Tinder to continue increasing ad spend, shifts focus toward Gen-Z women (Score 68)
Sales lead: Reach out now to score some of these extra ad dollars.
- Tinder's DMs revealed some details regarding its marketing plans in the Q2 2023 Match Group earnings report.
- It will continue ramping up ad spend due to the success of the campaign we told you about earlier this year.
- It also plans on making the app more appealing and fun for a younger audience.
- The dating app is working on reaching women more effectively as well.
Target demographic: Gen-Z with a female skew
The company will likely:
- Try new channels such as TikTok to reach Gen-Z women
- Keep increasing ad spend
- Partner with celebrity/social influencers
Digital and social insights (digital ad spend, effectiveness, impressions, and performance)
- YTD spend: Tinder spent nearly $9.2m on digital display ads YTD, a huge increase from $563.7k spent in this channel during the same time period of 2022.
- YTD data: 885.5m impressions via YouTube (61%) and Instagram (39%).
- 2021-2022 spend: Full-year spend equaled $1.8m in 2021 and $1.5m in 2022.
- Ad location: It placed 100% of these ads directly onto youtube.com and instagram.com.
Additional channel insights
- Top podcasts sponsored: The Bert Show, The Kyle & Jackie O Show, Slate Culture, The Flop House, and The David McWilliams Podcast.
Agency analysis:
- Opportunity: Get in touch if you can help Tinder reach Gen-Z women more effectively.
- Current roster:
- VaynerMedia: media AOR
- Mischief @ No Fixed Address: creative AOR
Insight Sources: Digital spend insights estimated by Pathmatics; podcast data estimated by Podchaser.