Memberships

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 users flocked to dating apps during the month of July, setting a new record for activity and engagement, according to a recent study from Apptopia.

The app research firm has been collecting data since 2015 and found that active daily users on the most popular dating apps – including Tinder and Bumble – jumped to almost 15 million in July, an all-time high, as reported by Bloomberg. 

This follows news from media outlets anticipating a “hot vax summer,” where singles were getting ready to meet dates in person again after a series of lockdowns due to the Covid-19 pandemic. With the distribution of vaccines on the rise, especially in the U.S., U.K. and Australia, dating app users were getting vaccinated and flocking to apps to connect and schedule dates. 

Dating app Mingle2 announced that it will be rolling out in-app background checks, adding a new level of safety for its more than 39 million users.

The app has partnered with RealMe, a security tool that aggregates publicly available background information on over 275 million people in the U.S., presenting the findings in one report for easier reference. The new integrated feature provides Mingle2 users with insight into sex offender status, marital status, lawsuits, and criminal records of potential matches. 

According to the company’s press release, RealMe’s integration will allow Mingle2 to validate and verify user profiles to ensure safer interactions for people while using the app. Members will also be able to see a person’s Reputation Profile, where the background information is shared. 

The numbers of people in India turning to online dating has soared since the start of the pandemic. As they have been forced to stay at home and limit their interactions, many are trying dating apps for the first time to connect and meet new people. 

Dating app QuackQuack has been one of the fastest-growing dating apps in India, though it competes with giants like Hinge, Tinder and Bumble who are pouring resources into marketing efforts in the country. Still, QuackQuack saw a 300 percent increase in sign-ups that took their user base to 11 million in 2020, mostly due to people in smaller cities and towns eager to try the service. 

In fact, over seventy percent of new sign ups on QuackQuack in 2020 were from smaller cities and towns, a change from previous years. Over the past year, they added 3.4 million new users according to India New England News.

My Transsexual Date, the leading online platform for transgender women and trans oriented men looking for love, is taking its web-based version to a mobile app.

The company announced that its new dating app is in development and will soon be available on both iOS and Android. It will also be connected to the dating website when it rolls out. Once the app is released, it will have the largest user base for trans daters, giving it an edge over other trans dating platforms. Currently, users can sign up online and browse via the website on their desktops or phones, but there hasn’t been a dedicated app.

The company takes security very seriously, with a moderation team that is staffed around the clock to ensure the safety of users and prevent harassment of members. Added to that, My Transsexual Date is working on a new profile verification system where members will have to take a photo or record a video to prove they are real, in order to curb the proliferation of fake profiles – a common issue among online dating platforms.

Match Group’s revenue numbers increased more than expected for Q3, signaling that its customers are willing to pay for premium services in the midst of a pandemic.

According to Market Watch, Match Group reported revenue of $639.8 million for the third quarter, up from $541.5 million. Analysts had lowered expectations due to the raging pandemic and continued lockdowns, with a projection of $606 million for the quarter, which Match Group blew past. 

The company also reported a net income of $132.1 million, compared to $108.5 million in the same quarter the year before. This was due in part to star app Tinder, and also to the growth in revenue the company is seeing in its other apps, particularly Hinge, which was projected to triple its revenue growth this year.