Grid Dynamics Shares Climb as AI Demand Fuels Strong 3Q

Dow Jones11-01

By Katherine Hamilton

Grid Dynamics shares rose after the company shared strong third-quarter results and initiated a share buyback.

The stock gained 14% to $8.69 on Friday. Shares are still down 61% this year.

The digital platform provider recorded revenue of $104.2 million, ahead of the $103.7 million analysts polled by FactSet were expecting. AI demand fueled third-quarter sales, with AI revenue growing 10% sequentially.

Grid expects to end the year with a materially higher billable run rate as a result of strong momentum in the second half of the year, it said.

Grid also announced a $50 million share repurchase program, which represents about 15% of its cash.

"The buyback reflects our confidence in the long-term prospects of our business and our commitment to investing in ourselves," Chief Executive Leonard Livschitz said.

Write to Katherine Hamilton at katherine.hamilton@wsj.com

(END) Dow Jones Newswires

October 31, 2025 13:30 ET (17:30 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.

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