Tinder

Image: Tinder

Tinder is reaching out to the coveted Gen Z market by partnering with Saweetie to welcome eighteen-year-olds to college, and to encourage them to meet people using the app.

Swipe Off is the nationwide challenge the dating app has launched, where it will award the college or university with the most swipe activity with a free concert headlined by the popular rapper, along with a surprise special guest.

The Swipe Off challenge is only open to select campuses participating in Tinder U, which is a feature college students can select that lets them connect with others at their school. According to the company’s announcement on the blog, the school that accumulates the most likes (or nopes) on Tinder by October 6th will win the free concert with Saweetie.

Popular dating apps like Tinder, Bumble, Hinge and Grindr are trying new subscription pricing to continue to grow revenue, including premium pricing as well as discounts and short-term subscriptions for young Gen Z daters.

Dating app revenue has stalled in recent quarters, and to increase revenue and paying subscribers these companies are looking at out-of-the-box pricing. Match Group is especially motivated, as it has seen revenue drop the past few months while Bumble and Grindr are still seeing gains. Many are starting to offer premium services to highly motivated and more affluent daters, who are willing to spend $500 a month on a dating app if it means better, more curated matches.

On the other end of the spectrum, these same apps want to attract younger daters, specifically the Gen Z market. Match Group is starting to offer short-term weekly subscriptions for those singles who don’t want to commit, as well as discounted pricing to encourage young daters to pay for subscriptions, instead of just opting for the free service and paying for certain in-app features as needed.

In time for students headed off to college, Tinder has released a new safety guide to help them navigate dating on campus.

According to Campus Safety Magazine, Tinder sees the highest number of new eighteen-year-old users in August and September when the school year begins. And while freshmen are excited to meet new people and date, dating violence is common on college campuses. Tinder wanted to take a proactive step and provide some guidance.

Tinder’s “Campus Crush Dating Guide” provides advice to help users meet people and date more safely, including knowing their self-worth and what they want from dating. The app points out the large number of users on college campuses, and encourages users to write complete bios, post at least four photos, and list their interests (with an emphasis on music preferences), so that they can attract the right matches.

This summer, young daters have been more interested in tossing aside geographical boundaries and looking for love in faraway places. They are also looking for short-term romance that comes to an end after the vacation is over.

According to Mashable, 33 percent of Bumble users are embracing “wanderlove” - the prospect of pursuing love interests outside of where they live. And young singles want to experience adventure and romance in a new place. Travel is the top priority for these daters, and if they can have an “expirationship” - a little bit of romance along with it that can end when they finish their travels, even better.

Part of this growing trend is due to post-pandemic work models, where many people were able to move to where they wanted to live, rather than stay where their workplace is located. Young people with no kids are especially interested in traveling, rather than putting down roots in a specific place.

Dating app Hinge is looking for a new head of AI, and is willing to pay almost $400K to the right person who will lead the team.

AI has become increasingly important to dating apps, and Match Group CEO Bernard Kim is capitalizing on the versatile technology to expand product offerings, especially for star app Tinder. Now, he’s focusing efforts on AI for its fastest-growing dating app, Hinge.

According to Business Insider, the new position was created to confirm Hinge as an “AI-first company.” The VP of Artificial Intelligence will lead a team of data scientists and machine learning engineers “to create and deploy AI features across the app,” as reported by Business Insider. The new hire will be based in New York, and report to Ben Celebicic, Hinge’s Chief Technology Officer.

Shares of Bumble fell 4 percent in early August after the company shared its relatively “lackluster” third-quarter revenue forecast, coupled with a sharper rise in its operating expenses, according to Reuters.

This rise in spending concerned investors, especially after Tinder’s parent company Match Group recently predicted that its third quarter revenue would be higher than analyst expectations, despite its own spend on development and marketing. The company has struggled lately with Tinder, and has been implementing new features to increase in-app revenue and expand its userbase. The company also recently announced it will be launching a high-end service for users who are willing to pay as much as $500 per month.

Bumble meanwhile shared that its operating expenses had jumped 7 percent in the second quarter with additional spend on product development and marketing.