Quarterly ResultMay 7, 2026, 04:35 PM
Grindr Q1 Revenue $130M, +38%; Raises 2026 Guidance
AI Summary
Grindr Inc. reported strong first-quarter 2026 financial results, with revenue increasing 38% year-over-year to $130 million and Adjusted EBITDA reaching $58 million. Following this performance, the company raised its full-year 2026 guidance, now expecting at least $535 million in revenue and $227 million in Adjusted EBITDA. Grindr also highlighted product innovations like the upcoming global launch of its premium tier, Edge, and continued share repurchases, despite facing some regulatory headwinds impacting monthly active users in certain regions.
Key Highlights
- Q1 2026 Revenue was $130 million, up 38% year-over-year.
- Q1 2026 Net Income was $27 million, representing a 21% margin.
- Q1 2026 Adjusted EBITDA was $58 million, with a 45% margin.
- Full-year 2026 Revenue guidance raised to at least $535 million.
- Full-year 2026 Adjusted EBITDA guidance raised to at least $227 million.
- Q1 2026 App-based revenue grew 33% year-over-year to $107 million.
- Q1 2026 Advertising revenue increased 68% year-over-year to $23 million.
- Grindr retired 8.3 million shares in Q1 2026; $350 million remains for buybacks.