Technology • Internet & Web
Covid-19 pandemic boosts online dating, and Match Group forecasts sales above estimates
iPhone displaying the Tinder app
iPhone displaying the Tinder app Credit: Kon Karampelas

Match Group Inc. reported Tuesday strong gains in profit and revenue in the second quarter above Wall Street expectations. The company is the owner of Tinder, Match.com, OKCupid and other online-dating properties.

As dating apps became an alternative to face-to-face meetings, as restrictions to stop the spread of the pandemic, results for the quarter were positive. Tinder gained 200,000 users in the quarter, taking its average subscribers-base to 6.2 million.

In an email, CEO Shar Dubey said: "Despite the pandemic, our user trends, like engagement and willingness to pay for our products, is up, proving what we’ve always known: Our products satisfy a very critical human need, and those needs aren’t going anywhere".