Grindr climbs after raising FY revenue forecast

Grindr

24/01/2025 10:56

** Shares of Grindr  GRND.N  rise 10.4% to $18.47 premarket 
    ** The dating service for the LGBTQ+ community expects to
beat its earlier FY24 rev forecast
    ** Co expects full-year 2024 rev between $343 mln and $345
mln, a 32%-33% growth from a year ago, compared with its earlier
forecast of 29% y-o-y growth
    ** Co announces redemption of its public and private
placement warrants at 10 cents per warrant, effective Feb 24,
2025
    ** Co reaffirms its adjusted EBITDA margin of 42% or greater
for FY24
    ** GRND stocks gained 103.2% in 2024



 (Reporting by Sanchayaita Roy in Bengaluru)
 ((Sanchayaita.roy@thomsonreuters.com))