Grindr (NYSE:GRND) Q4 2025 Earnings call February 26, 2026 05:00 PM ET Company ParticipantsAndrew Boone - Managing DirectorAndrew Marok - Director of InternetEric Sheridan - Partner and Managing DirectorGeorge Arison - CEOJohn North - CFOLogan Whalley - VP of Equity ResearchTolu Adeofe - Director of Investor RelationsConference Call ParticipantsNathan Feather - SMID Internet AnalystOperatorMy name is Kate and I will be your conference operator today. At this time, I would like to welcome you to the Grindr f ...

Grindr (NYSE:GRND) Q4 2025 Earnings call February 26, 2026 05:00 PM ET Company ParticipantsAndrew Boone - Managing DirectorAndrew Marok - Director of InternetEric Sheridan - Partner and Managing DirectorGeorge Arison - CEOJohn North - CFOLogan Whalley - VP of Equity ResearchTolu Adeofe - Director of Investor RelationsConference Call ParticipantsNathan Feather - SMID Internet AnalystOperatorMy name is Kate and I will be your conference operator today. At this time, I would like to welcome you to the Grindr f ...

Grindr (NYSE:GRND) Q4 2025 Earnings call February 26, 2026 05:00 PM ET Speaker5My name is Kate and I will be your conference operator today. At this time, I would like to welcome you to the Grindr fourth quarter 2025 earnings call. All lines have been placed on mute to prevent any background noise. After the speaker's remarks, there will be a question and answer session. If you would like to ask a question during this time, and if you have joined via the webinar, please use the Raise Hand icon, which can be ...

Exhibit 99.1 Grindr Inc. Delivers 28% Full Year 2025 Revenue Growth Introduces 2026 Guidance: Revenue Greater than $528 Million and Adjusted EBITDA Greater than $217 Million Announces $400 Million Increase to Common Stock Repurchase Program; Program Extended to March 2029 LOS ANGELES, CA – February 26, 2026 – Grindr Inc. (NYSE: GRND) ("Grindr" or the "Company"), the Global Gayborhood in Your Pocket , today posted its financial results for the fourth quarter and fiscal year ended December 31, 2025, in a Lett ...

Core Viewpoint - The online dating app sector is experiencing significant stock price declines, raising questions about its future viability and potential as a value investment [1][12]. Group 1: Market Performance - Match Group's share price has decreased nearly 85%, while Bumble has lost over 95% and Grindr has fallen around 60% [1]. - Match Group's revenue is projected to remain stable at approximately USD 3.5 billion in 2026, with free cash flow expected to rise from USD 1 billion in 2025 to between USD 1.09 billion and USD 1.14 billion [13]. - Bumble's market cap has shrunk to around USD 400 million, trading at approximately 1x sales and 3x EV/EBITDA [17]. Group 2: User Engagement and Monetization - Tinder has a substantial user base, with 50-75 million monthly active users globally, and captures 30-40% of the industry's revenue [3][4]. - The app's monetization strategy relies heavily on upselling features, indicating a strong ability to generate revenue from its users [4]. - Grindr's user behavior differs from general dating apps, with users spending approximately 140-150 minutes per week on the platform, leading to higher advertising revenue per user [20]. Group 3: Industry Challenges - The dating app industry faces criticism regarding user satisfaction, with headlines indicating that users are becoming fatigued with the platforms [5]. - Concerns have been raised about the addictive nature of dating apps, with some reports suggesting they may hinder rather than help users find meaningful relationships [14][15]. - New AI-driven matchmaking tools are emerging, potentially disrupting traditional dating app revenue models [14]. Group 4: Management and Strategic Initiatives - Match Group appointed Spencer Rascoff as CEO, who has a strong background in M&A and has invested millions in company stock, indicating confidence in the turnaround strategy [9]. - Deutsche Bank's research highlights a three-phase turnaround plan focusing on cultural reset and product revitalization, with a commitment to returning at least 100% of free cash flow to shareholders [11]. Group 5: Future Outlook - The stock of Match Group is considered potentially undervalued, trading at 9x FY26E EBITDA, with projections suggesting a favorable risk-reward scenario for patient investors [11][16]. - Grindr's stock price has fallen significantly, but it may be seen as cheap compared to a previous buyout offer of USD 18 per share, now trading around USD 10 [24][25]. - The dating app industry remains complex, with conflicting signals making it difficult to form a high-conviction view on future performance [29].

