Grindr Inc. reported its financial results for the fourth quarter and full fiscal year ended December 31, 2024. The company achieved $344.6 million in revenue for the full year 2024, representing a 33% year-over-year growth, and an Adjusted EBITDA of $147.3 million, resulting in a 42.7% margin.
For 2025, Grindr provided guidance projecting 24% or greater revenue growth and an Adjusted EBITDA margin of 41% or higher. The company also announced the authorization of a two-year share repurchase program of up to $500 million of its common stock, reflecting confidence in its long-term value.
The company also detailed the completion of its warrant redemption, which generated $314.1 million in cash proceeds from exercises and resulted in the issuance of 3,418,518 shares of common stock on a cashless basis. A total of 575,086 warrants remained unexercised and were redeemed for $0.1 million, with no warrants outstanding after the Redemption Date.
CEO George Arison highlighted 2024 as a landmark year, noting financial performance significantly above initial expectations and the execution of an ambitious long-term product roadmap. The share repurchase program further underscores management's commitment to returning capital to shareholders.
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