Tinder Valued At $3bn According To Forbes Report

New reports suggest that Tinder is currently valued at almost $3bn.

Sources close to the company told Forbes the valuation came from an internal equity transaction from earlier this year.

The event was referenced in Match Group’s Q2 results, the company saying it had held a “scheduled liquidity event” where any outstanding equity held in Tinder by current and former employees was converted into Match Group options.

The company said the conversion to Match Group options was executed based on a Tinder valuation determined by two investment banks.

In its Q2 investor presentation, Match Group said this meant that the Tinder equity plan was terminated, and Match Group “continues to own 100% of Tinder”.

And Forbes’ Steven Bertoni, who has broken big stories about Tinder in the past, recently wrote that the Tinder options were converted into options in the Match Group “worth roughly $1 billion”.

The journalist said that according to sources close to the deal, the transaction “values Tinder at around $3 billion”.

As he points out, this would value Tinder at more than 60% of Match Group’s $4.8bn market cap.

This week, Tinder became the number one top-grossing app on the US App Store, sitting above companies like TIDAL, Netflix, Candy Crush Saga, Pandora, HBO Now and YouTube.

The incredible achievement happened as Tinder rolls out its new subscription tier Tinder Gold around the world.

Read more about the milestone here.