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Grindr Inc. Delivers 33% Full Year 2024 Revenue Growth

1. Grindr reports financial results for Q4 and fiscal year 2024. 2. The board has approved a $500 million share repurchase program.

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Why Bullish?

The share repurchase program signifies management confidence and can enhance shareholder value, similar to other companies that benefited from buybacks historically, such as Apple and Microsoft. A strong financial performance can also buoy investor sentiments around GRND.

How important is it?

The announcement of significant financial results coupled with a buyback program is crucial for GRND, as it directly supports stock price stability and potentially growth, reflecting strong management decisions.

Why Short Term?

The immediate effects of share repurchases typically influence stock prices quickly, as seen with companies like Tesla during their buyback announcements, highlighting a positive market reaction over the following months.

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LOS ANGELES--(BUSINESS WIRE)--Grindr Inc. (NYSE: GRND) (“Grindr” or the “Company”), the Global Gayborhood in Your PocketTM, today posted its financial results for the fourth quarter and fiscal year ended December 31, 2024 in a Letter to Shareholders. The Letter to Shareholders can be accessed on Grindr's Investor Relations website: https://investors.grindr.com/. The Company also announced that its board of directors has authorized a two-year share repurchase program of up to $500 million of Gri.

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