10 Stocks Drop Double Digits as Investor Caution Lingers

5. Grindr Inc. (NYSE:GRND)

Grindr Inc. fell by 16 percent on Thursday to close at $16 apiece as investors sold off positions following a dismal earnings performance last year.

In a statement, GRND said its net loss widened by 135 percent last year to $131 million from $56 million year-on-year despite revenues growing by 32 percent to $344.6 million from $259.7 million in the same comparable period.

For this year, GRND said it expects to book a 24-percent growth in revenues and a 41-percent EBITDA margin.

“With our 2025 guidance, we will continue to deliver another strong growth year. The foundation we’ve built in a short amount of time leaves me truly inspired about what Grindr can accomplish and tremendously enthusiastic about our long-term potential,” said GRND CEO George Arison.

GRND also embarked on a $500 million share buyback program for its common stocks for two years.