MeetMe Announces Expected Second Quarter 2014 Results
July 22 2014 - 5:38PM
Business Wire
MeetMe, Inc. (NASDAQ: MEET), the public market leader for social
discovery, today announced that its second quarter revenue is
estimated to be $10.7 million, an increase of 12% as compared to
$9.5 million for its second fiscal quarter ended June 30, 2013. The
estimated increase in revenue compared to the corresponding period
in 2013 is primarily due to increased mobile revenue. Mobile
revenue is estimated to be $5.6 million, an increase of 114% as
compared to $2.6 million for its second fiscal quarter ended June
30, 2013. The estimated increase in mobile revenue compared to the
corresponding period in 2013 is primarily due to higher advertising
revenue.
Average mobile daily active users (DAU) for the month ended June
30, 2014 is expected to be 863,781, an increase of 12% as compared
to average mobile DAU of 772,203 for the quarter ended March 31,
2014.
MeetMe expects to announce full second quarter 2014 results in
early August at which point it will also furnish all additional
revenue and profitability related metrics.
About MeetMe, Inc.
MeetMe® is the leading social network for meeting new people in
the US and the public market leader for social discovery (NASDAQ:
MEET). MeetMe makes meeting new people fun through social games and
apps, monetized by both advertising and virtual currency. With 75
percent of traffic coming from mobile, MeetMe is fast becoming the
social gathering place for the mobile generation. The Company
operates MeetMe.com and MeetMe apps on iPhone, iPad, and Android in
multiple languages including English, Spanish, Portuguese, French,
Italian, German, Chinese (Traditional and Simplified), Russian,
Japanese, Dutch, Turkish and Korean. For more information, please
visit www.meetmecorp.com.
Cautionary Note Concerning 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 statements regarding expected revenue,
including expected mobile and advertising revenue, and expected
daily active users (DAU). All statements other than statements of
historical facts contained herein, including statements regarding
the continued growth in our core platform, are forward-looking
statements. The words “believe,” “may,” “estimate,” “continue,”
“anticipate,” “intend,” “should,” “plan,” “could,” “target,”
“potential,” “is likely,” “will,” “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
include the success of our advertising initiatives and mobile
strategy, the impact of our new initiatives on revenue growth, and
the size and engagement of our user base, and unforeseen technical
or other problems or issues that could affect the performance of
our products or our business. Further information on our risk
factors is contained in our filings with the SEC, including the
Form 10-K for the year ended December 31, 2013. 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.
MKR Group Inc.Todd Kehrli, (323) 468-2300meet@mkr-group.com
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