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  "documentTitle": "Grindr | Investor Presentation Deck | 30 slides",
  "authorId": "grindr",
  "authorName": "Grindr",
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  "documentKindLabel": "Pitch deck",
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  "sourceTypeLabel": "Investor relations",
  "presentationDate": "2024-03-01 00:00:00",
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  "pageNumber": 7,
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      "text": "1. Dating Peers include Bumble and Match Group; Social Media Peers include Snap, Pinterest, and Etsy; financial metrics represent FY 2023; Match Group does not publically report adjusted EBITDA so their metric in the Dating Peers average represents adjusted operating income, which adds back interest expense, other income (net), and taxes to operating income. 2. We define Gross Profit as GAAP revenue less GAAP cost of revenue. Adj. EBITDA is a non-GAAP number. For reconciliation to GAAP Net Income, see Appendix. 3. Paying User Growth represents the average paying users in FY 2023 vs. FY 2022; ARPPU growth represents the ARPPU in FY 2023 vs. FY 2022; Paid Penetration represents average paying users divided by monthly active users in FY 2023. Paid Penetration for Dating Peers includes Bumble, Hinge, and Tinder with monthly active users based on Sensor Tower data estimates for the quarter ending Q4'23.",
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      "text": "METRIC2,3\nGrindr\nDATING | Peers\nSOCIAL MEDIA | Peers\nRevenue Growth\n33%\n11%\n6%\nIndirect Rev % of Total Rev\n13%\n2%\n--\nGross Profit Margin\n74%\n71%\n67%\nAdj. EBITDA Margin\n42%\n32%\n18%\nAverage Paying Users Growth\n19%\n6%\nN/A\nARPPU Growth\n16%\n5%\nN/A\nAverage Paying User Penetration\n7%\n13%\nN/A",
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      "kind": "title",
      "text": "Best-in-Class Performance vs. Peers¹, with Opportunity to Grow",
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