Perry Creek Capital Increases Grindr Stake by 1.35 Million Shares
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 16 hours ago
0mins
Source: Fool
- Share Acquisition: On May 15, 2026, Perry Creek Capital disclosed the purchase of 1,349,493 shares of Grindr, valued at approximately $15.91 million, indicating strong confidence in the company's growth potential.
- Increased Ownership: Following this acquisition, Perry Creek's stake in Grindr rose to 13.4%, making it a significant part of the fund's 13F assets under management, reflecting a focus on the company's fundamentals.
- Positive Financial Performance: Grindr reported a 38% year-over-year revenue increase to $129.9 million in Q1, with adjusted EBITDA rising 44% to $58.5 million, prompting management to raise its full-year revenue outlook to at least $535 million, showcasing robust growth prospects.
- Market Reaction Analysis: Despite a 49% decline in Grindr's stock price over the past year, management believes market concerns about valuation are overstated, as operational performance remains strong with an adjusted EBITDA margin expanding to 45%.
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Analyst Views on GRND
Wall Street analysts forecast GRND stock price to rise
4 Analyst Rating
4 Buy
0 Hold
0 Sell
Strong Buy
Current: 12.900
Low
20.00
Averages
22.00
High
26.00
Current: 12.900
Low
20.00
Averages
22.00
High
26.00
About GRND
Grindr Inc. manages and operates the Grindr platform, which a global social networking platform primarily serving and addressing the needs of gay, bisexual, and sexually explorative adults. The Company is developing new products for users to engage with the Grindr platform, which include new partnership-based digital versions of services typically found in physical gayborhoods. Its platform enables GBTQ adults to connect with one another. Its platform helps its users find what they are looking for: casual dating, long-term relationships, community and friendships, professional networking, travel information and local discovery. The Grindr platform offers a variety of location-based social features and functions, including identity expression (profile, photos, presence); connection (search, filters, the Cascade, Viewed Me); and interaction (chat, media sharing); with trust and safety tools across the experience, and subscriptions for premium features offering further access and control.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Perry Creek Capital Increases Grindr Stake
- Stake Increase: On May 15, 2026, Perry Creek Capital purchased 1,349,493 shares of Grindr, with an estimated transaction value of $15.91 million, indicating strong confidence in the company's future growth prospects.
- Asset Value Growth: The total value of Grindr's stake reached $21.51 million at quarter-end, reflecting a $15.69 million increase due to both new purchases and price changes during the period.
- Strong Financial Performance: Grindr's first-quarter revenue surged 38% year-over-year to $129.9 million, while adjusted EBITDA climbed 44% to $58.5 million, prompting management to raise its full-year revenue outlook to at least $535 million.
- Market Confidence: Despite the stock's decline, Perry Creek Capital's increased stake suggests a firm belief in Grindr's business fundamentals and growth narrative, which may continue to attract investor interest moving forward.
See More
Perry Creek Capital Increases Grindr Stake by 1.35 Million Shares
- Share Acquisition: On May 15, 2026, Perry Creek Capital disclosed the purchase of 1,349,493 shares of Grindr, valued at approximately $15.91 million, indicating strong confidence in the company's growth potential.
- Increased Ownership: Following this acquisition, Perry Creek's stake in Grindr rose to 13.4%, making it a significant part of the fund's 13F assets under management, reflecting a focus on the company's fundamentals.
- Positive Financial Performance: Grindr reported a 38% year-over-year revenue increase to $129.9 million in Q1, with adjusted EBITDA rising 44% to $58.5 million, prompting management to raise its full-year revenue outlook to at least $535 million, showcasing robust growth prospects.
- Market Reaction Analysis: Despite a 49% decline in Grindr's stock price over the past year, management believes market concerns about valuation are overstated, as operational performance remains strong with an adjusted EBITDA margin expanding to 45%.
See More
Grindr Reports Strong Q1 2026 Earnings with Growth Outlook
- Significant Revenue Growth: Grindr achieved $130 million in revenue for Q1 2026, reflecting a 38% year-over-year increase with a net income margin of 21%, indicating strong performance in core app and ad revenue, which is expected to drive future profitability.
- Adjusted EBITDA Improvement: The adjusted EBITDA reached $58 million, with a margin of 45%, reflecting the company's success in enhancing user conversion and retention rates, further solidifying its competitive position in the market.
