NEW HOPE, Pa.–(BUSINESS WIRE)–
MeetMe, Inc. (NASDAQ: MEET), a public market leader for social
discovery, today announced that it has been added to the Russell 2000
Index and the broad-market Russell 3000 Index.

“Inclusion in the Russell 2000 is further recognition of our continued
progress and the growth of our company,” said Geoff Cook, Chief
Executive Officer of MeetMe. “We look forward to the additional
visibility and exposure of MEET within the investment community that
comes along with being part of the Russell 2000 Index.”

The rebalanced Russell Global, Russell 1000, Russell 2000, Russell 3000,
Russell Midcap, and Russell Microcap Indexes began trading on June 27,
2016.

Annual Russell indexes reconstitution captures the 4,000 largest U.S.
stocks as of the end of May, ranking them by total market
capitalization. Membership in the Russell 3000®, which remains in place
for one year, means automatic inclusion in the large-cap Russell 1000®
Index or small-cap Russell 2000® Index as well as the appropriate growth
and value style indexes. FTSE Russell determines membership for these
indexes primarily by objective, market-capitalization rankings, and
style attributes.

Russell indexes are widely used by investment managers and institutional
investors for index funds and as benchmarks for active investment
strategies. Approximately $6 trillion in assets are benchmarked to the
Russell U.S. indexes. Russell indexes are part of FTSE Russell, a
leading global index provider.

For more information on the Russell 3000^® Index and the
Russell US Indexes reconstitution, go to the “Russell Reconstitution”
section on the FTSE
Russell website.

About MeetMe

MeetMe® is a 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, virtual currency, 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, Korean,
Hindi, Bengali and Vietnamese. 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 whether we will achieve continued progress and
growth, whether we will achieve additional visibility and exposure
within the investment community as a result of being part of the Russell
2000 Index. 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, 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/20160629005413/en/

MEET Investor Contact:
MKR Group Inc.
Todd Kehrli
meet@mkr-group.com

Source: MeetMe, Inc.

• Acquisition Creates Leading Global Platform for Mobile Social
  Discovery With 8.5 Million Mobile Monthly Active Users
• Expected to Contribute Approximately $7.5 Million in Adjusted
  EBITDA and be Accretive to Earnings in First 12 Months Post Closing

NEW HOPE, Pa.–(BUSINESS WIRE)–
MeetMe, Inc. (NASDAQ: MEET), a public market leader for social
discovery, today announced it has executed a definitive agreement to
acquire Skout, a leading global mobile network for meeting new people,
for $28.5 million in cash and approximately 5.37 million common shares
of MeetMe, implying an enterprise value of $54.6 million based on
MeetMe’s closing stock price on June 24, 2016. This acquisition promotes
MeetMe and Skout’s shared vision to create the largest global service
for meeting and chatting with new people. The acquisition is expected to
provide greater scale for monetization and increased profitability for
the combined company.

Skout is a leading mobile application for meeting new people with:

• 2015 revenue of $23.8 million;
• 3.5 million mobile monthly active users (MAU) in May 2016;
• 28.0 million chats per day from June 1 – June 22, 2016;
• A community that spans over 100 countries, and an app that is
  available in 23 different languages;
• 42,000 new registered users added each day on average in 2016.

Key highlights of the expected scale of the new combined company
include:

• Mobile MAU of 8.5 million, an increase of 69% from MeetMe’s 5.0
  million in May 2016;
• Mobile daily active users (DAU) of 2.1 million, an increase of 73%
  from MeetMe’s 1.24 million in May 2016;
• Chats sent per day of 57.2 million, an increase of 96% from MeetMe’s
  29.2 million average in June 2016;
• Mobile new users per day of 107,000, an increase of 65% from MeetMe’s
  65,000 per day average in 2016.

Financial impact of acquisition:

• Expected to provide significantly increased scale in user base and
  revenues, and exhibit strong operating leverage.
• Assuming a potential closing date of October 1, 2016, MeetMe would
  expect its 2016 financial results to be Revenue of between $70.5 and
  $73.5 million and Adjusted EBITDA of between $26.0 and $29.0 million.
• Expect Skout to contribute approximately $7.5 million of Adjusted
  EBITDA and be accretive to earnings in the first 12 months
  post-closing.

Geoff Cook, CEO of MeetMe, said, “We believe this combination provides a
pathway to $100 million in revenue in 2018 with adjusted EBITDA margins
approaching 45 percent. I am thrilled to bring two of the largest mobile
apps for meeting and chatting with new people into the same portfolio.
Skout is among the earliest mobile social discovery services. I’ve known
and tracked the company for more than eight years. We share not only the
same vision but also many of the same key engagement metrics, including
roughly the same number of chats per user per day, as well as a familiar
advertising-driven business model. I am excited by the opportunity to
work closely with their talented team to accelerate growth and
engagement across both apps around the world.”

