India

Dating app Bumble had a rough third quarter, with total paying users down 2 percent from the second quarter. It was the first time the company saw a decline in its user base since going public in February of this year.

According to Reuters, total paying users fell to 2.9 million as the pandemic surge prompted new lockdowns in hard-hit countries. The company says the pandemic surge caused an overall drop in consumer spending on dating apps and in-app purchases. This news spooked investors and sent Bumble’s stock tumbling 9 percent, a 32 percent total decline since its IPO.

The company owns popular dating app Badoo which was hit especially hard due to its popularity in markets affected by the Covid surges. Badoo accounts for about a quarter of the company’s total revenue according to Barron’s.

Dating app conglomerate Match Group has lowered their expected earnings for Q4, according to an earnings call with investors. The company said the adjusted forecast resulted from decreased revenue in Asian markets due to the pandemic. Shares declined 6 percent with the news.

According to Reuters, Match Group adjusted fourth quarter earnings revenue between $810 and $820 million, below analysts’ forecast of $838.5 million per Refinitiv. The company expects revenue for 2021 to be around $3 billion.

In the third quarter, revenue rose 25 percent, but still missed expectations. Match Group added 16.3 million paid users and revenue per person rose 8 percent. Their quarterly earnings came out to $.53 per share, missing the Zacks Consensus Estimate of $.60 per share, and has dropped from earnings of $.55 per share a year ago.

The attitudes of Indian singles towards dating, sex and intimacy are changing as a result of the global pandemic. Interestingly, their parents’ attitudes are shifting along with them.

According to Mint, a recent survey of Bumble users pointed towards this cultural shift, with 34 percent of respondents from India saying they were “more open to exploration” when it comes to sex, ahead of users in the U.S., Australia, Canada and the U.K. This finding was part of a larger study of users across different countries taken over the summer, including over 2,000 participants from India.

A majority of Indians – 65 percent – said the pandemic has changed their approach to sex and intimacy. Almost one in three respondents (33 percent) said they have started living with someone they met on a dating app since the second wave of Covid hit India in March and lockdowns began, according to Mint.

Tinder India has created and released a new film for its users about consent and what it looks like in modern-day dating culture. The purpose of the new film Closure is to spark conversation among daters and to help them create healthy boundaries. 

According to Business Insider India, the film centers around a young woman named Ria and her estranged ex-boyfriend Ved. The film starts with the two of them meeting on a beach and flashes forward through their budding romantic relationship. Then the movie cuts to a disturbed Ria and confused Ved sitting across from each other after some time has passed, having a difficult conversation about what drove them apart. We soon learn that Ved didn’t ask for her consent on their last night together. “You didn’t say no,” he insists, where Ria says “but I also didn’t say yes. I wish for once, you had asked.”

Ved later asked if she was seeing anyone, and it flashes to her budding new relationship with a man who does the things she longed for Ved to do – he asks permission before he kisses her or holds her hand. She also exercises more power in this new relationship by voicing what she wants, something she realizes she didn’t do while she was dating Ved. She has moved onto a happier, healthier relationship. 

Tinder released a new study of dating app users in India, finding that their attitudes and behavior are changing, particularly in the last year as people grappled with dating during a pandemic. The company found that users engaged with each other over the app 32 percent longer compared to this time last year, and nearly half had video chatted with a match.

The company’s Future of Dating report also found that individual engagement on its app had increased – with swipes up 11 percent and matches up 42 percent per user over the same period.

The study points out that many of India’s dating app users are younger and aren’t necessarily looking for anything serious, a shift from the traditional marriage-focused dating culture. In fact, 62 percent of respondents said they wanted to “see where things go” when it comes to meeting new people and weren’t comfortable conforming to society’s expectations of dating. 

Dating app Tinder is expanding its original content, partnering with Netflix India to produce a new reality dating series.

According to Variety, the show IRL: In Real Love, will take place in India and is produced by Monozygotic. It caters to the country’s growing younger population who are single and have become avid users of dating apps. 

There will be an in-app casting call – so instead of aspiring actors there will be real Tinder singles to star in the series. Promotional swipe cards will appear as users sift through potential matches, allowing them to swipe right to be directed to a registration page to try and become a cast member.