By Kelly Cloonan

Grindr logged higher sales in its latest quarter as it continued to attract more paying users.

The dating-app company on Thursday posted a profit of $20.3 million, compared with a loss of $123.9 million a year earlier. The loss in the prior-year quarter was primarily driven by a $139 million non-cash loss from the change in fair value of Grindr's warrant liability, the company said.

Revenue climbed 29% to $126 million, compared with analyst estimates of $122 million.

Direct revenue, which makes up the bulk of the company's topline, rose 29% to $103 million. Advertising revenue grew due to continued demand from third-party advertising partners and strength internationally, the company said.

In 2025, paying users increased 17% to 1.3 million, with average direct revenue per paying user up 8% to $24.25.

For the full year, the company forecasts revenue of more than $528 million. Analysts project $528.9 million.

Grindr's board approved an extension of its buyback program to March 2029 and increased the share repurchase authorization to up to $450 million.

Write to Kelly Cloonan at kelly.cloonan@wsj.com

(END) Dow Jones Newswires

February 26, 2026 17:44 ET (22:44 GMT)

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