Grindr Q2 Revenue Jumps 33%, Beats Estimates; FY Guidance Raised
GRND sits 76% above its 52-week low of $9.732.
Summary
Grindr delivered a strong Q2, with revenue up 33% YoY to $138.14M, beating the $132.44M consensus. Adjusted EBITDA of $57.64M also topped estimates, and margins hit 42%. Management raised full-year guidance to ~$540M in revenue and ~$232M in adjusted EBITDA, citing robust user engagement and AI-driven operating leverage. This follows a pattern of upward revisions — the company also raised guidance after Q1 — and reinforces the growth narrative. The stock trades at 27x forward earnings, a premium to its recent 22x, reflecting heightened expectations that these results validate.
At the time of this announcement, GRND was trading at $17.15 on NYSE in the Technology sector, with a market capitalization of approximately $3B. The 52-week trading range was $9.73 to $18.69. This news item was assessed with positive market sentiment and an importance score of 9 out of 10. Source: Reuters.