Technology

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 Democrats have launched a new series of ads on dating app Grindr to appeal to young LGBTQ+ daters, in hopes of turning out more votes ahead of election day on November 5th.

According to The Advocate, the targeted ads focus on the Republican party’s Project 2025, emphasizing that the document threatens LGBTQ+ rights. These ads urge people to vote against the extremist agenda. One ad says: “Project 2025 Rips Away Our Rights. Stop Republicans. Make a plan to vote at IWillVote.com.”

The Kamala Harris campaign has spent three figures on the ads, indicating the importance of the LGBTQ+ constituency to her success.

In time for National Coming Out Day on October 11th and Spirit Day on October 17, a new report was released by GLAAD in partnership with eHarmony that explores the way dating apps intersect with how the LGBTQ+ community shares their identities and sexual preferences.

The report details how non-binary, trans and LGB+ daters express (or don’t express) themselves and their preferences over dating apps, and their differences in experiences on these platforms.

Overall, Gen Z daters have been much more likely than previous generations to come out on a dating app. Sixty-six percent of Gen Z daters came out before they were 18 years old, and 93 percent came out by age 22, compared to only 40 percent and 76 percent of Millennials, respectively.

Gay dating app Grindr has been hinting at its development of an AI wingman, but now the company is officially testing an initial model, according to The Wall Street Journal.

The WSJ interview with CEO George Arison included more details on the AI wingman, which will keep track of a user’s matches and make conversational suggestions based on messages they have had with other users. The AI bot will even recommend matches with long-term relationship potential and suggest places where they could meet.

According to Arison, down the line, the AI wingmen of Grindr users will be able to chat with each other so they can offer a “robust view” of a match before the user decides to meet in person. “Bot-to-bot conversation not only saves the humans time, it might also spot dating deal-breakers early on,” he told WSJ.

Match Group CFO Steven Bailey

Image: Match Group

Match Group has promoted Steven Bailey to the position of CFO, taking over for Gary Swidler as he continues in his role as president of the company.

Bailey is currently senior vice president of financial planning and business operations at Match Group, according to Reuters, and will assume his new position on March 31st. According to Reuters, his appointment signals the company’s commitment to “long-term strategic growth” and “strong cost discipline.”

Match Group’s most popular app Tinder has seen paying users and revenue fall in recent quarters, though Hinge continues to grow. The company has allocated a lot of resources to AI-driven features like photo selection and prompts that provide users help with crafting messages and bios, which seem to be the direction many dating apps are going. In fact, Grindr is testing out a new virtual wingman using generative AI.

The new dating app industry code of conduct established by the Australian government has taken effect as of October 1st, requiring dating apps to adhere to certain standards in an effort to better protect their users.

The new code requires dating apps to make “prominent and transparent” to users how to report someone or file a complaint on their platforms, according to Associated Press. The code also requires dating apps to detect potential incidents of online harm, and that the accounts of offenders are terminated.

A pervasive problem is that users who have been blocked on one platform can join another, so the reporting process is key. Communication Minister Michelle Rowland said in a statement: “If there are grounds to ban a particular individual from utilizing one of those platforms, if they’re banned on one platform, they’re blocked on all platforms,” according to AP.