GR

Grindr Inc. Common Stock Earnings Recaps

GRND Information Technology 3 recaps
Next earnings: November 5, 2026 (estimated) · full calendar
Q2 2026 Aug 9, 2026

Shares declined 6.7% following the earnings release despite management’s optimistic commentary, as investors appeared disappointed by the modest upward revision to full-year guidance and cautious outlook on advertising revenue normalization.

Key takeaways
  • Q2 revenue grew 33% year-over-year to $138 million; adjusted EBITDA increased 27% to $58 million, with a 42% margin.
  • App-based revenue rose 30% to $113 million; advertising revenue surged 44% to $25 million but is expected to normalize to historical mid-to-high teens percentage of total revenue by 2027.
  • Operating expenses (ex-revenue costs) increased to $71 million from $53 million last year, partly due to one-time marketing costs related to the Madonna partnership.
  • Full-year 2026 revenue guidance was modestly increased to ~$540 million (from $535 million), and adjusted EBITDA guidance raised slightly to ~$232 million (from $227 million), signaling tempered medium-term optimism.
  • Management highlighted AI-driven efficiency gains and continued product investments, but the cautious tone on ad load discipline and margin pressure likely fueled investor concerns.
Full recap
Q3 2025 Nov 8, 2025

Grindr reported robust earnings for Q3 2025, with a 30% year-over-year revenue growth and an impressive adjusted EBITDA margin of 47%. The company is poised for a strong finish to the year while reaffirming its growth outlook.

Key takeaways
  • Adjusted EBITDA forecast for full year 2025 is raised to $191-$193 million, with margins exceeding 43%.
  • Successful pricing tests for new subscription tiers showed minimal user retention impact, indicating strong customer loyalty.
  • Continued product expansion and feature enhancements, including AI-powered tools, are driving user engagement and revenue growth.
  • A unique demographic influx keeps the platform vibrant, particularly with strong engagement among users aged 18-29.
  • The Board is evaluating a proposal from two major shareholders to take Grindr private, while the company focuses on executing its strategic vision.
Full recap
Q2 2025 Aug 8, 2025

Grindr reported a robust second quarter, achieving a 27% year-over-year revenue growth to $104 million and reaffirming its full-year financial guidance.

Key takeaways
  • Adjusted EBITDA margin was 43%, indicating strong operational efficiency despite rising expenses.
  • Average monthly active users (MAUs) grew 6% year-over-year to 14.9 million, with paying users up 16% to 1.2 million.
  • Indirect revenue surged 39% year-over-year to $17 million, benefiting from new advertising partnerships and international expansion.
  • Net income improved to $17 million, reversing the prior year's loss, with a GAAP EPS of $0.08.
  • Free cash flow for the quarter was $37 million, bolstering a strong cash position of approximately $121 million.
Full recap

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