Grindr reported Q2 revenue of $138 million, up 33% year over year, and lifted 2026 guidance to roughly $540 million in revenue and $232 million in adjusted EBITDA. The gains come as AI is deployed across products and engineering, delivering 2.5x productivity without more headcount and enabling faster feature delivery. Edge pricing tests broaden potential premium adoption, with Morgan Stanley initiating an overweight stance and a $18 target, underscoring AI-driven monetization potential.
Grindr's recent quarterly results showed revenue above estimates, likely boosting investor confidence. Additionally, the expansion of its share repurchase program by $400 million indicates a strong commitment to shareholder value. The company's focus on AI-driven features could further enhance its growth trajectory and competitiveness in the dating app market.
Grindr's majority shareholders withdrew a $3.5 billion buyout proposal. Analysts now target Grindr's share price between $21 and $26. Grindr shares rose 1.5% following the buyout withdrawal announcement. Majority shareholders hold 64% and continue purchasing shares in the open market. Grindr's net profit increased by 25% in Q3 this year.
Grindr shares surged 18.9% after minority buyout offer. George Zage and James Lu plan $3.5 billion buyout. Offer at $18 per share represents 51% premium. Investors interested; $1 billion in debt financing raised. Grindr's earnings improved despite prior losses.
