Pivotal Point Tracking Grindr (GRND): LGBTQ+ Dating App Benefits from Rising Premium Subscriptions – Upgrade by Morgan Stanley

Grindr operates the world's leading social network and the largest dating app for the LGBTQ+ community. The company generates revenue mainly through paid subscriptions and in-app purchases for exclusive additional features. In the first quarter, revenue increased by a strong 38% to $130 million, while net income stood at $27 million. Due to this momentum, Grindr raised its full-year forecast: An annual revenue of at least $535 million and an adjusted EBITDA of at least $227 million is expected. On July 1, an upgrade by Morgan Stanley from "Equal...