBITDA. The company's revenue from paying users increased by 41% in 2022, setting a foundation for long-term growth and value creation.

  • Grindr delivered strong growth in revenue and Adjusted EBITDA as a newly public company.
  • Revenue from paying users grew by 41% in 2022.
  • The company is focused on enhancing user experience and monetizing its core business.
  • Grindr plans to expand its international business and add new community-focused businesses.

Headline financials

Total Revenue

$54.5M

Previous: $108M-49.7%
EPS (adj)

$0.03

Previous: $0.03+0.0%
Average MAUs

12.0M

No prior period
Capital Expenditures

$91K

Previous: $269K-66.2%
Free Cash Flow

$52.3M

Previous: -$589K+8966.9%
Net Income

$5.2M

Previous: $366K+1318.9%
Operating Income

$13M

Previous: -$260K+5107.3%
Gross Profit

$40M

Previous: $33.4M+19.8%
Cash & Equivalents

$12M

Previous: $15.8M-23.9%
Total Assets

$439M

Previous: $450M-2.4%
Stock-Based Comp

$5.07M

Previous: $2.6M+94.8%

Revenue & EPS history

Grindr · Revenue · Quarterly

$54.5M

Q4 2022-49.7%vs Q4 2021
Beat estimate in 4 of 7 quarters(57%)
ActualEstimate

Forward guidance

Grindr anticipates continued financial growth and strong profitability in 2023, with revenue growth expected to be 25% or greater and an EBITDA margin of 38% or higher.

Tailwinds

  • Guidance of 25% or greater revenue growth in 2023.
  • Expects 38%+ EBITDA margin in 2023.
  • Focus on improving user experience.
  • Plans to better monetize the core business.
  • Aims to expand the international business.

Headwinds

  • Reliance on historical data may have limited reliability.
  • Regulatory environment and compliance complexities.
  • Potential impact from general economic conditions.
  • Competition in the dating and social networking industry.
  • The ability to maintain and attract users.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 19 quarterly earnings reports · overlaid with Q4 2022

Historical avgQ4 2022

+2.4%

Avg return

Earnings day

+1.9%

Avg return

5 days after

+2.8%

Avg return

30 days after

65%

13 / 20 earnings

Positive

+19.1%

Q3 2023

Best reaction

-16.0%

Q4 2024

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+9.3%+5.9%
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%

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