Grindr Inc. reported significant financial growth in its latest quarterly results, with revenue reaching $104.2 million for the three months ended June 30, 2025, a 26.6% increase from $82.3 million in the same period last year. For the first half of 2025, the company generated $198.2 million in revenue, up 25.7% from $157.7 million in the prior year. The increase in revenue was primarily driven by a rise in both Average Paying Users and Average Revenue Per Paying User (ARPPU), which reached $23.65, up from $22.08 a year earlier. The company reported a net income of $16.6 million for the second quarter, a substantial turnaround from a net loss of $22.4 million in the same quarter of 2024.
Grindr's operational metrics also showed positive trends, with Average Monthly Active Users (MAUs) increasing to 14.9 million in Q2 2025, compared to 14.1 million in Q2 2024. The number of Average Paying Users rose to 1.2 million, reflecting a 16% increase year-over-year. The company attributed this growth to enhanced subscription offerings and effective merchandising strategies, which have strengthened user engagement and conversion rates. The direct revenue from subscriptions constituted 83.4% of total revenue for the quarter, indicating a strong reliance on its premium services.
In terms of strategic developments, Grindr completed the redemption of all outstanding warrants in February 2025, which resulted in significant cash inflow of $314.1 million from warrant exercises. This financial maneuver has improved the company's liquidity position, with cash and cash equivalents totaling $120.8 million as of June 30, 2025. Additionally, the company has initiated a stock repurchase program, authorizing the buyback of up to $500 million in shares, with approximately $294.1 million spent on repurchases in the first half of 2025.
Grindr's operational expenses also increased, with total operating expenses for Q2 2025 amounting to $79.9 million, up from $57.8 million in Q2 2024. This rise was driven by higher selling, general, and administrative expenses, as well as increased product development costs. The company reported an Adjusted EBITDA of $45.2 million for the second quarter, reflecting a margin of 43.4%. Looking ahead, Grindr aims to continue expanding its user base and enhancing its product offerings, while navigating the competitive landscape of the social networking industry. The company remains focused on leveraging its brand strength and user engagement to drive future growth.
About Grindr Inc.
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