Hinge and Grindr Are Leaving Bumble and Tinder in the Dust
Posted on July 11, 2024
QUARTZ – "Online dating trends have continued to decelerate industry-wide, showing minimal relief from the recent struggles," Morgan Stanley analysts Nathan Feather and Brian Nowak wrote in a research note Tuesday. They pointed out that Hinge and Grindr were doing well. Hinge has seen a huge surge in paying users this year. User downloads increased 14% YOY in the Q2. Bumble's global user downloads rose only 2% in Q2. Tinder's downloads fell ~12% in Q2. And while Grindr hasn't seen a big increase in users, its stock has soared 120% from last year and ~32% from last month.
