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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
Kye Chen
Chief Accounting Officer
Austin Balance
Chief Product Officer
   
Business Overview
Grindr Inc. manages and operates the Grindr app, a social network and dating application focused on the 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. 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 2024, Grindr Inc revenues increased 35% to $75.3M. Net loss decreased 71% to $9.4M. Revenues reflect an increase in demand for the Company's products and services due to favorable market conditions. Lower net loss reflects Depreciation and amortization decrease of 48% to $4.1M (expense), Interest (expense) income, net decrease of 33% to $7.2M (expense).