- Upward Revision of 2026 Outlook: Management raised the 2026 revenue forecast to at least $535 million and adjusted EBITDA to at least $227 million, a $10 million increase from previous guidance, demonstrating confidence in future growth prospects.
- Edge Product Strategy: CEO Arison emphasized that Edge, positioned as the next-generation premium subscription service, will be a major driver of revenue growth in 2027, expected to significantly enhance user experience and diversify revenue streams.
See More
Grindr Reports Q1 Net Income of $27 Million with Strong Margins
- Net Income Performance: Grindr reported a Q1 net income of $27 million with a net income margin of 21%, showcasing strong profitability that reinforces its position in the social media market.
- Adjusted EBITDA: The adjusted EBITDA reached $58 million with a margin of 45%, indicating significant progress in cost control and operational efficiency, enhancing the sustainability of future growth.
- Upward Revenue Guidance: Grindr raised its full-year 2026 revenue expectation to at least $535 million and adjusted EBITDA to at least $227 million, reflecting an optimistic outlook on future market demand that may attract more investor interest.
- Exceeding Market Expectations: Q1 revenue of $130 million surpassed market expectations by $10.58 million, demonstrating the company's ability to achieve robust growth in a competitive landscape, further boosting market confidence.
See More
Grindr Nominates New Board Members for 2026
- Board Member Nominations: Grindr has announced the nomination of Rob Solomon, Lisa Gersh, and Fadi Hanna for election at the Annual Meeting of Shareholders on June 2, 2026, aiming to enhance the Board's strategic and governance capabilities to support the company's next phase of growth.
- Rob Solomon's Background: As CEO of H55, Solomon has extensive experience in electric aviation and previously led GoFundMe and Groupon, overseeing billions in donations and demonstrating exceptional operational and growth capabilities.
- Lisa Gersh's Contributions: Gersh brings deep expertise in consumer brands and media, having served as CEO for several high-profile companies and as a board member at Hasbro, focusing on brand innovation and consumer engagement to drive business transformation.
- Fadi Hanna's Risk Management: As Chief Risk Officer at Bloomberg, Hanna oversees global risk management and previously served as Managing Director of Compliance at J.P. Morgan, providing critical risk oversight and governance support for Grindr's Board.
See More
Rising Dating Costs Impact Frequency Among Young Americans
- Declining Dating Frequency: According to BMO's survey, 50% of single Americans are going on fewer dates due to rising living costs, with 48% of Gen Z and 40% of millennials stating that high dating expenses hinder their financial goals.
- Cost Analysis: Gen Z spends an average of $205 per date, while millennials spend $252, leading to an annual dating expenditure of approximately $1,845, which constitutes 3% to 5% of median annual income for full-time workers aged 16 to 34, highlighting the significant financial pressure dating imposes on young adults.
- Shifting Dating Approaches: As living costs rise, young people are adopting more conservative dating strategies, reducing high-risk social activities, which results in fewer emotional connections being formed, reflecting the profound impact of economic pressures on social behavior.
- Dating App Expenditures: About 35% of dating app users have paid for subscriptions, averaging $19 per month, and while most users utilize free versions, the
See More
Perry Creek Capital Increases Grindr Stake
- Stake Increase: On May 15, 2026, Perry Creek Capital purchased 1,349,493 shares of Grindr, with an estimated transaction value of $15.91 million, indicating strong confidence in the company's future growth prospects.
- Asset Value Growth: The total value of Grindr's stake reached $21.51 million at quarter-end, reflecting a $15.69 million increase due to both new purchases and price changes during the period.
- Strong Financial Performance: Grindr's first-quarter revenue surged 38% year-over-year to $129.9 million, while adjusted EBITDA climbed 44% to $58.5 million, prompting management to raise its full-year revenue outlook to at least $535 million.
- Market Confidence: Despite the stock's decline, Perry Creek Capital's increased stake suggests a firm belief in Grindr's business fundamentals and growth narrative, which may continue to attract investor interest moving forward.
See More
Perry Creek Capital Increases Grindr Stake by 1.35 Million Shares
- Share Acquisition: On May 15, 2026, Perry Creek Capital disclosed the purchase of 1,349,493 shares of Grindr, valued at approximately $15.91 million, indicating strong confidence in the company's growth potential.
