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  "documentTitle": "Grindr | Investor Presentation Deck | 30 slides",
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  "presentationDate": "2024-03-01 00:00:00",
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      "text": "Adjusted EBITDA ($mil) 2021: $77, 53%; 2022: $85, 44%; 2023: $110, 42%. +20% CAGR.",
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      "text": "2023 Adj. EBITDA grew to $110M",
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      "text": "Advertising spend ~0% of revenue vs. ~18% for dating peers given the limited use of paid media/performance marketing",
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      "text": "1. Dating peers include Bumble and Match; advertising costs as % of revenue calculated using year end FY 2023. Adj. EBITDA margin is a non-GAAP measure. For reconciliation of Adj. EBITDA to GAAP Net Income margin, see Appendix. Note: Charts are illustrative and not to scale.",
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