OPW – Mar 10 – The Meet Group has released its financial results last week. The 2017 revenue was ~125M, up 63% YOY with net income of $28.5M. In the most recent earning call, the group's CEO Geoff Cook announced a layoffs and other cuts to save $7M annually.
Other highlights from the call:
- focus on enabling video on all platforms
- launch of new live streaming game called Battles
- launch of one-on-one video chats on Meetme and Skout
- continued transition from ad revenue to user pay revenue
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