THE MOTLEY FOOL – Jan 3 – Since 2011, the online dating market has grown ~42%, according to Match. In 2011, there were 360M singles online looking for a partner, and at that point, Match had a monthly active user count of 8M, representing ~2% of the market. In 2016, Match has a monthly active user count of 59M and the number of single people online looking for partners has grown to 511M. That gives Match a hand in 11.5% of the online dating market. In the next four years, Match expects the number of single people online to grow another 31%.
The company expects to see big growth in India, Russia, Eastern Europe, South Korea, and Japan. India tops that list with an estimated 197M singles. Tinder recorded 400% growth in India last year. Tinder accounts for 27% of Match Group's total paid member base. During Q3, Tinder accounted for ~66% of the company's total paid member additions by bringing onboard 93k paid members.
by Harsh Chauhan
See full article at The Motley Fool
Summarized by the Courtland Brooks team