Grindr SPAC Presentation Deck
($ in millions)
GAAP Revenue
Non-core revenue adjustments
Non-GAAP Revenue
Net income (loss)
[+] Interest (expense) income, net
(+) Income tax provision (benefit)
(+) Depreciation and amortization
(+) Stock-based compensation expense
(+) Non-core expenses/losses (gains)
Adjusted EBITDA
NON-GAAP
RECONCILIATION
2019
$108.7
$108.7
$7.7
$0.4
$2.4
$27.4
$4.6
$6.1
$48.7
2020
$104.5
$8.2
$112.7
($13.1)
$15.4
($2.6)
$28.3
$0.2
$22.6
$50.7
2021
$145.8
$0.9
$146.7
$5.1
$18.7
$1.2
$43.2
$2.6
$6.3
$77.2
(1) The $8.2M and $0.9M in non-GAAP revenue adjustments in 2020 and 2021 respectively are purchase accounting deferred revenue adjustments related to the San Vicente acquisition. These adjustments are included as a subset of the total "non-core expenses/losses
(gains)," resulting in different non-core expenses/losses (gains) in the revenue and EBITDA reconciliations.
CONFIDENTIAL
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