Shareholder Letter  First Quarter 2023  May 15, 2023 

 I am proud to share with you our Q1 financial results, which reflect a strong performance and put us on track to meet our goals for the year, indicated by continued improvement in key financial metrics and proven value to the community we serve.  The team grew revenue 28% year-over-year to $55.8 million, reflecting higher paying user penetration and average revenue per paying user (ARPPU) through adoption of new products and a la carte offerings. Our adjusted EBITDA margin remains healthy at 39%. Both revenue growth and adjusted EBITDA margin are slightly above our FY23 guidance, which we reaffirm.  Grindr grew average paying users to 866 thousand in Q1 – a 20% year-over- year increase – and up quarter-over- quarter from 848 thousand in Q4 2022. Paid penetration rates increased from the prior year, while at the same time, there was a 9% increase in average monthly active user (MAU) growth to  12.8 million.  Grindr’s immediate goal is to turn our strong user engagement into increased monetization and to grow payers. To do this,  we are focused on enhancing our overall user experience while also building new, paid a la carte features offered to everyone and specific features and functionality available exclusively to paid subscribers, such as our Grindr Web beta, a way for our users to access Grindr from the web, which just launched globally last week. We will continue to optimize pricing and packaging of our subscription offerings to meet our users’ demands at competitive and  Dear Shareholders,  Q1 2023  55.8mm revenue  +28% YoY growth  866,000 avg. paying users  +20% YoY growth  $12.8mm avg. MAU  9% YoY growth  Q1 2023 Letter To Shareholders  2 

 attractive price points. Further out, we will explore a variety of use cases outside casual dating that we know are already taking place organically in the Grindr app, but for which we have not built specific product offerings to date.  We’re also focused on ensuring that Grindr has a fantastic group of people to help us execute on this strategy over the long term. Over the last several months, we have been successful in hiring exceptional business leaders with deep, relevant experience in product management, monetization, and finance. Each of these additions will allow us to more effectively execute on our strategy, and I am proud to call them my colleagues.  One other of the many things I am incredibly proud of is how Grindr has been able to show up and stand up for the LGBTQ community, both in the U.S. and abroad, proving the power of our platform to improve the lives of our users. Among many other things, this past quarter Grindr served as a primary marketing partner for a free at-home HIV test kit program called Take Me Home, which we launched in partnership with Emory University and Building Healthy Online Communities, and with support from the U.S. Centers for Disease Control and Prevention.  As we have said, as Grindr grows, we will continue to advocate for the rights and freedoms of our users and the LGBTQ community around the world, as not only does it make good business sense – it’s simply the right thing to do.  Below, please find updates on our business and financial performance. Thank you,  George Arison, CEO  Q1 2023 Letter To Shareholders  2 

 Q1  Accomplishments + Strategic Progress  We have previously highlighted four strategic priorities for 2023 and continued to make progress on each of them:  Improve the User Experience  In Q1, we introduced an important and popular feature to support users’ desire to share, by expanding Albums functionality to allow for video uploads in addition to photos. Growth of video in Albums has been significant, with over 1.1 million videos uploaded since we launched this functionality as a beta in February.  Additionally, over the last year, a small team has been working on an innovative new product we call Grindr Web, which we launched in beta in Q1 and rolled out globally last week for our Xtra and Unlimited subscribers. While the feature set on Grindr Web is still limited, it will form a foundation for creating unique, web specific features in 2024 and beyond. We look forward to telling you more about Grindr Web in coming quarters.  Driving Monetization Through Conversions + New Offerings  Efforts to convert our free users to paying customers are in full swing. We are focused on identifying ways to most effectively monetize, with different value models matching price points with varying levels of access to our compelling feature sets, and testing weekly, monthly and multi-month subscriptions. We are excited to tell you in the coming quarters more about several plans we are currently incubating.  While we continue to introduce new features and test new subscription tiers and paid offerings, we’re mindful that our free product offers extensive functionality and we are evaluating the right dividing line between what is free and what is for pay. Finding and maintaining this balance will also help us improve paid user churn.  Q1 2023 Letter To Shareholders  2 

