Grindr 1Q Revenue Expected to Surge -- Market Talk

Dow Jones04-23

1438 ET - Estimates for Grindr's top-line results to surge in 1Q are reasonable based on third-party data and expected upside stemming from improved monetization of its user base, analysts at JMP say in a research note. The analysts estimate the company behind the dating app tailored toward LGBTQ+ communities will see +27% top-line growth year-over year in the coming quarter as third-party data show Grindr's monthly active user trends have remained durable year-over-year and have outperformed the broader online dating industry. They note that they're looking for updates on the company's monetization strategy and its international business, which they see as a significant opportunity going forward. The analysts issue a market outperform rating and a price target of $14. (denny.jacob@wsj.com; @pennedbyden)

(END) Dow Jones Newswires

April 22, 2024 14:38 ET (18:38 GMT)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2429970644?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-04-23 02:38","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2429970644","market":"sg","top_or_hot":-1,"title":"Grindr 1Q Revenue Expected to Surge -- Market Talk","media":"Dow Jones","content":"<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     1438 ET - Estimates for Grindr's top-line results to surge in 1Q are reasonable based on third-party data and expected upside stemming from improved monetization of its user base, analysts at JMP say in a research note. The analysts estimate the company behind the dating app tailored toward LGBTQ+ communities will see +27% top-line growth year-over year in the coming quarter as third-party data show Grindr's monthly active user trends have remained durable year-over-year and have outperformed the broader online dating industry. They note that they're looking for updates on the company's monetization strategy and its international business, which they see as a significant opportunity going forward. The analysts issue a market outperform rating and a price target of $14. (denny.jacob@wsj.com; @pennedbyden) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  April 22, 2024 14:38 ET (18:38 GMT)\n</p>\n<p>\n  Copyright (c) 2024 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Grindr 1Q Revenue Expected to Surge -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nGrindr 1Q Revenue Expected to Surge -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-04-23 02:38 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://dowjonesnews.com/newdjn/logon.aspx?AL=N><strong>Dow Jones</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>1438 ET - Estimates for Grindr's top-line results to surge in 1Q are reasonable based on third-party data and expected upside stemming from improved monetization of its user base, analysts at JMP say ...</p>\n\n<a href=\"https://dowjonesnews.com/newdjn/logon.aspx?AL=N\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"GRND.WS","symbol_name":"GRINDR INC C/WTS (TO PUR COM)","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2429970644","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2429970644","pubTimestamp":1713811080,"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"1438 ET - Estimates for Grindr's top-line results to surge in 1Q are reasonable based on third-party data and expected upside stemming from improved monetization of its user base, analysts at JMP say in a research note. The analysts estimate the company behind the dating app tailored toward LGBTQ+ communities will see +27% top-line growth year-over year in the coming quarter as third-party data show Grindr's monthly active user trends have remained durable year-over-year and have outperformed the broader online dating industry. They note that they're looking for updates on the company's monetization strategy and its international business, which they see as a significant opportunity going forward. The analysts issue a market outperform rating and a price target of $14. ","collect":0,"end_time":0,"defaultTopTitle":"","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"GRND.WS":"GRINDR INC C/WTS (TO PUR COM)","GRND":"GRINDR INC"},"translate_title":"Grindr 1Q收入有望飙升——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"GRND.WS":1,"GRND":0.9},"content_text":"1438 ET - Estimates for Grindr's top-line results to surge in 1Q are reasonable based on third-party data and expected upside stemming from improved monetization of its user base, analysts at JMP say in a research note. The analysts estimate the company behind the dating app tailored toward LGBTQ+ communities will see +27% top-line growth year-over year in the coming quarter as third-party data show Grindr's monthly active user trends have remained durable year-over-year and have outperformed the broader online dating industry. They note that they're looking for updates on the company's monetization strategy and its international business, which they see as a significant opportunity going forward. The analysts issue a market outperform rating and a price target of $14. (denny.jacob@wsj.com; @pennedbyden) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  April 22, 2024 14:38 ET (18:38 GMT)\n\n\n  Copyright (c) 2024 Dow Jones & Company, Inc.","kind":null,"is_publish_news":null,"is_publish_highlight":null,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.22.4","shortVersion":"4.22.4","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2429970644"}