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Why Grindr Stock Popped Today

TheMotleyFool

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Shares of Grindr (NYSE: GRND) were moving higher today after the online dating company focusing on the LGBTQ community posted better-than-expected results in its second-quarter earnings report.

As of 11:17 a.m. ET, the stock was up 13.9%.

Grindr reported 32% growth in revenue to $61.5 million, topping the company's own guidance. Monthly average users (MAUs) rose 8% to 13.1 million, and it now has 929,000 paying users, representing 7.1% of its user base.

Source Fool.com

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