11:59 AM EDT, 06/26/2024 (MT Newswires) -- (Updates with recent stock price movement in the headline and the first paragraph.)

Grindr ( GRND ) shares were advancing more than 13% in recent Wednesday trading after the company increased its 2024 revenue growth guidance to at least 25% from 23%.

Earlier in the day, the company also said it continues to expect growth of at least 40% in adjusted earnings before interest, taxes, depreciation and amortization in 2024.

Revenue growth is expected to be 20% to 25% annually through 2027, Grindr ( GRND ) said.

Price: 11.62, Change: +1.37, Percent Change: +13.37