Company Announces Third Quarter 2017 Earnings
Conference Call
The Meet Group, Inc. (NASDAQ: MEET), a public market leader in
the mobile meeting space, has completed its acquisition of Lovoo
GmbH. The LOVOO app is the most downloaded dating app in Germany,
Switzerland, and Austria combined.
This press release features multimedia. View
the full release here:
http://www.businesswire.com/news/home/20171019006572/en/
The Meet Group anticipates this purchase will continue the
momentum of its mission to meet the universal need for human
connection through innovating, acquiring, and building the largest
mobile portfolio of brands for meeting new people.
The acquisition is expected to expand The Meet Group’s global
footprint, increase the company’s scale and profitability, and
diversify its business model by adding expertise in subscription
and in-app purchasing.
“LOVOO is our third strategic acquisition in the last 12 months,
and we’re looking forward to advancing our combined company’s
growth,” said Geoff Cook, CEO of The Meet Group. “We plan to
continue to focus on innovating products that increase engagement
across our entire portfolio of brands, including livestreaming
video and in-app gifting. LOVOO’s sizable European audience and
subscription focus give us greater revenue and geographic
diversification, and we’re excited to add them to the
portfolio.”
In connection with the closing of the acquisition, The Meet
Group granted restricted stock awards representing an aggregate of
534,500 shares of common stock to 97 Lovoo employees as an
inducement material to their employment. Each restricted stock
award vests one-third each year during a three-year vesting period.
Vesting is subject to continued employment. The grants were
approved by the company’s Board of Directors, including a majority
of its independent directors, and were made in accordance with
NASDAQ Listing Rule 5635(c)(4).
Earnings Conference Call and Audio Webcast
Notification
The Meet Group will host a conference call on Wednesday,
November 1, 2017 at 8:30 a.m. ET to discuss details and answer
questions about the company’s financial results for the third
quarter ended September 30, 2017.
The Meet Group’s financial results will be issued in a press
release before the market open on November 1 and prior to the call,
which will be hosted by The Meet Group's Chief Executive Officer,
Geoff Cook, and Chief Financial Officer, David Clark.
What: The Meet Group third quarter 2017
financial results conference call
When: Wednesday,
November 1, at 8:30 a.m. Eastern Time (5:30 a.m. PT)
Dial
In Number: 800-441-0022 (US and Canada) 719-457-2627
(International) Participant passcode: 9957559
Webcast:
To access the live and replay webcast,
please visit the investor relations section of The Meet Group’s
investor website at http://www.themeetgroup.com.
Call Replay:
A phone replay of the call will be
available approximately two hours following the end of the call
until 11:30 a.m. ET on Wednesday, November 8, 2017. To access the
replay dial-in information, please click here.
About The Meet Group
The Meet Group (NASDAQ: MEET) is a fast-growing portfolio of
mobile apps designed to meet the universal need for human
connection. Our apps – currently MeetMe®, LOVOO®, Skout®, Tagged®,
and Hi5® – let users in more than 100 countries chat, share photos,
stream live video, and discuss topics of interest, and are
available on iPhone, iPad, and Android in
multiple languages. Using innovative products and
sophisticated data science, The Meet Group keeps its over 4.5
million mobile daily active users engaged and originates untold
numbers of casual chats, friendships, dates, and
marriages. The Meet Group offers advertisers the opportunity
to reach customers on a global scale and has leading mobile
monetization strategies, including advertising, in-app purchases,
and subscription products. The Meet Group has offices in New Hope,
San Francisco, Dresden, and Berlin. For more information,
visit themeetgroup.com, and follow us on Facebook,
Twitter or LinkedIn.
Forward-Looking Statements
Certain statements in this press release are forward-looking
statements within the meaning of the Private Securities Litigation
Reform Act of 1995, including whether the acquisition of LOVOO will
continue the momentum of our mission to meet the universal need for
human connection through innovating, acquiring, and building the
largest mobile portfolio of brands for meeting new people, whether
the acquisition will expand our global footprint, increase our
scale and profitability, and diversify our business model by adding
expertise in subscription and in-app purchasing, whether the
acquisition will advance our combined company’s growth, whether we
will continue to focus on innovating products that increase
engagement across our entire portfolio of brands, including
livestreaming video and in-app gifting, and whether LOVOO’s sizable
European audience and subscription focus will give us greater
revenue and geographic diversification. All statements other than
statements of historical facts contained herein are forward-looking
statements. The words “believe,” “may,” “estimate,” “continue,”
“anticipate,” “intend,” “should,” “plan,” “could,” “target,”
“potential,” “project,” “is likely,” “expect” and similar
expressions, as they relate to us, are intended to identify
forward-looking statements. We have based these forward-looking
statements largely on our current expectations and projections
about future events and financial trends that we believe may affect
our financial condition, results of operations, business strategy
and financial needs. Important factors that could cause actual
results to differ from those in the forward-looking statements
include the risk that our applications will not function easily or
otherwise as anticipated, the risk that we will not launch
additional features and upgrades as anticipated, the risk that
unanticipated events affect the functionality of our applications
with popular mobile operating systems, any changes in such
operating systems that degrade our mobile applications’
functionality and other unexpected issues which could adversely
affect usage on mobile devices. Further information on our risk
factors is contained in our filings with the Securities and
Exchange Commission (“SEC”), including the Form 10-K for the year
ended December 31, 2016 filed with the SEC on March 9, 2017, our
Quarterly Report on Form 10-Q for the quarter ended March 31, 2017
filed with the SEC on May 10, 2017, and the Form 8-K filed with the
SEC on September 20, 2017. Any forward-looking statement made by us
herein speaks only as of the date on which it is made. Factors or
events that could cause our actual results to differ may emerge
from time to time, and it is not possible for us to predict all of
them. We undertake no obligation to publicly update any
forward-looking statement, whether as a result of new information,
future developments or otherwise, except as may be required by
law.
View source
version on businesswire.com: http://www.businesswire.com/news/home/20171019006572/en/
The Meet Group, Inc.Brandyn Bissinger,
267-446-7010bbissinger@themeetgroup.comorInvestor
Contact:The Blueshirt GroupAllise Furlani or Brinlea
Johnson212-331-8433IR@Themeetgroup.com
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