 Planning for Future Growth  User insights are driving the foundation we are building in 2023, and will inform our decisions as we plan for future growth. One area of such investment is our expansion of a la carte offerings.  While a la carte features are very popular on other dating applications, Grindr only offered our first a la carte product, Boost (which gives users enhanced presence on Grindr’s cascade of profiles) in June 2022. Boost – which has seen particular success with both our free users and subscribers – has served as a strong proof point that a la carte features work well within the Grindr app, as our user feedback indicates that demand for other similar features is strong. To this end, we are building several new a la carte offerings to offer a more fulfilling experience to our users and drive adoption of a la carte features across our user base. We expect that these new offerings will be a key part of our monetization journey into 2024 and beyond.  Serving the LGBTQ Community  In Q1, we continued to demonstrate our commitment to the LGBTQ community and the power of our platform:  In partnership with Emory University, Building Healthy Online Communities, and supported by the U.S. Centers for Disease Control and Prevention, Grindr acted as a primary marketing partner for a free at-home HIV test kit program for all people in the US and federal territories, a crucial step in the fight to end the HIV epidemic. In early testing, over 30% of users who requested at-home HIV test kits reported to have never had an HIV test, which is a remarkable result and speaks to Grindr’s ability to advance public health goals in communities that are very difficult to reach. 54,000 at-home HIV tests were requested through this program in its first four weeks, and that number has continued to grow every day with the prominently placed order buttons we’ve coded into the Grindr App.  Abroad, when our users faced elevated levels of police  persecution in Egypt, we deployed our safety protocols to provide information on how to stay safe. As ever, we combine our response to the acute situations in places like Egypt and  Uganda with ongoing advocacy with U.S. and international stakeholders for the protection and advancement of LGBTQ people overall.  Q1 2023 Letter To Shareholders  2 

 We had a successful quarter financially, with strong results. Our user base continued to grow as Average Paying Users were up 20% year-over-year. Average MAU for the quarter reached 12.8 million, representing a growth of 9% and ARPPU was up $1.76 year-over- year. While ARPPU for the quarter is up on both a year-over-year and quarter-over-quarter basis, we expect this metric to fluctuate in the near-term as we continue to test different subscription options across different price points and durations.  Q1  Financial +  Operating Performance  $55.8mm revenue  +28% YoY growth  ($32.9mm) net income  $22mm EBITDA  8% YoY growth  12.8mm avg. MAU  +9% YoY growth  Q1 2023 Highlights  Q1 2023 Letter To Shareholders  2 

 Revenue  Overall, Q1 revenue of $55.8 million was up 28% year-over-year from $43.5 million in the same period from the prior year. Direct Revenue increased $11.7 million to $48.1 million, up 32% year over year, as a result of an increase in ARPPU and paying users, primarily led by subscription revenue growth as well as growth from premium a la carte purchases. Advertising, or Indirect Revenue, was up 8% year-over-year to $7.7 million, primarily driven by growth in advertising revenue due to an increase in our number of advertising partners.  Gross Profit (Revenue less Cost of Revenues)  Gross profit, defined as revenue less cost of revenue, for Q1 grew to $41.0 million, up 29% from $31.8 million in the same period from the prior year. The year-over-year increase in gross profit was due to revenue growth, partially offset by an increase in cost of revenue, which was driven by growth in distribution fees and infrastructure costs.  Operating Expenses  Operating expenses, excluding cost of revenue, increased by $9.4 million in Q1 2023 as Grindr operates as a public company with the commensurate people costs and infrastructure costs. The increase also reflects higher stock-based compensation expense, professional fees in connection with public company infrastructure, audit/tax service services, legal fees, higher branding and marketing costs and other general and administrative expenses, including D&O insurance. Product Development Expenses for the first quarter of 2023 were $5.5 million, representing a $1.9 million or 53% increase from the prior year, primarily driven by increased people costs for employees in our Engineering and Product departments.  Operating Income  As a result, Operating Income for Q1 was $8.6 million at a 15% margin, down from $8.8 million in the same period from the prior year.  Net Income (Loss)  Net Loss for Q1 was ($32.9) million, down from net income of $4.5 million in the same period from the prior year. The swing to a net loss primarily reflects the following three factors: a gain on fair value measurement of our outstanding warrants based on the change in stock price from $4.65 at December 31, 2022 to $6.22 on March 31, 2023, an income tax provision of  $15.5 million, and net interest expense of $10.8 million. The tax provision is high in Q1 due to timing differences, and we expect it to be largely offset on a full-year basis due to anticipated tax benefits in the remaining quarters of 2023.  Adjusted EBITDA  Adjusted EBITDA for Q1 was $22.0 million, or 39% of total quarterly Revenue, up from $20.3 million in the same period from the prior year. The increase in Adjusted EBITDA from the prior year period was primarily driven by revenue growth, partially offset by higher operating expenses on a normalized basis.  Q1 2023 Letter To Shareholders  2 

