According to the Census Bureau, about 47% of the US population has never been married (about 117 million people), and almost 60 million people in the US2 (about 3 in 10 people) have used online dating services. That number skyrockets if we do a bit more age bucketing - almost 60% of people under 50 have used the apps.
their market cap is $9 billion. Match reported earnings on July 31st and posted slowing growth - Tinder is up 1%, and payers are down 5%. Hinge is still doing quite well - up 48% on the quarter
Bumble is down over 90% since their IPO. On August 8th, Bumble shares fell 38% at open - the largest drop on record. Match and Bumble reported slow revenue growth for their most recent quarters, at 4% and 3%, respectively
so if people aren't using dating apps what do they do
they give up
only 56% of Gen Z adults and 54% of Gen Z men have been in a romantic relationship during their teen years, compared to over 75% of Baby Boomers and Gen Xers according to the Survey Center on American Life.
TDLR:
in conclusion, normies are finally catching up and giving up on dating apps this could have very good results for the dating market in the upcoming years, especially for a lot of young cells like me
their market cap is $9 billion. Match reported earnings on July 31st and posted slowing growth - Tinder is up 1%, and payers are down 5%. Hinge is still doing quite well - up 48% on the quarter
Bumble is down over 90% since their IPO. On August 8th, Bumble shares fell 38% at open - the largest drop on record. Match and Bumble reported slow revenue growth for their most recent quarters, at 4% and 3%, respectively
so if people aren't using dating apps what do they do
they give up
only 56% of Gen Z adults and 54% of Gen Z men have been in a romantic relationship during their teen years, compared to over 75% of Baby Boomers and Gen Xers according to the Survey Center on American Life.
- 41% of online dating users over 30 have paid for the app - but only 22% of under 30s have paid.
- Gen Z is not down with the apps - only 21% of college and graduate students use dating apps once a month, according to an Axios/Generation Lab survey. This age group is shrinking too - the 18-29 year old age group has fallen from 53 million to 52.6 million
TDLR:
in conclusion, normies are finally catching up and giving up on dating apps this could have very good results for the dating market in the upcoming years, especially for a lot of young cells like me