“What’s more,” Cook continued, “this announcement comes during a period
of strong growth for MeetMe, with May mobile DAU of 1.24 million, up 8%
versus the Q1 average, and May mobile MAU exceeding 5.0 million for the
first time in a calendar month, and up 14% versus the Q1 average. We
believe this acquisition will further build on this momentum,
dramatically increasing our scale, and enabling continued improvements
to our recommendation engine, chat, and Discuss, to have an even greater
impact and reach even more users.”

We expect that Skout will remain a separate brand and standalone mobile
application following the closing of the acquisition and its
headquarters will remain in San Francisco, CA, and we have extended
offers of employment to its approximately 30 employees. Likewise,
Skout’s founders Christian Wiklund and Niklas Lindstrom have agreed to
assist with the transition for one year after the closing.

As studies have shown that users of social discovery apps often use more
than one at the same time, and given MeetMe and Skout share less than 5%
overlap among their monthly active user base, we believe there is a
clear cross-promotional benefit between apps. The geographic mix is also
complementary: while Skout’s largest country, like MeetMe’s, is the
United States, Skout is over 80% international and skews more toward
Asia, where MeetMe has historically had little presence. MeetMe intends
to accelerate the monetization of its international audience based on
Skout’s successful track record in these markets.

David Clark, Chief Financial Officer of MeetMe, added, “We expect the
acquisition to close in October of this year and to be accretive to
earnings and to generate additional free cash flow for MeetMe in the
first twelve months following the closing and beyond. Over time, we
believe that through additional synergies from combining our technology
platforms, optimizing our monetization engine, cross-promoting to each
user base, and accelerating MeetMe’s international monetization, we can
generate additional value from this acquisition.”

The Company expects to fund the cash portion of the acquisition
primarily from MeetMe cash on hand and cash from operations, and
potentially from other sources of financing available to MeetMe.

Canaccord Genuity is serving as financial advisor and Morgan, Lewis &
Bockius LLP is serving as legal counsel to MeetMe.

MeetMe Chairman John C. Abbott announced his resignation, effective
immediately, to focus on his business interests in Mexico and Brazil. “I
am thrilled to see Skout join the MeetMe portfolio,” Abbott said. “We
have been tracking Skout for many years and are excited by the scale and
size created by this combination. Bringing together two of the largest
mobile apps for meeting new people is exactly aligned with the Company’s
long term strategy to build a global leader in mobile social discovery.
With a strong team in place, I know the Company is in excellent hands,
experiencing strong growth and with bright prospects in front of it.”

Commenting on Abbott’s resignation, Cook said, “John’s original vision
of a public market leader for social discovery is something we intend to
continue to execute against with singular focus, and I am thankful for
his many contributions to MeetMe over the last nine years.”

Webcast and Conference Call Details

Management will host a webcast and conference call on Tuesday, June 28,
2016 at 8:30 a.m. Eastern time to discuss the acquisition. To access the
call dial 888-481-2877 (+1 719-325-2393 outside the United States) and
when prompted provide the participant passcode 7649062 to the operator.
In addition, a webcast of the conference call will be available live on
the Investor Relations section of the Company’s website at www.meetmecorp.com
and a replay of the webcast will be available for 90 days.

About MeetMe

MeetMe® is a 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, virtual currency, 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, Korean,
Hindi, Bengali and Vietnamese. For more information, please visit meetmecorp.com.

About Skout

Skout is a leading global, mobile network for meeting new people. The
Skout community spans more than 100 countries and is available in 23
different languages. Skout is dedicated to providing a platform that
people can easily and safely connect on, and hopefully change their
lives. The company is headquartered in San Francisco. Visit Skout.com to
learn more and connect on Twitter @Skoutapp.

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 the acquisition will be completed and on the
terms expected, the time frame in which this will occur, the expected
benefits to the MeetMe and Skout apps and the combined company from
completing the acquisition, the expected financial and operating
performance of MeetMe following completion of the acquisition, the
expected synergies from the combined company, and the intention to
accelerate the monetization of MeetMe’s international audience after the
acquisition. 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 the
proposed acquisition and 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 Skout shareholder approval of the proposed
acquisition or that other conditions to the closing of the acquisition
may not be satisfied, the potential impact on the business of MeetMe or
Skout due to the announcement of the acquisition, the occurrence of any
event, change or other circumstances that could give rise to the
termination of the definitive agreement, the risk that the expected
benefits and synergies of the acquisition are not achieved and general
economic conditions. Further information on our risk factors is
contained in our filings with the Securities and Exchange Commission,
including the Form 10-K for the year ended December 31, 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

This press release includes a discussion of Adjusted EBITDA from
continuing operations which is a non-GAAP financial measure. For
completed fiscal periods, reconciliations to the most directly
comparable GAAP financial measures are provided in the Investors section
of our corporate website, www.meetmecorp.com.