Core Insights - Grindr was close to going private after majority owners sought to remove it from the public market, but discussions ended and one owner sold shares [1][6] Transaction Summary - Majority owner James Lu sold 1.45 million shares of Grindr for a total transaction value of $14.6 million [2] - Post-transaction, Lu holds only 4,455 shares directly, while indirect holdings are reduced to 18,432,101 shares [2][8] Company Overview - Grindr Inc. operates a social networking and dating app for LGBTQ communities, utilizing a dual revenue model of advertising and premium subscriptions [5] - As of February 14, 2026, Grindr's market capitalization is $1.86 billion, with a revenue of $411.55 million and a one-year price change of -45.54% [4] Recent Developments - Lu and fellow majority owner Raymond Zage previously proposed a buyout at $18 per share, significantly above the current price, but negotiations were terminated due to financing concerns [6][9] - The company is under investigation for potential breaches of fiduciary duties related to the termination of buyout negotiations [9] Subscription Service Pilot - Grindr is testing a new subscription service called "Edge," which offers AI-powered features, with proposed prices reaching as high as $499, significantly higher than its current highest subscription of $44.99 [9][10]

Core Viewpoint - Grindr is launching the fourth season of its award-winning podcast "Who's the Asshole?" featuring humor and queer excellence, hosted by Katya Zamolodchikova [1] Group 1 - The new season promises outrageous scenarios and hot takes, showcasing the messiest dilemmas yet [1] - The podcast is characterized by razor-sharp wit and unapologetic honesty [1] - The content is rooted in Grindr's community and culture [1]

Core Viewpoint - Johnson Fistel, PLLP is investigating potential breaches of fiduciary duty by the Board of Directors of Grindr Inc. regarding their decision to terminate negotiations with the company's controlling stockholder, assessing whether this decision aligns with the duties owed to all stockholders, especially minority holders [1]. Group 1 - The investigation focuses on the impact of the Board's decisions on stockholder rights, including the balance of control within the company and the treatment of non-controlling investors [2]. - Shareholders of Grindr are encouraged to participate in the investigation and can find more information through a provided link or by contacting the lead analyst [2]. - Johnson Fistel, PLLP is a recognized shareholder-rights law firm that represents both individual and institutional investors in various legal actions related to securities [3]. Group 2 - In 2024, Johnson Fistel was ranked among the Top 10 Plaintiff Law Firms by ISS Securities Class Action Services, having recovered approximately $90.725 million for clients in cases where it served as lead or co-lead counsel [4].

Core Insights - Maple Tree Capital's Q3 2025 performance was mixed, with the Jonagold portfolio experiencing a 13.12% loss due to a decline in Upstart, while the Heartwood portfolio gained 40.2%, significantly outperforming the S&P 500's 82% return since its inception in 2023 [1] Company Performance - Grindr Inc. (NYSE:GRND) reported a one-month return of 3.15% but faced a 24.83% decline over the last 52 weeks, closing at $13.41 per share with a market capitalization of $2.574 billion on December 29, 2025 [2] - Grindr's total revenue increased by 30% year-over-year to $116 million in Q3 2025 [4] Competitive Landscape - Grindr is facing increased competition from emerging dating apps like Sniffies, which has contributed to a steep decline in its stock price [3] - Concerns regarding Grindr's user metrics and ARPPU growth have been raised, leading to a short report that has intensified negative sentiment [3] Investment Outlook - Despite the challenges, Maple Tree Capital believes Grindr is well-positioned to serve the LGBTQ+ community and plans to increase its stake in the company [3] - Grindr is not among the 30 most popular stocks among hedge funds, with 29 hedge fund portfolios holding its shares at the end of Q3 2025, down from 32 in the previous quarter [4]

Core Points - Two burglars used the Grindr dating app to deceive victims into allowing them into their homes, leading to theft of devices and funds [1][9] - Rahmat Khan Mohammadi targeted 11 victims over a five-month period, while Mohammed Bilal Hotak committed multiple offenses within a shorter timeframe [2] - Both men received significant prison sentences, with Mohammadi sentenced to five years and Hotak to three and a half years [2] Legal Proceedings - Judge Adenike Balogun highlighted the psychological trauma and distress caused to the victims, emphasizing the violation of their private spaces [3] - The prosecution suggested that the crimes could be viewed as hate crimes due to the targeting of victims based on their sexuality [3][4] - The judge noted that the victims were targeted for their perceived vulnerability rather than out of hostility towards their sexuality [4] Modus Operandi - The burglars exploited Grindr to gain easy access to victims' homes, often using deceptive profiles and distraction tactics to facilitate the theft [5][7] - They would ask victims to play music on YouTube, which prevented the phone from being locked, allowing them to steal devices [7] - The defense argued that Grindr's anonymity provided a unique opportunity for the men to commit their crimes without fear of repercussions [9] Victim Impact - Victims reported severe psychological trauma, with one individual expressing distress over losing irreplaceable family photos stored on his phone [9][10] - Another victim described the experience as invasive and degrading, leading to lasting fear of online dating [10] - The Metropolitan Police's hate crime lead characterized the crimes as "callous, calculated, pre-planned," emphasizing the devastating impact on victims [13]