Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ________________________ (Mark One) x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2025 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _________ to _________ Commission file number 001-39714 ________________________ Securities registered pursuant to S ...

Company Performance - Grindr Inc. reported quarterly earnings of $0.08 per share, missing the Zacks Consensus Estimate of $0.10 per share, but showing an increase from $0.07 per share a year ago, representing an earnings surprise of -20.00% [1] - The company posted revenues of $104.22 million for the quarter ended June 2025, missing the Zacks Consensus Estimate by 0.55%, compared to revenues of $82.35 million in the same quarter last year [2] - Over the last four quarters, Grindr has not surpassed consensus EPS estimates, although it has topped consensus revenue estimates twice [2] Market Outlook - Grindr shares have increased approximately 4.5% since the beginning of the year, while the S&P 500 has gained 7.9% [3] - The company's future stock performance will largely depend on management's commentary during the earnings call and the earnings outlook, including current consensus earnings expectations for upcoming quarters [4][6] - The current consensus EPS estimate for the next quarter is $0.11 on revenues of $112.8 million, and for the current fiscal year, it is $0.47 on revenues of $434.1 million [7] Industry Context - The Internet - Software industry, to which Grindr belongs, is currently ranked in the top 28% of over 250 Zacks industries, indicating a favorable outlook compared to the bottom 50% [8] - Empirical research suggests a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can be tracked by investors [5]

Financial Data and Key Metrics Changes - In Q2 2025, total revenue grew 27% year over year to $104 million, with an adjusted EBITDA margin of 43% or $45 million, aligning with the raised full-year guidance [11][14] - Direct revenue for the quarter was $87 million, up 24% year over year, driven by subscription offerings and optimizations [12] - Average monthly active users (MAUs) increased by 6% year over year to 14.9 million, while average paying users rose 16% to 1.2 million [12] - Net income for Q2 was $17 million, representing 16% of revenue, compared to a net loss of $22 million in the same period last year [13] Business Line Data and Key Metrics Changes - Direct revenue growth was led by subscription offerings, with average direct revenue per paying user increasing 7% to $23.65 [12] - Indirect revenue reached $17 million, up 39% year over year, driven by new third-party advertising partners and traction in international markets [12] Market Data and Key Metrics Changes - The company noted strong engagement in the Explore feature, with over 25% of users utilizing it monthly, and launched Explore heat maps across 21 markets [6][12] - The company is focusing on expanding its presence in developing markets like India and the Philippines, where there is significant growth potential [27] Company Strategy and Development Direction - The company aims to build one of the leading AI-native consumer companies, leveraging GenAI to enhance user experiences and drive long-term revenue growth [7] - The introduction of mapping features is expected to enhance local discovery and user engagement, with plans for future product initiatives [31] - The company is committed to improving its marketing strategies in various regions, particularly in Latin America and Asia, to better penetrate those markets [25] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to deliver strong results while executing its long-term vision [5][10] - The company reaffirmed its full-year 2025 outlook of at least 26% revenue growth and an adjusted EBITDA margin of at least 43% [14] Other Important Information - The CFO transition is underway, with the current CFO continuing in her role until a successor is identified [9] - The company has repurchased $325 million in common stock year to date, with $175 million remaining under the share repurchase program [14] Q&A Session Summary Question: What drove the MAU growth in Q2? - Management highlighted three drivers: strong engagement among younger user cohorts, reliance on unique device counting for MAUs, and organic growth from brand recognition [20][21][24] Question: Can you elaborate on the acceleration in indirect revenue? - The CEO noted that indirect revenue growth was driven by increased ad placements and new third-party advertising partnerships, with a focus on maintaining CPM levels [38][39] Question: What are the key drivers behind the increase in operating expenses? - The CFO indicated that increased operating expenses reflect investments in product development and marketing, as well as a more predictable expense profile [43][44] Question: Are there any early learnings from pricing experiments? - Management emphasized that pricing changes will not materially impact 2025 and that the focus is on driving revenue growth through product enhancements [46][47]

AI Native By Design Building gAI to reimagine how Grindr delivers value to users August 7, 2025 © Grindr All rights reserved. 1 LEGAL DISCLOSURE This presentation has been prepared by Grindr Inc. ("Grindr," and together with its subsidiaries, the "Company") for informational purposes only and not for any other purpose. Nothing contained in this presentation is, or should be construed as, a recommendation, promise or representation by the presenter or the Company or any officer, director, employee, agent or ...

