Grindr Raises Repurchase Capacity to $450M and Posts 28% Revenue Growth
Grindr expanded its share repurchase authorization by $400 million to $450 million over three years through March 2029 after buying back 25.1 million shares for about $450 million in 2025. Full-year revenue rose 28% to $440 million with Adjusted EBITDA of $196 million and free cash flow of $133 million.
1. Expanded Share Repurchase Program
Management approved a three-year, $400 million expansion of its buyback authorization, extending the program to March 2029. After repurchasing 25.1 million shares for approximately $450 million under the original plan, the remaining $50 million rolled into the expanded program, bringing total repurchase availability to $450 million and neutralizing SPAC warrant dilution without adding debt.
2. Strong 2025 Financial Performance
Grindr reported full-year revenue of $440 million, up 28% year-over-year, with Q4 revenue reaching $126 million, a 29% increase. Adjusted EBITDA totaled $196 million (44% margin), net income was $103 million, and free cash flow reached $133 million, supporting both investment initiatives and share repurchases.
3. AI and Product Development Priorities
CEO outlined progress in AI integration, noting 60–70% of new code was generated by AI agents in Q4, driving a 1.5x productivity boost. The EDGE AI-native tier launched in Australia with strong demand and is undergoing pricing tests in select U.S. and global markets through mid-2026.
4. 2026 Guidance and Strategic Outlook
CFO guided 2026 revenue above $528 million and Adjusted EBITDA exceeding $217 million, with clear line of sight. The company will focus on premium AI experiences, durable core growth, operational rigor under “Grindr Mode,” and targeted investments in platform foundations, ecosystem health and advertising.