Memberships

Match Group is refocusing the strategy for its most popular dating app Tinder, the company announced this week. It faces increasing pressure from activist investors to improve its financial forecast.

Match Group said in its recent investor day meeting that it plans to “prioritize improving user experience over monetization,” According to Bloomberg. The idea is if Tinder moves away from its reputation as a hookup app it can reverse the continued decline in paying users.

The company also shared that revenue will be flat or in decline through 2026, but will start to turn around in 2027 with slow, single-digit growth, according to Bloomberg. Shares in Match Group fell during the meeting as these proclamations were made.

The CFO and CMO of Bumble have announced their departures for early 2025, a shakeup for the dating app company.

According to Seeking Alpha, Bumble’s Chief Financial Officer Anu Subramanian will continue in her role until March and Chief Marketing Officer Selby Drummond will leave in January. The company has started a search process to replace Subramanian, who joined the company in 2020 and led it through its initial public offering.

According to Tip Ranks, the moves caused the share price for Bumble to increase, but overall the stock has declined almost 40% just in the last year.

Image: Tinder

Tinder has released new features and added perks in time for college students headed back to campus. The move signals the company’s continued priority to market to younger Gen Z singles.

One interesting perk is that Tinder will offer college students a 50% discount for any of its premium services of Plus, Gold, and Platinum, according to Tech Crunch. This comes after the dating app company has struggled to retain paying users, reporting a loss of 400,000 paying users in the last quarter.

Tinder also announced a series of updates to Tinder U, its in-app feature for college students to find others on their campuses to connect with. One new feature for Tinder U includes new badges to add to their profiles, such as graduation year, major, clubs they are a part of, and their fraternity/ sorority life.

Hinge and Grindr are two standout dating apps as they continue to grow in a tough market; powerhouses Tinder and Bumble are seeing more users leave their platforms.

In general, dating apps have had a rough couple of years, with the coveted Gen Z market looking to other options besides dating apps to meet singles, including in-person events, running clubs, and social media platforms like LinkedIn.

“Online dating trends have continued to decelerate industry-wide, showing minimal relief from the recent struggles,” wrote Morgan Stanley analysts Nathan Feather and Brian Nowak in their research, according to Quartz.

Tinder is launching a new in-app tool to encourage UK voters to access information about the upcoming election.

According to Mobile Marketing Magazine, the initiative called “Give an X” offers an in-app “Swipe Card” that provides unbiased information about the election and candidates so that users can make informed decisions for the General Election taking place this summer.

When a user swipes right on the card, Tinder redirects them to a Voting 101 FAQ page in partnership with youth-led, non-partisan charity My Life My Say. The FAQ page offers information on where to vote, what to bring, and steps for those who have recently moved as well as information about the election.

A new study from Eventbrite says that young people are turning away from dating apps to meet at in-person gatherings.

According to Axios, the study showed a 42 percent increase in people signing up for in-person dating events, like speed dating, between 2022 and 2023. From May 2023 to April 2024, Eventbrite also saw more than 1.5 million searches for dating and singles events on its platform.

"This ongoing trend speaks to a broader societal shift where people are craving genuine connections and meaningful experiences tailored to their interests," Eventbrite said in the report, which was released in early June.