The Company defines Adjusted EBITDA as earnings (or loss) from
continuing operations before interest expense, change in warrant
liability, income taxes, depreciation and amortization, non-cash
stock­based 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 non­cash in nature.

View source version on businesswire.com: http://www.businesswire.com/news/home/20160627006328/en/

MEET Investor Contact:
MKR Group Inc.
Todd Kehrli
meet@mkr-group.com

Source: MeetMe, Inc.

NEW HOPE, Pa.–(BUSINESS WIRE)–
MeetMe, Inc. (NASDAQ: MEET), a public market leader for social
discovery, today announced that it has opened a new office in the
Northern Liberties section of Philadelphia, PA.

“We believe a presence in Philadelphia is a natural move for MeetMe that
will better position us to tap into a wealth of creative and innovative
technologists in the city and attract an even larger number of talented
individuals to our team,” said Jonah Harris, MeetMe’s Chief Technology
Officer.

MeetMe intends to staff its new office initially with engineers from its
New Hope, Pennsylvania headquarters, followed by new hires planned for
the coming months. The company is leasing the new office through shared
workspace provider WeWork.

“Over the years, we’ve spoken with a large number of qualified
candidates living in Philly, but many of them didn’t want to commute to
New Hope,” said MeetMe recruiter Tom Zabielski. “We believe this new
office can serve as an effective extension of our current team—sharing
projects across offices—to remain as collaborative and cohesive as at
our headquarters.”

MeetMe currently organizes the Bucks County Tech Meetup in New Hope and
plans to collaborate with WeWork to host additional talks at its new
location beginning with the Future of Data: Philadelphia Meetup, on June
7.

About MeetMe, Inc.

MeetMe®
is a leading social network for meeting new people in the US and a
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, 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, Korean, Hindi, Bengali and Vietnamese. 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 our Philadelphia office will better position us
to tap into a wealth of creative and innovative technologists in the
city and attract an even larger number of talented individuals to our
team, whether we will staff our office as intended and successfully make
new hires in the coming months, whether our new office will serve as an
effective extension of our current team, whether we will successfully
share projects across offices, whether our team will remain as
collaborative and cohesive as at our headquarters, and whether and to
what extent we will collaborate with WeWork and host future talks at our
new facility. 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, 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/20160602005255/en/

MKR Group Inc.
Todd Kehrli, 323-468-2300
Jim Byers,
415-309-2079
meet@mkr-group.com

Source: MeetMe, Inc.

NEW HOPE, Pa.–(BUSINESS WIRE)–
MeetMe,
Inc. (NASDAQ: MEET), a public market leader for social discovery, has
launched Discuss, a significant upgrade to the Feed feature of its
MeetMe applications. Discuss is an interest-based group communication
platform designed to foster conversation, connection, and community
among like-minded MeetMe users.

“We understand that our users are primarily looking for people who share
their interests, whether they are here to date, make friends, or simply
chat,” said Geoff Cook, CEO of MeetMe. “We’ve created Discuss to
facilitate discussions about a variety of interests that we know users
share, based on the data we have been collecting over the last few
months. We are thrilled to give our users a place to connect by
discussing topics that resonate with them, and more generally, to enable
communities of like-minded users to form organically within our larger
user base.”

About MeetMe, Inc.

MeetMe®
is a leading social network for meeting new people in the US and a
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, 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, Korean, Hindi, Bengali and Vietnamese. 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 Discuss will foster conversation, connection,
and community among like-minded MeetMe users, whether our users are
primarily looking for people who share their interests, whether Discuss
will facilitate discussions about a variety of interests that our users
share, whether Discuss will give our users a place to connect by
discussing topics that resonate with them and enable communities of
like-minded users to form organically within our larger user base. 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, 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/20160516005043/en/

Press contact:
Fresh PR
Jeannine Jacobi, 323-903-7063
jeannine@freshpr.net
or
Investor
contact:
MKR Group Inc.
Todd Kehrli, 323-468-2300
meet@mkr-group.com

Source: MeetMe, Inc.

Total Revenue Increased 15% Year Over Year

Mobile Revenue Increased 42% Year Over Year

Adjusted EBITDA Increased 19% Year Over Year

GAAP Net Income Increased 226% Year Over Year

NEW HOPE, Pa.–(BUSINESS WIRE)–
MeetMe, Inc. (NASDAQ: MEET), a public market leader for social
discovery, today reported financial results for its first quarter ended
March 31, 2016.

