LGBTQ+ dating app Grindr beats revenue estimates, bets on AI to drive growth
Yahoo Finance·2026-02-26 21:09
By Kritika Lamba Feb 26 (Reuters) - Grindr on Thursday reported fourth-quarter revenue above estimates and expanded its share repurchase program by $400 million, as the LGBTQ+ dating app bets on artificial intelligence-powered features to drive growth, sending its shares up about 4% after the bell. The company also said it had entered a deal with its largest shareholder, Ray Zage. This includes an 18-month standstill agreement preventing him from initiating a "going private" transaction unless invit ...