Match Group

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.

Match Group has hired a new Vice President of Innovation, a role that will direct the use of AI over its suite of apps.

Mark Kantor comes from his previous role as head of growth at Zynga, and co-founded startups like Yellowbrick and Grafitti, according to Tech Crunch. He will lead a team of engineers and product designers in harnessing AI technology for new features. According to an internal memo received by Tech Crunch, the new team is called ASL, which stands for Art x Science Lab, but is also a reference to an online pickup line (“age, sex, location”).

AI has been a tool that dating apps have incorporated in various ways, including in algorithms to better understand user preferences when delivering potential matches. Now with tools like ChatGPT, daters are using AI for profile-writing and messages, so dating app companies like Match Group are seeing opportunity.

Match Group and its partner Garbo, a nonprofit provider of background checks, have parted ways, according to a story that broke in The Wall Street Journal.

Garbo announced in a blog post that it will be shutting down its consumer-facing business as a result of the split. While details were not shared about exactly what happened, Garbo blamed Match Group for both the difference in priorities and the execution of the service on its platform.

Garbo’s service was integrated into Match Group’s Tinder platform and allowed users run background checks on potential dates using just a name and phone number. Garbo would give them a report stating if the person had any public reports issued against them for past violence, arrests, convictions and restraining orders.

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.