Statistics

Dating app Once, which dubs itself the “slow” dating app, has been sold to conglomerate Dating Group for $18 million in cash and stock, according to Tech Crunch.

Dating Group owns Dating.com, Dil Mil, AnastasiaDate and ChinaLove among other online dating platforms, competing directly with Bumble and Match Group’s suite of apps as well as Facebook Dating. It currently has offices in seven countries, and around 73 million users across its portfolio. Once comes with about 9 million users.

Once positioned itself as a more purpose-driven dating app, offering only one match per day to its users, who then have 24 hours to message that match to show interest, or they disappear. This offering was an intentional tactic to compete with the frenetic pace of apps like Tinder where people are inclined to swipe through dozens of profiles each minute rather than spending time really looking at each one. On the other hand, Once forced its users to consider one match at a time.

Bumble Inc. made its IPO filing public Friday January 15th, following rumors that the company would go public in time for Valentine’s Day. The app is expected to list on NASDAQ under the BMBL ticker.

According to The New York Post, Bumble reported revenue of $488.9 million in 2019, and $376.6 million in revenue between January 29 and September 30th of 2020. (Fourth quarter results have not been reported.) The pandemic has helped fuel dating app sign-ups and activity, with people using them to connect in a time of social distancing. Bumble offers an in-app video chat feature, which has been incredibly popular the last several months as people were in lockdown.

Dating apps have been blamed for the so-called “dating apocalypse” – the idea that singles prefer to mindlessly swipe instead of trying to form a long-term relationship with someone who interests them. But according to a new study, the opposite is true – people are turning to dating apps to find long-term relationships.

Researchers from Switzerland’s University of Geneva (UNIGE) studied survey data from 3,235 of the country’s adults aged 18 and over who were in a relationship and had met their partner in the last ten years, and found that those who had met over a dating app were more likely to live together than others, indicating a higher level of commitment.

Women who met their partner over a dating app were also more likely to want a child within the next three years compared to those who met their partners offline, showing that dating app users approached the dating process with greater commitment. In addition, those couples who met over apps were just as happy and satisfied in their relationships as those who hadn’t, according to a report by CNN.

Image: Tinder

Dating app Tinder released its annual report The Year in Swipe, and found that while the pandemic dominated the year, dating apps benefitted with an increase in subscriptions and user activity. 

While many singles were stuck at home they chose to connect virtually, with messages and swipes up by double digits compared to back in February, according to Inside Hook.

“Travel” was the most-used term this year, especially around March and April when the first lockdowns began and people had to cancel their plans. Also popular in 2020 were pandemic-related ice breakers, with many using the phrase “quarantine and chill” and discussing mask wearing habits and protocols with their matches.

Dating app usage has increased significantly this year, in part due to the global pandemic. But as we go into cuffing season and usage continues to skyrocket, privacy experts from the Brookings Institute are cautioning dating app users to be careful with sharing their personal information.

The research firm notes that online dating has been increasing rapidly in the last decade, especially since the debut of dating app Tinder in 2012. Thirty percent of American adults had tried online dating in 2019, compared to just 13% in 2013.

This year however, there has been an explosion of new online daters. Match Group (which controls 60% of the dating app market with apps like Tinder, OkCupid, and Hinge), reported a fifteen percent increase in new subscribers in the second quarter of 2020, and a record-breaking 3 billion swipes on Tinder in one day in March when lockdowns began. From March to May of 2020, OkCupid saw a 700% increase in dates and Bumble had a 70% increase in video calls, Brookings points out.

BLK, a dating app specifically for black daters, has become one of the fastest-growing apps in the Match Group suite of dating apps. Match Group currently owns a substantial portion of the dating app market, including Tinder, OkCupid, Plenty of Fish and Hinge among others.

According to The Grio, during the first two weeks when COVID-19 was spreading and people were sheltering at home, BLK saw an 18% increase in daily activity. Now seven months into the pandemic, there is a 38% increase in activity month over month. BLK launched in 2017, and since has grown to over four million users.