MeetMe Announces Improved Second Quarter 2015 Guidance


Inc. (NASDAQ: MEET), a public market leader for social discovery, today
announced it increased its revenue and adjusted EBITDA guidance for its
second quarter ending June 30, 2015 based on progress it has made in
successfully transitioning management of its advertising inventory
in-house earlier this month.

Geoff Cook, Chief Executive Officer of MeetMe, stated, “Since resuming
management of our advertising inventory, we have experienced stronger
rates than we originally anticipated. Our daily mobile app advertising
revenue in the first three weeks of June has increased 23% versus the
May average, and in the seven days ending June 21st, we have experienced
53% higher daily mobile app advertising revenue than the May average. We
continue to enhance and improve our current ad inventory and look
forward to testing full-screen mobile video ad units in July.”

David Clark, Chief Financial Officer of MeetMe, added, “We now expect
second quarter revenue to be between $10.5 million and $10.7 million,
above our previously revised guidance of $9.0 million to $9.5 million.
Adjusted EBITDA for the second quarter is expected to be between $1.5
million and $2.0 million, compared to our previously provided revised
guidance of adjusted EBITDA in the range of $250,000 to $750,000. All
guidance amounts are subject to change based on our determination of the
collectability of all amounts owed to us by Beanstock Media, Inc.
Beanstock represents approximately $5.8 million in accounts receivable,
of which approximately $2.25 million is overdue. We believe none of
these amounts is in dispute.”

MeetMe expects to announce full second quarter 2015 results in early
August at which point it expects to also furnish additional revenue and
profitability related metrics and updated annual guidance for 2015.

About MeetMe, Inc.

is the leading social network for meeting new people in the US and the
public market leader for social discovery (NASDAQ: MEET). MeetMe makes
it easy to discover new people to chat with on mobile devices. With
approximately 80 percent of traffic coming from mobile and more than one
million total daily active users, MeetMe is fast becoming the social
gathering place for the mobile generation. The company is a leader in
mobile monetization with a diverse revenue model comprising advertising,
native advertising, virtual currency, and subscription. MeetMe apps are
available on iPhone, iPad, Android and Windows Phone in multiple
languages, including English, Spanish, Portuguese, French, Italian,
German, Chinese (Traditional and Simplified), Russian, Japanese, Dutch,
Turkish and Korean. For more information, please visit

Forward-Looking Statements

Certain statements in this press release are forward-looking statements
within the meaning of the Private Securities Litigation Reform Act of
1995, whether our EBITDA will continue to grow, whether we will continue
to experience stronger rates than originally anticipated, whether our
mobile app advertising revenue will continue to increase and if so at
what rates, whether we will continue to enhance and improve our current
ad inventory, whether we will test full-screen mobile video ad units in
July, whether our second quarter revenue and adjusted EBITDA will meet
expected results, whether and what amount of overdue accounts receivable
we will be able to collect from Beanstock Media, Inc., and the timing of
such collection. All statements other than statements of historical
facts contained herein are forward-looking statements. The words
“believe,” “may,” “estimate,” “continue,” “anticipate,” “intend,”
“should,” “plan,” “could,” “target,” “potential,” “project,” “is
likely,” “expect” and similar expressions, as they relate to us, are
intended to identify forward-looking statements. We have based these
forward-looking statements largely on our current expectations and
projections about future events and financial trends that we believe may
affect our financial condition, results of operations, business strategy
and financial needs. Important factors that could cause actual results
to differ from those in the forward-looking statements include the risk
that we are not able to collect our overdue amounts from Beanstock Media
Inc. easily or otherwise as anticipated, the risk that our transition of
managing our advertising inventory in-house will not continue
successfully as anticipated, our expectations for revenue and adjusted
EBITDA will not be met, the risk that unanticipated events affect the
functionality of our applications with popular mobile operating systems,
and events could adversely affect usage of our mobile devices . Further
information on our risk factors is contained in our filings with the
Securities and Exchange Commission (“SEC”), including the Form 10-K for
the year ended December 31, 2014, the Quarterly Report on Form 10-Q for
the quarter ended March 31, 2015, and the Current Report on Form 8-K
filed on June 3, 2015. Any forward-looking statement made by us herein
speaks only as of the date on which it is made. Factors or events that
could cause our actual results to differ may emerge from time to time,
and it is not possible for us to predict all of them. We undertake no
obligation to publicly update any forward-looking statement, whether as
a result of new information, future developments or otherwise, except as
may be required by law.

MKR Group Inc.
Todd Kehrli
(323) 468-2300

Source: MeetMe, Inc.