PRESS RELEASE – Nov 11 – Here are MeetMe's Q3 financial highlights:
- Total revenue increased 20% YOY to $17.2M
- Mobile revenue is up 39% ($16M)
- Net income increased 316% YOY to $4.4M
Geoff Cook, CEO of MeetMe, stated, "MeetMe's mobile daily active users for the quarter increased 18% YOY while our mobile monthly active users increased 32%. We've completed our acquisition of Skout and have begun executing against our integration plan. Combined with Skout, MeetMe now has ~8M MAU and one of the largest mobile user bases of millennials."
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Summarized by the Courtland Brooks team