HINDUSTAN TIMES - Sep 23 - Passions feature can be added to users profiles. They are allowed to pick a maximum of five Passions and a minimum of three Passions, such as working out, travel, Netflix etc. When they match with a person on Tinder, they will be able to see which Passions are in common.
945 posts categorized "Tinder"
Tinder Introduces Passions
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Quarantine Became the World's Largest Icebreaker on Tinder
TINDER PRESS ROOM - Sep 8 - When we're all going through the same thing, conversations flow a lot easier. Globally, April 5th was the peak of chattiness: on that day Tinder members sent ~52% more messages vs. the start of lockdowns in early March. Masks became the talk of Tinder.
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Tinder's "Swipe Night" to Launch Globally This Month
TECH CRUNCH - Sep 3 - "Swipe Night" interactive video series will be available in Asia and other international markets starting on September 12, giving users another way to connect as they continue to stay at home because of the COVID-19 pandemic. Swipe Night first launched in October in the U.S. It presents viewers with a "choose-your-own-adventure" narrative, but each of its episodes is only seven-minutes-long and users' choices are added to their profile, giving them another way to figure out if someone is a good match.
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Pakistan Bans 5 Dating Apps for 'Immoral' Content
TELEGRAPH INDIA - Sep 2 - Pakistan's telecom watchdog blocked Tinder, Tagged, Skout, Grindr and SayHi after they failed to take down the improper material. The apps were asked to remove "dating services" and moderate live streaming content "in accordance with the local laws of Pakistan" but they ignored the warning.
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Top Grossing Dating Apps Worldwide for July 2020
SENSORTOWER - Aug 24 - The top grossing dating app worldwide for July 2020 was Tinder with ~$68.5M in user spending. 40% of Tinder's revenue was from the United States, followed by 6% from Japan and 5% from Great Britain. Bumble was #2 with ~$16.8M in gross revenue. #3 was Pairs, followed by MeetMe and Badoo.
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Dating App Stocks You Might Fall in Love With
CAPITAL WATCH - Aug 18 - High demand for dating apps is likely to continue even after the pademic. In the Q2, Tinder gained ~200K users, bringing its average subscribers to 6.2M. Also, direct revenue for Tinder jumped by 15%. In total, Match's revenue soared 12% YOY to $555.5M. Match is now projecting to generate Q3 revenues of ~$600M. Thanks to the strong earnings, the stock is now trading at an all-time high since it debuted on Nasdaq in November 2015. Another stock to watch is MEET (The Meet Group). In the Q2, Meet's revenues skyrocketed 74% YOY to $90.33M. Net income rose by nearly five-fold to $10.38M. On the international online dating stage, one company likely to continue seeing demand is Spark Networks SE. Based on preliminary financial results, Spark generated $114M in revenue, beating its previous expectations of $110 - $112M. Newly listed Chinese BlueCity might be worth some love. Its stock skyrocketed as high as 124% in its trading debut from its IPO pricing of $16 per share. The company's app Blued is the largest LGBTQ community in China, India, Korea, Thailand, and Vietnam.
by Anthony Russo
See full article at Capital Watch
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Tinder Slammed Over Mysterious Premium Pricing
MASHABLE - Aug 11 - Tinder has recently settled an age discrimination lawsuit in California, which saw users over 29 paying double what younger people were for the subscription. Now the Australian consumer organisation Choice has filed an official complaint with the national consumer commission, the ACCC, after conducting a mystery-shopper survey that found prices for a one-month subscription to Tinder Plus ranged from AUD$6.99 to AUD$34, with no transparency upfront about the variation. The highest price( $34) was for a straight man over 50 in a metro area; the lowest was $6.99 for a queer woman under 30, also in the city. "Based on our mystery shop, we know that Tinder is using age to set different prices. But even within age groups, we saw a range of prices, demonstrating that there are other factors at play that Tinder is yet to explain," said Choice director of campaigns Erin Turner in a statement.
