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Match Group in Negotiations with Indian Matchmaking Service Shaadi

India
  • Monday, March 06 2023 @ 10:10 am
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Match Group, parent company of popular dating app Tinder, is in talks to purchase a strategic stake in Shaadi, an India-based online matchmaking service.

The Economic Times first reported that the two companies were in talks, and that Match Group was looking to buy out Shaadi’s institutional stakeholders, but few details have emerged.

According to Ink 42, this latest development comes after Match Group has refocused its efforts and brought on a new executive team to run Tinder, which last year saw its first quarter of revenue decline since the company went public. Match Group has set its sights on the fast-growing Asian market, especially India and its large under-30 market.

Bumble Revenue Exceeds Expectations and Shares Rise

United States
  • Friday, March 03 2023 @ 09:57 am
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  • Views: 1,046

Bumble surprised investors and analysts with its latest earnings report, which showed better-than-expected revenue in the last quarter of 2022. Shares of the company’s stock rose about 2 percent as a result.

According to Seeking Alpha, Wall Street analysts had expected fourth quarter revenue to reach only $235.9 million, but the company reported revenue of $241.6 million, up from $207 million in the same quarter the previous year.

Bumble also reported 3.4 million paying users during the fourth quarter of 2022, compared to 3 million in the same quarter of 2021. Total average revenue per paying user was about $23.01 for the fourth quarter of 2022, compared to 22.68 the year before.

Bumble Study Shows Sober Dating Becoming More Popular in India

India
  • Wednesday, March 01 2023 @ 08:04 am
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  • Views: 1,040
Dry Dating

Dating app Bumble found that more singles in India are practicing “dry dating” or dating while sober. In fact, the dating app expects this to be the number one dating trend in the country in 2023, thanks to young daters.

A recent poll taken by the app found that 24 percent of single Indians who drink say they don’t plan to do so on dates this year, even past dry January. When asked why, the majority (56 percent) said they wanted to get to know the other person “without being distracted,” according to The Economic Times.

Forty-five percent said they were choosing not to drink on dates to improve their health and wellness by consuming less alcohol.

eHarmony Study Shows UK Singles Feel Addicted to Dating Apps

United Kingdom
  • Wednesday, February 22 2023 @ 09:29 am
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  • Views: 902
Addicted to Dating Apps

A new study by eHarmony found that a whopping 90 percent of singles in the U.K. believe they are addicted to dating apps, with as many as 70 percent feeling depressed or anxious after using them.

According to the researchers, almost half (48 percent) said they check their apps as the last thing before going to bed, and roughly 39 percent said they check their dating apps first thing when they wake up. Nearly a third said they check them while at work (with 31 percent of men admitting to this compared to 25 percent of women), and 12 percent admitted to checking their dating apps while on a date.

Researchers also found that 55 percent of U.K. singles believe they spend too much time on dating apps, with an average of 55 minutes per person per day. eHarmony deduced that the average person is having about 6 conversations at any given time, and 8 percent might have as many as 15 conversations at once.

OkCupid is Testing ChatGPT Questions for Its App

United States
  • Friday, February 17 2023 @ 10:08 am
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  • Views: 1,302
OkCupid is Testing out ChatGPT

OkCupid is testing ChatGPT questions to provide users of its app, harnessing the popular AI technology for itself.

ChatGPT has taken the world by storm, with millions of people testing its writing skills, so naturally daters are using it to chat with their matches over dating apps. OkCupid has often analyzed user behavior and preferences to choose new features to add, so now the dating app is sharing that it’s been sending out questions formulated not by people, but by the popular AI ChatBot.

According to Tech Crunch, the six questions generated by ChatGPT have already been answered more than 135,000 times, mostly by Gen Z users. In fact, 31 percent of Gen Z users on OkCupid said they don’t think that using AI to create a profile or message someone on a dating app is a violation of trust, according to Mashable.

The questions introduced by ChatGPT include:

New Pew Study Shows Daters Split When It Comes to Their Experiences on Apps

United States
  • Wednesday, February 15 2023 @ 09:13 am
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  • Views: 1,067

A new Pew study has found that over half of dating app users (53 percent) said that their experiences have been at least somewhat positive, including 14 percent who said they had very positive experiences. About 46 percent say their experiences on dating apps have been at least somewhat negative, showing the dating population is divided on how well the platforms are working for them.

While 53 percent shows that more than half of daters have had positive experiences, dating apps have a long way to go in satisfying their customer base, as some users reported facing harassment or scams, according to the report. Peoples’ experiences also vary by race, gender and ethnicity, as well as household income and sexual orientation.

Pew reported that 57 percent of men report positive experiences compared to 48 percent of women, and 61 percent of LGB users have had positive experiences compared to only 53 percent of straight users.

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