Category: The Meet Group

The Meet Group: Live Streaming Can Ease Loneliness

Posted on December 12, 2018

Themetgroup logoDOWNLOAD – Dec 11 – In a recent study, Cigna, the health insurance provider, concluded that loneliness is an epidemic afflicting most Americans, but that Generation Z (18-22) and Millennials (23-37) suffer from feelings of disconnection the most. The study also found that those who engaged in frequent meaningful interactions were less lonely and those who did it daily felt even less isolated. The Meet Group, which owns social dating apps MeetMe, Skout, Tagged and LOVOO, was curious to see if the Live video chat component of its MeetMe app could make its users feel more connected. The company sent out a survey to MeetMe users, and of the 6K respondents, 70% reported that using the Live video feature very often made them feel less lonely. On average, as of Q3 2018, the platform had 117K broadcasters each day with an average of ~25M minutes spent in video daily in October.

by Joshua Rotter
See full article at Download

See all posts on The Meet Group

Subscribe to OPW + Join IDEA + Engage CB

The Meet Group to Raise $10K for Action Against Hunger

Posted on November 15, 2018

Actionagainsthunger logoPRESS RELEASE – Nov 15 – The Meet Group's members (MeetMe, Skout and Tagged) have been successful in raising $10K for Alex's Lemonade Stand in September and $10K for Ryan's Well Foundation in August. This month, the Meet Group is partnering with Action Against Hunger. The campaign is set to launch today (Nov 15) to raise an additional $10K to fight global hunger. The company will offer a limited edition virtual gift in its MeetMe, Skout, and Tagged mobile apps. For every gift sent to broadcasters, The Meet Group will donate $0.25. Action Against Hunger has led the global fight against hunger for ~40 years. The organization is committed to doubling the number of children who receive urgent hunger care, from 3M to 6M by 2020.

See full article at The Meet Group website

See all posts on The Meet Group

Summarized by the IDEA team

The Meet Group Q3 Financial Results

Posted on November 7, 2018

Themetgroup logoPRESS RELEASE – Nov 7 – Total revenue was $45.7M, up 42% YOY. Net income was ~$1.3M, compared to $2.2M last year. "We continue to grow video revenue across all of our apps," said CEO Geoff Cook. "In one year, we have increased the annualized video revenue run rate from virtually zero to $55M for the month of October. Traffic in the quarter was also strong. We grew mobile daily active users 3% sequentially to 4.3M and mobile monthly active users 7% sequentially to 14.6M."

See full article at The Meet Group website

See all posts on The Meet Group

Summarized by the IDEA team

900,000 Reasons To Notice The Meet Group

Posted on October 30, 2018

Themetgroup logoTHE MOTLEY FOOL – Oct 30 – The Meet Group has a hot live-streaming platform and momentum for its established and acquired social discovery and online dating apps. Its stock is trading 46% higher in 2018. The difference maker at The Meet Group is a video business that didn't even exist a year ago. Earlier this month, The Meet Group revealed that it attracted a daily average of 900K users in Sep to its live-streaming offering, and on a typical day 125K users are broadcasting live video content. Revenue from the platform is now running at an annualized clip of $48M, up from a $42M pace back in August. The Meet Group wasn't generating any revenue in this niche a year ago. Analysts are gradually starting to notice its performance. Darren Aftahi at Roth Capital boosted his price target on the shares to $6.75 earlier this month.

by Rick Munarriz
See full article at The Motley Fool

See all posts on The Meet Group

Summarized by the IDEA team

The Meet Group Announces New Livestreaming Video Milestones

Posted on October 8, 2018

Themetgroup logoBUSINESS WIRE – Oct 5 – The Meet Group annualized video revenue run-rate now exceeds $48M. Video daily active users averages ~900K, up 20% from July 2017. Total daily time spent in video exceeded 25M minutes.

See full article at Businesswire

See all posts on The Meet Group

Summarized by the IDEA team

Check Out The Meet Group’s New Podcast, Stream Wars

Posted on September 26, 2018

The meet group stream warsITUNES – Sep 25 – This bi-weekly podcast will explore everything there is to know about the global live streaming industry. Stream Wars will feature interviews with top streamers who share their tips and tricks for hosting a popular stream, what motivates them to stream, and how streaming has impacted their lives. We'll also talk to engineers and product developers to learn what it takes to build a popular live streaming platform.

