THE MOTLEY FOOL - Dec 19 - Match Group CEO, Gregg Blatt, described Tinder as a "rocket." Tinder is now the top grossing "lifestyle" app in 99 countries with~1.5M paid members. Match has made it clear that they are relying on Tinder. Tinder's home US market still has plenty of room to expand. At the time of Match.com's IPO it was stated that Tinder had 50M users. Currently only 3% of these users are paid members, but with paid member count growth rates of 26% in Q3 for the domestic market and 46% internationally, there is plenty of opportunity to monetize the user base. International expansion is high on the agenda for Tinder with the online dating market in Europe and China alone expected to be worth a combined $2.4B by 2021.
by Sarah Priestley
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