|[July 22, 2014]
MeetMe Announces Expected Second Quarter 2014 Results
NEW HOPE, Pa. --(Business Wire)--
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 publc 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 (News - Alert), 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 (News - Alert), 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.
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