 Performance Metrics  Q1 2023  Average Paying Users  866k  Average Paying User Penetration  6.7%  Average MAU  12.8m  ARPPU  $18.52  All figures given in thousands, except paying user penetration and ARPPU.  Conference Call  Grindr will host a conference call to discuss these results at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time), Monday, May 15, 2023. To access the conference call, participants should dial  +1 (888) 575-5167 and enter the conference ID number 99203756. The live audio webcast along with the press release will be accessible at https://investors.grindr.com/. A recording of  the webcast will also be available on our website following the conference call.  Guidance 2023 Full Year  Q1 2023 Letter To Shareholders  2  25%+  revenue growth  38%+  adjusted EBITDA margin 

 December 31,  2022  Assets  Current Assets  Cash and cash equivalents ................................................................................................. $  33,837  $ 8,725  Accounts receivable, net ....................................................................................................  28,548  22,435  Prepaid expenses................................................................................................................  7,995  7,622  Deferred charges ................................................................................................................  3,448  3,652  Other current assets............................................................................................................  544  750  Total current assets ...............................................................................................................  74,372  43,184  Restricted cash ...................................................................................................................  1,392  1,392  Property and equipment, net ..............................................................................................  1,858  2,021  Capitalized software development costs, net .....................................................................  8,448  7,385  Intangible assets, net ..........................................................................................................  97,239  104,544  Goodwill ............................................................................................................................  275,703  275,703  Right of use assets..............................................................................................................  4,255  4,535  Other assets ........................................................................................................................  93  64  Total assets .......................................................................................................................... $  463,360  $ 438,828  Liabilities and Stockholders’ Equity  Current liabilities  Accounts payable ............................................................................................................... $  6,029  $ 5,435  Accrued expenses and other current liabilities ..................................................................  37,635  15,681  Current maturities of long-term debt, net ..........................................................................  23,053  22,152  Deferred revenue................................................................................................................  17,832  18,586  Total current liabilities .........................................................................................................  84,549  61,854  Long-term debt, net............................................................................................................  337,024  338,476  Warrant liability .................................................................................................................  33,250  17,933  Lease liability.....................................................................................................................  3,327  3,658  Deferred tax liability ..........................................................................................................  10,254  12,528  Other non-current liabilities...............................................................................................  596  327  Total liabilities.....................................................................................................................  469,000  434,776  Commitments and Contingencies (Note 14)  Stockholders’ Equity  Preferred stock, par value $0.0001; 100,000,000 shares authorized; none issued and outstanding at March 31, 2023 and December 31, 2022, respectively ..........................  —  —  Common stock, par value $0.0001; 1,000,000,000 shares authorized; 173,820,837 and 173,524,360 shares issued; 173,842,712 and 173,524,360 shares outstanding at  March 31, 2023 and December 31, 2022, respectively ..................................................  17  17  Additional paid-in capital ..................................................................................................  32,285  9,078  Accumulated deficit ...........................................................................................................  (37,942)  (5,043)  Total stockholders’ equity ..................................................................................................  (5,640)  4,052  Total liabilities and stockholders’ equity.......................................................................... $ 463,360  $ 438,828  See accompanying notes to unaudited condensed consolidated financial statements.  Q1 2023 Letter To Shareholders  9  Condensed Consolidated Balance Sheets (unaudited)  (in thousands, except share data)  March 31,  2023 

