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Match Group Stock Rises After First Quarter Earnings Report

OkCupid
  • Friday, May 21 2021 @ 09:19 am
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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.

OkCupid Launches New Profile Badge for Climate Activists

OkCupid
  • Friday, April 23 2021 @ 09:16 am
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OkCupids Climate Change Advocate Badge
Image: OkCUpid

OkCupid has launched a new profile badge for users to advertise their views on climate change in honor of Earth Day.

The dating app company will prompt its users with the question: “Are you concerned about climate change & want a profile badge to show it’s important to you?” For those who choose to answer in the affirmative, a Climate Change Advocate badge will be automatically added to their profile. 

In addition, these users will be featured in the Climate Change Stack (categories where users can easily search potential matches according to interests), and OkCupid also plans to donate $1 per profile badge to EarthDay.org, up to $25,000. EarthDay.org is the world’s largest recruiter of for the environmental movement, which began on the first Earth Day in 1970. 

My Transsexual Date, OkCupid Among Top Dating Sites for Trans Singles

OkCupid
  • Monday, March 29 2021 @ 07:22 am
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My Transsexual Date, OkCupid Among Top Dating Sites for Trans Singles

LA Weekly unveiled a list of the best online dating sites for Trans singles, with OkCupid and My Transsexual Date among the top choices.

The list was created with attention to the specific needs of trans daters, notably in regard to safety, the magazine points out. While many mainstream dating platforms have a section or choices for transgender people, the transgender community is often subject to abuse from intolerant or ignorant cis users, or they are fetishized and treated as objects. This makes dating apps particularly tricky and anxiety-provoking for trans people.

Some online dating sites provide a safe space better than others, and My Transsexual Date and OkCupid are among them. 

New Data Shows Getting Vaccinated Sparks More Interest on Dating Apps

OkCupid
  • Wednesday, March 17 2021 @ 09:44 am
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Vaccines and Online Dating

If you’ve been vaccinated, you might want to include it in your online profile. Several online dating apps have now reported seeing increased interest around the topic of vaccines.

According to a report from Vice in early March, a Tinder spokesperson told Motherboard that they’d seen a 238 percent increase in vaccine mentions in user bios in January, and noticed the interest surrounding the subject as early as November. Bumble also reported an increase in the number of people using the words “vaccine” or “vaccinated” in their profiles dating back to December. In the same time period, the number of profiles on Scruff with the word “vaccinated” added has doubled.

August 1 Set to Be the Most Popular Dating Day in the UK

OkCupid
  • Thursday, March 11 2021 @ 09:14 am
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Popular Day for Dating

Dating app OkCupid has predicted that August 1st will be the most popular day to schedule a date in 2021, thanks to the rollout of the vaccines for COVID-19 in the U.K.

According to Mashable, U.K. Prime Minister Boris Johnson pledged that all adults will be vaccinated by July 31st, and in response, OkCupid projected that there will be a huge spike in people getting together the next day. Singles have felt especially isolated this past year, with virtual dating becoming the preferred option over meeting someone in person. But the rollout of the vaccine seems to be changing attitudes and comfort levels among the dating app’s users.

This projection is assuming that the vaccine rollout goes smoothly and there will be enough doses in the country, which might not be the case, Mashable warned. To date, almost 18 million people had received their first dose of vaccine and about 620,000 had received their second. These numbers met the government’s target for mid-February, with 15 million people now vaccinated in the U.K.

Match Group Delivers Q4 Results with Cautiously Optimistic Projections for 2021

OkCupid
  • Wednesday, February 24 2021 @ 07:21 am
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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. 

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