Core Insights - Grindr's share price increased by 11% following a strong quarterly earnings report, outperforming the S&P 500 index's slight increase of 0.1% [1][5] Financial Performance - Grindr reported third-quarter revenue of $115.8 million, significantly higher than the $89 million reported in the same period of 2024 [3] - Net income rose to $31 million from $25 million year-over-year, with non-GAAP adjusted earnings increasing by 78% to $0.16 per share [3][4] - Analysts had estimated revenue of just over $113 million and adjusted earnings of $0.12 per share, indicating Grindr exceeded expectations [4] Future Outlook - The company anticipates full-year revenue growth of 26% compared to 2024 results, with adjusted EBITDA guidance set between $191 million and $193 million [6] - Grindr's management attributes recent growth to "accelerating product velocity and durable engagement growth" [4] Market Position - Grindr has established itself as a key player in the dating niche, although growth may moderate as it transitions to an incumbent status [7]
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