Grindr Misses 2Q Expectations, Shares Fall

Dow Jones

Aug 08

By Katherine Hamilton

Grindr's second-quarter results missed expectations, putting a damper on shares.

The dating app company on Thursday posted a profit of $16.6 million, or 8 cents a share, in the quarter ended June 30, compared with a loss of $22.4 million, or 13 cents a share, a year earlier. Analysts expected 10 cents a share, according to FactSet.

Revenue rose 25% to $104.2 million. Analysts surveyed by FactSet forecast revenue of $104.7 million. Average monthly active users grew 6% to 14.9 million, while analysts expected 15.1 million.

Shares fell 11% to $15.95 in after-hours trading Thursday. At the close, the stock was roughly flat this year.

It backed its guide for 26% or greater revenue growth.

Grindr is in the midst of an effort to cater more toward users interested in finding a long-term partner. In March, the company announced a $500 million share buyback program to fuel its new product roadmap, as dating apps generally have faced slower growth.

Thursday's results contrast with rival Match Group's earnings earlier this week. The parent company of Tinder and Hinge posted second-quarter sales ahead of expectations, driven by higher revenue per user, sending shares up 13%.

Write to Katherine Hamilton at katherine.hamilton@wsj.com

(END) Dow Jones Newswires

August 07, 2025 18:29 ET (22:29 GMT)

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In March, the company announced a $500 million share buyback program to fuel its new product roadmap, as dating apps generally have faced slower growth.Thursday's results contrast with rival Match Group's e","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"GRND.WS":"GRINDR INC C/WTS (TO PUR COM)","BK4077":"互动媒体与服务","GRND":"GRINDR INC"},"translate_title":"Grindr第二季度未达预期，股价下跌","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"GRND":0.9,"GRND.WS":1},"content_text":"By Katherine Hamilton \n\n\n \n\n\n  Grindr's second-quarter results missed expectations, putting a damper on shares. \n\n\n  The dating app company on Thursday posted a profit of $16.6 million, or 8 cents a share, in the quarter ended June 30, compared with a loss of $22.4 million, or 13 cents a share, a year earlier. Analysts expected 10 cents a share, according to FactSet. \n\n\n  Revenue rose 25% to $104.2 million. Analysts surveyed by FactSet forecast revenue of $104.7 million. Average monthly active users grew 6% to 14.9 million, while analysts expected 15.1 million. \n\n\n  Shares fell 11% to $15.95 in after-hours trading Thursday. At the close, the stock was roughly flat this year. \n\n\n  It backed its guide for 26% or greater revenue growth. \n\n\n  Grindr is in the midst of an effort to cater more toward users interested in finding a long-term partner. In March, the company announced a $500 million share buyback program to fuel its new product roadmap, as dating apps generally have faced slower growth. \n\n\n  Thursday's results contrast with rival Match Group's earnings earlier this week. The parent company of Tinder and Hinge posted second-quarter sales ahead of expectations, driven by higher revenue per user, sending shares up 13%. \n\n\n \n\n\n  Write to Katherine Hamilton at katherine.hamilton@wsj.com \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  August 07, 2025 18:29 ET (22:29 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}