Success of Mobile Strategy Drives Return to Year-Over-Year Growth for
the Quarter

NEW HOPE, Pa.–(BUSINESS WIRE)–
MeetMe,
Inc. (NYSE MKT: MEET), the public market leader for social discovery,
today announced that it expects fourth quarter revenue of approximately
$13 million, up approximately 12% on a year-over-year basis and 29%
sequentially. Mobile revenue in the fourth quarter is expected to be
approximately $5 million, a new quarterly record, and an increase of
127% year-over-year and 72% sequentially. The company previously
indicated that it expected fourth quarter 2013 revenue of $11.25 to
$11.75 million.

“We are excited by the prospect of returning to year-over-year revenue
growth in the fourth quarter of 2013,” said Geoff Cook, Chief Executive
Officer of MeetMe. “The fourth quarter represents an important
inflection point for MeetMe, as the combination of mobile growth and web
stabilization is now generating overall revenue growth. We believe the
mobile monetization infrastructure we built in 2013 will serve us well
in 2014 and beyond.”

David Clark, Chief Financial Officer of MeetMe, added, “We are pleased
to see mobile emerge as our primary driver of revenue growth. Our
expected year-over-year revenue growth is driven primarily by the
success of our mobile advertising strategy. In addition, we have now
gathered two years of buying and usage data for our virtual currency
products, which we expect constitutes sufficient history to recognize as
revenue approximately $600,000 of virtual currency sales previously
collected but deferred, which is included in our fourth quarter 2013
revenue estimate.”

MeetMe expects to announce full year fiscal 2013 results in early March
at which point it will also furnish all additional revenue and
profitability related metrics.

About MeetMe, Inc.

MeetMe^® is the leading social network for meeting new people
in the US and the public market leader for social discovery (NYSE MKT:
MEET). MeetMe makes meeting new people fun through social games and
apps, monetized by both advertising and virtual currency. With 60% of
traffic coming from mobile, MeetMe is fast becoming the social gathering
place for the mobile generation. The company operates MeetMe.com and
MeetMe apps on iPhone, iPad, and Android in multiple languages including
English, Spanish, Portuguese, French, Italian, German, Chinese
(Traditional and Simplified), Russian, Japanese, Dutch, Turkish and
Korean.

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 statements regarding expected revenue, the return to
revenue growth, whether we have navigated the shift to mobile
effectively and whether our fourth quarter revenue represents an
inflection point, the stabilization of our web revenue, whether our
mobile monetization infrastructure will serve us well in the future, the
success of our advertising initiatives and mobile strategy, the impact
of our new initiatives on revenue growth, and our ability to recognize
deferred revenue and the timing and extent thereof. All statements other
than statements of historical facts contained herein, including
statements regarding the continued growth in our core platform, are
forward-looking statements. The words “believe,” “may,” “estimate,”
“continue,” “anticipate,” “intend,” “should,” “plan,” “could,” “target,”
“potential,” “is likely,” “will,” “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 include the success of our
advertising initiatives and mobile strategy, the impact of our new
initiatives on revenue growth, and the size and engagement of our user
base, and unforeseen technical or other problems or issues that could
affect the performance of our products or our business. Further
information on our risk factors is contained in our filings with the
SEC, including the Form 10-K for the year ended December 31, 2012 and
the Current Reports on Form 8-K filed with the SEC on May 1, 2013,
October 1, 2013 and November 6, 2013. 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.

Gregory FCA
Investor contact:
Joe Hassett, 610-642-8253
Senior
Vice President
JoeH@GregoryFCA.com

Source: MeetMe, Inc.