LOS ANGELES, CA – August 7, 2025 – Grindr Inc. (NYSE: GRND) ("Grindr" or the "Company"), the Global Gayborhood in Your Pocket , today posted its financial results for the quarter ended June 30, 2025 in a Letter to Shareholders. The Letter to Shareholders can be accessed on Grindr's Investor Relations website: https://investors.grindr.com/. TM "Grindr delivered another strong quarter keeping us firmly on track to achieve our 2025 outlook," said George Arison, Chief Executive Officer of Grindr. "We are delive ...

Financial Data and Key Metrics Changes - The preliminary results indicate that the proposal to elect eight directors was carried, and the selection of Ernst and Young LLP as the independent registered public accounting firm for the fiscal year ending 12/31/2025 was ratified [14][15]. Business Line Data and Key Metrics Changes - No specific financial data or key metrics related to individual business lines were provided in the meeting [13]. Market Data and Key Metrics Changes - No specific market data or key metrics were discussed during the meeting [13]. Company Strategy and Development Direction and Industry Competition - The company’s board of directors recommended against the stockholder proposal regarding the adoption of a human rights policy, stating that it is unnecessary as the company already complies with local requirements [12][13]. Management's Comments on Operating Environment and Future Outlook - Management did not provide specific comments on the operating environment or future outlook during the meeting [13]. Other Important Information - The meeting included a proposal from the AFL CIO Equity Index Funds urging the board to adopt a human rights policy, which was ultimately not approved [15]. Q&A Session Summary - There were no questions submitted regarding the items presented during the meeting [13].

Group 1: Company Performance - Grindr Inc. has achieved a year-to-date return of approximately 22.7%, significantly outperforming the average gain of 1.8% in the Computer and Technology sector [4] - The Zacks Consensus Estimate for Grindr's full-year earnings has increased by 17.5% over the past three months, indicating a positive earnings outlook [3] - Grindr Inc. currently holds a Zacks Rank of 2 (Buy), suggesting strong potential for future performance [3] Group 2: Industry Comparison - Grindr belongs to the Internet - Software industry, which has seen an average gain of 13% this year, further highlighting Grindr's superior performance [5] - In contrast, Nutanix, another stock in the Computer and Technology sector, has a year-to-date return of 19.8% and also holds a Zacks Rank of 2 (Buy) [4][5] - The Computers - IT Services industry, which includes Nutanix, has experienced a decline of 9% since the beginning of the year, showcasing the relative strength of Grindr's performance [6]

Financial Data and Key Metrics Changes - Grindr raised its 2025 revenue guidance to a growth rate of 26% or better, reflecting strong performance in the first quarter and confidence in ongoing initiatives [10][11] - EBITDA margins are expected to remain stable throughout the year, influenced by numerous initiatives and AI-related costs [10][11] Business Line Data and Key Metrics Changes - The company reported significant success with its weekly subscription tier and boost offerings, which have been described as "absolute home runs" [8] - Grindr's user engagement metrics are notably high, with users sending 31 billion chats in 2024 and an average engagement time exceeding 60 minutes [4][5] Market Data and Key Metrics Changes - Approximately 75% of Grindr's monthly active users (MAUs) are located internationally, indicating a strong global presence [15] - The company sees potential for growth in international markets, which are currently under-monetized compared to the U.S. market [53][54] Company Strategy and Development Direction - Grindr is focused on expanding its product roadmap, with over 30 to 40 new products and initiatives planned for 2025, including AI-driven features [9][42] - The company aims to enhance user experience and community engagement, which is integral to its business model [40] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the company's resilience in the face of potential economic downturns, citing the community's strong engagement and higher income demographics [56][58] - The management is bullish on the potential for monetization growth, particularly in international markets, and is exploring new product offerings to enhance user engagement [54][55] Other Important Information - Grindr is investing in AI technologies to improve both user experience and internal efficiencies, with a focus on chat AI and other features [34][36] - The company is actively hiring in key areas such as AI, machine learning, and product development to support its growth strategy [22][24] Q&A Session Summary Question: How does Grindr differentiate itself from other dating apps? - Grindr's broader use case and high engagement metrics set it apart, with a focus on community connectivity and user experience [3][4] Question: What is the outlook for revenue and EBITDA growth? - The company has set long-term targets of 20% to 25% annual revenue growth and 39% to 42% EBITDA margins, with current performance tracking positively [11][12] Question: How does Grindr plan to increase payer conversion? - The company is focused on enhancing the value proposition of its offerings to encourage users to transition from free to paid subscriptions [17][21] Question: What are the expectations regarding App Store fees? - Grindr is exploring options to potentially reduce App Store fees but acknowledges the complexities involved in building out direct payment systems [44][48] Question: What is the potential for international market growth? - Management is optimistic about international monetization opportunities, noting that many markets are currently under-monetized compared to the U.S. [51][53] Question: How would Grindr fare in a consumer downturn? - The company believes it may be more resilient due to its community-based model and the higher income levels of its user base [56][58]

