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.
Grindr Inc (GRND) operates the world's largest social networking app for LGBTQ communities, combining discreet connection features with cutting-edge mobile technology. This page serves as the definitive source for verified company announcements, providing investors and industry observers with timely updates on operational developments.
Access curated press releases spanning financial results, product enhancements, privacy initiatives, and strategic partnerships. Our repository includes SEC filings, leadership updates, and technology milestones – all essential for understanding Grindr's position in social networking and mobile software markets.
Key updates cover platform innovations leveraging agile development practices, cloud infrastructure expansions, and user growth metrics. Bookmark this resource to monitor how Grindr's engineering expertise in non-blocking I/O systems and secure architecture supports its unique market position.
For comprehensive tracking of GRND's business trajectory, revisit regularly for new announcements regarding international expansion, community initiatives, and technical advancements that drive this specialized social platform forward.
Grindr (NYSE: GRND) has scheduled its first quarter 2025 financial results announcement for Thursday, May 8, 2025, after market close. The company will publish a Shareholder Letter on its Investor Relations website, followed by a webcasted conference call at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time) to discuss the Q1 2025 results.
Investors can access the live webcast and archived recording of the earnings call through the company's Investor Relations page at https://investors.grindr.com.
Grindr, the dating app with over 14.5M monthly active users, announced the expansion of its 'Right Now' feature to 15 new major cities across North America, Europe, and South America. The feature, designed for immediate encounters, creates a real-time feed separate from the main grid where users can post text and photos that remain visible for one hour.
The expansion follows successful 2024 pilots in Australia and Washington D.C. Users receive 10 complimentary hour-long sessions weekly, refreshing every Friday, with the option to purchase additional sessions. The feature is now available in cities including New York, Los Angeles, London, Paris, and Sao Paulo.
According to Chief Product Officer AJ Balance, Right Now was developed based on user feedback to facilitate more efficient, intention-based connections and eliminate mismatched expectations between users. The feature is accessible on both iOS and Android platforms.
Grindr Inc. (NYSE: GRND) reported strong financial results for 2024, achieving 33% revenue growth for the full year. The company projects continued momentum with 24% or higher revenue growth and 41%+ Adjusted EBITDA margin guidance for 2025.
The board authorized a significant $500 million share repurchase program extending through March 2027. Additionally, the company completed its warrant redemption program, generating $314.1 million in cash proceeds from warrant exercises.
With over 14.5 million average monthly active users across 190 countries, Grindr continues to expand its global presence. The company focused on strengthening its product roadmap, team development, and app functionality throughout 2024 as part of its vision for building the 'Global Gayborhood.'
Grindr (NYSE: GRND) has announced its participation in two major upcoming investor conferences in San Francisco, CA. CEO George Arison and CFO Vanna Krantz will represent the company at both events.
The first appearance will be at the Morgan Stanley Technology, Media & Telecom Conference on Monday, March 3, 2025, with a fireside chat scheduled for 1:50 PM PT. The following day, March 4, 2025, they will participate in the Citizens JMP Technology Conference with a fireside chat at 12:30 PM PT.
Both fireside chat sessions will be available via live webcast on Grindr's investor relations website, with archived replays accessible after the events.
Grindr (NYSE: GRND) has announced it will release its fourth quarter and full year 2024 financial results after market close on Wednesday, March 5, 2025. The company will post a Shareholder Letter to its Investor Relations website, followed by a webcasted conference call to discuss the results.
The earnings conference call is scheduled for 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time) on March 5, 2025. Investors can access the live webcast and archived recording of the call through Grindr's Investor Relations website at https://investors.grindr.com.
Grindr (NYSE: GRND) has announced the Redemption Fair Market Value of $17.96 for its outstanding public and private placement warrants redemption. The company will redeem all unexercised warrants at $0.10 per warrant on February 24, 2025 (Redemption Date).
Warrant holders have two exercise options until the Redemption Date: (1) cash exercise at $11.50 per common stock share, or (2) cashless exercise receiving 0.361 shares per warrant. The cashless conversion rate was determined based on the volume-weighted average stock price during the ten trading days after January 23, 2025.
The warrants, currently trading under 'GRND.WS' on NYSE, will cease trading on February 21, 2025. Any warrants remaining unexercised after the Redemption Date will become void, with holders receiving $0.10 per warrant.
Grindr (NYSE: GRND) expects to exceed its 2024 revenue outlook with projections between $343 million and $345 million, representing a 32%-33% year-over-year growth. The company reaffirms its Adjusted EBITDA margin of 42% or greater for the full year 2024, driven by strong direct ad sales and continued subscription growth.
Grindr also announced the redemption of its public and private placement warrants. Holders can redeem warrants at $0.10 per warrant by 5:00 p.m. New York City time on February 24, 2025, or exercise their warrants for cash or on a cashless basis. As of the press release date, Grindr has 18,799,825 public warrants and 18,560,000 private placement warrants outstanding. The warrants will cease to be listed on the NYSE effective at the close of trading on February 21, 2025.
Holders who do not exercise by the deadline will receive $0.10 per warrant. Grindr has registered the shares underlying the warrants under the Securities Act of 1933. For redemption and exercise inquiries, holders can contact Continental Stock Transfer & Trust Company.
Grindr (NYSE: GRND) has announced its ambitious 2025 product roadmap, featuring six new intent-based travel and AI personalization products. The company plans to introduce AI-powered features including Chat Summaries, A-list for meaningful connections, For You personalized recommendations, and Discover for global profile matching.
Travel-focused features include Explore Heatmap for identifying local hotspots and Travel Pass offering unlimited Roam and Boost capabilities with chat translations. The company will also test new Gayborhood products in the health and wellness sector.
These launches build on Grindr's 2024 progress, which included the release of Right Now for immediate connections (currently in D.C. and Australia), Roam for travel connections, Super Boost for enhanced profile visibility, and AI assistant Wingman being tested with 10,000 U.S. users.
Grindr announced that its Roam feature, which allows users to explore and connect with locals worldwide, will be available for free during a 12-day holiday period from December 22 to January 2 in the U.S., sponsored by ViiV Healthcare. Typically priced at $5.99 per hour, Roam enables users to have their profiles appear on local grids in different cities or countries, facilitating connections for travel planning, relocation, or virtual exploration. The feature, launched earlier this year, has already helped thousands of users connect with locals before visiting new destinations.
Grindr (NYSE: GRND) announced its participation in the upcoming Raymond James 2024 TMT & Consumer Conference in New York. The company's Chief Financial Officer, Vanna Krantz, will engage in a fireside chat scheduled for Monday, December 9, 2024, at 11:20 AM ET.
The event will be accessible through a live webcast on Grindr's investor relations website, with an archived replay available after the presentation. This conference appearance represents an opportunity for investors to gain insights into the company's financial outlook and strategic direction.
