Grindr Inc.

My name is Kathleen and I will be your conference operator today. At this time, I would like to welcome everyone to the Grinder second quarter 2025 earnings conference call. All lines have been placed on mute to prevent any background noise. After the speaker's remarks, there will be a question and answer session. If you would like to ask a question during this time, simply press star followed by the number one on your telephone keypad. And if you would like to withdraw your question, press the star one again. Thank you. And I would now like to turn the conference over to Tolu Adeofe, Grinder's Head of Investor Relations. Please go ahead.

Thank you, Moderator. Hello and welcome to the Grinder Earnings Call for the second quarter of 2025. Today's call will be led by Grinder's CEO, George Arison, and CFO, Vanna Krantz. They will make a few brief remarks and then we'll open it up for questions. Please note, Granger released its shareholder letter this afternoon, and this is available on the SEC's website and Granger's investor page at investors.granger.com. Before we begin, I will remind everyone that during this call, we may discuss our outlook, future performance, and future prospects. We should not rely on forward-looking statements as predictions of future events. These forward-looking statements are subject to risks and uncertainties, and our actual results could differ materially from the views expressed today. Some of the risks that could cause our actual results to differ from the views expressed in our forward-looking statements have been set forth in our earnings release and our periodic reports filed with the SEC, including our annual report on Form 10-K for the year ended December 31, 2024. During today's call, we will also present both GAAP and non-GAAP financial measures, Additional disclosures regarding non-GAAP measures, including a reconciliation of these non-GAAP financial measures to their most closely comparable GAAP financial measure, are included in the earnings release issued today, which has been posted on the Investors Relations page of Grindr's website and in Grindr's file links at the SEC. With that, I'll turn it over to George.

Thanks, Toto. And hi, everyone. Grindr delivered another strong quarter. The results that keep us firmly on track for the year. I've said that 2025 is about accelerating execution towards our long-term vision, including the launch of transformative products within the app which expand how our users engage. This quarter is another proof point that we can deliver on our roadmap while continuing to drive strong financial performance. For years, users have asked for maps within the Grindr app, but technical and privacy constraints made it hard to do well. This has changed, and we've launched beta versions of mobile mapping in both right now and Xplore. Engagement right now continues to be strong, and we've already begun to monetize the product faster than expected. We're excited to see adoption built as we enable users to move fluidly between the grid and the map views. Xplore remains one of our most valuable features, especially for power users and frequent travelers, with over 25% of our model using it monthly. We've now launched Xplore Heatmaps, city-level views showing the most active areas across 21 markets. With privacy in mind, events reflect historical, not live, activity to help users search smarter online and in real life. Longer term, MapStorm left a powerful surface for the neighborhood for products around events, local activity, and businesses. If you've been following our shareholder letters, you've seen us articulate a clear ambition to build one of the leading AI-native consumer companies when it creates triples shareholder value by using GenAI to deliver high-impact user experiences, differentiated value, and long-term revenue growth. To that end, we're building a full-step foundation called GAI, or GAI, comprised of three layers. A model layer using a combination of our custom models and leading third-party foundation models. An architectural layer where we are applying brand behavioral, conversational, and male imagery data to value, combine, and enhance those models. generating insights and capabilities tailored to a specific context and needs, and an application layer that synthesizes those capabilities into differentiated user experiences. The architecture layer is core to our durable advantage. It allows us to run a variety of models to produce custom data sets and structured insights, train AI to understand day life, cultural norms, and male imagery, establish a robust privacy framework, and build a world-class talent engine at the intersection of product, engineering, and AI. Our goal is to keep shipping features that wouldn't be possible without the stock, like A-List, while developing other products that match this level of ambition and value. For more detail, I'd encourage you to read the full Sheffield letter. We have also posted a short deck on our website to walk you through our approach to AI. I want to acknowledge Vienna for her amazing contributions as our CFO over the past three years. Vienna has initiated a transition She's gracious to continue on in her role as we identify a successor. Ben has been a key player on our team in setting us up to deliver the type of results you're seeing today. He has been a great partner to myself and the Grindr team. We're all committed to business as usual as we move forward and we will continue with strong and improving execution. As a team, we're moving fast, executing well, and making real progress in the future of Grindr. We'll continue to deliver strong results. Thank you all for your continued support. I'm excited about the momentum in the business and what H2 has to bring. I'm grateful to the team for their continued hard work. With that, I will turn it over to Leanna to update you on the financial results.