Statistics

Shares of Bumble fell 4 percent in early August after the company shared its relatively “lackluster” third-quarter revenue forecast, coupled with a sharper rise in its operating expenses, according to Reuters.

This rise in spending concerned investors, especially after Tinder’s parent company Match Group recently predicted that its third quarter revenue would be higher than analyst expectations, despite its own spend on development and marketing. The company has struggled lately with Tinder, and has been implementing new features to increase in-app revenue and expand its userbase. The company also recently announced it will be launching a high-end service for users who are willing to pay as much as $500 per month.

Bumble meanwhile shared that its operating expenses had jumped 7 percent in the second quarter with additional spend on product development and marketing.

Singles are turning to their travels to find romance this summer, a term that’s being dubbed “wanderlove.”

According to a new survey from Bumble, a majority of 53 percent of people on its app are looking for a holiday fling this summer instead of searching for longer-term options closer to home.

Part of this trend could be due to the number of singles who choose to travel alone to explore new destinations and are looking to meet new people along the way. Bumble found that almost 30 percent of its users meet people over the app when they travel alone, and 52 percent say that dating people abroad is a fun way to learn about new cultures, according to UK website Indy 100.

According to a recent study conducted by dating app Bumble, seventy-four percent of singles in India believe it is important to have similar tastes in music as their partner.

The study also found that 91 percent, a vast majority of Indians surveyed, feel that music helps build a strong connection and 89 percent think that someone who has the same taste in music as them makes them more attractive, according to Indulge Express.

Bumble offers interest tags specifically for music that users can add to their profiles to interest potential matches, or at least get a conversation started.

According to a new study from Tinder, Gen Z singles say that they are changing a lot of the norms surrounding dating and relationships that were popular with previous generations.

The Future of Dating Report found that 75 percent of Gen Z respondents feel that they are challenging these norms that were “passed down to them,” according to Mashable. Tinder also noted that Gen Z, specifically users aged 18 to 25, make up more than half of its user base.

For one, Gen Z daters choose to respond quickly to messages as opposed to previous generations who would delay for fear of looking too eager. Instead of waiting for “the perfect time” to respond, 77 percent of Tinder users now respond to a match within 30 minutes, and 40 percent respond within five minutes, according to Relevant Magazine.

A study from The International Journal of Environmental Research and Public Health shows that there is a link between dating apps and a negative impact on mental health.

The research showed that there was a link between dating app usage and increased experiences of loneliness, dissatisfaction with life, and feeling excluded from the world, according to Scripps News.

This disconnect has been something that dating app users have experienced and lamented about over the years – specifically, that these platforms are meant to connect people but many of these types of connections can feel temporary or pointless because of behavior like ghosting. Part of the challenge with finding romantic partners on dating apps is that there is an overwhelming amount of choice, and many users feel tempted to keep looking, even when they meet someone they are interested in, which contributes to more behavior like ghosting.

New research shows that the global dating market is still growing, and is expected to surpass US $12.8 billion by the year 2032. Currently, the market is at US $7.3 billion.

Most of the CAGR (compound annual growth rate) will come from the Asia-Pacific market, where there is the largest young population. In fact, this region has 2 billion active internet users, accounting for 49 percent of the total population. India, Japan and China are seeing the most growth, especially with technology advancements and AI-driven matchmaking and dating services attracting younger users.

However in 2022, North America still brought in the most revenue share at 39 percent, followed by Europe at 25 percent, according to Yahoo! Finance.