Raytheon awarded $71 million in Navy contracts for missile systems
WEST HOLLYWOOD - Grindr Inc. (NYSE:GRND) announced Thursday that Chief Financial Officer Vanna Krantz has decided to leave her position after three years with the LGBTQ+ dating app company. The announcement comes as the company’s stock has delivered a remarkable 54.69% return over the past year, according to InvestingPro data.
Krantz will remain in her role until a successor is appointed and will assist with the transition of her responsibilities. The company has initiated a comprehensive search for a new CFO.
During her tenure, Krantz helped guide Grindr through its public market debut and developed the company’s mid and long-term business strategies. She also played a key role in building relationships with the investment community.
"Vanna played a critical role in helping Grindr succeed in its first chapter as a public company," said George Arison, Grindr’s CEO. "She was instrumental in building our foundational capabilities, including our long-term financial plan and outlook."
Krantz expressed gratitude for her time with the company, stating, "I’m thankful for the past several years I’ve spent alongside George, my colleagues and the Board in growing Grindr into a successful public company."
In the same announcement, Grindr reaffirmed its previously raised full-year 2025 guidance, projecting revenue growth of 26% or greater and an Adjusted EBITDA margin of at least 43%. The company cited expected second quarter performance and current user trends as the basis for maintaining this outlook. InvestingPro analysis indicates that net income is expected to grow this year, with analysts forecasting the company to achieve profitability. The company maintains a healthy financial position with a current ratio of 4.22, indicating strong liquidity.
Grindr, which describes itself as "the Global Gayborhood in Your Pocket," reports having more than 14.5 million average monthly active users across 190 countries and territories. The company maintains offices in West Hollywood, the Bay Area, Chicago, and New York. With a market capitalization of $3.43 billion and a gross profit margin of 74.53%, Grindr demonstrates strong operational efficiency. For deeper insights into Grindr’s valuation and growth prospects, investors can access comprehensive analysis through InvestingPro, which offers detailed financial metrics and 12 additional ProTips for informed decision-making.
The information in this article is based on a press release statement from Grindr Inc.
In other recent news, Grindr reported its Q1 2025 earnings, revealing revenue of $94 million, which missed the forecast of $95.66 million. Despite falling short of expectations, the company demonstrated a strong year-over-year growth of 25%. Grindr’s management has increased its full-year 2025 revenue and margin guidance, attributing this to effective monetization and user engagement with its products. The company plans to expand its Right Now feature to additional cities and introduce over 40 new products and features across its platforms within the year.
Analyst activity has also been noteworthy, with Goldman Sachs raising its price target for Grindr shares to $26, maintaining a Buy rating. The firm highlighted recent earnings and strategic developments as factors positively impacting financial forecasts. Additionally, JMP Securities initiated coverage with a Market Outperform rating and a $27 price target, citing Grindr’s unique position in monetizing its social network. These developments reflect a growing confidence among analysts in Grindr’s future potential.
DISCLAIMER: James Lu is the Chairman of Grindr Inc. and owner of Investing.com.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.