The single people of the world believe in the value of Tinder and are willing to pay for it. According to Match Group (the owners of Tinder), the dating app brought in over 1.2 billion dollars in 2019. That statistic makes Tinder the companies most valuable asset.
The company, which also owns Hinge, OkCupid, and Match.com, also said Tinder averaged 5.9 million subscribers in the fourth quarter of 2019, representing an increase of 36 percent over the past year.via The Verge
Tinder utilizes in-app subscriptions and perks including unlimited swiping and additional promotion of users accounts to others nearby as part of the fiscal incentives to boost the bottom line of the app.
Is this a sustainable business model? With no shortage of people looking for companionship will this number only grow in the future? Keep it locked here at NerdGangNation as we bring you the latest in tech news and updates.