Welcome to our dedicated page for Grindr news (Ticker: $GRND), a resource for investors and traders seeking the latest updates and insights on Grindr stock.
Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Grindr's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.
Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Grindr's position in the market.
Rhea-AI Summary
Grindr Inc. (NYSE:GRND) completes a refinancing via a new $300 million Term Loan A facility and a $50 million Revolving Credit facility. The transaction is expected to reduce interest expense by approximately $17M in 2024. The joint lead arrangers of the transaction are J.P. Morgan, Bank of America, Citizens Bank, and Silicon Valley Bank, with Capital One also participating as a lender. The new facilities mature in November 2028 and bear interest at a rate equal to Term SOFR plus an applicable margin of 275 to 325 basis points above the Secured Overnight Financing Rate (SOFR), based on Grindr’s leverage.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
7.31%
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Rhea-AI Summary
Grindr Inc. (NYSE: GRND) to Participate in Fireside Chat at Raymond James TMT and Consumer Conference on December 4, 2023
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.44%
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Rhea-AI Summary
Grindr Inc. (NYSE: GRND) announces partnerships with Equality Movement and MPOWER to offer HIV self-test kits to users in Georgia and Ireland. This move allows Grindr users in these countries to order free at-home HIV self-test kits directly from the app, addressing barriers to in-person testing.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.09%
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Rhea-AI Summary
Grindr Inc. (NYSE: GRND) reported third-quarter revenue of $70.3 million, with a net loss of $0.4 million and an operating income of $16.6 million. The company also raised its FY 2023 guidance to 31% or greater revenue growth and 41%+ adjusted EBITDA margin. Grindr attributes its strong quarter to increased user engagement with new paid offerings.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
15.72%
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Rhea-AI Summary
Grindr (NYSE: GRND) announces Tolu Adeofe as Director of Investor Relations, bringing over a decade of experience in technology and finance. Adeofe's role is crucial as Grindr aims to monetize its business and expand its platform and capabilities.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.93%
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Rhea-AI Summary
Grindr Inc. announced the opening of a shareholder Q&A on the Say Technologies platform for its upcoming earnings release. Shareholders can submit and upvote questions to management until November 13, 2023. The live discussion of the third quarter 2023 earnings will take place on November 13, 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.17%
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Rhea-AI Summary
Grindr Inc. (NYSE: GRND) will release its financial results for the third quarter ended September 30, 2023, on November 13, 2023. The company will host a webcasted conference call to discuss its results.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.85%
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Rhea-AI Summary
Grindr announces the addition of three senior executives: Zac Katz as General Counsel and Head of Global Affairs, Tristan Pineiro as VP of Brand and Communications, and Solmaz Shariat Torbaghan as Director of AI and Machine Learning. Katz brings two decades of experience and will lead the legal and global affairs team. Pineiro has over 20 years of brand building and communications experience. Shariat Torbaghan is a computer scientist with a background in AI technology. The hires reflect increasing diversity among the leadership team.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.42%
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Rhea-AI Summary
Grindr CEO and CFO to participate in fireside chat at Goldman Sachs conference on September 5, 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.01%
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Rhea-AI Summary
Grindr Inc. reports Q2 revenue of $61.5M, net income of $22.3M, and operating income of $13.9M. Raised FY 2023 guidance to 28%+ revenue growth and 41%+ adjusted EBITDA margin.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
8.53%
Tags
Grindr Inc.
NYSE:GRND
GRND Rankings
GRND Stock Data
1.67B
17.59M
92.26%
7.29%
1.77%
Software - Application
Technology
United States of America
WEST HOLLYWOOD
About GRND
we are all software craftsmen at heart and engineering excellence is at the focal point of everything we do at grindr. we are an agile shop and we use pair programming together with behavior-driven development (bdd) principles to build amazing things. no line of code is ever written by just one developer and we have over 90% of test code coverage. our users today have a choice of ios and android native clients powered by grindr 3.0 back-end utilizing non-blocking i/o akka and scala framework. we build our business components using java programming language and we use zookeper to configure aws elastic beanstalk clusters running grindr. our infrastructure depends on heavy usage of advanced cloud computing and caching techniques to scale massively around the world. we support over 1mm active hourly users pushing 10k api calls per second sending over 135mm chat messages per day. we use redis, elastisearch, amqp rabbitmq, amazon rds and dynamodb, as well as, erlang based mongooseim to