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Dating apps shift to friendship as user fatigue leads to major declines

Dating apps shift to friendship as user fatigue leads to major declines

Bumble launched Bumble For Friends, which gained 730,000 monthly active users within a year

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Phil Siarri
Nov 14, 2024
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The PhilaVerse
The PhilaVerse
Dating apps shift to friendship as user fatigue leads to major declines
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Image credit: Microsoft Copilot and Canva

As dating app fatigue sets in, major players like Bumble and Match Group are shifting focus to attract users seeking friendships rather than romance.

Here are a few key points:

  • Bumble launched Bumble For Friends, which gained 730,000 monthly active users within a year, and acquired the Geneva app for interest-based group connections.

  • Match introduced Yuzu for the Asian-American community in the U.S., allowing users to select friendly or romantic encounters, and is testing a friendship feature on DisonsDemain, its app for older adults in France.

  • Despite these moves, dating apps have seen significant user declines—Bumble’s dating platform lost 8% of monthly users, while Tinder, targeting young adults, saw a 16% drop.

  • This "app fatigue" has led to large financial losses: Match Group’s valuation has dropped by over $40 billion, and Bumble’s by billions since its 2021 IPO.

  • Friendship-oriented apps face stiff competition, with platforms like WeRoad and TripBFF for travelers, and France’s Timeleft, which organizes personality-based dinners.

  • However, some industry experts doubt the longevity of friendship apps, suggesting that joining local activities may be a more sustainable way to make friends.

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