Grindr First Quarter 2024 Earnings: EPS Misses Expectations

Simply Wall St · 05/13 10:07

Grindr (NYSE:GRND) First Quarter 2024 Results

Key Financial Results

  • Revenue: US$75.3m (up 35% from 1Q 2023).
  • Net loss: US$9.41m (loss narrowed by 71% from 1Q 2023).
  • US$0.054 loss per share (improved from US$0.19 loss in 1Q 2023).
NYSE:GRND Earnings and Revenue Growth May 13th 2024

All figures shown in the chart above are for the trailing 12 month (TTM) period

Grindr EPS Misses Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates.

Looking ahead, revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Interactive Media and Services industry in the US.

Performance of the American Interactive Media and Services industry.

The company's shares are down 3.1% from a week ago.

Risk Analysis

We should say that we've discovered 1 warning sign for Grindr that you should be aware of before investing here.