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Grindr (NYSE:GRND) rose in premarket trading on Wednesday after increasing its revenue guidance for 2024 from revenue growth of at least 23% to at least 25%.
Adjusted EBITDA guidance for 2024 of at least 40% remained unchanged.
Looking ahead to 2027, Grindr said it expects to deliver 20%-25% revenue growth annually through 2027, with adjusted EBITDA margins in the range of 39%-42%.
“Grindr has built a durable financial model that is delivering strong, reliable growth as we execute on our monetization strategy,” said Vanna Krantz, CFO.
- GRND +5.85% premarket to $10.85
- Source: Press Release