BUSINESSWIRE – Apr 3 – MeetMe, a public social discovery service, is launching beta version of its Live video feature. Live allows users to broadcast themselves, watch other users' broadcasts, and chat in real time. The feature is currently available to MeetMe’s beta community, and the company plans to begin to roll out to more users on MeetMe over the coming weeks. After the initial rollout is complete, MeetMe will launch new freemium products within the video streams to monetize the product and encourage its users to produce high-quality content. Live will also be available on Skout mobile app in the second half of the year.
Category: MeetMe
MeetMe: That Hurts
SEEKING ALPHA – Mar 10 – MeetMe stock exploded to $6 when the company delivered its Q4. But the stock fell quickly. Here is why… MeetMe is doing an underwritten public offering of 8M shares of its common stock at a public offering price of $5.00 per share. This was a 16% discount to where shares were trading before the announcement. The company effectively by proceeding with this price point shaved 16% of its market cap with a single press release. They need to ensure there are buyers so that way there is maximum cash raised. At this discount it is assured. This is a real hit to shareholders, especially those who bought the momentum this week. Bottom line here is that MeetMe continues to be a winner, but this is an unfortunate short-term slap to the face. No one holding a stock wants to see all of their gains given back in a day.
MeetMe Announces Proposed Public Offering Of Common Stock
BUSINESSWIRE – Mar 9 – MeetMe, a public market leader for social discovery, will offer shares of its common stock in an underwritten public offering. The company intends to use the net proceeds from the offering for working capital and other purposes, including potentially to fund a portion of the pending if(we) acquisition, and other future acquisitions.
MeetMe’s Full Year Financial Results: Revenue Up 34%, Net Income Up 204%
BUSINESSWIRE – Mar 7 – Total revenue was $76.1M, up 34% YOY. Mobile revenue was $70.7M, up 56% YOY. Net income was $18.2M, up 204% YOY. The addition of if(we)'s Tagged and hi5 brands into MeetMe portfolio is expected to increase their monthly active users to ~10M.
MeetMe Acquires If(we), Parent Company Of Tagged And Hi5
TECH CRUNCH – Mar 7 – The deal is worth $60M in cash, partially funded by a $30M loan from JP Morgan. Tagged and Hi5 will both remain their own distinct brands. If(we) reported $44M revenue in 2016, with 56% coming from mobile and claimed to have 5.4M MAU, with 18k new users coming every day. The company managed to raise $28.7M. After the merger, the combined company will have 10.6M MAU and nearly 1.1M DAU. MeetMe expects If(we) to add $9M to its earnings over the next 12 months.
by Josh Constine
See full article at Tech Crunch
See all posts on MeetMe
See all posts on Tagged / if(we)
This post also appears on InternetDatingInvestments.
MeetMe Appoints Chris Fralic To Board Of Directors
STREET INSIDER – Mar 2 – Chris Fralic, a technology industry veteran and partner at First Round Capital, joins MeetMe as the company's board of directors. Fralic brings ~30 years of technology industry experience from several significant Internet business development roles, including First Round, del.icio.us and Half.com. Fralic has also helped to launch TEDTalks.
The full article was originally published at Street Insider, but is no longer available.
MeetMe Launches Cross-Platform Chat Between Skout & MeetMe
BUSINESSWIRE – Feb 22 – Users of MeetMe and Skout will be able to browse the combined user bases, view profiles and photos from both apps, and chat between the two platforms. MeetMe intends to complete the rollout across its mobile apps over the next month.
See full article at BusinessWire
2 Key Metrics MeetMe’s Investors Should Focus On
THE MOTLEY FOOL – Feb 10 – Investors considering MeetMe stock should watch: monthly active users (MAUs) and average revenue per user (ARPU). MeetMe will need to continue growing both to stay relevant against its competitors. 8M MAUS (after Skout's acquisiton) is a respectable amount for the size of the company, which has ~200 employees. The thing investors really need to watch, though, is whether or not the company can significantly grow MAUs without acquisitions. In the Q2 and Q3 2016, MeetMe was able to increase its MAUs by 32%. Investors should keep a close eye on the Q4 report due out in March to see if the company is able to keep up this pace. MeetMe also needs to make money from each user. In Q3, ARPU grew to $3.19, a modest increase of 5% YOY. MeetMe serves up ads in its app and says that its advertising cost-per-thousand (CPM) increased 47% YOY in Q3. Meetme also intends to launch in-app purchases for its upcoming live video streams from within the MeetMe app.
Top iOS Dating Apps Are Exposing Users Personal Life To Hackers
by Matt Burgess
See full article at Wired.co.uk
See all posts on MeetMe
See all posts on Happn
See all posts at AnastasiaDate
MeetMe CEO To Keynote At iDate Miami
BUSINESSWIRE – Jan 10 – Geoff Cook, CEO of MeetMe, the public market leader for social discovery, will be keynoting at the iDate (Internet dating conference), taking place this month in Miami. He will talk about current trends with the online dating business and publicly traded stocks. For more information about the conference and to register, please visit the website http://date2017.com.
See full article at BusinessWire
Mark Brooks: I interviewed Geoff Cook about the Skout acquisition in August 2016, and about mobile chat in 2014, and about their release of the Charm dating app in 2013, and initially about Meetme in January 2013. If you were on the fence about attending, perhaps you should reconsider attending now. Geoff Cook (see Linkedin bio) has been with myYearbook/Meetme for 12 years and is one of the great voices of influence and experience in our little dating and matchmaking industry. He's done plenty of rounds of experimentation and is now head of a profitable, fast-growth public company. In January Meetme stock was at $1.42. Now it stands at $5. The financial market is upvoting Meetme. It's not too late to book iDate…and hey, it's nice and warm in Miami right now. 😉