MeetMe Raises Full Year 2015 Financial Guidance


MeetMe, Inc. (NASDAQ: MEET), a public market leader for social
discovery, today raised its full year 2015 financial guidance for the
year ended December 31, 2015 in advance of a non-deal roadshow with
potential investors.

Updated Full Year 2015 Guidance

  • Total revenue is expected to be approximately $56.5 million, an
    increase of 26% from full year 2014, and above the Company’s
    previously released guidance range of $53.5 million to $54 million for
    full year 2015.
  • Adjusted EBITDA is expected to be approximately $19.5 million, an
    increase of 289% from the prior year, and above the previously
    released guidance range of $16.5 million to $17.5 million for full
    year 2015.

David Clark, Chief Financial Officer of MeetMe, added, “Our increased
revenue guidance anticipates better than expected performance reflecting
seasonally strong fourth quarter advertising rates and increasing
engagement on our apps. As a result, we are increasing adjusted EBITDA
guidance as well.”

Earnings Call and Webcast

MeetMe expects to report full fourth quarter and year-end results in
early March. Details for the earnings conference call and webcast will
be provided in a separate press release.

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 90 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, in-app purchases, and subscription. MeetMe apps are
available 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. 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, including statements regarding expected revenue and expected
adjusted EBITDA, whether revenue growth reflects seasonally strong
advertising rates and increasing engagement on our apps, whether
engagement on our apps will continue to grow, and whether we will
continue to grow both revenue and adjusted EBITDA. 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 our applications will
not function easily or otherwise as anticipated, the risk that we will
not launch additional features and upgrades as anticipated, the risk
that unanticipated events affect the functionality of our applications
with popular mobile operating systems, any changes in such operating
systems that degrade our mobile applications’ functionality and other
unexpected issues which could adversely affect usage on 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 and the Current Report on Form 8-K
filed with the SEC 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.

Regulation G – Non-GAAP Financial Measures

The Company uses financial measures which are not calculated and
presented in accordance with U.S. generally accepted accounting
principles (“GAAP”) in evaluating its financial and operational decision
making and as a means to evaluate period-to period comparison. The
Company uses these non-GAAP financial measures for financial and
operational decision-making and as a means to evaluate period-to-period
comparisons. The Company presents these non-GAAP financial measures
because it believes them to be an important supplemental measure of
performance that is commonly used by securities analysts, investors and
other interested parties in the evaluation of companies in our industry.
We refer you to the reconciliations below.

The Company defines Adjusted EBITDA as earnings (or loss) from
continuing operations before interest expense, change in warrant
liability, income taxes, depreciation and amortization, and non-cash
stock-based compensation, non-recurring acquisition and restructuring
expenses, loss on cumulative foreign currency translation adjustment,
gain on sale of asset, bad debt expense outside the normal range, and
the goodwill impairment charges. The Company excludes stock-based
compensation because it is non-cash in nature.

Non-GAAP financial measures should not be considered as an alternative
to net income, operating income, cash flow from operating activities, as
a measure of liquidity or any other financial measure. They may not be
indicative of the historical operating results of the Company nor is it
intended to be predictive of potential future results. Investors should
not consider non-GAAP financial measures in isolation or as a substitute
for performance measures calculated in accordance with GAAP.

MKR Group Inc.
Todd Kehrli or Jim Byers,

Source: MeetMe, Inc.