Grindr (GRND) shares rose after the company reported better-than-expected full-year profits, with full-year sales of $260 million. Grindr CEO George Arison joined Yahoo Finance Live to discuss the results and said the company is seeing “really great engagement.”
Allison noted that the company is “in a strong position,” with losses coming solely from fees related to the SPAC transaction through which the company went public. While he acknowledges that dating has been “the core of Grindr for a long time,” for the LGBTQ+ community it's a “combined social network” for building friendships and gathering health-related information while traveling. . Alison has expressed a goal of building “different use cases” to improve the app's experience for different purposes.
Allison says that when a feature provides value to an individual, “people are willing to pay for it.” He pointed out that people use Grindr in a variety of ways, but “features don't support them yet.” Given Grindr's rich chat space, Allison said generative AI could potentially “help users communicate,” leveraging user data to recommend matches to users and “expand the dating pool.” ” states that it is possible.
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Editor's note: This article was written by angel smith