Types (Niche)

Tinder has added new profile stickers to celebrate Pride month, and as young LGBTQIA+ daters become the fastest-growing user base on its platform.

Young users can now add “My First Pride” as a sticker to help them connect with others attending Pride-related events, according to The Advocate. “Came Out Online” is another sticker specifically honoring younger Tinder users who first came out on a dating app or social media platform.

In fact, Tinder’s new Future of Dating Report found that 54 percent of LGBTQIA+ singles between the ages of 18 and 25 come out on dating apps first, and to friends and family later. The study also found that young singles say their sexual identity and gender identity have become more fluid over the past three years.

Match Group announced the launch of its new gay dating app Archer on June 1st, just in time for Pride month.

According to Tech Crunch, Archer is a “social-first” dating experience specifically for gay, bi and queer men. The app is distinguishing itself from other gay dating apps like Grindr and Scruff by offering traditional social media features within the app.

For example, the app has interest tags that you can search, making the search process easier and allowing filters to be set. Free-form tags will be available post-launch, so users can customize their own interests. Most similarly to social platforms, users can follow one another, paving the way for similar features. (There are plans down the line to add a Stories feature, too.)

Image: Netflix

Netflix launched its latest dating reality TV show Jewish Matchmaking in May, and it’s already sparking new interest among young singles to try the age-old practice.

According to Jewish Unpacked, matchmaking is ancient but gets a fresh new look on the Netflix series, hosted by Aleeza Ben Shalom, Dating Coach and Matchmaker. One of the contestants is content creator Cindy Seni (who has also hosted videos for Unpacked), who was contacted by the production team to audition.

“I was making a lot of reels about being single,” Seni told Unpacked. “So I was sent an email, and then I just applied as a joke at the beginning, because I had just gotten out of a relationship. And I was like, Well, why not? You know, if someone’s gonna find me a husband, it’s going to be Netflix.” 

New research shows that the global dating market is still growing, and is expected to surpass US $12.8 billion by the year 2032. Currently, the market is at US $7.3 billion.

Most of the CAGR (compound annual growth rate) will come from the Asia-Pacific market, where there is the largest young population. In fact, this region has 2 billion active internet users, accounting for 49 percent of the total population. India, Japan and China are seeing the most growth, especially with technology advancements and AI-driven matchmaking and dating services attracting younger users.

However in 2022, North America still brought in the most revenue share at 39 percent, followed by Europe at 25 percent, according to Yahoo! Finance.

Grindr has launched a web version of its popular LGBTQ+ dating app, allowing people the choice to see more profiles at once and larger photos of potential matches.

According to an exclusive report from Fast Company, the new desktop version will be available to paying users, and will show six profiles on one screen as well as a chat box to message. The web version also offers larger photos of each potential match.

Some Grindr users aren’t comfortable with having the Grindr app on their phones, so this new web version provides a way to use the service more discreetly. Users will still have to download the app on their phones to set up their accounts and subscribe to the service, according to Fast Company, but would be allowed to delete it after it’s established and use the web version going forward.

Shares of Match Group stock rose following the company’s second quarter forecasts, despite the decline in earnings for Q1.

Match Group reported EPS (earnings per share) of 42 cents, beating the consensus of 41 cents, per Reuters. It’s also a 5 percent increase from the same period last year. Revenue however was $787.12 million for the quarter, below the expected $793.87 million, and a 2 percent decline from the same time last year according to Yahoo! Finance.

Paying app users decreased by 1.1 percent to 15.87 million, according to Yahoo!, but revenue per payer actually increased to $16.26, up from $16 in the last quarter, a hopeful sign.