Grindr Q3 revenue beats analyst estimates on strong user engagement; lifts FY revenue guidance 

Overview

• Social networking platform's Q3 revenue grew 22%, beating analyst expectations

• Q3 adjusted EBITDA beat analyst estimates

• Subsequent to quarter end company completed PurposeMed acquisition, expanding telehealth business

Outlook

• Grindr raises 2026 revenue outlook to $560 mln and adj EBITDA to $236 mln

• Company provides initial 2027 outlook for revenue of at least $705 mln and adj EBITDA of at least $275 mln

Result Drivers

• USER ENGAGEMENT - Co said user engagement remained strong in Q3, supporting revenue growth

• NEW PREMIUM TIER - Co launched Edge, an AI-native premium tier aimed at power users seeking more value

• TELEHEALTH EXPANSION - Co completed acquisition of Freddie, expanding access to PrEP through Grindr Health

Company press release:

Key Details

Analyst Coverage

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 6 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

• The average consensus recommendation for the software peer group is "buy"

• Wall Street's median 12-month price target for Grindr Inc is $20.50, about 46.3% above its November 4 closing price of $14.01

• The stock recently traded at 22 times the next 12-month earnings vs. a P/E of 26 three months ago

Reuters Recommended Reads

• Nov 3 - Duolingo Q3 daily active users accelerated to 29% on gains in every region; shares soar

• Nov 4 - Snap Q3 revenue misses estimates; to replace DAU with MAU metric

• Nov 2 - Roku Q3 revenue beats estimates on advertising, subscription growth

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)