Grindr Updates FY23 Outlook Revenue Growth To Be Above 31%; Sees Q4 YoY Growth Of More Than 25%
Portfolio Pulse from Benzinga Newsdesk
Grindr has updated its FY23 outlook, projecting revenue growth to exceed 31%. The company also anticipates a year-over-year growth of over 25% for Q4.

November 13, 2023 | 9:21 pm
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Grindr has raised its revenue growth expectations for FY23 to above 31%, with Q4 expected to see a YoY increase of more than 25%.
The positive revision in Grindr's FY23 revenue outlook suggests strong performance and potential market share gains. This update is likely to be viewed favorably by investors, potentially leading to a short-term increase in stock price. The high relevance and importance reflect the direct impact of financial outlook on investor sentiment and stock valuation. The confidence level is not at the maximum because market conditions and external factors could still influence the actual performance against these projections.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100