Grindr Inc (N:GRND)
Business Focus: Application Software
| Sector: Technology | Industry: Software |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | 750 N. San Vicente Blvd., Suite Re 1400 WEST HOLLYWOOD CA 90069 |
| Tel: | N/A |
| Website: | N/A |
| IR: | N/A |
| Key People | ||
| George Arison Chief Executive Officer, Director | Vandana Mehta-Krantz Chief Financial Officer | Austin Balance Chief Product Officer |
| Business Overview |
| Grindr Inc. manages and operates the Grindr app, a global lesbian, gay, bisexual, transgender, and queer (LGBTQ) social network platform serving and addressing the needs of the LGBTQ queer community. The Grindr app is available through Apple's App Store for iPhones and Google Play for Android. The Company offers both a free, ad-supported service and a premium subscription version. The Company also manages a dating service app called Blendr, for a broader market. Its platform enables the LGBTQ community to connect with each other and the world. Its core product, the Grindr App, offers a variety of location-based social features and functions, including identity expression (profile, photos, presence), connection (search, filters, the Cascade, Viewed Me), interaction (chat, media sharing), trust and safety tools across the experience, and subscriptions for premium features offering more access and control. Grindr App has monthly active users (MAUs) in over 190 countries and territories. |
| Financial Overview |
| For the three months ended 31 March 2023, Grindr Inc revenues increased 28% to $55.8M. Net loss totaled $32.9M vs. income of $4.5M. Revenues reflect Rest of World segment increase of 48% to $18.4M, United States segment increase of 20% to $33.2M. Net loss reflects Other Non Operating I/E increase from $0K to $15.3M (expense), Interest (expense) income, net increase from $3M to $10.8M (expense). |
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