Grindr jumps as Q3 results beat expectations

Shares of Grindr GRND.N rise 8.4% premarket after Q3 results top estimates

Q3 revenue climbs 30% YoY to $115.77 mln, beating consensus estimate of $113.30 mln

CEO credits multi-year app innovations for driving engagement and monetization

Co raises FY25 adjusted EBITDA guidance to $191 mln–$193 mln, signals confidence in outlook on back of strong Q3 beat and user growth momentum

Avg rating of four analysts is "buy" median PT is $22.50 – LSEG data

Stock down 23.82% YTD, as of last close