"Summer of love": Tinder mom expects dating boom

Because of Corona, many singles had to postpone looking for a partner.

But for the next few months, the dating platform Tinder expects a real cuddle alarm.

Dallas - The parent company of the dating platforms Tinder continues to expect brilliant business after a strong start to the year.

"We are looking forward to a summer of love," announced Match Group CEO Shar Dubey in the quarterly report on Tuesday after the US market closed.

In the first quarter, sales grew by 23 percent year-on-year to $ 668 million (EUR 556 million) thanks to significantly higher subscription numbers.

Net income was $ 174.3 million, following a loss of over $ 200 million for the same period last year.

Tinder: Dating platform predicts a cuddle alert

Match expects an even bigger boom in summer.

In view of the rapidly increasing vaccination numbers, we look forward to the next few months with great confidence, according to the letter to shareholders.

For the current quarter, the Tinder * mother announced sales of up to 690 million dollars.

This clearly exceeded the expectations of the analysts.

The share * rose after the hours of trading by over six percent.

Business had already gone well during the pandemic, but should improve thanks to increasing Corona * vaccinations and a return to a life with less social distance, wrote Match Group boss Dubey. “We are optimistic that the momentum will continue for the rest of the year.”