PRESS RELEASE – July 18 – "With LOVOO Live now rolling out in Germany, we have completed the rollout of live video on all of our major apps," said Geoff Cook, CEO of The Meet Group. The Meet Group's annualized video revenue run rate now exceeds $35M based on June's results, up 20% in two months.
BUSINESSWIRE – June 13 – The Meet Group announced the release of live video on LOVOO, its leading European dating app, in Spain and Italy. "We are pleased to continue rolling out livestreaming video to the LOVOO audience, building on our previous launches in Austria, Switzerland, and France with this expansion to Spain and Italy," said Geoff Cook, CEO of The Meet Group. "We are progressing ahead of schedule, and we expect to bring Live to Germany, LOVOO's largest country, later this summer." Live lets users interact with one another by allowing them to broadcast from anywhere at any time.
BUSINESSWIRE – May 31 – Lovoo Live enables users to broadcast and view live-streaming video, invite others to join their streams, chat, and earn virtual gifts. The release of live video in France and Switzerland follows the launch of Live in Austria two weeks ago, where an average of 15% of users engaged with video on the first day. "What has been surprising is the rapid adoption of gifting on Lovoo," said Geoff Cook, CEO of The Meet Group. "On MeetMe, it took 6 months from the launch of gifts to reach 2% of viewers giving gifts. On LOVOO, we achieved that milestone in the first week."
BUSINESSWIRE – May 3 – Q1 total revenue was 37.6M, up 88% YOY. Mobile revenue was $30.7M, up 63% YOY. GAAP net loss was $4.2M. "Video revenue grew ~120% from Dec '17 to Mar '18, which we attribute to momentum on our MeetMe app, the launch of livestreaming monetization on Skout, and our focus on strengthening our livestreaming community and the quality of our livestreams. Our annualized video revenue run rate now exceeds $29M based on April's results, up 53% from February's run rate," said Geoff Cook, CEO of The Meet Group. The Average revenue per paying video user grow to $76 in March.
BUSINESSWIRE – Apr 9 – "We see momentum in video building," said Geoff Cook, CEO of The Meet Group. "We have begun the rollout of Tagged livestreaming on our shared video platform, and we expect to launch enhanced video monetization on Tagged next month. Additionally, we are ahead of schedule with our plans to bring live video to Lovoo, and we now expect to begin rolling out the feature in a phased approach starting in May." The number of monetizing users continues to increase on MeetMe and Skout. The number of paid gifters increased 36% in March over February. Gifters buy virtual gifts for livestreamers.
BUSINESS WIRE – Mar 20 – Geoff Cook, the CEO of The Meet Group, has been invited to speak at Princeton University's Keller Center for Innovation in Engineering Education and to keynote HackPrinceton, a weekend-long hack-a-thon event. Mr. Cook will talk about his journey through entrepreneurship to becoming a public tech company CEO on April 18, 2018, at 4:30 pm. Cook's presentation titled Growing a Startup and Going Public from New Hope PA is part of the Keller Center's Creative Minds and Leadership lecture series and is free and open to the public. Mr. Cook will also participate in the University event, HackPrinceton, which welcomes 600 developers and designers from across the country to create incredible software and hardware projects. He will keynote the festivities and join as a judge to help determine the winners of the 36-hour competition from March 30, 2018, to April 1, 2018.
BUSINESSWIRE – Mar 7 – Q4 Highlights: Total revenue $40.1M, up 37% YOY; mobile revenue $32M, up 15% YOY; net income $9.5M, compared to $12.4M in the prior year quarter. Full Year 2017 Highlights: Total revenue $123.8M, up 63% YOY; mobile revenue $97.8M, up 38% YOY; net income of $28.5M, compared to $26.9M in the prior year. "Video has arrived at The Meet Group," said CEO Geoff Cook. "While we only just began to monetize livestreaming video in Q4 of 2017, it's already a $19M annualized run rate business based on February's results, up 70% versus the fourth quarter average. We expect Q4 of 2018 to be the first quarter in our history in which we generate the majority of our revenue from user-pay, rather than advertising". The company has also appointed Jim Bugden as CFO. He was the long-time CFO of myYearbook (the predecessor of The Meet Group).
OPW – Feb 20 – Every year we take a look at who scored the most press summaries on Online Personals Watch. We look for top tier news and summarize what we think is most interesting to you, our audience of Internet dating industry leaders, app designers and marketers.
FORBES – Feb 14 – According to Ogury study, Sunday night is Grindr night in the U.K.; in the U.S., women appear to be swiping hard on MeetMe on Saturday, while men step up their MeetMe usage on Sunday. The only day of the week that both seem to be on the same page was Monday, with both hitting POF. Internationally, Thursday is the most popular day with 27 minutes and 32 seconds spent on dating apps across all tracked platforms. Most uninstalls of all dating apps happen on the first day. Grindr had the lowest first day delete rate. Women seemed to keep MeetMe around a bit longer, deleting that on the second day.
OPW – Feb 4 – If you missed iDate, you missed a great business conference. This was the best iDate Internet Dating Conference for a few years. Marc pulled together a great line up of speakers and show. Meetme's co-founder Catherine Cook gave an amazing talk to demystify video in the Internet dating context. Amanda Bradford gave an awesome talk on the future of Internet dating. Super impressed with both of these talks. We had the COO of Spark, a super-affiliate, an OKCupid data scientist, a gay dating expert, an A.I. guru… Anyway, check out my little vlogs of the event.
Day 1
Day 2
The next iDate is in Los Angeles in early June. This is the Mobile Dating Conference, so is focused on mobile dating apps. Beyond that, this particular conference will focus of the emergence and applications of Artificial Intelligence in Internet dating. Who's doing it, and what we could do in the future to use A.I. to vastly improve our services and value. Hope to see you there. 😉