Aug 6, 2026, 4:31 PM ETTechnology

Grindr Inc. — Second Quarter 2026 Earnings Summary

GRNDGRINDR INC

Financial Performance

Second quarter 2026 revenue reached $138 million, representing a 33% year-over-year increase compared to $104.2 million in the same period of 2025.
Net income for the quarter was $18 million, with a net income margin of 13% (12.8% in the table), down from a 16.0% margin in Q2 2025.
Adjusted EBITDA was $58 million (specifically $57.6 million in the table), an increase from $45.2 million in Q2 2025, resulting in an Adjusted EBITDA margin of 42% (41.7% in the table) compared to 43.4% in the prior year period.
For the six months ended June 30, 2026, revenue totaled $268.1 million compared to $198.2 million in the prior year period.
Net income for the six-month period was $44.5 million compared to $43.7 million in the prior year period.
Adjusted EBITDA for the six-month period was $116.1 million compared to $85.9 million in the prior year period.
Stock-based compensation expense was $20.6 million for the quarter and $35.6 million for the six-month period.
Litigation-related costs were $2.9 million for the quarter and $3.5 million for the six-month period.
Interest expense, net, was $6.5 million for the quarter and $13.1 million for the six-month period.

The company raised its full-year 2026 revenue guidance to approximately $540 million.
The company raised its full-year 2026 Adjusted EBITDA guidance to approximately $232 million.
Management indicated that user engagement and organic momentum are driving the positive results and the guidance increase.

The company is transitioning into an "AI-native organization" to unlock operating leverage.
Next-generation products, specifically "Edge," are included in the accelerated roadmap.
The core user experience is being improved alongside the AI transformation.
A landmark partnership with Madonna was executed in Q2, demonstrating cultural and commercial power.
The platform serves 15 million average monthly active users across 190 countries and territories.

Grindr positions itself as the "Global Gayborhood in Your Pocket" and the primary way for its users to connect.
The company notes competition exists within the dating and social networking products and services industry.

Risks include the ability to retain existing users and add new users.
Legal and regulatory compliance risks involve privacy, data protection, consumer protection, online safety laws, and laws applicable to new health and wellness products.
Cybersecurity risks include protecting systems from attacks and preventing unauthorized data access.
The company faces risks related to detecting and suppressing illegal activity.
Strategic transaction risks include the ability to identify, consummate, and realize benefits from partnerships, acquisitions, or investments.
Operational risks involve adapting to technology changes and user preferences in a timely, cost-effective manner.
Technology adoption risks relate to successfully developing and adopting AI and machine learning technologies.
Stock ownership concentration and potential resales by directors or significant stockholders could impact stock price.
Macroeconomic and geopolitical events, including pandemics, trade tensions, and wars, pose risks.
Anti-LGBTQ policies and actions by governments and non-state actors could restrict access to the app in certain countries.

George Arison, Chairman and CEO, described the quarter as "outstanding" driven by strong user engagement and organic momentum.
Management expressed confidence that users are responding better than anticipated to expanded product value and capabilities.
The tone emphasizes executing at "high velocity," expanding profitability, and building a "larger, more essential platform for gay life."
Management highlighted the ability to accelerate the roadmap and improve the user experience within an "exceptionally lean operating model."

An earnings webcast was hosted on August 6, 2026, at 2:00 p.m. Pacific Time.
In February 2025, the company completed the redemption of all outstanding warrants.
The company operates offices in West Hollywood, the Bay Area, Chicago, and New York.
Grindr for Equality has advanced human rights, health, and safety for millions of LGBTQ+ people since 2015.
The reconciliation table notes that the company is unable to estimate net income on a forward-looking basis or reconcile Adjusted EBITDA guidance to net income without unreasonable effort due to the variability of stock-based compensation and other excluded charges.