Shares of Grindr (GRND) saw an uptick after reporting better-than-expected full-year earnings, posting full-year revenue of $260 million. Grindr CEO George Arison joins Yahoo Finance Live to discuss the results, stating that the company is seeing "really great engagement." Arison notes that the company is "in a strong position," with losses solely stemming from fees associated with the SPAC transaction through which the company went public. While acknowledging that dating has been "at the core of Grindr for a long time," it's "a combination of a social network" for the LGBTQ+ community to develop friendships when traveling and gather health-related information. Arison expresses his aim to build "different use cases" to enhance the app experience for various purposes. Arison states that when features provide value to individuals, "they are willing to pay for those." He noted that although people use Grindr in many different ways, the "features don't support those yet." Arison mentions that generative AI could "help users with communications" given Grindr's substantial chat space — leveraging user data to recommend matches for users and "extend the dating pool." For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Editor's note: This article was written by Angel Smith

Read more --->