Q1 2025 Grindr Inc Earnings Call Transcript

May 8, 2025 / 09:00 PM GMT

Transcript 10-Q8-K

Key Points

Positve

Grindr Inc (GRND) reported a 25% year-over-year revenue growth in Q1 2025, reaching $94 million.
The company raised its full-year outlook to 26% or greater revenue growth and at least 43% adjusted margins.
Grindr Inc (GRND) successfully launched 'Right Now,' an intent-based feature, in 17 major cities, with plans to expand to 50% of weekly active users.
The company introduced a suite of AI-native products, including A-list, which enhances user chat activity and connections.
Grindr Inc (GRND) reported a net income of $27 million for Q1 2025, compared to a net loss of $9 million in the same period last year.

Negative

Operating expenses in Q1 2025 increased by 21% year over year, primarily driven by compensation-related expenses.
The Woodwork initiative, a men's health subscription service, is in its early stages and not expected to contribute significantly to revenue in the near term.
Grindr Inc (GRND) faces potential challenges in integrating direct payment systems due to pending court rulings.
The company acknowledges the need for better localization of its app for international markets, which is not yet a focus for 2025.
Grindr Inc (GRND) anticipates elevated costs related to cloud services as it invests in becoming an AI-first company.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

GRND.N - Grindr Inc
Q1 2025 Grindr Inc Earnings Call
May 08, 2025 / 09:00PM GMT

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Presentation
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Unidentified_1 [1]
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Good afternoon. My name is Krista, and I'll be your conference operator today. At this time, I would like to welcome everyone to the rinder first quarter 2025 earnings conference call. All lines have been placed on mute to prevent any background noise. After the speaker's remarks, there will be a question and answer session. If you would like to ask a question during that time, simply press star, followed by the number one on your telephone keypad. And if you'd like to withdraw that question again press 1.

Thank you. I would now like to turn the conference over to Tolu Aiofe, Grinder's head of investor relations. Tolu, please go ahead.

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Unidentified_2

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