Across the world people have seen their lives interrupted by the COVID-19 pandemic. Lesbian, gay, bisexual, trans, and queer individuals and people belonging to other sexual and gender minorities (LGBTQ+) may be in a situation of particular vulnerability with regard to their emotional well-being and mental health during the current health crisis. The present report presents data obtained in an ongoing investigation at the Faculty of Psychology and Educational Sciences at the University of Porto, as part of the Project Global Queerantine, a joint endeavor of a team of researchers from seven countries (Portugal, UK, Italy, Brazil, Chile, Sweden, and Mexico) exploring the psychosocial effects of the COVID-19 pandemic among LGBTQ+ individuals. The first phase of the study took place between April 17th and May 4th, 2020 (coincident with the 1st general confinement). This report presents a brief overview of the situation of LGBT+ people at two later moments: around 7 months (November/December 2020) and 12 months (March 2021) after the first data collection (April-May 2020) and it aims to assess the impact of the COVID-19 pandemic on the LGBT+ population. In summary, the pandemic seems to have had a significant impact both on an individual level and on the social support networks of LGBT+ people. There was also a noticeable worsening of the feeling of social isolation from LGBT+ friends and discomfort within the family in March 2021 compared to November/December 2020. With regard to the assessment of less negative aspects of the pandemic, the vast majority of people surveyed considered the greater availability of online services to be positive and almost half considered the increase in online friendships and the feeling of greater unity and sharing equally positive. The significant availability of online services and the increase in friendships through this route may have mitigated some of the adverse effects of the pandemic.