PRESS RELEASE - Grindr reported a 34% increase in revenue for Q2 of 2024, reaching $82M, with an operating income of $25M. Despite a net loss, the company achieved an adjusted EBITDA margin of 45%. Grindr has raised its full-year guidance, anticipating a revenue growth of 27% or greater and an adjusted EBITDA margin of over 42%. The company attributes its success to continued global user growth and enhanced product offerings, aiming to further improve user experiences and drive growth.
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