Core Viewpoint - Grindr Inc. (GRND) is showing a significantly improving earnings outlook, making it a potentially solid investment choice as analysts continue to raise their earnings estimates [1][2]. Earnings Estimate Revisions - Analysts' optimism regarding Grindr's earnings prospects is leading to higher estimates, which is expected to positively impact the stock price [2]. - The Zacks Rank system, which correlates earnings estimate revisions with stock price movements, indicates that GRND has strong upward revisions in earnings estimates for both the current quarter and the full year [3]. Current-Quarter Estimate - For the current quarter, Grindr is expected to earn $0.11 per share, reflecting a year-over-year increase of +57.14% [7]. - Over the past 30 days, the Zacks Consensus Estimate for Grindr has risen by 22.22%, with one estimate moving higher and no negative revisions [7]. Current-Year Estimate - For the full year, Grindr is projected to earn $0.47 per share, representing a substantial year-over-year change of +422.22% [8]. - The trend for the current year's estimate revisions is also positive, with one estimate moving higher and no negative revisions [8]. Zacks Rank - Grindr currently holds a Zacks Rank 2 (Buy), indicating promising estimate revisions that could lead to significant outperformance compared to the S&P 500 [9]. - Stocks with Zacks Rank 1 (Strong Buy) and 2 (Buy) have historically outperformed the market [9]. Stock Performance - Grindr shares have increased by 32.7% over the past four weeks, suggesting strong investor confidence in its earnings growth prospects [10].

Core Viewpoint - Momentum investing focuses on following a stock's recent price trends, aiming to buy high and sell higher, with the expectation that established trends will continue [1][2]. Company Analysis: Grindr Inc. (GRND) - Grindr Inc. currently holds a Momentum Style Score of A, indicating strong potential for momentum investing [3]. - The company has a Zacks Rank of 2 (Buy), suggesting it is positioned for outperformance in the market [4]. - Over the past week, GRND shares increased by 9.87%, significantly outperforming the Zacks Internet - Software industry, which rose by 1.43% [6]. - In a longer time frame, GRND shares have shown a monthly price change of 32.67%, compared to the industry's 12% [6]. - Over the past quarter, GRND shares increased by 31.43%, and over the last year, they gained 136.69%, while the S&P 500 moved -5.82% and 9.94%, respectively [7]. - The average 20-day trading volume for GRND is 1,702,926 shares, indicating a bullish trend when combined with rising stock prices [8]. Earnings Outlook - Recent earnings estimate revisions for GRND show positive momentum, with one estimate moving higher for the full year, raising the consensus estimate from $0.40 to $0.47 [10]. - For the next fiscal year, one estimate has also moved upwards, with no downward revisions noted [10]. Conclusion - Given the strong performance metrics and positive earnings outlook, GRND is identified as a promising stock for momentum investing, making it a candidate for short-term investment consideration [12].