Combined Units Expected to Drive More Than $1 Million in Q4 Revenue
NEW HOPE, Pa.–(BUSINESS WIRE)–
MeetMe,
Inc. (NASDAQ: MEET), a public market leader for social discovery, has
recently launched native chat ads in its iPhone app and video
interstitials in its Android app. The recent launches complete the
rollout of native chat ads and video interstitials, which the company
began earlier this summer in limited release, across its largest mobile
platforms.
“We expect native chat ads and video interstitials together to
contribute more than $1 million to Q4 revenue,” said Geoff Cook, CEO of
MeetMe. “We are presently enjoying strong pricing on the video
interstitials. We are also pleased to bring our native mobile ad unit to
our most popular feature – Chat.”
“In addition to these new ad units,” Cook continued, ”we have greatly
increased the targeting potential available to advertisers over the last
quarter by launching an expanded profile and interest tags. In addition
to these new advertising products, we remain on schedule to launch
dramatic improvements to our in-app purchasing products as well. By
year-end, we expect to launch a major revamp of our MeetMe+ subscription
service, as well as a new in-app-purchase product in our Chat section.”
About MeetMe, Inc.
MeetMe®
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. MeetMe 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 meetmecorp.com.
Cautionary Note Concerning 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, including whether native chat ads and video interstitials together
to contribute more than $1 million to Q4 revenue, whether we will
continue to enjoy strong pricing on video interstitials, whether we will
remain on schedule to launch dramatic improvements to our in-app
purchasing products, and whether we will launch a major revamp of our
MeetMe+ subscription service, as well as a new in-app-purchase product
in our Chat section, by year-end. 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 unanticipated events affect the functionality of our applications
with popular mobile operating systems. 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 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.
View source version on businesswire.com: http://www.businesswire.com/news/home/20150916005367/en/
Press:
Fresh PR
Jeannine Jacobi, 323-903-7063
jeannine@freshpr.net
or
Investors:
MKR
Group Inc.
Todd Kehrli, 323-468-2300
meet@mkr-group.com
Source: MeetMe, Inc.