Grindr Rejects $18/Share Takeover Bid and Raises 2026 Financial Guidance

In a move reflecting strong confidence in its future growth trajectory, Grindr's board of directors rejected a takeover bid valued at $18 per share, asserting that the offer undervalues the company's potential. Consequently, management raised its 2026 financial guidance, now targeting revenue of at least $535 million and EBITDA of $227 million. The company continues to deliver robust revenue growth exceeding 30% year-over-year, positioning it as a top performer among its industry peers.

Grindr's strong performance comes at a time when competitors are struggling to maintain growth momentum; for instance, Match Group (MTCH) reported only 9% revenue growth in its latest quarter, while Bumble (BMBL) has seen a significant slowdown in user acquisition according to search data. In contrast, Grindr’s sustained 30% growth rate strengthens its defensive position against hostile bids, especially as its current valuation reflects investor optimism regarding its premium subscription expansion per market data.

Traders should monitor GRND price levels following the rejection of the $18 offer. Looking at the economic calendar, while there are no direct sector catalysts, the speech by Fed Governor Waller on May 19, 2026, will be critical as it may influence broader market sentiment toward high-growth tech stocks. The $18 level is expected to serve as a key psychological and technical pivot point for the stock in the near term.