Grindr, a dating app known for facilitating hookups between gay men, is shifting its focus towards long-term relationships. The company plans to enhance its platform with new features to support this shift. Grindr has projected an annual revenue growth of 20% to 25% through 2027 and has raised its 2024 revenue growth outlook to at least 25% from the previous 23%. This strategic move comes as more users seek long-term relationships, setting Grindr apart from other dating apps that are struggling to gain a foothold. The stock ticker for Grindr is $GRND, and these announcements were made on 2024-06-26.
Grindr, a dating app best known for facilitating hookups between gay men, wants to get more into dating https://t.co/YAeKg7IOkt https://t.co/YAeKg7IOkt
While other dating apps struggle for a foothold, Grindr is having a great year https://t.co/iXXLRmn5OK
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Grindr is setting an ambitious 20% to 25% growth target for annual revenue through 2027 as it pins hopes on new product features https://t.co/deOdSZMeHG
$GRND | Grindr projects annual revenue growth of 20%-25% through 2027, raising its 2024 revenue growth outlook to at least 25% from 23%. The company plans to enhance its platform with new features as more users seek long-term relationships. Grindr Needs to Build Features to…
Grindr to Delve Into Dating as More Users Seek Long-Term Relationships https://t.co/1PETLfFgaV