Grindr Inc. Hosts Inaugural Investor Day as a Public Company
Grindr Inc. has held its first investor day since becoming a public company. Hosted in New York, the presentation saw the dating app unveil plans “to build the Global Gayborhood in Your Pocket.”
Presentations by Grindr senior management focused on performance and user engagement, setting out a Company product roadmap powered by AI and proposing a four-year financial outlook.
“Grindr is unique because it was built by gay people for gay people. By focusing on our users over the past 15 years, we’ve achieved tremendous loyalty and engagement from them,” said George Arison, Grindr’s Chief Executive Officer.
“Throughout our investor day, we will articulate the innovation we are planning in order to make our user experience even better and drive long-term growth. We are improving connection and casual dating, which have always been core to Grindr, through a suite of features called Right Now, while also creating new AI-first features to help users more easily find long-term relationships. We know our users want additional functionality to help them better access other types of social connections and to access curated, relevant information and services that will enhance the quality of their lives. Through new product expansions, we are creating ways for users to gain these experiences in the app.”
Grindr presented a multi-year product plan tasked with building out additional functionality for the app. Plans include the development of eight new products for users to engage with Grindr’s core use cases of connectivity, dating, and relationships, and Gayborhood expansion use cases, which are new partnership-based digital services typically found in physical gayborhoods. The roadmap sees AI leveraged in various ways, including through the Grindr Wingman product.
The investor day comes as Grindr increases its revenue guidance for 2024 from revenue growth at 23% to at least 25%. Forecasts out to 2027 see the Company propose a 20-25% revenue growth annually.
“Grindr has built a durable financial model that is delivering strong, reliable growth as we execute on our monetization strategy,” said Vanna Krantz, Chief Financial Officer. “Our 2024 revenue guidance increase combined with the longer-term financial targets we are announcing today demonstrate our confidence in Grindr’s continued strong revenue growth and Adjusted EBITDA profitability even as we invest prudently in our product roadmap and new use cases. We believe our plans set up Grindr for significant profitable growth, cash generation and value creation.”
For more details or to view Grindr’s investor day presentation, visit investors.grindr.com.
