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Tinder parent company defies tech downturn as more people pay to find love

The GuardianNov-2-2022, 01:44:29 GMT

Tinder's parent company, Match Group, beat revenue estimates for the last quarter as more users looking for matches took out paid subscriptions on the popular dating app. Their results were an outlier in what has been a quarter of poor performance for some of the biggest tech companies in the US. Match Group, who own a suite of dating apps including Hinge and OKCupid, saw their shares rise 16% on Tuesday. The results are welcome news for Tinder, which has been rocked this year by executive changes. In August, chief executive Renate Nyborg stepped down after less than a year in the job.

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The Guardian

Country: North America > United States (0.27)

Industry: Information Technology > Services (0.99)

Technology:

Information Technology > Communications > Social Media (1.00)
Information Technology > Artificial Intelligence > Representation & Reasoning > Personal Assistant Systems (0.82)

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