GHuatfund
GHuatfund
Healthy skepticisms
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$GRINDR INC(GRND)$ high conviction given stellar track record post-earnings. Grindr has cemented itself as a social platform brand amongst the LGBTQ+ community and will continue to build traction as user base scale. In my opinion, the platform is a conducive avenue for LGBTQ+ to connect, whereas physical means presents a challenge even to date. By the numbers, +29% y/y topline revenue reflects increasing number of paying users (+15%) and wallet spend (+8%) for Q3. Supporting drivers are (1) increasing gen Z users with spending power (2) targeted middle aged platform users with above average purchasing power vs users of other dating sites (i.e match.com). on the other hand, EBITDA margins of 42% and FCF conversion presented an impressive 69% v

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