Grindr Inc.

My name is Kate, and I will be your conference operator today. At this time, I would like to welcome you to the Grindr fourth quarter 2025 earnings 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, and if you have joined via the webinar, please use the raise hand icon, which can be found at the bottom of your webinar application. At this time, I would like to turn the call over to Tolu Edeofe, Director of Investor Relations.

Thank you, Moderator. Hello and welcome to the Grinder earnings call for the fourth quarter and full year 2025. Today's call will be led by Grinder's CEO, George Arison, and CFO, John North. They'll make a few brief remarks, and then we'll open it up for questions. Please note, Grinder released its shareholder letter this afternoon, and this is available on the SEC's website and Grinder's investor page at investors.grinder.com. Before we begin, I will remind everyone that during this call, you may discuss our outlook and future performance. These forward-looking statements may be preceded by words such as we expect, we believe, we anticipate, or similar such statements. These statements are subject to risks and uncertainties, and our actual results could differ materially from the views expressed today. Some of these risks have been set forth in our earnings release and our periodic reports filed with the SEC. 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 GAAP to non-GAAP measures, are included in the earnings release we issued today, which has been posted on the Investor Relations page of Grindr's website and in Grindr's filings with the SEC. With that, I'll turn it over to George.

Good afternoon, everyone, and thank you for joining us today. 2025 was an exceptional year for Grindr. Revenue grew 28% year over year to $440 million, and we delivered roughly $196 million of adjusted EBITDA, meaning we achieved more EBITDA than our revenue just three years ago. We accomplished that while materially improving the product and platform, and while rapidly terraforming Grindr into an AI-native organization. With such a fantastic year, I'd point to three highlights. First, the core business stayed strong. We expanded the product in ways that deepen engagement and clarified intent, including the global expansion of RightNow and launches like For You, Chat Summaries, and A-List. We strengthened Extra and Unlimited and expanded monetization through ads formats like rewarded video. Second, we made real progress on AI, not as a feature, but as an operating advantage. In Q4, AI agents rolled between 60% and 70% of our new code, and our engineers are reporting roughly a 1.5x productivity improvement per person. We're now able to shoot faster with higher quality without the company getting heavier and slower. Third, we took steps to drive revenue growth in a way that matches what we've built. Over the last several years, we've added a lot of new value to Extra and Unlimited, significantly expanding what users get from both tiers. To make sure we're capturing the right economics in return, the novice will begin rolling out new pricing for extra and unlimited. Results have been encouraging, and we will continue to roll out these changes globally through the first half of 2026. Looking ahead, our framing for 2026 is to raise the baseline. Our best execution periods during 2025 with high output, high urgency, high quality will become our default operating mode. And from that baseline, we intend to push even higher. Therefore, this year we are concentrating on four priorities First, premium AI experiences encompass an edge. This AI-native premium tier is built for power users who want the most capable version of Grindr that today's technology enables us to build. We'll continue refining the experience and testing price points through the year. Second, durable core growth. That means improving onboarding, translation, and localization. Dropping personalization and intent clarity through AI. And beginning to strengthen the user experience in lower density and international markets. Third, operational rigor through Grindr mode. Clearer ownership, higher productivity, faster decision-making, greater leverage for our management layer, and AI embedded into everyday workflows across functions. Fourth, deliberate investment for durability and upside. We are leaning into reinvestment in our team, our platform foundations, and ecosystem health. That same posture applies beyond subscriptions. We will continue building Grindr health, anchored by woodwork. And we will keep strengthening our ads platform with increased focus on direct advertising and brand partnerships. Up to this point, these remarks were read by AI, using a proprietary voice model trained on my voice by one of our Gablehood expansion teams. We did that deliberately as a small demonstration of how deeply AI is becoming embedded in both our product and our operations. Our continued focus as a management team is to execute against a strategy that creates significant long-term shareholder value by building exceptional experiences for our users while driving sustained growth in revenue and profitability. At both the management and the board level, we are committed to demonstrating this through our actions and to continue doing all we can to earn our investors long-term trust and support. Thank you to the Grinder team for delivering through another ambitious year and to our users for their continued willingness to come to Grinder for their capability. With that, I'll turn it over to John to review the financials and guidance.