India

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.

Dating app Tinder has partnered with VisitHealth to offer free mental health services to its users in India.

Through July, all existing and new Tinder members in India will have free access to emotional wellness content through the dating app, such as guided meditations and fitness videos among other health initiatives, according to The Times of India.

In addition, every Tinder member will have access to two free sessions with a licensed therapist across all major Indian languages. Participating members can also have access to continued support at discounted rates after those first two sessions.

The pandemic has been difficult mentally and emotionally for people around the world, and young people looking for connection have been especially vulnerable. More than half of India’s Tinder members are 18 to 25-year-olds, and as The Times of India points out, they have become more open in sharing their lives with others over the app in order to feel more connected - including who they are, how they look, and how they feel. Since the start of the pandemic, Tinder noted that mentions of the word “anxious” grew by 20 percent, and the word “normalize” was used 11 times more frequently in bios from March 2020 until now.