George Raymond Zage Ill and James Fu Bin Lu Respond to Grindr Special Committee decision to Cease Engagement on Proposed Take-Private Transaction - Grindr (NYSE:GRND)

Grindr CEO George Arison said the dating app is shifting to an AI-native approach, using AI coding tools and expecting AI token costs of about $6 million this year. In Q2, Grindr reported revenue of $138 million, up 33% year over year, beating an estimated $132 million, with paying users up 16% to 1.4 million. Full-year 2026 guidance was raised to about $540 million revenue and $232 million adjusted EBITDA.

Grindr shares fell about 3.3% in pre-open after its Q2 2026 earnings. The company reported revenue of $138M, up 33% YoY and above the $132.44M estimate, but EPS was $0.10 versus about $0.14 to $0.16 expected. Adjusted EBITDA margin declined to 42% and net income margin to 13%. Full-year 2026 revenue guidance was raised to about $540M and adjusted EBITDA to about $232M.

Grindr Inc. (GRND) filed an SEC Form 8-K — Results of Operations and Financial Condition. EX-99.1 2 exhibit991-q22026pressrele.htm EX-99.1 Document Exhibit 99.1 Grindr Inc. Reports Second Quarter 2026 Revenue Growth of 33%, Raises Guidance Second Quarter 2026 Revenue of $138 Million Net Income of $18 Million, Net Income Margin of 13% Adjusted EBITDA of $58 Million, Ad

Grindr CEO George Arison said Madonna’s Times Square pop-up, promoted via a Grindr push notification to its 15 million users, capped a weeklong marketing partnership and reflected Grindr’s shift from a stigmatized hookup app. Arison said Goldman Sachs rates the stock buy. Grindr raised 2025 revenue guidance to at least $535 million, citing AI-driven engagement and productivity.

Albertsons Companies said it is voluntarily recalling four ready-to-eat products containing jalapeños supplied by Taylor Farms, including items sold at Randalls in Texas. The recall followed a supplier recall tied to an ongoing federal investigation and an FDA probe of a Salmonella Javiana outbreak. FDA reported 345 illnesses in 27 states, 36 hospitalizations, no deaths.

U.S. health authorities are investigating a Salmonella outbreak linked to Mexican jalapeño peppers. The CDC and FDA say 345 people are ill across 27 states, with 36 hospitalizations and no deaths. The supplier, Coast Citrus Distributors, recalled peppers sent to restaurants including Chipotle and QDOBA. Chipotle removed jalapeños from some outlets and shares fell over 8% on Aug. 4.