Slide 1: Q2 2025 Shareholder Letter
Slide 2: Q2.2025 Shareholder Letter
Q2.2025 Shareholder Letter Dear Grindr Shareholders, We delivered another strong quarter, on pace with our full-year guidance, with year-over- year revenue growth of 27% alongside an Adjusted EBITDA margin of 43% and net income margin of 16%. Growth initiatives we launched in Q1 and Q2 in the core a
Slide 3: Expanding Our Product with Maps to Enable Key User Intents
Q2 2025 The Global Gayborhood in your Pocket™ Expanding Our Product with Maps to Enable Key User Intents For years, users have asked for maps within the Grindr app. It’s a natural extension of our experience — location and immediacy are central to how our users connect. Until recently, technical and
Slide 4: Building an AI-Native Grindr
Q2 2025 Building an AI-Native Grindr A-List, our first Al-native product, is shaping up to be a core part of the Grindr platform for our most engaged users — and a model for how we will use proprietary AI to drive value and revenue. A- List helps users navigate hundreds or even thousands of conversa
Slide 5: The Global Gayborhood in your Pocket
Q2 2025 Shareholder Letter The Global Gayborhood in your Pocket™ The architecture layer is central to maintaining our durable competitive advantage through system-level capabilities: utilizing an ensemble of models to generate custom datasets and structured insights; leveraging Grindr's unique data
Slide 6: The Global Gayborhood in your Pocket
Q2 2025 ‘The Global Gayborhood in your Pocket™ Users love our content — Host or Travel has already racked up nearly 14M views and continues to grow ~ and by centralizing everything from Who's the A Grind Present -, Met on Grindr, Grindr en Espafiol, to Grindr for Equality’s Equality Spotlight, we're
Slide 7: Financial & Operating Performance
Q2 2025 The Global Gayborhood in your Pocket™ Q2 2025 Financial & Operating Performance We delivered a strong second quarter with solid performance across our financial and user metrics. Total revenue for the second quarter increased by 27% year-over-year to $104 million, net income was $17 million,
Slide 8: Operating Income
Q2 2025 The Global Gayborhood in your Pocket™ Operating Income Operating income for the second quarter of 2025 was $24 million, or 23% of revenue, compared to $25 million, or 30% of revenue in Q2 2024. Operating expenses, excluding cost of revenue, were $53 million in Q2 2025, up from $37 million in
Slide 9: Performance Metrics
Q2 2025 The Global Gayborhood in your Pocket™ Q2 2025 Performance Metrics Average Paying Users 1.2M Average Paying User Penetration 8.2% Average MAU 14.9M ARPPU $23.65 Conference Call Grindr will host a conference call to discuss these results at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time), Augu
Slide 10: Adjusted EBITDA and Adjusted EBITDA Margin
Q2 2025 The Global Gayborhood in your Pocket™ Adjusted EBITDA and Adjusted EBITDA Margin (in thousands) ‘Three Months Ended Six Months Ended June 30, June 30, ($ in thousands) 2025 2024 2025 2024 Reconciliation of net income (loss) to Adjusted EBITDA Net income (loss)... $ (22,424) $ 43,657 $ (31,83
Slide 11: Free Cash Flow and Free Cash Flow Conversion
Q2 2025 Free Cash Flow and Free Cash Flow Conversion (in thousands) The Global Gayborhood in your Pocket™ Three Months Ended Six Months Ended June 30, June 30, ($ in thousands) 2025 2024 2025 2024 Reconciliation of net cash provided by operating activities to free cash flow Net cash provided by oper
Slide 12: Unaudited Condensed Consolidated Balance Sheets
Q2 2025 The Global Gayborhood in your Pocket™ Unaudited Condensed Consolidated Balance Sheets (in thousands, except for share data) June 30, December 31, 2025 2024 Assets Current Assets Cash and cash equivalents... 120,825 $ 59,152 Accounts receivable, net of allowance of $108 and $39, at June 30, 2
Slide 13: Unaudited Condensed Consolidated Statement of Operations
Q2 2025 The Global Gayborhood in your Pocket™ Unaudited Condensed Consolidated Statement of Operations and Comprehensive Income (Loss) (in thousands) Three Months Ended ‘Six Months Ended June 30, June 30, 2025 2024 2025 2024 -$ 104,220 $ 82,345 $ 198,158 $ 157,690 Revenue... Operating costs and expe
Slide 14: Unaudited Condensed Consolidated Statement of Cash Flows
Q2 2025 The Global Gayborhood in your Pocket™ Unaudited Condensed Consolidated Statement of Cash Flows (in thousands) Six Months Ended June 30, 2025 2024 Operating activities Net income (loss) .... Adjustments to reconcile net income (loss) to net cash provided by operating activities:... =} 43,657
Slide 15: Unaudited Condensed Consolidated Statement of Cash Flows
Q2 2025 The Global Gayborhood in your Pocket™ Unaudited Condensed Consolidated Statement of Cash Flows (in thousands) Operating activities Net income (loss) ..... Adjustments to reconcile net income (loss) to net cash provided by operating activities: Stock-based compensation (Gain) loss in fair val
Slide 16: Unaudited Condensed Consolidated Statement of Cash Flows (continued)
Q2 2025 The Global Gayborhood in your Pocket™ Unaudited Condensed Consolidated Statement of Cash Flows (continued) (in thousands) Six Months Ended June 30, 2025 2024 Financing activities Proceeds from the exercise of stock options i $ 1401 $ 1,732 Repurchases of common stock under the stock repurcha
Slide 17: Forward Looking Statements
Q2 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 Grindr’s current views with respect to our ind
Slide 18: Forward Looking Statements (continued)
Q2 2025 The Global Gayborhood in your Pocket™ repurchases; and (xiv) the effects of macroeconomic and geopolitical events on our business, such as health epidemics, pandemics, natural disasters, the impacts of changing tariff policies and trade tensions, and wars or other regional conflicts. The for
Slide 19: Non-GAAP Financial Measures
Q2 2025 The Global Gayborhood in your Pocket™ Non-GAAP Financial Measures Grindr 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 measures, whic
Slide 20: Key Operating Measures, Trademarks and About Grindr
Q2 2025 The Global Gayborhood in your Pocket™ and Average Total Revenue Per User (ARPU). We define our key operating measures and how we calculate them in the section titled “Management's Discussion and Analysis of Financial Condition and Results of Operations—Operating and Financial Metrics” includ