Reported about 9 hours ago
Grindr Inc., the LGBTQ online dating platform, fell short of quarterly earnings expectations with an adjusted EBITDA of $38.6 million against a forecast of $38.8 million, leading to a 12% decline in stock prices post-announcement. Additionally, its projected margin for adjusted EBITDA of over 41% was below Wall Street's expectation of 42.3%. Despite a strong revenue performance for 2024, totaling $344.6 million, the company faces challenges in its 2025 outlook and plans to hire significantly to support new AI-driven features.
Source: YAHOO