POF (Plenty of Fish)

Seniors are a growing demographic of online daters, and they are flocking to popular dating apps, including Tinder, according to a recent study.

Independent insurance group Choice Mutual found that about one third of seniors who have dated in the last five years have looked to dating apps to meet people. In addition, two thirds of those using dating apps have found relationships with someone they met through the platforms, according to Forbes. 

Some top choices of apps were Tinder, Match and Hinge, with 35 percent of respondents saying Tinder was the platform where they met the person they were dating. Twenty-eight percent said they had the best luck on Match, 25 percent had found someone either on Hinge or Plenty of Fish, and 24 percent had found their significant other on Bumble.

Online dating company Match Group’s stock rose after details of its first quarter earnings report were announced. Shares were up 5.3 percent to $146.30 according to recent trading reports.

Barron’s reported that Match Group posted revenue of $668 million for the quarter, up significantly from original Wall Street forecasts of $650.7 million. And profits were also up 57 cents a share, higher than the expected 40 cents per share. Match Group owns a range of popular dating apps, including Tinder, OkCupid, Plenty of Fish, and Hinge as well as niche apps like BLK and OurTime.

Tinder is still the star of Match Group’s offerings and its main revenue stream, with 18 percent growth in revenue for the dating app. However, Match Group noted that it has seen 30 percent growth in the rest of its business. Notably, some of its lesser-known apps like Hinge are seeing a surge of growth as the company invests more in its other offerings, too.

Dating app Snack is marketing itself to a new generation of daters and is building excitement with $3.5 million in funding, according to Tech Crunch.

The app is modeled after TikTok and Instagram, placing short form video as the centerpiece rather than profile pictures. Instead of swiping, each user has a feed they can scroll through to see what other users have posted. When you like a video, you are able to comment, and if two users like each other’s videos, then DMs open up for them to message over the app.

Match Group shared its fourth quarter earnings this week, offering investors some cautious optimism on what to expect in 2021. 

Last year the company saw record highs in new users and activity, but faced with economic recessions and a global pandemic, revenue growth remained uncertain. The company delivered slightly better than expected results for the last quarter of 2020, with revenue of $651.4 million for the quarter, up from $547.2 million. Analysts had been projecting $649 million according to Market Watch. Match Group also reported net income of $140.6 million, up from $94.7 million this time last year. 

Recipient of Gold
Tinder

Recipient of Silver
POF

Recipient of Bronze
eHarmony

This past year has been an interesting one from a dating perspective thanks to the pandemic that took hold of the world and the lock downs and social distancing that resulted from it. Most of the popular dating services found an increase in visitors especially during lockdown when people were forced to stay home. Seeing this trend, dating services that did not have a video feature rushed to get one added to their service to ensure daters had a way to interact virtually through live video streaming since meeting in real life was out. The funny thing with this is most services that have been around for the past 5 years probably had implemented video dating at one point, but had removed it by 2020 due to members not using it. While a lot of dating services did see increase numbers of visitors that did not necessarily mean increased revenue since online daters are looking to spend less during these uncertain times.

Right on schedule this year the 2021 Dating Sites Reviews Single's Choice Award poll went online October 1^st, 2020 and closed for voting on December 31^st, 2020. In 3 months, 334 visitors took time and cast their vote in the poll. This is down about 35% when compared to last year. I think part the reason for this was singles had decided to stay with the popular dating options instead of looking for new services thanks to the pandemic. For 2021, the poll asked the following question:

Recipient
Plenty of Fish (POF)

The Editor's Top Pick - Over All award recipient for 2021 is Plenty of Fish. This dating service also won our best free dating service award as well. It should be no surprise that POF is a winner of both awards thank to their large member base which makes it easy to find potential partners. In fact, compared to other dating services, you are 2.7 times more likely to have a conversation with another member in the first 24 hours of joining. That is because thanks to free messaging for all members, in one single day more than 17 million conversations happen on POF.