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Grindr Inc. (GRND) Matches Q4 Earnings Estimates
GRNDGrindr (GRND) ZACKS·2025-03-07 23:30

Group 1 - Grindr Inc. reported quarterly earnings of 0.09pershare,matchingtheZacksConsensusEstimate,andshowinganincreasefrom0.09 per share, matching the Zacks Consensus Estimate, and showing an increase from 0.04 per share a year ago [1] - The company posted revenues of 97.62millionforthequarterendedDecember2024,exceedingtheZacksConsensusEstimateby0.4397.62 million for the quarter ended December 2024, exceeding the Zacks Consensus Estimate by 0.43%, and up from 72.09 million year-over-year [2] - Grindr has surpassed consensus revenue estimates four times over the last four quarters [2] Group 2 - The stock has underperformed, losing about 12% since the beginning of the year compared to the S&P 500's decline of -2.4% [3] - The earnings outlook for Grindr is currently unfavorable, resulting in a Zacks Rank 4 (Sell) for the stock, indicating expected underperformance in the near future [6] - The current consensus EPS estimate for the upcoming quarter is 0.09onrevenuesof0.09 on revenues of 97.5 million, and for the current fiscal year, it is 0.40onrevenuesof0.40 on revenues of 427.9 million [7] Group 3 - The Internet - Software industry, to which Grindr belongs, is currently ranked in the top 35% of over 250 Zacks industries, suggesting a favorable outlook compared to lower-ranked industries [8]