See all posts on The Meet Group

Summarized by the IDEA team

The Meet Group Joins Alex’s Lemonade Stand Foundation To Help Children Fight Cancer

Posted on September 11, 2018

ALS+TMGPRESS RELEASE – Sep 7 – The Meet Group is partnering with Alex’s Lemonade Stand Foundation (ALSF) by releasing a special edition virtual gift to users on its MeetMe, Skout and Tagged mobile apps. ALSF is a national childhood cancer foundation dedicated to helping children with cancer. Founded in 2005, ALSF was started by Jay and Liz Scott. After the passing of their daughter, the Scotts vowed to raise money to help doctors find a cure. The Meet Group plans to make a donation for every Alex’s Lemonade gift sent in the apps up to $10K to ALSF. The limited edition gift will be available from September 7 through September 21.

See full article at The Meet Group

See all posts on The Meet Group

Summarized by the IDEA team

Fascinating Interview With Geoff Cook, CEO Of Meet Group

Posted on September 3, 2018

OPW INTERVIEW – Sep 3 – Meet Group has acquired Skout, Tagged and Lovoo, and has added video, in similar fashion to Momo, in the last year. Fascinating! I asked Geoff how the integrations are coming together, and monetizing.

Meet Group is ahead of schedule for enabling video, and are finding that audiences across their various geographic markets are very similar in terms of their behavior around video. Livestreaming really fits the dating context well, and actually helps solves a particular core problem with Internet dating. Many males and females are left out with Internet dating apps. They come to a dating platform to feel less lonely, and end up feeling more lonely. However, on Meet Group dating services, “livestreaming video enables them to replace feelings of loneliness with feelings of entertainment where they can actually engage with the broadcaster.” But its not all about entertainment. 56% of video users report that they meet in real life.

“Video monetizes extraordinarily well.” Meet Group went from zero revenue from ‘gifts’ to video broadcasters to a $37 million run-rate business from video gifts by July 2018. This is mainly from MeetMe and Skout. Meanwhile, Lovoo has been experimenting with bitcoin, but this is very fledgling and not a huge contributor to revenues yet.

See all posts on Meet Group

Post by Mark Brooks, CEO IDEA

Meet Group’s Link-up Site Veers Into Live Streaming Video And Sees Its Stock Jump

Posted on August 27, 2018

Themetgroup logoPHILLY.COM – Aug 25 – Meet Group is like China's Momo, with its live streaming video chat. Live streaming on its Quick app now attracts ~850K of its 4M paid and premium-feature free users daily. Those subscription and "gift" payments account for a quarter of Meet Group's revenues. By the end of the year, Meet Group plans to offer a new video product, Battle, that will enable two or more competing performers to register paid gifts as signs of favor from viewers, a kind of interactive mobile America's Got Talent. Last year, Meet Group bought Germany-based Lovoo, a five-year-old, mostly European dating app funded by subscriptions, purchases and ads, for $70M in cash, plus up to $5M in sales bonuses. That purchase boosted Meet Group sales by $32M. In 2016, Meet acquired IfWe for $60M and Skout for $52M. In 2011 it merged with Quepasa, a Latin America-focused, publicly traded social-media company.

by Joseph N. DiStefano
See full article at Philly.com

See all posts on The Meet Group

Summarized by the IDEA team

The Meet Group Launches Quick One-on-One Livestreaming

Posted on August 22, 2018

Themeetgroup quickBUSINESSWIRE – Aug 21 – The Meet Group has launched Quick, its new one-on-one live video chat feature, to users of its MeetMe mobile app in the US. The Meet Group's video monetization now exceeds $42M a year. With Quick, users can either choose to match with another user for free or choose to be matched with users of a specific gender for a fee. In addition, similar to one-to-many livestreaming, users can give virtual gifts in Quick, which they may do to show interest to the broadcaster, break the ice or start a conversation.

See full article at Businesswire

See all posts on The Meet Group

Summarized by the IDEA team