Statistics

Revenue growth for dating conglomerate Match Group has fallen in a disappointing second quarter for the company. The market responded and the company’s stock fell more than twenty percent, bringing its stock price down 42 percent of its value since the beginning of the year.

Match Group held its earnings call with investors, reporting revenue of $795 million compared to $804 million that analysts expected. In addition to this, Match Group lowered revenue forecasts for Q3 from $800 to $790 million according to CNBC News, which includes the impact from foreign exchange rates falling compared to the dollar. To complicate things for Match Group, it also means that there would be no growth at all between the quarters.

There were some hopeful signs despite the news. The company pointed out that overall revenue grew twelve percent compared to this time last year. In addition, the number of paid users increased 10 percent to 16.4 million according to the shareholder report, and revenue per paid user rose three percent to $15.86.

A new study found that men who pose shirtless on dating apps give the impression that they engage in risky sexual behavior, and are viewed as less competent by potential dates.

According to the study, shirtless pictures are a turnoff for women, because they assume these men are having more casual sex, which poses increased risk for the women they date. Women also tended to objectify the men in these photos, and viewed them as less competent as a result.

According to PsyPost, researchers surveyed a relatively small sample - 567 undergraduate students in the U.S. between the ages of 18 and 25. Participants were shown one of eight mock Tinder profiles featuring an image of the same man, a white young male from the waist up, and asked their thoughts about attractiveness, social appeal, and competence. The profiles were manipulated to emphasize differences - a muscular body vs non-muscular, shirtless vs wearing a shirt, and the person advertising in his profile that he’s looking for a relationship vs. casual sex.   

Meta, the parent company of Facebook, Instagram and other popular social platforms, has frozen hiring of new staff for some of its divisions, including Facebook Dating.

Meta’s stock price is down almost 43 percent this year, and the company has gotten serious about streamlining its business. It has stopped hiring for certain engineering roles, but also for recruiters and low-level data scientists, according to The Verge. Facebook Dating has had disappointing results despite high expectations when it first launched.

Reviews show that many Facebook Dating users were having problems matching when they used the service and blamed the problem on fake profiles proliferating on the app. Considering the number of dating apps which use Facebook’s authentication system to verify new profiles, it should be easier for the company to get rid of fake accounts to create a better experience for users.

Dating app Hinge launches its latest feature aimed to spark conversation around self-care, a topic that has become popular in the wake of the pandemic.

Self-Care Prompts are meant to be conversation starters that specifically address mental health awareness, where users provide responses which populate their profiles, according to Tech Crunch. Users can choose up to three new self-care prompts to talk about from a total of 15 Hinge provides.

Some of the prompts Hinge offers include: “My last journal entry was about…,” “The last time I cried happy tears was…,” “My friends ask me for advice about…,” “To me, relaxation is…,” “I feel most supported when…,” “A boundary of mine is…,” “When I need advice, I go to…,” “I hype myself up by…,” “My self-care routine is…,” “I wind down by…,” “Therapy recently taught me…,” and “I get myself out of a funk by…”

Shares of dating company Bumble Inc rose 11 percent after news of the company’s earnings were released, with revenue beating analyst expectations.

According to Reuters, the number of total paying users across Bumble properties increased by 7.2 percent to 3 million during the first quarter of this year, increasing revenue to $211.2 million, surpassing analyst expectations of $208.30 million. Bumble apps include its signature apps, Badoo, and French dating app Fruitz among others.

Research firm Apptopia also found that Bumble downloads in the U.S. increased 20.6 percent during the first quarter, and monthly average users rose 13.7 percent compared to the same quarter last year.

Online dating company eharmony released a new study about dating in 2022, and despite the pandemic, found that most singles were optimistic about their prospects of finding love, and those in relationships were happy with their partners.

The Happiness Index study focused on how people are navigating dating and relationships in a post-pandemic world, and found that most singles - 76 percent – were optimistic about dating. The majority of those in relationships were satisfied, too, with 75 percent of U.S. couples saying they were happy in their relationships. Of those couples, 71 percent felt that having a romantic partner has positively affected their lives, and 55 percent said that their relationship has gotten stronger.

In addition to feeling more optimistic about their romantic lives, people are also gravitating away from alcohol after indulging during the pandemic. One in five people surveyed said they drank heavily during the lockdowns, and now, 74 percent of singles reported restricting their drinking in the last year. Twenty-one percent have considered not drinking at all.