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Grindr Inc
Operating Expenses
Grindr Inc
Operating Expenses Peer Comparison
Competitors Analysis
Latest Figures & CAGR of Competitors
| Company | Operating Expenses | CAGR 3Y | CAGR 5Y | CAGR 10Y | ||
|---|---|---|---|---|---|---|
|
G
|
Grindr Inc
NYSE:GRND
|
Operating Expenses
-$126.1m
|
CAGR 3-Years
-19%
|
CAGR 5-Years
N/A
|
CAGR 10-Years
N/A
|
|
|
Snap Inc
NYSE:SNAP
|
Operating Expenses
-$3.7B
|
CAGR 3-Years
-9%
|
CAGR 5-Years
-16%
|
CAGR 10-Years
N/A
|
|
|
Pinterest Inc
NYSE:PINS
|
Operating Expenses
-$2.6B
|
CAGR 3-Years
-19%
|
CAGR 5-Years
-6%
|
CAGR 10-Years
N/A
|
|
|
Alphabet Inc
NASDAQ:GOOGL
|
Operating Expenses
-$88.2B
|
CAGR 3-Years
-12%
|
CAGR 5-Years
-11%
|
CAGR 10-Years
-15%
|
|
|
Match Group Inc
NASDAQ:MTCH
|
Operating Expenses
-$1.6B
|
CAGR 3-Years
-10%
|
CAGR 5-Years
-14%
|
CAGR 10-Years
N/A
|
|
|
Meta Platforms Inc
NASDAQ:META
|
Operating Expenses
-$63.5B
|
CAGR 3-Years
-13%
|
CAGR 5-Years
-19%
|
CAGR 10-Years
-31%
|
|
Grindr Inc
Glance View
In the digital tapestry of modern social interaction, Grindr Inc. thrives as a prominent figure, seamlessly bridging technology and community. Founded in 2009 by Joel Simkhai, Grindr carved its niche by pioneering location-based social networking, specifically targeting the LGBTQ+ community. The app's interface is designed to facilitate connections among users through geolocation technology, enabling them to meet new people in their vicinity. This innovation became a linchpin for its growth, transforming the way connections are perceived and pursued within this community. What started as a seed of technology-driven interaction quickly burgeoned into a global platform, reflecting the nuances of identity, culture, and shared interests. Grindr's business model stands robust on the pillars of freemium services and advertising. While the app is free to download and use, it strategically monetizes through its premium subscription service, Grindr XTRA, offering users an ad-free experience with additional features such as advanced filters, the ability to see more profiles, and the option to view who has seen them. This dual revenue approach not only ensures steady cash flow from a substantial user base but also taps into targeted advertising opportunities with businesses keen on reaching its expansive LGBTQ+ demographic. As the digital landscape evolves, Grindr continues to adapt, ensuring that its platform not only caters to connections but resonates with the ever-changing dynamics of its diverse community.
See Also
What is Grindr Inc's Operating Expenses?
Operating Expenses
-126.1m
USD
Based on the financial report for Dec 31, 2023, Grindr Inc's Operating Expenses amounts to -126.1m USD.
What is Grindr Inc's Operating Expenses growth rate?
Operating Expenses CAGR 3Y
-19%
Over the last year, the Operating Expenses growth was 3%. The average annual Operating Expenses growth rates for Grindr Inc have been -19% over the past three years .
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