Grindr lifts full-year outlook after strong first-quarter growth
Updated
Updated · MarketWatch · May 7
Grindr lifts full-year outlook after strong first-quarter growth
14 articles · Updated · MarketWatch · May 7
The company now expects at least $535 million in revenue and $227 million in adjusted EBITDA after Q1 revenue rose to $129.9 million and paying users grew 19% to 1.4 million.
Average revenue per paying user increased 12% to $25.63, while earnings were 14 cents a share, beating analyst estimates as app-based and advertising revenue climbed strongly.
Chief executive George Arison said product investments and AI-driven efficiency supported margins, though Grindr expects revenue growth to moderate in the second half as it laps last year's price increases.
As profits surge from price hikes, can Grindr win back users who now call the app 'unusable' and exploitative?
As 70% of its code is now written by AI, is Grindr pioneering a sustainable new model for software development?
With its push into telehealth, can Grindr be a trusted health partner while facing lawsuits over selling sensitive user data?