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Dating Apps Gaining Ground in Socially Conservative Pakistan
SEEKING ALPHA - Aug 11 - Dating apps like Tinder look to gain some ground amid changing attitudes around casual dating in socially conservative regions like Pakistan. Dating for women is still frowned upon in the heavily patriarchal society, but attitudes are changing in the cities, where single women are increasingly using the apps to connect with partners. Most Tinder users in the country are 18-40 and come from major cities including Islamabad, Lahore and Karachi. Bumble is also gaining ground, as is Muzmatch.
by Jason Aycock
See full article at Seeking Alpha
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Match Confirms Plans for Tinder Platinum
TECH CRUNCH - Aug 5 - Tinder is testing a new top-level subscription plan, Tinder Platinum, which it expects to roll out in Q4. Match described the subscription as providing additional value beyond Tinder's current paid plan, Tinder Gold, but noted the feature was still in the very early stages of testing and was essentially still considered a minimum viable product. According to a U.K.-based Tinder user, the offer for Platinum popped up when they were using Tinder on the web. But they weren't able to make a purchase. The image showed price points as £5.97 per month if on an annual plan, £8.35 per month if on a six-month plan or £14.32 per month if paying monthly.
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Match Group Reports Q2 Results - Revenue up 12%
Mark Brooks: This is very encouraging for the dating industry overall. Match is getting product right, at scale, across a diversity of brands, although I think they could tease out more of their market gaps with niche approaches. One important contributor to revenue is video. In their earnings call they pointed out POF Live and the video dating based game "NextDate" as being particularly successful right now. "...it's fun and it does communities, and it's an experience people seem to like." fyi, POF Live and NextDate are powered by The Meet Group. (FULL DISCLOSURE: POF are a prior long term client, and The Meet Group are a current client of Courtland Brooks)
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Tinder's New CEO Catch Drives Match Group to Peak Price
INVESTING - July 29 - Shares of Match Group jumped Tuesday after the announcement that Jim Lanzone was named the CEO. The stock is up ~8% to a record high. Tinder's direct revenue grew 31% YOY, driven by 28% average subscriber growth and 2% growth in average revenue per user in the Q1. Tinder averaged 6M subscribers in the first quarter.
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Top Grossing Dating Apps Worldwide for June 2020
SENSORTOWER - July 30 - The top grossing dating app worldwide for June 2020 was Tinder with $64.8M in user spending. ~41% of Tinder's revenue was from the US, followed by 6% from the UK and 6% from Germany. Bumble was the second highest earning dating app worldwide with more $16.5M in gross revenue. ~76% of Bumble's revenue was from the U.S., followed by 7% from the UK. The next top grossing app was Pairs, followed by MeetMe and Tantan.
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81% of Daters Would Go on Offline Date, But Video Is Here to Stay
THE MEET GROUP - July 29 - At the start of the pandemic, video was a replacement for real-life interaction. Now, it is a filter to screen potential dates before meeting in person. This shift toward video will extend beyond the pandemic. Tinder has replaced its CEO with a media executive who led CBS's push into streaming video. The Meet Group has been building a livestreaming dating platform for over three years, and today, they are the largest provider of livestreaming dating games in the world. Meet Group's users play 185K dating games a day, up 95% since the declaration of a pandemic in March. The total time spent in video dating increased by 39% to 1.4M hours a day, with each person spending on average ~20 minutes a day. NextDate, the Meet Group's video dating feature, is like speed-dating but with an audience. People queue up to "date" a streamer who has two minutes to choose Next or Date while the audience can comment and rate the contestant. BlindDate adds a twist: it blurs the video image of the contestant, forcing the first impression to be based on personality rather than looks. According to July SurveyGizmo survey of 1500 US residents interested in dating, 81% of daters would be willing to go on an in-person date tomorrow if they met someone interesting on a dating app today. 25% said they had dated in person in the last 30 days.
by Geoff Cook
See full article at Medium
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How the Pandemic Has Changed Dating
TODAY - July 28 - Tinder recorded its highest single day of swiping this year, while Bumble hit a milestone of 100M users. Some apps, like Hinge, are integrating new features, like in-app video chatting, to help people connect online. Dr. Helen Fisher, a biological anthropologist and the chief science advisor at Match.com, says that the pandemic has led to a major change on dating apps. "This pandemic has led to more conversations, more meaningful conversations, more self-disclosure, more intimacy (and) less anxiety about sex and money," she said.
by Kerry Breen
See full article at Today
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Tinder Names New CEO
VARIETY - July 28 - Jim Lanzone, former head of CBS Interactive, has been appointed Tinder's new CEO. Lanzone takes over the role from Elie Seidman, who is stepping down. Lanzone starts at Tinder on Aug. 3, reporting to Match Group CEO Shar Dubey. Lanzone had spent nine years at CBS, most recently president and CEO of CBS Interactive. He exited CBS last fall to join venture-capital firm Benchmark Capital as executive-in-residence. Earlier in his career, Lanzone was CEO of Ask.com, which he joined in 2001 after its acquisition of eTour.com, where he was co-founder and president.
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