Grindr Inc. (NYSE:GRND) is one of the Stocks That Could Mint Millionaires in 2026.
Late last month, the company announced that it would cease engagement over a take-private offer from large shareholders Ray Zage and James Lu to buy the company for $18 per share in cash. A special committee of the board made the determination due to continued uncertainty as to the financing for the proposed offer, according to a statement.
On November 6, Grindr Inc. posted earnings for the third quarter, reporting a revenue of $116 million, beating analyst expectations by $2.69 million. The net income during the time was $31 million. While providing updated guidance, the company raised full year 2025 adjusted EBITDA outlook to between $191 million and $193 million, implying a margin greater than 43%, as management reaffirmed its revenue growth outlook of 26% or greater.
Grindr Inc. operates social network and dating applications for the lesbian, gay, bisexual, transgender, and queer (LGBTQ) communities worldwide.
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