Reporter, Finance, Regulation and People, Dating Industry Insights. Edited by Bill Alena.
Hayley Birkin reports on the business of online dating for Dating Industry Insights: earnings, funding rounds, deals and valuations, the laws and regulators that shape the sector, and the people who lead it.
619 stories. Latest: .
Meta's Facebook Dating has 21 million users, more than Hinge, and daily conversations among 18-29 year-olds rose 24 per cent.
Bumble is losing its CFO and CMO and has hired Neil Shah, ex-Slack and Twitter, as chief business officer, with Q3 2024 paying users up just 3%.
Dateability, a bootstrapped dating app for disabled singles, has reached 25,000 users with zero marketing spend and expanded to the UK.
Match Group shares fell 13% after a Q4 revenue forecast of $865M-$875M missed expectations, as Tinder's paying subscribers decline and Hinge grows.
Match Group shares dropped 13% after a Q4 revenue forecast below expectations, as Tinder's paying users fall and Hinge's growth cannot yet fill the gap.
Tinder will donate AUD$1 per profile verification in Australia to Wesnet, capped at AUD$20,000, from 12 November to 6 December.
Three Day Rule has been acquired by an unnamed private investment group, with Adam Cohen-Aslatei, who sold S'More to Tawkify in 2023, as CEO.
Facebook Dating grew 20% across North America in the past year, and Meta claims 24% in the U.S. and Canada, without disclosing user numbers.
Date Right, the conservative dating app, is moving to Android with 300,000 iOS downloads and 3.4 million TikTok followers, raising scale questions.
Match Group announced $150M in AI investment in November 2024 as matchmakers and coaches urge dating apps to adopt human services instead.
Bumble's Q3 2024 revenue was $273.6M, down 0.7% year-over-year, its first fall since going public, despite 4.3 million subscribers.
Bindr, an LGBTQ dating app, has raised $135,000 from two startup competitions, $75,000 from UpPrize and $60,000 from StartupFest.
RAW's 'Ghosting Killer' blocks new chats until users reply to existing ones, and the app says its ghosting rate is between 1% and 5%.
Tinder paying users fell 8% year-on-year, Match Group reported, while dating app HER grew its user base 15% in 2024 to 13 million members.
Dating app operators are set to spend $252M on ads in 2024, up 15%, as Bumble's $44M through July passes Tinder's $41M, per Pathmatics.
Dating app DOWN claims 15 million registered users and 400% revenue growth in 2024 with near-zero ad spend, mostly via word of mouth.
Greenlight, a dating app with no profiles or messaging, launches a Hoboken, New Jersey beta by end of November, using live venue check-ins on a map.
FROME, Lox Club and Summer, three LA dating startups, limit choice through conversation caps, events and applications, but none has disclosed revenue.
Match Group and Bumble are expanding friend-finding features, which the analysis calls churn mitigation as Tinder average subscribers fell 8%.
Bumble faces a securities fraud suit alleging it misled investors on Premium Plus and its redesign, covering 10 February to 6 August 2024.