PRESS RELEASE – Grindr reported a significant increase in its Q3 revenue for 2023, reaching $70.3M, a 39% growth from the previous year. Despite this revenue boost, the company experienced a marginal net loss of $0.4M. The company's operating income stood at $16.6M with an Adjusted EBITDA of $32.6M. Based on these strong financial results, Grindr has raised its forecast for FY 2023, expecting over 31% revenue growth and an Adjusted EBITDA Margin of ~41%.
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