These charts from Match Group show more people are turning to online dating during the pandemic
MatchGroup's second quarter 2020 earnings report shows more people using online datingapps since COVID-19hit. Match Groupowns popular online dating appsincluding Tinder, OKCupid, Match, and Plenty of Fish.
- Apps have rolled out virtual dating options, while some have also been accused of encouraging people to break social distancing orders.
Online dating is what people do when everything else has been cancelled, it seems. Match Group's second quarter 2020 earnings report shows an increase in subscribers and downloads over pre-COVID-19 levels, and users are back to paying for membership at the same level they were before.
Match Group's more than 45 dating brands include some of the most popular, like Tinder,
Tinder is the most popular of the company's dating apps, and saw a large increase in users during a time when business has been down in most sectors. Tinder tried to get ahead of the virus and possible snafus related to meeting up with strangers. Back in March, Tinder added a popup message warning users to practice basic precautions like hand washing and maintaining social distance. "Your wellbeing is our #1 priority," the message read, linking to the World Health Organization for more information.
Despite these messages of caution, the goal of dating apps is to bring people together in real life, a potentially tough sell during a deadly pandemic. In May, Business Insider reported on dating app users trying to convince others to violate social distancing.
Some dating apps, including those owned by Match Group, launched new features for safer dating in a pandemic. Hinge released "Date from Home," Plenty of Fish added a livestreaming feature, and Tinder later added a video dating feature. Match says some of its apps, especially on Plenty of Fish, are seeing "healthy adoption."
Possibly most surprising, and most promising for Match Group, average revenue per user (ARPU) rebounded and even surpassed pre-coronavirus levels. April was a low spot, but ARPU has steadily increased since, despite the economic crisis.
Match ended the quarter with 10 million subscribers, 6 million of which are Tinder users.
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