Slide 1: Q1 2026 Shareholder Letter
Q1 2026 Shareholder Letter MAY 7, 2026
Slide 2: Dear Grindr Shareholders
Q1 2026 The Global Gayborhood in Your Pocket™ Dear Grindr Shareholders, We delivered exceptional results in Q1 2026. Revenue grew 38% year-over-year, alongside a net income margin of 21% and Adjusted EBITDA margin of 45%. We have now demonstrated repeatedly that when we improve the product, expand t
Slide 3: Product and Innovation
Q1 2026 The Global Gayborhood in Your Pocket™ Product and Innovation Our focus in 2026 is to make Grindr more useful day-to-day, more personalized, and more valuable across a broader range of user needs and intentions. Across the roadmap, that means accelerating work in the core app and beyond it –
Slide 4: Global Gayborhood in Your Pocket and Madonna collaboration
Q1 2026 The Global Gayborhood in Your Pocket™ That is what the Global Gayborhood in Your Pocket means. Not a shift away from what made Grindr matter, but an expansion from it. Over time, the goal is clear: move from a known brand to a loved one, increase relevance, increase utility, and enter adjace
Slide 5: Advertising & Working Toward an Even Better Free Experience
Q1 2026 The Global Gayborhood in Your Pocket™ Advertising & Working Toward an Even Better Free Experience We continue to build our advertising platform as an important lever for long-term growth, centered on more relevant, higher-quality ads. As I have said often, a strong free product is essential
Slide 6: Governance & Capital Allocation
Q1 2026 The Global Gayborhood in Your Pocket™ where we can, including through Grindr for Equality. These are unfortunate realities for our community, and a reminder that our mission is not just about building a successful business, but also about helping make the lives of our users worldwide free, e
Slide 7: Q1 2026 Financial & Operating Performance
Q1 2026 The Global Gayborhood in Your Pocket™ Q1 2026 Financial & Operating Performance Grindr delivered outstanding performance across all financial and user metrics in Q1 2026. Total revenue increased by 38% year-over-year to $130 million, net income was $27 million, representing a net income marg
Slide 8: Operating Income, Net Income, Adjusted EBITDA
Q1 2026 The Global Gayborhood in Your Pocket™ Operating Income Operating income for Q1 2026 was $43 million, or 33% of revenue, compared to $25 million, or 27% of revenue in Q1 2025. Operating expenses, excluding cost of revenue, were $55 million in Q1 2026, up from $44 million in Q1 2025, driven pr
Slide 9: Guidance
Q1 2026 The Global Gayborhood in Your Pocket™ and at attractive prices relative to our view of intrinsic value, while preserving the flexibility to continue investing aggressively in our long-term roadmap. Final share counts and average purchase price per share across all three programs will be dete
Slide 10: Adjusted EBITDA and Adjusted EBITDA Margin
Q1 2026 The Global Gayborhood in Your Pocket™ Adjusted EBITDA and Adjusted EBITDA Margin (in thousands) Shareholder Letter 10
Slide 11: Unaudited Condensed Consolidated Balance Sheets
Q1 2026 The Global Gayborhood in Your Pocket™ Unaudited Condensed Consolidated Balance Sheets (in thousands, except for share data) Shareholder Letter 11
Slide 12: Unaudited Condensed Consolidated Statement of Operations
Q1 2026 The Global Gayborhood in Your Pocket™ Unaudited Condensed Consolidated Statement of Operations (in thousands) Shareholder Letter 12
Slide 13: Unaudited Condensed Consolidated Statement of Cash Flows
Q1 2026 The Global Gayborhood in Your Pocket™ Unaudited Condensed Consolidated Statement of Cash Flows (in thousands) Shareholder Letter 13
Slide 14: Unaudited Condensed Consolidated Statement of Cash Flows Continued
Q1 2026 The Global Gayborhood in Your Pocket™ Unaudited Condensed Consolidated Statement of Cash Flows Continued (in thousands) Shareholder Letter 14
Slide 15: Forward Looking Statements
Q1 2026 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 Grindr’s current views with respect to our ind
Slide 16: Non-GAAP Financial Measures
Q1 2026 The Global Gayborhood in Your Pocket™ business, such as health epidemics, pandemics, natural disasters, the impacts of changing tariff policies and trade tensions, and wars or other regional conflicts; and (xvii) the impact of anti-LGBTQ policies and actions by governments and non-state acto
Slide 17: Key Operating Measures, Trademarks, About Grindr
Q1 2026 The Global Gayborhood in Your Pocket™ Key Operating Measures Our key operating measures include Average Paying Users and Average App-Based Revenue per Average Paying User (ARPPU). We define our key operating measures and how we calculate them in the section titled “Management’s Discussion an