Grindr Inc. · NYSE:GRND
Grindr — Q4 2025 Earnings Presentation
24 slides from Grindr's earnings presentation, Feb 26, 2026
Slide 1: Fourth Quarter and Fiscal Year 2025 Shareholder Letter
Fourth Quarter and Fiscal Year 2025 Q4 2025 Shareholder Letter February 26, 2026 The Global Gayborhood in Your Pocket"
Slide 2: Shareholder Letter
Shareholder Letter Fourth Quarter and Fiscal Year 2025 Dear Grindr Shareholders,€ 2025 was an exceptional year for Grindr. Revenue grew 28% year-over-year to $440M, beating our previously-raised guidance, and we delivered net income of $95M and $196M of Adjusted EBITDA a level of Adjusted EBITDA pro
Slide 3: Average Monthly Active Users
Fourth Quarter and Fiscal Year 2025 Shareholder Letter Average Monthly Active Users 15.0M 135+B Chats Sent Globally Powered by EDGE 12.8+B Taps Sent Globally 2025 Average Time Spent on App Per Day 67 Min Strengthening user metrics underpinned the outstanding financial performance. Albums Shared Glob
Slide 4: Deliver awesome user experiences and continue elevating Grindr into a world-class app
Shareholder Letter For You Watch to unlock premium features Mega Boost Rapidly shipping products Deliver awesome user experiences and continue elevating Grindr into a world-class app Throughout 2025, we continued expanding the product surface area of the core app in ways that deepen engagement, clar
Slide 5: Choose to pay for advanced features
Shareholder Letter Fourth Quarter and Fiscal Year 2025 Manage 3 hidden profiles YOU Chelsea Shared Interests Eli Banana Partyyy 1min ago Met at NYC Pride. Weekend fling; worth rekindling when youˇre back... Chelsea choose to pay for advanced features. By driving revenue growth through these premium
Slide 6: Strengthening Grindr's global brand
Shareholder Letter Fourth Quarter and Fiscal Year 2025 erection meds by Get erection meds is now available Strengthening Grindrˇs global brand Cement Grindr at the center of gay culture; become a beloved brand Over the past two years, we have been deliberate about elevating Grindrˇs brand. As we pre
Slide 7: Increasing talent density
Shareholder Letter Fourth Quarter and Fiscal Year 2025 RAINBOW WOOL(NEW YORK TIMES ARTICLE We're giving Xtina the keys to the Grindr bloop Come. On. Over. CHRISTINA AGUILERA IN-APP ADVERTISEMENT Increasing talent density Continue building a high-performing team to drive our ambitious plans Grindr co
Slide 8: We are concentrating on four priorities in 2026
Shareholder Letter Fourth Quarter and Fiscal Year 2025 We are concentrating on four priorities in 2026: We are making deliberate investment in foundations and upside, by: M We are choosing to reinvest more because this is the moment to strengthen the foundations so we can keep shipping faster, at hi
Slide 9: Second, durable core growth
Shareholder Letter Fourth Quarter and Fiscal Year 2025 Third, operational rigor Grindr Mode. Second, durable core growth. Grindrˇs scale comes from daily utility. We will continue improving onboarding, translation, and localization; unlocking growth internationally and improving the quality of the u
Slide 10: 2025 was a year of both execution and learning
Shareholder Letter Fourth Quarter and Fiscal Year 2025 Chief Executive Officer George Arison 2025 was a year of both execution and learning. We delivered strong financial and product results on a more ambitious plan, and exited the year with clarity on how we will drive Grindrˇs next phase of growth
Slide 11: Q4 & FY 2025 Financial & Operating Performance
Shareholder Letter Fourth Quarter and Fiscal Year 2025 +5% Year-Over-Year Growth 15.0M Average MAU FY 2025 Operational Highlights +17% Year-Over-Year Growth Average Paying Users 1.26M As we have previously highlighted, beginning in Q2 2025 we took accelerated actions to remove unwanted accounts that
