TECH CRUNCH – CEO Spencer Rascoff said Tinder will debut “modes,” which will allow users to switch between different dating goals. A broader redesign will include features aimed at college students. Another new feature allows users to like specific parts of a profile and start conversations based on those likes, similar to Hinge. Q2 revenue was flat at $864M and earnings declined from $133M year-over-year to $122M. A better-than-expected Q3 outlook forecast revenue of $910-920M. Match will invest $50M in product development and experiment with AI matching on Tinder, which it debuted in New Zealand earlier this year with matches based on info from profiles and insights from camera roll photos. Tinder’s Double Date option, launched in June, lets users pair up with a friend to match with another couple.
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Mark Brooks: The $50M in AI product development is the real news here. Match has the pockets to really deliver on AI-based disruption and meaningful product improvements.
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