Grindr Inc.

and I'll be your conference operator today. At this time, I would like to welcome everyone to the Grinder fourth quarter and full year 2024 earnings conference call. All lines have been placed on mute to prevent any background noise. After the speaker's remarks, there will be a question and answer session. Thank you. I would now like to turn the conference over to Tolo Ariofa, Grinder's head of investor relations. Please go ahead.

Thank you, moderator. Hello and welcome to the Grinder earnings call for the fourth quarter and full year 2024. Today's call will be led by Grinder's CEO, George Arison, and CFO, Vanna Krantz. They will make a few brief remarks, and then we'll open it up for questions. Please note, Grinder released its shareholder letter this afternoon, and this is available on the SEC's website and Grinder's investor page at investors.grinder.com. Before we begin, I will remind everyone that during this call, we may discuss our outlook and future performance. These forward-looking statements may be preceded by words such as we expect, we believe, we anticipate, or similar such statements. These statements are subject to risk and uncertainties, and our actual results could differ materially from the views expressed today. Some of these risks have been set forth in our earnings release and our periodic reports filed with the SEC. During today's call, we will also present both GAAP and non-GAAP financial measures. Additional disclosures regarding non-GAAP measures, including a reconciliation of GAAP to non-GAAP measures, are included in the earnings release issued today, which has been posted on the investor relations page of Grindr's website and in Grindr's filings with the SEC. With that, I'll turn it over to George.

Thank you, Tolu, and hello. I very much appreciate everyone who is joining us today. 2024 was a landmark year for Grindr. We grew full-year revenue 33% year-over-year to $345 million, 10 percentage points higher than the initial guidance we provided on our Q4 call last March. And our adjusted EBITDA margin was 43%, three percentage points higher than our initial guidance. These results were driven by our relentless focus on user experience, our commitment to delivering great products, and the continued expansion of our advertising business. Users continue to have incredible engagement with the app. In 2024, they sent more than 130 billion chats, shared more than 2 billion albums, and spent more than 70 minutes on average on the app a day. When Grindr went public in November 2022, we faced certain hurdles from pride Chinese ownership, such as significant technical debt and a need for a long-term vision and a team to deliver on ambitious goals. Today, as discussed in greater detail in our shareholder letter, those challenges are larger behind us. I'm especially proud of our fast-moving, performance-driven culture, which has enabled us to chart a clear path for long-term, compelling growth as a global neighborhood in your pocket, a robust product roadmap of AI-first experiences our users deserve while continuously delivering excellent financial results. A strong momentum in 2024 is continuing into 2025. In January, we released our first annual product roadmap, Shared by User Input, building on products we laid out last summer at Invest Today. In February, we redeemed our warrants, cleaning up our balance sheet. And here in March, we're announcing our first share repurchase program for up to $500 million worth of shares. The buyback program underscores the board and management's confidence in Grindr's long-term potential and affirms our commitment to returning excess capital to shareholders. Also today, we're laying out a strong initial guidance for 2025, which Vanna will provide, along with our focus on four key priorities. First, rapidly shipping products as we elevate Grindr to a world-class app. We expect our users to appreciate new products such as A-List, for you and discover. These and many other products we're working on will allow us to maintain strong product-led growth in the years to come. Second, strengthening our global brand by actually promoting better global understanding of who we are and what we stand for. We'll grind our creative content that brings the full possibilities of the global neighborhood to life. Third, executing on the neighborhood expansion by launching our first product outside of the core app. in the health and wellness space. The test beta launch in limited markets is expected to start in the coming months. Stay tuned. And fourth, further increasing talent density to execute on our ambitious plans. I have great confidence in our team's ability to continue to drive strong shareholder value through outstanding execution on the needs of our users. I'm proud of the foundation that we've built in the 30 months since I became CEO and enthusiastic for what lies ahead. As always, we greatly appreciate the support of our shareholders and user community. In closing, I would encourage you to read the shareholder letter for greater detail on the points I discussed. Now I'll turn it over to Vanna, who will speak to our financial results, warrant redemption, and share buyback plan in greater detail and provide 2025 guidance.