Grindr Q1 Swings to Profit as Revenue Increases; Shares Fall After Hours

MT Newswires Live
09 May

Grindr (GRND) reported a Q1 earnings late Thursday of $0.09 per diluted share, swinging from a loss of $0.05 a year earlier.

Two analysts polled by FactSet expected $0.09.

Revenue in the three months ended March 31 rose to $93.9 million from $75.3 million a year earlier.

Four analysts surveyed by FactSet expected $95.3 million.

Shares of the company fell 8% in recent after-hours trading.

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