Grindr Q2 revenue, adjusted EBITDA beat estimates; lifts FY outlook

Grindr

06/08/2026 21:26

Overview
US dating app's Q2 2026 revenue grew 33% yr/yr, beating analyst expectations
Adjusted EBITDA for Q2 2026 beat analyst expectations, margin reached 42%
Company raised full-year 2026 guidance for revenue and Adjusted EBITDA

Outlook
Grindr raises full-year 2026 revenue outlook to about $540 mln
Company lifts full-year 2026 adjusted EBITDA forecast to about $232 mln
Company says improved guidance reflects strong user engagement and product enhancements

Result Drivers
USER ENGAGEMENT - Co said strong user engagement and organic momentum drove Q2 results
PRODUCT ENHANCEMENTS - CEO said users responded better than anticipated to expanded value and capabilities in the product experience
AI INITIATIVES - Co said transition to an AI-native organization is unlocking operating leverage and accelerating roadmap

Company press release: ID:nBw4c5Qma

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Beat
$138.14 mln
$132.44 mln (4 Analysts)
Q2 Net Income
 
$17.74 mln
 
Q2 Adjusted EBITDA
Beat
$57.64 mln
$55.39 mln (4 Analysts)
Q2 Adjusted EBITDA Margin
 
41.7%
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "strong buy" or "buy", no "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 $18.00, about 1.2% above its August 5 closing price of $17.78
The stock recently traded at 27 times the next 12-month earnings vs. a P/E of 22 three months ago

Reuters Recommended Reads
Aug 5 - Bumble forecasts downbeat quarterly revenue as paying users drop
Aug 4 - Match's weak quarterly revenue forecast masks improving trends at Tinder
Aug 5 - Duolingo's soft quarterly revenue outlook overshadows stronger user growth forecast

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.)