Inside the Grindr CEO's ‘hardcore' vision for the LGBTQ dating app's future
It's been a rough stretch for dating apps. Match Group, which owns Tinder and Hinge, among others, commands roughly 42% of the dating services industry, according to market research firm IBISWorld. But its earnings—which stood at $551 million in 2024—have been steadily declining since 2022, even amid modest revenue gains. As of February, Match had replaced its CEO twice in the past three years, and activist investors have been pushing it to reverse declines in usage, particularly among Gen Z.
Grindr, meanwhile, continues to grow after going public in 2022. The company increased revenue 33% last year, to $345 million, and boosted monthly average users 7% to reach 14.2 million people, with more than 1 million of them paying. Investors have been pleased: At press time, Grindr stock was up 70% over the past year.
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3 ChatGPT Prompts To Launch A $2,000/Month Side Hustle
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7 hours ago
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Yahoo
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Citizens JMP Raised the Firm's PT on Grindr Inc (GRND), Kept an Outperform Rating
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