As of January 2018, Statista listed Tinder as the most popular dating service for US singles in the coveted 18-29 age range.
Tinder contributed nearly half of that ($805 million) thanks to the incredible success of its premium subscriptions. The company brought in $1.7 billion in revenue in 2018. Match Group - parent to, Tinder, OkCupid and others - remains a dominant force in the industry. Mobile dating applications now account for nearly a quarter of industry revenue, and their growth has rapidly outpaced that of other dating services. In the same timeframe, the number of businesses has grown by 1.0 percent and the number of employees has grown by 5.6 percent. There are now around 2,000 dating services in North America and an estimated 8,000 around the world.Īccording to the market research firm IBISWorld, the dating sector grew by 11.9 percent over a five-year period to reach revenue of $3 billion in 2018. The dating industry has experienced tremendous growth as an increasing number of consumers use the internet to seek love and the social stigma for doing so disappears.
Technology, business and society have radically transformed the ways we meet, communicate, date, fall in love, get married and break up. With the launch of in 1995, the search for a partner was irrevocably changed.
