Jim Cramer on Grindr: "It's Expected to Make A Lot of Money Next Year"

Grindr Inc. (NYSE:GRND) is one of the stocks Jim Cramer shared insights on. A caller asked if it was time to start a position in the stock, and Cramer remarked:

“Well, I like affinity social networks. I like ones that I think don’t have a lot of debt, that have a lot of opportunities. Now… this was losing a lot of money. It’s expected to make a lot of money next year, so I think it’s a very good level to buy Grindr.”

Grindr (NYSE:GRND) operates a global social networking and dating platform focused on the LGBTQ community. The company announced that it will release its June quarter earnings on August 7. In the previous quarter, the company increased its full-year 2025 forecast, expecting revenue growth of 26% or higher and a minimum adjusted EBITDA margin of 43%. The CEO called 2025 “the biggest year for product innovation in our history.” Additionally, the company stock is down nearly 28% since the last earnings were released.

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Disclosure: None. This article is originally published at Insider Monkey.