Slide 12: Q4 2025 total revenue was $126 million
Shareholder Letter Fourth Quarter and Fiscal Year 2025 Operating Income Revenue Operating income for the quarter was $31 million, or 25% of revenue, compared to $20 million, or 21% of revenue, in Q4 2024. Operating expenses, excluding cost of revenue, were $63 million in Q4 2025. As a percentage of
Slide 13: Adjusted EBITDA for Q4 2025 was $55 million
Shareholder Letter Fourth Quarter and Fiscal Year 2025 Adjusted EBITDA Net Income Adjusted EBITDA for Q4 2025 was $55 million, representing a 44% margin, compared to $39 million, or a 40% margin, in Q4 2024. The year-over-year increase reflected continued strength across our subscription offerings,
Slide 14: Guidance
Shareholder Letter Fourth Quarter and Fiscal Year 2025 $528M Greater Than REVENUE 2026 Guidance $217M ADJUSTED EBITDA Greater Than This expanded authorization gives us flexibility to buy shares when appropriate, and in doing so, return capital to shareholders. Going forward, we expect our pace to be
Slide 15: Conference Call
Shareholder Letter Fourth Quarter and Fiscal Year 2025 FY 2025 Performance Metrics ARPPU Average MAU Average Paying User Penetration Average Paying Users Average Paying Users Conference Call€ Grindr will host a conference call to discuss these results at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Tim
Slide 16: Adjusted EBITDA (in thousands)
Shareholder Letter Fourth Quarter and Fiscal Year 2025 Adjusted EBITDA (in thousands) The Global Gayborhood in Your Pocket" 16
Slide 17: Free Cash Flow (in thousands)
Shareholder Letter Fourth Quarter and Fiscal Year 2025 Free Cash Flow (in thousands) The Global Gayborhood in Your Pocket" 17
Slide 18: Unaudited Consolidated Balance Sheets
Shareholder Letter Fourth Quarter and Fiscal Year 2025 Unaudited Consolidated Balance Sheets (in thousands, except for share data) The Global Gayborhood in Your Pocket" 18
Slide 19: Unaudited Consolidated Statements of Operations
Shareholder Letter Fourth Quarter and Fiscal Year 2025 Unaudited Consolidated Statements of Operations (in thousands) The Global Gayborhood in Your Pocket" 19
Slide 20: Unaudited Consolidated Statements of Cash Flows
Shareholder Letter Fourth Quarter and Fiscal Year 2025 Unaudited Consolidated Statements of Cash Flows (in thousands) The Global Gayborhood in Your Pocket" 20
Slide 21: Unaudited Consolidated Statements of Cash Flows (continued)
Shareholder Letter Fourth Quarter and Fiscal Year 2025 Unaudited Consolidated Statements of Cash Flows (continued) (in thousands) The Global Gayborhood in Your Pocket" 21
Slide 22: Forward Looking Statements
Shareholder Letter Fourth Quarter and Fiscal Year 2025 The Global Gayborhood in Your Pocket" Forward Looking Statements This letter contains ˝forward looking statements˛ within the meaning of the ˝safe harbor˛ provisions of the United States Private Securities Litigation Reform Act of 1995 regarding
Slide 23: Non-GAAP Financial Measures
Shareholder Letter Fourth Quarter and Fiscal Year 2025 Non-GAAP Financial Measures GGrindr uses Adjusted EBITDA, Adjusted EBITDA margin, free cash flow, and free cash flow conversion which are non-GAAP measures, to understand and evaluate our core operating performance. These non-GAAP financial meas
Slide 24: Key Operating Measures
Shareholder Letter Fourth Quarter and Fiscal Year 2025 The Global Gayborhood in Your Pocket" Key Operating Measures Our key operating measures include Average Paying Users, Average Monthly Active Users (Average MAUs), Average Paying User Penetration, Average Direct Revenue per Average Paying User (A