Grindr reports Q1 revenue $94M, consensus $95.94M

The company said, “Our first quarter financial results were strong. Total revenue for the first quarter increased by 25% year-over-year to $94 million, operating income was $25 million, net income was $27 million, representing a net income margin of 29%, and Adjusted EBITDA was $41 million, representing an Adjusted EBITDA margin of 43%.” Reports Q1 average MAU 14.6M, up 7% y/y. Reports Q1 average paying users 1.2M, up 16% y/y.