Grindr's next hookup? Your doctor and your travel plans
Grindr CEO George Arison wants the app to become a 'gayborhood in your pocket,' bolting on healthcare (ED meds, HIV prevention, eventually gay doctors) and travel features on top of its dating core. It's paying off financially: revenue is set to nearly triple from $195M in 2022 to $540M+ this year, with margins over 40%, mostly by squeezing more cash from the same users rather than growing them. A pricier new subscription tier called EDGE launches later this year, and Arison insists Wall Street still slaps a 'gay discount' on the stock despite the growth.
The numbers
Grindr's paid users sit at just 9% of its base, yet average revenue per user has nearly doubled since 2022. The stock still trades at an 11x 2027 EBITDA multiple, about 35% below dating-app peers, something Arison blames on investor bias rather than business fundamentals.