Revenue beat consensus as Grindr raised full-year guidance

The quarter came in ahead of the main published expectation. Revenue was $138.1 million, about 4.8% above the published consensus of roughly $131.8 million; no reliable consensus estimate for Adjusted EBITDA was available.

Growth materially accelerated, but profitability did not keep pace. Revenue grew 32.5% year over year and Adjusted EBITDA rose 27.5%, while the Adjusted EBITDA margin fell to 41.7% from 43.4%. Higher interest expense, litigation costs, stock-based compensation and new investment-related losses weighed on reported earnings; net income increased only 6.6% and its margin declined sharply. (Reconciliation of net income to Adjusted EBITDA)

The most important positive is the guidance increase. Grindr had most recently guided to at least $535 million of 2026 revenue and $227 million of Adjusted EBITDA after its first-quarter update. The filing says both targets are being raised, confirming that management views the stronger user engagement and product response as durable enough to lift the full-year framework, although the supplied filing does not state the new dollar amounts. (Press release)

The net read is positive, but not a clean margin beat. The revenue outperformance and raised outlook outweigh the weaker quarterly margins versus the market’s standing expectation. The main qualification is that the filing offers no quantified size for the guidance increase, while expenses excluded from Adjusted EBITDA—including $20.6 million of stock-based compensation and $2.9 million of litigation costs—remain substantial. (Reconciliation of net income to Adjusted EBITDA)