Grindr Q1 revenue rises 38%, beats analyst expectations

Grindr

07/05/2026 21:22

Overview

US LGBTQ+ social app's Q1 revenue rose 38% yr/yr, beating analyst expectations

Adjusted EBITDA for Q1 beat analyst expectations, margin reached 45%

Company raised full-year 2026 revenue and adjusted EBITDA guidance

Outlook

Grindr raises 2026 revenue outlook to at least $535 mln

Company now sees 2026 adjusted EBITDA of at least $227 mln

Result Drivers

CORE GROWTH INITIATIVES - Co said results benefited from investment in core growth and execution on strategic priorities

NEW FEATURES - Co said new features in 'Right Now' improved the core use case for users

PLATFORM EXPANSION - Co said it is extending the platform’s ability to deliver new experiences and attract partners

Company press release: ID:nBwkMP0Ga

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Beat
$129.94 mln
$119.32 mln (4 Analysts)
Q1 Net Income
$26.75 mln
Q1 Adjusted EBITDA
Beat
$58.47 mln
$50.25 mln (4 Analysts)
Q1 Adjusted EBITDA Margin
45.00%


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the software peer group is "buy"

Wall Street's median 12-month price target for Grindr Inc is $17.00, about 26% above its May 6 closing price of $13.49

The stock recently traded at 23 times the next 12-month earnings vs. a P/E of 19 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)