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• Tinder for the gay community.

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• Grindr Mobile Application: A free social networking and dating service connecting gay, bi, trans, and queer individuals globally.
• Grindr XTRA: A premium subscription tier providing an ad-free experience, enhanced filters, more profile views, and other expanded features within the Grindr app.
• Grindr Unlimited: The highest-tier subscription service offering all Grindr XTRA features along with exclusive benefits such as incognito mode and the ability to unsend messages.

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Grindr (GRND) primarily sells its services directly to individual users, rather than to other companies. Its revenue is generated through subscriptions (Grindr XTRA and Grindr Unlimited) and advertising displayed within the app.

Based on user motivations and engagement patterns, Grindr serves the following categories of individual customers:

• Individuals seeking short-term, casual encounters or hookups: This is a significant segment of Grindr's user base, leveraging the app's location-based features for immediate and casual connections.
• Individuals seeking longer-term romantic relationships or dating: Another category of users utilizes Grindr as a dating platform with the intention of finding more serious or committed relationships.
• Individuals seeking social connection, friendship, and community: Many users engage with Grindr not solely for romantic or sexual purposes, but also to connect with other LGBTQ+ individuals for friendship, networking, or to feel part of a broader community, especially in areas where physical LGBTQ+ spaces might be limited.

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George Arison, Chief Executive Officer

George Arison has served as the CEO of Grindr since October 2022, leading the company's vision for a world where its global community in over 190 countries is free, equal, and just. He brings extensive entrepreneurial experience to his role. Arison co-founded Taxi Magic (now known as Curb) in 2007, which pioneered the use of mobile applications for on-demand ground transportation. In 2014, he co-founded Shift, an online marketplace for buying and selling used cars, which he took public in 2020 through a merger with a Special Purpose Acquisition Company (SPAC). He also founded Pulsar AI, an conversational AI platform for the auto industry, which was later acquired. Arison previously worked as a product manager at Google and a consultant at Boston Consulting Group.

John North, Chief Financial Officer

John North joined Grindr as Chief Financial Officer in October 2025. He possesses over two decades of experience leading high-growth public companies, having served as both CEO and CFO at Fortune 500 and S&P 500 global organizations. Most recently, North was the CEO of Lazydays Holdings. His prior CFO roles include positions at Copart, Avis Budget Group, and Lithia & Driveway. North also serves as a Non-Executive Board Member of XPEL, where he chairs the Compensation Committee.

AJ Balance, Chief Product Officer

AJ Balance has served as Grindr's Chief Product Officer since December 2021. Before joining Grindr, Mr. Balance was the lead product manager of the Driving Team at Uber Technologies from 2016 to 2019. He also co-founded and served as Chief Executive Officer of Dispatcher, Inc., a logistics technology platform, from 2013 to 2016. Earlier in his career, he was a product manager at Gigwalk and an analyst in corporate strategy and business development at The Walt Disney Company.

Zac Katz, General Counsel and Head of Global Affairs

Zac Katz joined Grindr in September 2023 as General Counsel and Head of Global Affairs, reporting to CEO George Arison. He brings over two decades of experience in law, technology, and government. Prior to Grindr, Katz was the Chief Legal & Corporate Affairs Officer at Age of Learning, an education technology company. He also served in the Obama Administration as Chief of Staff and Chief Counsel of the Federal Communications Commission, and in the White House Counsel's Office.

Tristan Pineiro, Senior Vice President of Brand Marketing and Communications

Tristan Pineiro was appointed Senior Vice President of Brand Marketing and Communications at Grindr in September 2023. He leads the company's integrated brand marketing and communications functions, reporting directly to the CEO. Pineiro has over 20 years of experience in brand building and communications, having previously led global teams at companies such as mobile gaming company King (for Candy Crush), dating app Badoo (part of Bumble), and Netflix.

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1. Regulatory and Data Privacy Challenges: Grindr operates in a highly sensitive sector involving personal and potentially private user data, particularly within the LGBTQ+ community. The company is subject to complex and evolving U.S. and international laws and regulations concerning data privacy, protection, and user safety. Compliance failures or regulatory actions can lead to significant monetary penalties, negative publicity, and increased operational costs. For instance, an Oslo District Court upheld a decision against Grindr related to its data practices. Maintaining user trust and protecting systems from cyber-attacks and unauthorized data access are critical to mitigating these risks.
2. Intense Competition and User Growth/Retention: The online dating and social networking market is highly competitive, with numerous players vying for user attention. Grindr's ability to retain its existing user base and attract new users is fundamental to its sustained growth. There are indications of slowing monthly active user (MAU) growth, and a failure to continually improve the product or address user needs could negatively impact user engagement and retention. Product mismanagement could also lead to a decline in user growth and future monetization opportunities.
3. Governance Uncertainty and Insider Actions: Grindr has faced scrutiny regarding its corporate governance, including an investigation into the Board's fiduciary duties. Concerns have also been raised about insider selling activity, which can negatively affect investor confidence and sentiment. Discussions around the company potentially returning to private ownership, driven by financial challenges faced by major stakeholders, also highlight underlying governance and financial stability concerns.

