Grindr operates the world's largest social networking app for gay, bisexual, and queer men. Founded in 2009, the app uses location-based technology to show users a grid of nearby men ordered by proximity, enabling connections for dating, relationships, and community. The platform had 15M monthly active users across 190+ countries in FY25, with roughly 1.3M paying subscribers — a paid penetration rate of around 8-9%. Grindr generates roughly 82% of revenue from subscriptions (two tiers: XTRA and Unlimited) and standalone add-on purchases, with the remaining ~18% from third-party advertising. The business is notably capital-light: user growth is almost entirely organic, driven by word-of-mouth rather than paid acquisition, and Grindr employs only about 160 full-time U.S.-based employees. A strong free tier — including unlimited messaging at no cost — drives high engagement and sustains network density, while paywalls on premium features drive subscription conversion. Grindr's near-term growth levers include rolling out the first price increases on its core tiers since 2018, expanding internationally (particularly in Western Europe and large emerging markets like Brazil and the Philippines), and growing its advertising business through better ad formats and improved fill rates. Longer term, Grindr is developing a new AI-powered premium tier called Edge, targeting power users with features like AI-generated conversation summaries and match recommendations, with commercial scale targeted for 2027. Grindr also launched Woodwork, a telehealth service offering compounded medications, as the first of several potential lifestyle verticals built on top of its audience.