Schnapp was referencing his Stranger Things character Will Byers, whom he confirmed was also also gay and in love with his best friend Mike, played by Wolfhard.
“Stranger Things” star Finn Wolfhard is not gay. The rumors about him being gay only started as a result of his character portrayal in a movie which shouldn’t be a yardstick for judging one’s sexuality.
Finn Wolfhard has not publicly identified as gay or bisexual, and rumors about his sexuality are unsubstantiated. Finn was rumored to be dating Elsie Richter since early , but neither has confirmed the relationship officially.
The short answer is: Finn Wolfhard has not publicly identified as gay, nor has he commented directly on his sexuality. As of now, there is no confirmed information from Finn himself regarding his sexual orientation.