SEEKING ALPHA – Oct 13 – The Meet Group is performing quite well with rampant video revenue growth and good cash flow generation. Some investors who are familiar with Chinese live streaming companies like YY and Momo might not be aware that there is a market in the US as well. The Meet Group business model is quite similar to Momo, with streaming and dating as its core business. Revenue streams come from ads, subscriptions and video gifting. The growth is coming from new users, live video, new products, acquisition and increased usage. The new products are: One-to-one video, Dating game (expected to be launched on MeetMe this month) and Video platform as a service. The upcoming dating game allows users to be the star in their own dating show. It contains one-on-one video, and it is monetized through gift giving. The management expects a 20% increase in vDAU in the first few months after launching, and it expects that it will go viral at least to some extent.
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