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Grindr (GRND)

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Earnings summaries and quarterly performance for Grindr.

Recent press releases and 8-K filings for GRND.

Grindr Take-Private Proposal Withdrawn
GRND
M&A
Share Buyback
Dividends
  • George Raymond Zage Ill and James Fu Bin Lu, who beneficially own more than 60% of Grindr, have withdrawn their non-binding take-private proposal to acquire the company for $18.00 per share.
  • The withdrawal occurred after the Grindr Special Committee ceased engagement on the proposal, citing uncertainty around its financing.
  • In response, Mr. Zage plans to continue purchasing additional Grindr shares in the market and will recommend the company materially increase its share repurchase plans and consider dividends.
  • The Proposing Shareholders highlighted Grindr's outstanding third-quarter financial results, significant share repurchases in 2025 at prices exceeding $18.00, and a low net debt to EBITDA ratio with strong free cash flow growth.
Nov 26, 2025, 2:19 PM
Grindr Reports Strong Q3 2025 Results, Raises Full-Year EBITDA Guidance, and Addresses Takeover Bid
GRND
Earnings
Guidance Update
Takeover Bid
  • Grindr reported strong Q3 2025 results, with revenue up 30% year-over-year to $116 million and Adjusted EBITDA up 37% year-over-year to $55 million, achieving a 47% margin. The company increased its full-year 2025 Adjusted EBITDA expectation to between $191-$193 million, implying a margin greater than 43%, and reaffirmed its revenue growth outlook of 26% or greater.
  • The company is expanding its product offerings, including new GenAI features, and has successfully tested subscription price increases for new subscribers, with a global rollout planned for early next year. Alpha testing has also begun for a new AI-powered premium tier, with a meaningful revenue opportunity expected from late 2026.
  • Grindr repurchased 25.1 million shares for approximately $450 million year-to-date, with $50 million remaining under authorization as of September 30. Additionally, the board has formed a special committee to evaluate a proposal from two large shareholders to take Grindr private , and John North has joined as the new CFO.
Nov 6, 2025, 10:00 PM
Grindr Reports Strong Q3 2025 Results and Raises Full-Year Adjusted EBITDA Guidance
GRND
Earnings
Guidance Update
Revenue Acceleration/Inflection
  • Grindr Inc. reported strong financial results for Q3 2025, with revenue increasing 30% year-over-year to $116 million. Net income for the quarter was $31 million, and Adjusted EBITDA reached $55 million, representing a 47% Adjusted EBITDA margin.
  • Operational highlights for Q3 2025 included a 4% year-over-year growth in Average Monthly Active Users (MAU) to 15.1 million, a 17% increase in Average Paying Users to 1.3 million, and a 7% rise in Average Revenue Per Paying User (ARPPU) to $24.70. The company also noted a 15% increase in daily time spent on the app since 2022, reaching over 67 minutes per user per day.
  • Grindr increased its full-year 2025 Adjusted EBITDA expectation to between $191 million and $193 million, with an Adjusted EBITDA margin above 43%, while reaffirming its revenue growth outlook of 26% or greater.
  • In October, Grindr welcomed John North as its new Chief Financial Officer. The company also repurchased 25.1 million shares year-to-date for approximately $450 million at an average price of $17.93 per share.
Nov 6, 2025, 9:24 PM
Grindr Majority Shareholders Submit Non-Binding Takeover Bid
GRND
Takeover Bid
M&A
  • George Raymond Zage III and James Fu Bin Lu, who beneficially own more than 60% of Grindr Inc. common stock, have submitted a non-binding proposal to acquire all outstanding shares not already owned by them.
  • The proposal offers $18.00 per share for the Minority Shares, which represents an approximately 51% premium over the unaffected stock price on October 10, 2025.
  • The Proposing Shareholders intend for this to be a going-private transaction and have secured significant expressions of interest for financing.
Oct 24, 2025, 5:21 PM
Grindr Inc. Announces 2025 Annual Meeting Results
GRND
Proxy Vote Outcomes
Board Change
Auditor Change
  • Grindr Inc. held its 2025 Annual Meeting of Stockholders on July 30, 2025.
  • Stockholders elected eight directors to serve until the 2026 annual meeting and ratified Ernst and Young LLP as the independent registered public accounting firm for the fiscal year ending December 31, 2025.
  • A non-binding stockholder proposal, introduced by AFL CIO Equity Index Funds, regarding the adoption of a human rights policy covering freedom of association and collective bargaining was not approved.
  • This stockholder proposal referenced a November 1, 2024, complaint by the National Labor Relations Board alleging Grindr unilaterally changed employment terms to discourage union formation, which resulted in two-thirds of eligible employees resigning, amounting to nearly half of Grindr's workforce.
Jul 30, 2025, 11:40 PM
Grindr Reports Q1 2025 Revenue Growth
GRND
Earnings
Guidance Update
Revenue Acceleration/Inflection
  • Q1 2025 Results: Grindr announced a 25% year-over-year revenue growth for Q1 2025, reflecting solid performance.
  • Raised Guidance: The company increased its full-year guidance to at least 26% revenue growth and a minimum 43% adjusted EBITDA margin.
  • Product Initiatives: New product efforts include the early testing of the A-List AI-powered experience and an expanded rollout of the Right Now feature.
May 8, 2025, 12:00 AM