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Grindr Inc. - GRND STOCK NEWS

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. (symbol: GRND) is a leading social networking app specifically designed for gay, bi, trans, and queer individuals. The platform provides a secure and discreet environment where users can connect without the need to share personal information. Founded with the mission to bring together like-minded individuals, Grindr has grown to become a significant player in the social networking space.

As an agile company, Grindr is known for its focus on engineering excellence. The team employs pair programming and behavior-driven development (BDD) principles to ensure high-quality software development. With a robust testing framework that achieves over 90% test code coverage, the company guarantees a reliable and user-friendly experience.

Grindr's technology stack includes a powerful back-end built with non-blocking I/O Akka and the Scala framework. The business components are developed using Java, and the infrastructure is configured with Zookeeper to manage AWS Elastic Beanstalk clusters. This advanced setup supports the app’s high-performance requirements, including over 1 million active hourly users, 10,000 API calls per second, and 135 million chat messages per day.

The company leverages cutting-edge cloud computing and caching techniques to scale globally. Key technologies in their infrastructure include Redis, Elasticsearch, AMQP RabbitMQ, Amazon RDS, and DynamoDB. Additionally, MongooseIM, an Erlang-based platform, is used to manage chat functionalities, ensuring seamless user interactions.

Grindr has continually evolved to meet the needs of its user base, introducing new features and enhancements to improve the user experience. The app is available on both iOS and Android, powered by the Grindr 3.0 back-end, offering a consistent and high-performance experience across devices.

In recent years, Grindr has achieved several milestones, including expanding its user base, improving app performance, and forming strategic partnerships to enhance its offerings. As a publicly traded company, Grindr remains committed to maintaining its leadership position in the social networking space through continuous innovation and user-centric development.

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Grindr (NYSE: GRND) reported its Q4 and full year 2022 earnings, highlighting a full-year operating income of $13 million and an adjusted EBITDA margin of 44%. The company achieved a remarkable 41% revenue growth from paying users, with 111 billion chats and 999 million album shares sent throughout the year. Looking ahead, Grindr projects revenue growth of at least 25% and anticipates an EBITDA margin of over 38% for 2023. This information was detailed in their inaugural shareholder letter, emphasizing plans to enhance monetization and user experience.

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Grindr Inc. (NYSE: GRND), the leading LGBTQ social network, will participate in two investor events in March 2023. The first is the JMP Securities Technology Conference on March 7 at 12:00 PM PT in San Francisco, featuring CEO George Arison and CFO Vanna Krantz. The second event is the New Street Research Online Dating Summit on March 14 at 11:30 AM ET, which will be conducted virtually. Live webcasts for both chats will be accessible on Grindr’s investor relations website, with archived replays available afterward.

Grindr serves approximately 11 million active users worldwide, facilitating connections in the queer community.

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Grindr Inc. (NYSE: GRND) has initiated a shareholder Q&A through Say Technologies ahead of its upcoming earnings call on March 6, 2023, at 2:00 p.m. PT. Shareholders can submit and upvote questions until 24 hours prior to the event. The live discussion will present the company's financial results for the fourth quarter and full year 2022. With around 11 million monthly active users, Grindr continues to expand its platform to support the LGBTQ community, enhancing user engagement and connection.

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FAQ

What is the current stock price of Grindr (GRND)?

The current stock price of Grindr (GRND) is $13.935 as of November 5, 2024.

What is the market cap of Grindr (GRND)?

The market cap of Grindr (GRND) is approximately 2.4B.

What is Grindr Inc.?

Grindr Inc. is a leading social networking app designed for gay, bi, trans, and queer people to connect discreetly and securely.

What technologies does Grindr use?

Grindr uses a tech stack that includes Akka, Scala, Java, Zookeeper, AWS, Redis, Elasticsearch, RabbitMQ, Amazon RDS, DynamoDB, and MongooseIM.

How does Grindr ensure high-quality software?

Grindr employs pair programming and behavior-driven development principles, achieving over 90% test code coverage to ensure high-quality software.

How many active users does Grindr have?

Grindr supports over 1 million active hourly users.

How many messages are sent on Grindr daily?

Grindr users send over 135 million chat messages per day.

What platforms is Grindr available on?

Grindr is available on both iOS and Android platforms.

What is the purpose of Grindr?

Grindr aims to provide a safe and discreet environment for LGBTQ+ individuals to connect and interact.

How does Grindr manage its infrastructure?

Grindr uses advanced cloud computing and caching techniques to manage its global infrastructure.

What recent achievements has Grindr accomplished?

Grindr has expanded its user base, improved app performance, and formed strategic partnerships to enhance its offerings.

Is Grindr publicly traded?

Yes, Grindr Inc. is a publicly traded company with the symbol GRND.

Grindr Inc.

NYSE:GRND

GRND Rankings

GRND Stock Data

2.37B
175.99M
85.7%
10.84%
2.46%
Software - Application
Services-computer Programming, Data Processing, Etc.
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United States of America
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