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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Dating apps Better In Person, Lovector and Find Our Way launched between 15 and 17 July with near-identical AI pitches, and none explains its AI.
Six new dating apps, including YouMatch and Loverse, have launched while Match Group's market cap fell from $46B in 2021 to roughly $8B.
Bindr, a dating app for bisexual and LGBTQ+ users, won $60,000 at Startupfest's queer entrepreneur pitch competition in Montreal.
Only 30% of 3,000 employed Americans feel safe on dating apps, per Checkr research, but 68% prefer meeting organically, a bigger risk for operators.
Match Group's Chispa is touring five states with Sorry Papi to reach Gen Z Latino students, offering Puerto Rico and Baja California trip giveaways.
Global Dating Insights London, on 25 September, has confirmed Salt, TAIMI, Chapter 2 and Mattr as its first four speakers, all challenger brands.
Tinder has launched a six-month consent campaign in the Netherlands with Rutgers, running through July 2025 ahead of the Sexual Offences Act.
Grindr raised full-year revenue growth guidance to between 23% and 25% at its investor day, where it pitched an AI-powered 'Global Gayborhood'.
Hearts, the $0.99-per-match dating app, is seeking its first CEO on equity-only pay, with a part-time option, after launching in November 2023.
happn has promoted Claire Rénier to Head of Communication to build its brand around sports and 'societal conversations' through 2024.
So Syncd, a Myers-Briggs dating app, closed in May after four years and its founders are pivoting to relationship education.
Bumble has promoted Elizabeth Monteleone to Chief Legal Officer, with its share price 80% below its IPO peak and policy advocacy central to her role.
Apple's iOS 18 lets users hide apps behind Face ID with no notifications or icons, threatening push-driven engagement at dating apps.
The McPartland Review proposes that tech firms, including dating platforms, disclose third-party suppliers that handle sensitive user data.
Google projects the online dating market will reach €8.6bn by 2027, substantially above Statista's $3.97bn for 2028, it told HubPeople affiliates.
Match Group has named Jay Shetty Chief Relationship Advisor to develop values-based matching features as revenue growth slows to single digits.
Tinder is hosting free 5K running events in London in June and July with Runna. Its average revenue per user declined 1% year-on-year in Q1 2024.
Match Group's Chispa will donate $1 per Pride sticker displayed to the Human Rights Campaign, capped at $10,000, with artist Julio Salgado.
Tinder has published a 16-page safety guide for women and 'dissidents' in Mexico but has announced no enhanced verification or safety staffing.