15 Free Dating Sites for Serious Relationships

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In this article, we will be taking a look at 15 free dating sites for serious relationships. If you want to skip our detailed analysis of the online dating industry, then head straight to 5 Free Dating Sites for Serious Relationships.

In today's world of ever-busier, career-focused lifestyles, more people are resorting to online dating to find suitable partners. Moreover, the internet is increasingly enabling people to connect and establish long-term serious relationships with complete strangers on free dating sites.

Dating Industry: An Overview

Meanwhile, according to a report by Market.Us, the online dating market was valued at $10.1 billion in 2022. The market is anticipated to expand at a compound annual growth rate of 9.2% from 2022 to 2032, reaching a value of $23.8 billion at the conclusion of the predicted period. Increased internet penetration, the rise of smartphone usage, and changing cultural attitudes toward online dating are the key factors influencing the market's expansion. With a market share of 42.3%, Asia Pacific dominated the global online dating market, per the report.

Similarly, another report by Grand View Research, a market research and consulting firm, estimates that the global online dating market was valued at $9.65 billion in 2022 and is projected to grow at a compound annual growth rate of 7.4% from 2023 through 2030. The primary factors propelling this growth are the rising popularity of dating apps like Tinder, Bumble, and others, as well as the ease with which online dating is becoming more and more accessible to increasing number of singles around the world who are seeking partners who share their interests. Additionally, the report states that in 2022, the age bracket of 18 to 25 years accounted for 36% of all revenue, followed by that of 26 to 34 years.

Match Group, Inc. (NASDAQ:MTCH) and Bumble Inc. (NASDAQ:BMBL) are among the major companies in the worldwide online dating sector.

Match Group, Inc. (NASDAQ:MTCH), with a portfolio of brands which includes Tinder, Hinge, Match, Meetic, OkCupid, Plenty Of Fish, Azar, and Hakuna among others, is a provider of dating products. On August 1, Match Group, Inc. (NASDAQ:MTCH) posted earnings for the second quarter of 2023, reporting a GAAP EPS of $0.48, beating market estimates by $0.03. The revenue over the period was $829.55 million, up 4.4% compared to the revenue over the same period last year.

Here are some of the comments from Match Group, Inc. (NASDAQ:MTCH)’s Q2 2023 Earnings Call:

“We are excited about the future of Tinder and we believe we’re just getting started. Hinge continues to fire on all cylinders, leading to exceptional user and revenue growth. Hinge is now a top three most downloaded dating app in 14 countries. And while we’re driving new users and growing as expected, we’re also taking the learnings from our other brands and applying them at Hinge to maximize growth. Our businesses in Asia are solidly course correcting now. Azar’s revenue momentum has been driven by their new AI-enabled matching algorithm, and Hakuna is in the midst of a pivot to deliver a better experience for content creators and audiences, which we believe will lead to increased engagement for users.”