Grindr Q3 EPS $0.00 Up From $(0.03) YoY, Sales $70.26M Up From $50.40M YoY
Portfolio Pulse from Benzinga Newsdesk
Grindr reported a Q3 EPS of $0.00, an improvement from $(0.03) year-over-year (YoY). Sales increased to $70.26M from $50.40M YoY, indicating significant revenue growth.
November 13, 2023 | 9:20 pm
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POSITIVE IMPACT
Grindr's Q3 earnings per share improved to $0.00 from $(0.03) YoY, and sales rose to $70.26M from $50.40M YoY, reflecting strong revenue growth.
The improvement in EPS from negative to break-even and the substantial increase in sales are strong indicators of Grindr's financial health and operational growth. This positive earnings report is likely to instill investor confidence and could lead to a short-term uptick in Grindr's stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100