NYSE$GRND
Grindr Inc. · Q4 2023 earnings
Q4 2023 earnings · · Investor relations
Briefing
Grindr's Q4 2023 and full year earnings results reported, showcasing revenue growth and strong user engagement.
Grindr Inc. reported its Q4 and full year 2023 financial results, with full year revenue reaching $260 million. The company saw solid growth in paying users and high user engagement, with 121 billion chats sent on the platform during the year.
- Full year revenue reached $260 million, marking a 33% increase year-over-year.
- Operating income for the full year was $55 million.
- Net loss margin for the full year was 21%.
- Adjusted EBITDA margin for the full year was 42%.
Headline financials
Revenue & EPS history
Grindr · Revenue · Quarterly
$72.1M
Forward guidance
Grindr anticipates revenue growth of 23% or greater and an adjusted EBITDA margin of 40%+ in 2024.
Tailwinds
- Strong momentum entering 2024.
- Robust product roadmap.
- Growing team.
- Guidance of 23% or greater revenue growth in 2024.
- Guidance of 40%+ Adjusted EBITDA margin in 2024.
Headwinds
- Ability to retain existing users and add new users.
- Impact of the regulatory environment and complexities with compliance.
- Ability to address privacy concerns and protect systems and infrastructure from cyber-attacks.
- Success in retaining or recruiting key personnel, and managing any changes in such roles.
- Ability to respond to general economic conditions.
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 Q4 2023
+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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