Grindr Inc. has recently released its 10-Q report, providing insights into the company's financial performance and operations. Grindr operates a global social networking platform primarily serving the LGBTQ community, offering both ad-supported services and a premium subscription version. The company's mission is to build the "Global Gayborhood in Your Pocket" and make the lives of the global LGBTQ community free, equal, and just. Grindr's platform had 14.9 million Average Monthly Active Users (MAUs) and 1.2 million Average Paying Users for the three months ended June 30, 2025, compared to 14.1 million MAUs and 1.1 million Average Paying Users for the same period in 2024.
The company generated $104.2 million in revenue for the three months ended June 30, 2025, representing a 26.6% increase from the same period in 2024. Grindr's net income for the same period was $16.6 million, compared to a net loss of $22.4 million in 2024. Additionally, the company reported an Adjusted EBITDA of $45.2 million, reflecting a 22.5% increase from the prior year.
For the six months ended June 30, 2025, Grindr generated $198.2 million in revenue, a 25.7% increase from the same period in 2024. The company reported a net income of $43.7 million for the six months ended June 30, 2025, compared to a net loss of $31.8 million in 2024. The Adjusted EBITDA for the same period was $85.9 million, representing a 25.2% increase from the prior year.
Grindr's key operating metrics indicate growth in its user base and paying users, with an Average Paying User Penetration of 8.2% for the three months ended June 30, 2025, compared to 7.5% for the same period in 2024. The company's Average Direct Revenue per Average Paying User (ARPPU) also increased to $23.65 for the three months ended June 30, 2025, from $22.08 for the same period in 2024.
The company's growth in user base and paying users, along with its focus on meaningful interactions and product value, are key factors driving its performance. Grindr's efforts to acquire new users, convert them to paying users, and facilitate meaningful interactions are reflected in its financial growth and user engagement metrics.
Additionally, the report highlights recent developments, including the redemption of warrants and related warrant exercises, as well as ongoing labor matters. These developments provide further insight into the company's financial activities and operational challenges.
As a result of these announcements, the company's shares have moved -12.3% on the market, and are now trading at a price of $15.69. Check out the company's full 10-Q submission here.
