THE STREET – Aug 1 – MeetMe stock jumped ~16% to $7.43 after the online dating company posted stronger-than-anticipated Q2 results. Revenue climbed 48% to $16.4M from last year and was above Wall Street's projections of $15.27M. Mobile revenue rose 82% to $15.1M YOY. "Our mobile traffic is at an all-time high," CEO Geoff Cook said in a statement. Mobile daily active users increased 15% to 1.22M and mobile monthly active users jumped 32% to 4.84M YOY. For Q3, MeetMe forecasts revenue between $17M and $17.5M. The company expects its recent Skout acquisition to close in October.
by Kaya Yurieff
See full article at The Street
Summarized by the Courtland Brooks team