PRESS RELEASE – Mar 8 – MeetMe reported $46.7M in revenue in 2012, which represents a 31% increase over the $35.6M of Combined Revenue of Quepasa and myYearbook during the same period of 2011. Q4 Revenue totaled $11.6M, which represents a 23% increase over the $9.5M of Combined Revenue of Quepasa and myYearbook during the same period of 2011. Mobile revenue grew 25% sequentially to $2.2M in the Q4 2012 and 355% compared to the same period of 2011 and 355% compared to the same period of 2011. “This year was foundational for the company,” said John Abbott, CEO of MeetMe. “We look to continue mobile revenue growth in 2013 through a combination of a new mobile subscription product, MeetMe+, and new premium advertising placements in our mobile feed." MeetMe averaged 5.51M monthly active users (MAUs) on the core MeetMe platform in the Q4 2012, an YOY increase of 85%.
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