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. (NYSE:GRND) 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. (NYSE:GRND) operates social network and dating applications for the lesbian, gay, bisexual, transgender, and queer (LGBTQ) communities worldwide.
While we acknowledge the potential of GRND as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
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