 10  Q1 2023 Letter To Shareholders  2  Three Months Ended March 31,  .  .  .  .  .  .  .  2023  2022  Revenue ................................................................................................................................ $  55,809  $ 43,530  Operating costs and expenses  Cost of revenue (exclusive of depreciation and amortization shown separately below) .......  14,815  11,701  Selling, general and administrative expense ..........................................................................  18,945  10,378  Product development expense ................................................................................................  5,506  3,647  Depreciation and amortization ...............................................................................................  7,952  9,026  Total operating costs and expenses ....................................................................................  47,218  34,752  Income from operations ......................................................................................................  8,591  8,778  Other expense  Interest expense, net ...............................................................................................................  (10,793)  (2,956)  Other income (expense), net...................................................................................................  123  (68)  Change in fair value of warrant liability ................................................................................  (15,317)  —  Total other expense..............................................................................................................  (25,987)  (3,024)  Net (loss) income before income tax ..................................................................................  (17,396)  5,754  Income tax provision ...........................................................................................................  15,503  1,253  Net (loss) income and comprehensive (loss) income......................................................... $  (32,899)  $ 4,501  Net (loss) income per share:  Basic..................................................................................................................................... $  (0.19)  $ 0.03  Diluted ................................................................................................................................. $  (0.19)  $ 0.03  Weighted-average shares outstanding:  Basic..................................................................................................................................... 173,599,925  155,566,232  Diluted ................................................................................................................................. 173,599,925  156,256,720  See accompanying notes to unaudited condensed consolidated financial statements.  Consolidated Statements of Operations and Comprehensive (Loss) Income (unaudited)  (in thousands, except per share data) 

 11  Q1 2023 Letter To Shareholders  Preferred Stock (Par value $0.0001)  Common Stock (Par value $0.0001)  Series Y Preferred Units (Par value $0.00001)  Series X Ordinary Units (Par value $0.00001)  Additional paid-in capital  Accumulated deficit  Total stockholders’ equity  Shares  Amount  Shares  Amount  Shares  Amount  Shares  Amount  .  —  $  —  —  $  —  —  $  —  110,867,483  $  1  $  269,131  $  (5,895)  $  263,237  .  —  —  155,541,074  16  —  —  (110,867,483)  (1)  (15)  —  —  .  .  —  —  —  —  155,541,074  —  16  —  —  —  —  —  —  —  —  —  269,116  —  (5,895)  4,501  263,237  4,501  .  —  —  —  —  —  —  —  —  (741)  —  (741)  .  Balance at December 31, 2021,  as previously reported ..............  Retroactive application of recapitalization............................  Balance at December 31, 2021, after effect of reverse recapitalization..........................  Net income ......................................  Interest on the promissory note to  a member.....................................  Related party unit-based compensation ..............................  Stock-based compensation .............  .  —  —  .  .  $  —  —  —  —  —  — 37,086  155,578,160  $  —  —  — 16  —  —  —  —  $  —  —  —  —  —  —  —  —  $  —  —  —  —  $  349  414  119  269,257  $  —  —  — (1,394) $  349  414  119  267,879  Balance at March 31, 2022............  Exercise of stock options.................  —  —  Preferred Stock (Par value $0.00010)  Common Stock (Par value $0.0001)  Accumulated deficit  Total stockholders’ equity  Shares  Amount  Amount  .  $  $  $  $  $  .  .  .  .  .  .  .  Balance at December 31, 2022............................................................................  Net loss..................................................................................................................  Interest on the promissory note to a member ........................................................  Repayment of promissory note to a member ........................................................  Payment of interest on promissory note to a member........................................... Stock-based compensation ...................................................................................  Vested restricted stock units ..................................................................................  Exercise of stock options.......................................................................................  Balance at March 31, 2023..................................................................................  .  —  —  —  —  —  —  —  —  —  $  —  —  —  —  —  —  —  —  —  Shares  173,524,360  —  —  —  —  — 21,875  296,477  173,842,712  $  17  —  —  —  —  —  —  — 17  $  Additional paid-in capital  9,078  — (282)  18,833  520  3,126  — 1,010  32,285  $  (5,043)  (32,899)  —  —  —  —  —  — (37,942)  $  4,052  (32,899)  (282)  18,833  520  3,126  — 1,010  (5,640)  See accompanying notes to unaudited condensed consolidated financial statements.  Condensed Consolidated Statements of Stockholders’ Equity (unaudited)  (in thousands, except per share amounts and share data) 

