Grindr continues to show impressive financial results, even as its user growth shows signs of slowing. In the second quarter of 2025, the company reported revenue of $104 million, marking a 27% increase compared to the same period last year. Net income reached $17 million, with an adjusted EBITDA of $45 million – reflecting a margin of around 43%.
In a SWOT analysis on Investing.com, Grindr was found to have incredibly strong brand recognition and easy organic user acquisition, given its widespread perception as one of the core apps for the LGBTQ+ community. It also has very high retention rates, especially compared to apps that specifically target smaller audiences within said community.
However, in terms of weaknesses, the analysis also specified that the app’s reputation is one of its major load-bearing points, with Grindr needing to retain trust with its users to succeed. Expansion into other products and services related to its audience – something that Grindr clearly pays attention to, given its sexual health resources and recent re-release of all of its entertainment media – seems to be a major path forward, especially since it builds a stronger connection between user and brand.
Despite the solid financial performance, Grindr slightly missed analyst expectations. Revenue and earnings per share came in marginally lower, prompting a dip in its stock price – still, analysts remain optimistic, maintaining projected share price targets between $24 and $27.
On the user front, Grindr announced approximately 14.9 million monthly active users and around 1.2 million paying users by mid-2025. Both figures represent year-over-year growth, though they too fell just short of expectations. Looking ahead, Grindr is placing its bets on several growth strategies, but so far the app seems to be benefiting most from its position as “THE” LGBTQ+ dating platform.
