MeetMe Achieves New Mobile DAU Milestone
09 January 2015 - 1:00AM
Business Wire
MeetMe, Inc. (NASDAQ: MEET), the public market leader for social
discovery, announced today that earlier this week it surpassed 1.1
million mobile daily active users (DAU) for the first time
ever.
“It’s fantastic to achieve another all-time high in mobile
traffic,” said Geoff Cook, CEO of MeetMe. “We have been
successfully reengaging our existing users while continuing to sign
up more than 30,000 new users a day on our mobile apps. Since
January 1, we have averaged more than 21 million user-to-user chats
per day and set new single-day records for chats sent. We are
excited by the strength of our product pipeline as we continue to
build the preeminent mobile chat app for connecting with new
people.”
As announced last week, the company expects annual revenue
to grow to between $47 million and $53 million for the year and
projects annual adjusted EBITDA to grow to between $7 million and
$10 million in 2015.
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 it easy to discover new people to chat with on
mobile devices. With approximately 80 percent of traffic coming
from mobile and more than one million total daily active users,
MeetMe is fast becoming the social gathering place for the mobile
generation. The company is a leader in mobile monetization with a
diverse revenue model comprising advertising, native advertising,
virtual currency, and subscription. MeetMe apps are available 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 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 whether DAU will increase in the
future, whether we will continue to reengage our users, the rate at
which we will sign-up new users in the future, the number of
user-to-user chats we will achieve in the future, whether we will
continue to set records for chats sent, the strength of our product
pipeline, whether we will successfully build the pre-eminent mobile
chat app for connecting with new people, and whether our 2015
annual revenue and adjusted EBITDA will grow as anticipated to the
respective amounts projected. 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, 2013, the Prospectus Supplement (Rule 424(b)(5))
filed on July 24, 2014,and the Current Report on Form 8-K filed on
December 29, 2014. 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.
Press:Fresh PRJeannine Jacobi,
323-903-7063jeannine@freshpr.netorInvestors:MKR Group
Inc.Todd Kehrli, 323-468-2300meet@mkr-group.com
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