Grindr climbs after raising annual revenue forecast

Grindr

26/06/2024 14:56

** Grindr  GRND.N  shares up 10.2% at $11.29 after co raises
its annual revenue growth forecast
    ** The dating service for the LGBTQ+ community expects at
least 25% sales growth this year, up from its earlier guidance
of at least 23%
    ** Also expects 20% to 25% revenue growth annually through
2027 - co at Investor Day event
    ** GRND, which has over 13.7 mln monthly active users, says
it will unveil multi-year product plans, including eight new
offerings and AI roadmap 
    ** Stock up 24% YTD

 (Reporting by Yuvraj Malik)
 ((yuvraj.malik@thomsonreuters.com))