Grindr Boosts 2024 Revenue Forecast; Shares Rise After Hours

MT Newswires Live
01-24

Grindr (GRND) said late Thursday it now expects full-year 2024 revenue of $343 million to $345 million.

Four analysts polled by FactSet expect $338 million.

The new guidance represents revenue growth of 32% to 33% from a year earlier, higher than the previously announced growth outlook of at least 29%, the company said.

Shares of the company were up nearly 5% in recent after-hours activity.

Price: 17.56, Change: +0.83, Percent Change: +4.96

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