Online Dating - Public Markets Update - May 2025

💔 Dating app burnout is real, and online dating stocks are bleeding. Bumble Inc. has lost almost all of its value since its IPO, while Match Group is down 80% since its April 2021 peak.

While mainstream apps like Bumble Inc., Tinder, and Hinge experience user exhaustion and fatigue, niche platforms thrive.

LGBTQ-focused Grindr is performing incredibly well, having added $3.3B in market cap since its IPO and is currently valued at 10.5x NTM revenue. Outside of public markets, user loyalty is clear across niche platforms like Feeld and Pure App (hook-ups, sex-positivity) or Raya and The League (exclusive, invite-only).

Download full deep dive below 👇

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