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The addressable market for Grindr's main product, a location-based social networking and online dating application for LGBTQ+ individuals, is primarily the global LGBTQ+ dating app market.

The global LGBTQ+ dating app market was valued at approximately USD 935.9 million in 2024 and is projected to grow to USD 1,023 million in 2025. It is expected to reach USD 2.5 billion by 2035, demonstrating a compound annual growth rate (CAGR) of around 9.3% from 2025 to 2035. Another estimate values the global LGBTQ+ dating app market at USD 1.5 billion in 2024, with a projected growth to USD 3.2 billion by 2033 at a CAGR of 9.3% from 2026 to 2033. Some reports also indicate the market was estimated at USD 2 billion in 2025 and is projected to reach USD 6 billion by 2033, growing at a CAGR of 15% from 2025 to 2033.

Regionally, North America represents a significant portion of this market. The LGBTQ+ dating app market in North America was valued at USD 450 million in 2024 and is projected to reach USD 1.1 billion by 2035.

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Grindr (GRND) is expected to drive future revenue growth over the next 2-3 years through several key initiatives:

1. Subscription Price Increases: Grindr is actively testing subscription price hikes in various markets and anticipates a global rollout of these changes early next year. These adjustments are expected to contribute to revenue growth.
2. Introduction of an AI-Powered Premium Tier: The company plans to launch a new AI-powered premium subscription tier for "power users" in late 2026, with significant acceleration expected in 2027. This new offering is designed to become a substantial revenue stream.
3. Continued User Growth and Enhanced Engagement: Grindr attributes its strong performance to growth in monthly active users (MAU), paying users, and average revenue per user (ARPPU), supported by robust engagement metrics. The platform's ability to attract and monetize both younger and older user cohorts is a consistent driver of long-term monetization potential.
4. International Expansion: Grindr is strategically focusing on global growth, with executives highlighting the importance of international markets and outlining plans for expansion to capture significant growth opportunities outside its existing core markets.
5. Growth in the Advertising Business: The advertising business demonstrated strong outperformance in Q3 2025, driven by successful engagement with international third-party advertising partners. Grindr continues to build out its third-party advertising platform, indicating ongoing efforts to expand this revenue stream.

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Share Repurchases

• Grindr announced a two-year share repurchase program of up to $500 million, authorized by its board of directors on March 5, 2025.
• As of September 19, 2025, Grindr's largest shareholder, G. Raymond Zage, III, surpassed 50% beneficial ownership of the company's outstanding common stock following recent share repurchases.

Share Issuance

• Grindr went public on November 18, 2022, through a merger with Tiga Acquisition Corp., a special purpose acquisition company (SPAC).
• The SPAC merger deal provided Grindr with an estimated $384 million in proceeds.
• In connection with the redemption of outstanding warrants, 3,418,518 shares of common stock were issued from the cashless exercise of 9,469,634 warrants as of January 23, 2025.

Inbound Investments

• In 2020, San Vicente Acquisition LLC, established by G. Raymond Zage III and James Lu, acquired Grindr for approximately $608 million.
• On October 24, 2025, Tiga Investments, led by G. Raymond Zage III, offered to acquire all outstanding shares for $18 per share, valuing the company at $3.5 billion.
• This proposed take-private deal by majority owners Raymond Zage and James Lu, who collectively own over 60% of Grindr, plans to be financed through a combination of equity rollover, a $1 billion first-lien term loan, and up to $100 million in new cash equity from the proposing shareholders.

Capital Expenditures

• Grindr's annual capital expenditures were $5.59 million in 2022, $4.23 million in 2023, and $5.345 million in 2024.
• Quarterly capital expenditures were $1.258 million for Q4 2024, $628K for Q1 2025, and $880K for Q2 2025.
• The company's product roadmap, which includes developing new features and expanding "Gayborhood" services, with a focus on leveraging AI, indicates a primary focus for its capital expenditures on technology and product development.