Grindr has developed into a credible growth company under CEO George Arison, four years after he took over a business that had moved from Chinese ownership through forced divestiture and private-equity rescue. Revenue is projected to rise from $195 million in 2022 to more than $540 million this year, while adjusted EBITDA margins remain above 40%. The expansion has been driven mainly by higher monetization of existing users rather than major user-base growth: 1.4 million people paid for the service in the second quarter, representing 9% of users, while average revenue per user has risen considerably and nearly doubled since 2022. Grindr says pay conversion increased from below 6% to above 9%.