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GRND

Grindr Inc.

https://www.grindr.com

Industry

Software - Application

Grindr Inc. operates social network platform for the LGBTQ community. Its platform enables gay, bi, trans, and queer people to engage with each other, share content and experiences, and express themselves. It offers a free, ad-supported service and a premium subscription version. The company was founded in 2009 and is based in West Hollywood, California.

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Grindr Inc. (NYSE:GRND) shares are trading higher after the company raised its full-year revenue guidance ahead of its first investor day. Grindr increased its 2024 revenue growth guidance from at least 23% to at least 25% and reiterated its adjusted EBITDA guidance of at least 40%. The company expects 20-25% annual revenue growth through 2027 with adjusted EBITDA margins of 39-42%. Shares are up 12.2% at $11.50, trading above the 50-day moving average of $9.74, with 13.42% of available shares being sold short.

Portfolio Pulse from Erica Kollmann

June 26, 2024 | 2:35 pm

Grindr shares are trading higher after the company raised its full-year revenue guidance ahead of its first investor day.

Portfolio Pulse from Benzinga Newsdesk

June 26, 2024 | 2:35 pm

Grindr has issued new guidance ahead of its Investor Day, projecting annual revenue growth of 20%-25% through 2027. Additionally, the company has raised its 2024 revenue growth forecast from over 23% to over 25%.

Portfolio Pulse from Benzinga Newsdesk

June 26, 2024 | 12:15 pm

Portfolio Pulse from Benzinga Newsdesk

June 17, 2024 | 1:14 pm

The article highlights the pre-market movements of 12 communication services stocks on Monday. Notable gainers include Loop Media, Direct Digital Holdings, Collective Audience, Urban One, Grindr, and TuanChe. On the losing side, AirNet Technology, Asset Entities, AMC Networks, Gamer Pakistan, MultiMetaVerse Holdings, and GD Culture Group saw declines.

Portfolio Pulse from Benzinga Insights

June 17, 2024 | 12:07 pm

U.S. stocks were mostly lower on Friday, with the Dow Jones index falling around 300 points. However, several stocks saw significant gains. Hasbro, Inc. (NASDAQ:HAS) rose 5.5% after an upgrade from B of A Securities. Disc Medicine, Inc. (NASDAQ:IRON) gained 15.6% following a $178 million underwritten offering. UroGen Pharma Ltd. (NASDAQ:URGN) rose 15.4% due to positive Phase 3 trial results. Adobe Inc. (NASDAQ:ADBE) surged 14.3% on strong earnings. Other notable gainers include Ocular Therapeutix, Inc. (NASDAQ:OCUL), VinFast Auto Ltd. (NASDAQ:VFS), Tutor Perini Corporation (NYSE:TPC), and Arm Holdings plc (NASDAQ:ARM).

Portfolio Pulse from Avi Kapoor

June 14, 2024 | 2:29 pm

Portfolio Pulse from Benzinga Newsdesk

June 14, 2024 | 1:14 pm

Portfolio Pulse from Benzinga Newsdesk

June 13, 2024 | 1:17 pm

The article highlights the pre-market movements of several communication services stocks on Friday. Notable gainers include Leafly Holdings (LFLY), Super League Enterprise (SLE), and Treasure Global (TGL), while significant losers include Moving iMage Technologies (MITQ), 36KR Holdings (KRKR), and GD Culture Group (GDC).

Portfolio Pulse from Benzinga Insights

June 07, 2024 | 12:08 pm

Today's session highlighted significant options activity for 10 Communication Services stocks, indicating varied sentiments across the board. Large transactions, or 'whale alerts', were noted for stocks like PARA, SE, GOOGL, GRND, META, NFLX, VZ, GOOG, RBLX, and TTD, with sentiments ranging from bullish to bearish. These movements provide insights into potential market directions and investor expectations.

Portfolio Pulse from Benzinga Insights

May 10, 2024 | 5:35 pm

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