- Increased Ownership: Following this acquisition, Perry Creek's stake in Grindr rose to 13.4%, making it a significant part of the fund's 13F assets under management, reflecting a focus on the company's fundamentals.
- Positive Financial Performance: Grindr reported a 38% year-over-year revenue increase to $129.9 million in Q1, with adjusted EBITDA rising 44% to $58.5 million, prompting management to raise its full-year revenue outlook to at least $535 million, showcasing robust growth prospects.
- Market Reaction Analysis: Despite a 49% decline in Grindr's stock price over the past year, management believes market concerns about valuation are overstated, as operational performance remains strong with an adjusted EBITDA margin expanding to 45%.
See More
Grindr Reports Strong Q1 2026 Earnings with Growth Outlook
- Significant Revenue Growth: Grindr achieved $130 million in revenue for Q1 2026, reflecting a 38% year-over-year increase with a net income margin of 21%, indicating strong performance in core app and ad revenue, which is expected to drive future profitability.
- Adjusted EBITDA Improvement: The adjusted EBITDA reached $58 million, with a margin of 45%, reflecting the company's success in enhancing user conversion and retention rates, further solidifying its competitive position in the market.
- Upward Revision of 2026 Outlook: Management raised the 2026 revenue forecast to at least $535 million and adjusted EBITDA to at least $227 million, a $10 million increase from previous guidance, demonstrating confidence in future growth prospects.
- Edge Product Strategy: CEO Arison emphasized that Edge, positioned as the next-generation premium subscription service, will be a major driver of revenue growth in 2027, expected to significantly enhance user experience and diversify revenue streams.
See More
Grindr Reports Q1 Net Income of $27 Million with Strong Margins
- Net Income Performance: Grindr reported a Q1 net income of $27 million with a net income margin of 21%, showcasing strong profitability that reinforces its position in the social media market.
- Adjusted EBITDA: The adjusted EBITDA reached $58 million with a margin of 45%, indicating significant progress in cost control and operational efficiency, enhancing the sustainability of future growth.
- Upward Revenue Guidance: Grindr raised its full-year 2026 revenue expectation to at least $535 million and adjusted EBITDA to at least $227 million, reflecting an optimistic outlook on future market demand that may attract more investor interest.
- Exceeding Market Expectations: Q1 revenue of $130 million surpassed market expectations by $10.58 million, demonstrating the company's ability to achieve robust growth in a competitive landscape, further boosting market confidence.
See More
Grindr Nominates New Board Members for 2026
- Board Member Nominations: Grindr has announced the nomination of Rob Solomon, Lisa Gersh, and Fadi Hanna for election at the Annual Meeting of Shareholders on June 2, 2026, aiming to enhance the Board's strategic and governance capabilities to support the company's next phase of growth.
- Rob Solomon's Background: As CEO of H55, Solomon has extensive experience in electric aviation and previously led GoFundMe and Groupon, overseeing billions in donations and demonstrating exceptional operational and growth capabilities.
- Lisa Gersh's Contributions: Gersh brings deep expertise in consumer brands and media, having served as CEO for several high-profile companies and as a board member at Hasbro, focusing on brand innovation and consumer engagement to drive business transformation.
- Fadi Hanna's Risk Management: As Chief Risk Officer at Bloomberg, Hanna oversees global risk management and previously served as Managing Director of Compliance at J.P. Morgan, providing critical risk oversight and governance support for Grindr's Board.
See More
Rising Dating Costs Impact Frequency Among Young Americans
- Declining Dating Frequency: According to BMO's survey, 50% of single Americans are going on fewer dates due to rising living costs, with 48% of Gen Z and 40% of millennials stating that high dating expenses hinder their financial goals.
- Cost Analysis: Gen Z spends an average of $205 per date, while millennials spend $252, leading to an annual dating expenditure of approximately $1,845, which constitutes 3% to 5% of median annual income for full-time workers aged 16 to 34, highlighting the significant financial pressure dating imposes on young adults.
- Shifting Dating Approaches: As living costs rise, young people are adopting more conservative dating strategies, reducing high-risk social activities, which results in fewer emotional connections being formed, reflecting the profound impact of economic pressures on social behavior.
- Dating App Expenditures: About 35% of dating app users have paid for subscriptions, averaging $19 per month, and while most users utilize free versions, the
See More
