Grindr will post third-quarter results after the market closes Nov. 5, and CEO George Arison will stream the 2 p.m. Pacific call on his own X and LinkedIn accounts, the company said Oct. 22.
It’s Grindr’s first report since it agreed Sept. 30 to buy Freddie, a telehealth service for HIV prevention drugs, for $250 million. It’s also the quarter Grindr told investors would be slower.
“We expect growth rates will naturally moderate in the third quarter and fourth quarter,” chief financial officer John North told analysts on the second-quarter earnings call, according to a call transcript. Revenue had just grown 33% in the second quarter. North said Grindr would “lap more difficult comparisons from the second half of 2025,” when it raised subscription prices.
Inside Grindr’s $250 Million Deal for Freddie’s Parent, PurposeMed
Grindr is paying $190 million in cash and $60 million in stock, according to its SEC filing. That’s 3,851,684 shares, each valued at $15.58. Freddie’s owners can earn up to $70 million more if it hits 2027 targets. Either side can walk away if the deal hasn’t closed by Dec. 30.
Freddie started in Canada in 2020 and moved into the U.S. in 2024. It had more than 25,000 active patients at the end of September and expects over $80 million in revenue this year.
“For generations of gay men, HIV shaped how we thought about intimacy, relationships, and our own futures,” Arison said in the announcement. “The challenge is connecting people to PrEP and helping them stay on it.”
“No one reaches the Freddie community like Grindr does,” said Dr. Husein Moloo, Freddie’s co-founder and CEO.
In a joint letter to shareholders, the two men wrote that “approximately 400,000 Grindr users in the US indicate on their profiles that they take PrEP.” They estimated more than 2 million others “should be on PrEP.”
Arison told Fast Company that “everybody that can be on this drug should be on this drug.” Morgan Stanley researchers noted that Freddie’s margins get a boost from referral fees tied to the federal 340B drug discount program, the magazine reported.
Investors weren’t sold right away. Shares fell nearly 8% on Oct. 1, Investing.com reported, though Citizens and Morgan Stanley kept bullish ratings.
Grindr Flags New Privacy Risks as It Builds Grindr Health
Grindr plans to merge Freddie with Woodwork, its in-house service for erectile dysfunction and weight-loss drugs, into a single Grindr Health experience. The company says “participation will be entirely voluntary.”
Its own announcement lists “new privacy risks arising from the integration of PurposeMed’s operations with Grindr” among the deal’s risks. Grindr already uses some profile data, including photos, to train its AI unless users opt out.
SAMY Becomes Grindr’s Influencer Marketing Agency of Record
Grindr also hired SAMY, a social media agency founded in Madrid and majority owned by private equity firm Bridgepoint, as its U.S. and global agency of record for influencer marketing, Net Influencer reported Oct. 23. SAMY will run Grindr’s social media in Latin America too, starting with Mexico and Brazil.
“Gay culture moves fast, and the most resonant content starts with a deep understanding of what our community is talking about, sharing, and shaping,” said Benjamin Cooper, Grindr’s U.S. director of consumer content.
SAMY’s Dee Nuncio said Grindr “has a unique and important legacy in gay and queer culture.” The agency already worked on Grindr’s Madonna pop-up in Times Square this year, which drew 3.2 million video views.
