Grindr Inc. announced it expects its full-year 2024 revenue growth to surpass its previously provided outlook of at least 29% year-over-year. The company now projects full-year 2024 revenue to be between $343 million and $345 million, representing a 32%-33% year-over-year growth.
The company also reaffirmed its Adjusted EBITDA margin outlook of 42% or greater for the full year 2024. This improved revenue forecast was driven by outperformance in Grindr’s direct ad sales business, which significantly exceeded expectations in December 2024, and continued strength in direct revenue from subscriptions and add-ons.
This positive update ahead of the official earnings report signals robust financial health and effective monetization strategies, providing a strong indication of the company's performance.
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