Grindr Raises 2026 Outlook and Issues 2027 Forecast

The Tip Desk · November 11, 2026 · 3 min read

Third-quarter revenue was $141 million as the company lifted 2026 revenue guidance to $560 million and issued an initial 2027 outlook.

Grindr Inc. (GRND), the dating and social-networking company, reported third-quarter 2026 revenue of $141 million, up 22% from a year earlier, and raised its full-year 2026 revenue outlook to $560 million.

Year-over-year revenue growth slowed from 33% in the second quarter and 38% in the first quarter. Revenue in the second quarter was $138 million and in the first quarter $130 million.

Adjusted EBITDA was $62 million, or a 44% margin, compared with $58 million in both the second and first quarters. Adjusted EBITDA margin had been 42% in the second quarter and 45% in the first.

The company again raised its 2026 Adjusted EBITDA outlook, to $236 million, after lifting it to approximately $232 million in the second quarter and at least $227 million in the first.

Grindr also provided an initial 2027 outlook a quarter earlier than usual: revenue of at least $705 million and Adjusted EBITDA of at least $275 million. Chairman and CEO George Arison said the raised 2026 guidance puts the company within its 2024 Investor Day financial targets nearly a full year early.

Net loss was $6.6 million, or a 4.7% net loss margin, versus net income of $30.8 million and a 26.6% net income margin a year earlier. Litigation-related costs of $32.3 million, which the company said primarily represent settlement expenses accrued and external legal fees associated with outstanding litigation or regulatory matters outside the ordinary course, were a large add-back in the Adjusted EBITDA reconciliation. Transaction-related costs were $3.5 million.

Net income excluding litigation-related and transaction-related costs was $21.0 million, or a 14.8% margin. Operating income excluding those costs was $40.6 million, or a 28.7% operating margin.

Arison said user engagement remained strong and that the company is carrying momentum into 2027. The shareholder letter said monthly active users have grown 13% since 2024 through 2025, to an average 15.0 million as of December 31, 2025, from 13.3 million as of December 31, 2023, and that users now spend almost 70 minutes a day on Grindr on average.

The company said the increased 2026 outlook puts it within the $234 million to $252 million Adjusted EBITDA range it envisioned for 2027 at its 2024 Investor Day, with revenue at roughly 93% of that 2027 target.

On November 2, 2026, Grindr acquired PurposeMed Inc., the parent company of Freddie, a telehealth provider of PrEP and HIV prevention care, including partnerships with affiliated clinical networks. The company said the deal brings an established, profitable telehealth business into Grindr Health.

Edge, an AI-native premium tier, launches globally on November 17, with early access beginning November 10. The company said it opened early-access registration on October 20 and that within 72 hours nearly 400,000 users had registered, almost four times a first-week stretch goal of 100,000. Edge is launching at an introductory price of $120 per month. The company said it expects Edge subscribers to reach roughly one-third to two-thirds of 1% of global monthly active users in the first three to four years, with a hard limit of 1%, and that it is deliberately managing the size of the Edge community.