 2023  2022  Operating activities  Net (loss) income .................................................................................................................. $  (32,899)  $ 4,501  Adjustments to reconcile net (loss) income to net cash provided by operating activities: ..  Share-based compensation ....................................................................................................  3,341  734  Fair value change in warrant liability....................................................................................  15,317  —  Amortization of debt issuance costs......................................................................................  512  228  Interest income on promissory note from member ...............................................................  (282)  (741)  Depreciation and amortization ..............................................................................................  7,952  9,026  Provision for doubtful accounts ............................................................................................  206  49  Deferred income taxes...........................................................................................................  (2,274)  (1,285)  Non-cash lease expense.........................................................................................................  280  253  Changes in operating assets and liabilities:...........................................................................  Accounts receivable .......................................................................................................  (6,319)  754  Prepaid expenses and deferred charges..........................................................................  (169)  (1,142)  Other current assets ........................................................................................................  206  954  Other assets ....................................................................................................................  (29)  20  Accounts payable ...........................................................................................................  1,790  388  Accrued expenses and other current liabilities ..............................................................  21,954  1,645  Deferred revenue............................................................................................................  (754)  (456)  Lease liability .................................................................................................................  (331)  (1,055)  Other liabilities............................................................................................................... —  89  Net cash provided by operating activities ......................................................................... $ 8,501  $ 13,962  Investing activities  Purchase of property and equipment.............................................................................. $ (32)  $ (103)  Additions to capitalized software................................................................................... (1,461)  (1,012)  Net cash used in investing activities................................................................................... $ (1,493)  $ (1,115)  Financing activities  Transaction costs paid in connection with the Business Combination .......................... $ (1,196)  $ —  Proceeds from the repayment of promissory note to a member including interest........ 19,353  —  Proceeds from exercise of stock options........................................................................ 1,010  119  Principal payment on debt.............................................................................................. (1,063)  (960)  Net cash provided by (used in) financing activities .......................................................... $ 18,104  $ (841)  Net increase in cash, cash equivalents and restricted cash..............................................  25,112  12,006  Cash, cash equivalents and restricted cash, beginning of the period .............................  10,117  17,170  Cash, cash equivalents and restricted cash, end of the period ........................................ $  35,229  $ 29,176  Reconciliation of cash, cash equivalents and restricted cash  Cash and cash equivalents.............................................................................................. $  33,837  $ 27,784  Restricted cash ...............................................................................................................  1,392  1,392  Cash, cash equivalents and restricted cash..................................................................... $  35,229  $ 29,176  Supplemental disclosure of cash flow information:  Cash interest paid ........................................................................................................... $ 5,172 $ 3,329  Income taxes paid........................................................................................................... $ 725 $ 63  See accompanying notes to unaudited condensed consolidated financial statements.  Q1 2023 Letter To Shareholders  12  Consolidated Statements of Cash Flows (unaudited)  (in thousands)  Three Months Ended March 31,