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BUZZ-Grindr climbs after raising FY revenue forecast

ReutersJan 24, 2025 10:56 AM

** 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

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