BUSINESSWIRE – Dec 19 – Revenue to be at or above the high end of its prior outlook of $36.5M to $38M; and adjusted EBITDA to be near or above the high end of its prior outlook of $7.5M to $9.5M. The full year revenue is expected to be $121.6M. "We are pleased to deliver strong preliminary results for the fourth quarter," said Geoff Cook, CEO of The Meet Group. "While still a small component of total revenue, monetization of our video product has been accelerating. In the past five weeks, average revenue per daily active user for MeetMe Live users in the US doubled to 20 cents, up from 10 cents just five weeks ago. We believe this has been largely driven by the initial success of our new video gifting product on our MeetMe app."
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Summarized by the Courtland Brooks team