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.
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Global Dating Insights opens early bird tickets for its 17 September London conference: £249 for dating platforms, £999 for vendors, until 30 May.
Seven dating platforms including Match Group, Bumble and Grindr signed Australia's voluntary safety code, with first progress reports due 1 July.
Social Discovery Group commits $20 million to a venture fund for AI dating tools and VR social platforms, taking minority stakes in startups.
Bumble is closing dating apps Fruitz and Official on 31st May, saying it will focus on core businesses, as Q4 2024 revenue rose 9% year-on-year.
Feeld partnered with Kesha for a SXSW panel on non-traditional relationships, as dating apps turn to celebrity endorsements to differentiate.
Bindr's spin-out ColdStart, an AI marketing tool, has secured more than $1 million in contracts and now earns more than the dating app's 250,000-user platform.
Match Group and Bumble's push into events may move dating from software to hospitality economics, as Gen Z shifts to social apps.
Bumble shares fell 12% after-hours on weak Q1 guidance of $268M-$273M, despite Q4 revenue of $275.5M beating analyst expectations by 2%.
Onfido, Sardine and the National Crime Agency say dating apps need ID checks and deepfake detection, as UK romance fraud losses hit £92.3M in 2023.
Howdy, a Brisbane-based rural dating app, has reached 14,000 users in 18 months, with ID checks built in before Australia's April conduct code.
Hello Group's Q4 2024 net income fell 59% to $32.2M as revenue fell 12% to $471.2M, while Middle East revenue hit $138M, above Tantan's China revenue.
Grindr will run 'The Gaybourhood', a branded area with three themed stages, at London's Mighty Hoopla festival next month, as it expands into physical events.
Match Group CEO Spencer Rascoff told Bloomberg its apps had become 'a numbers game', while Tinder is not expected to return to growth until 2027.
A Pour Moi study found 62% of 3,000 people failed to spot AI-generated dating profiles, while 57% said they were confident they could identify fakes.
SugarDaddyMeet requires all users, new and existing, to pass an AI-powered liveness check or lose access, ahead of UK Online Safety Act enforcement.
Slide1828 says 48% of its surveyed users felt uncomfortable meeting a dating app match alone, but double-date apps remain small and unproven.
Match Group is adding generative AI for profiles and messages as Tinder subscribers fell 9% to 9.6 million in Q3 2024, says an analysis.
Tinder will add AI-curated matching alongside swiping, Match Group says, after five consecutive quarters of user decline at the app.
Grindr has added a OneTrust consent platform letting free users choose personalised or generic ads, with health data and messages excluded, it says.
Match Group named Spencer Rascoff CEO in place of Bernard Kim, and shares fell 3.2% in after-hours trading on the announcement.