First Quarter 2016 Financial Highlights

• Total revenue was $13.3 million, up 15% from the first quarter of 2015.
• Mobile revenue was $11.7 million, up 42% from the first quarter of
  2015.
• Mobile revenue represented 88% of total revenue, the highest in
  MeetMe’s history.
• Adjusted EBITDA was $3.7 million, an increase of 19% from the first
  quarter of 2015. (See the important discussion about the presentation
  of non-GAAP financial measures, and reconciliation to the most direct
  comparable GAAP financial measure, below.)
• Adjusted EBITDA margin increased to 28%, up from 27% in the first
  quarter of 2015.
• GAAP net income was $2.4 million, or $0.04 per diluted share, up 226%
  from the first quarter of 2015.
• Non-GAAP net income was $3.6 million, or $0.07 per diluted share, up
  100% from the first quarter of 2015.
• Cash and Cash Equivalents totaled $26.4 million at March 31, 2016, an
  increase of 37% or $7.1 million from $19.3 million at December 31,
  2015.

Geoff Cook, Chief Executive Officer of MeetMe, stated, “We consider the
first quarter a very strong start to what we believe will be a great
year. We achieved record first-quarter results in revenue, adjusted
EBITDA, and net income. Our mobile traffic is at an all-time high. We
have a deep pipeline of product initiatives that we believe will
continue to grow engagement and retention. In this quarter, we plan to
launch Discuss (an interest-based group conversation platform) and a
major revamp to our photos feature, as well as to expand into new
languages and continue to optimize our discovery algorithms.”

David Clark, Chief Financial Officer of MeetMe, added, “Mobile revenue
for the quarter increased 42% year over year and represented 88% of our
total revenue, up from 71% in 2015. We believe our increasing mobile
revenue was driven by continued strength in the mobile advertising
industry, which resulted in higher advertising rates on mobile devices.
Much of the increased revenue flowed through to adjusted EBITDA, which
increased 19% to $3.7 million for the quarter, resulting in a 28%
adjusted EBITDA margin.”

Webcast and Conference Call Details

Management will host a webcast and conference call to discuss first
quarter 2016 financial results today, May 5, 2016 at 8:30 a.m. Eastern
time. To access the call dial 888-504-7963 (+1 719-325-2215 outside the
United States) and when prompted provide the participant passcode
9841118 to the operator. In addition, a webcast of the conference call
will be available live on the Investor Relations section of the
Company’s website at www.meetmecorp.com
and a replay of the webcast will be available for 90 days.

About MeetMe, Inc.

MeetMe® is a leading social network for meeting new people in the US and
a 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, virtual currency, 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 meetmecorp.com.

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 our total revenue and mobile revenue will
continue to grow, whether our adjusted EBITDA will continue to grow,
whether our net income will continue to grow, whether our mobile revenue
will continue to constitute an increasing percentage of our total
revenue, whether our revenue, adjusted EBITDA and net income will
reflect the increasing value that our audience provides to mobile
advertisers and the continued growth in mobile engagement by our users,
whether our record revenue, adjusted EBITDA and net income reflect the
increasing value of our audience to mobile advertisers and the continued
growth in mobile engagement by our users, whether our pipeline of
product initiatives will continue to grow user engagement and retention,
whether and when we will launch of Discuss, revamp our photos feature,
expand into new languages and continue to optimize, , whether our
increasing revenue was driven by our growing mobile engagement as well
as the continued strength in the mobile advertising industry, whether
our mobile engagement will continue to grow, and whether our growing
mobile engagement and continued strength in the advertising industry
will drive our revenue. 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, 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. The Company defines
Non-GAAP Net Income as earnings (or loss) from continuing operations
before income taxes, amortization on intangible assets, and non-cash
stock-based compensation.

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.

View source version on businesswire.com: http://www.businesswire.com/news/home/20160505005357/en/

Investors:
MKR Group Inc.
Todd Kehrli or Jim Byers,
323-468-2300
meet@mkr-group.com

Source: MeetMe, Inc.

NEW HOPE, Pa.–(BUSINESS WIRE)–
MeetMe,
Inc. (NASDAQ: MEET), a public market leader for social discovery,
achieved a new mobile DAU record earlier this week, surpassing 1.3
million daily active users on its mobile products for the first time in
a calendar day on Sunday, May 1^st.

“We are thrilled to have achieved a new mobile DAU milestone,” said
Geoff Cook, CEO of MeetMe. “Our team has been working hard on our
recommendation engine to leverage the data on our platform to drive
better matches and higher quality chats. We have a deep pipeline of
additional enhancements and optimizations that, we believe, will
continue to drive growth.”

About MeetMe, Inc.

MeetMe®
is a leading social network for meeting new people in the US and a
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, 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 future levels of daily active users and whether they
will continue to increase, whether our recommendation engine will enable
us to leverage data on our platform to drive better matches and higher
quality chats, and whether we will successfully execute on our product
pipeline and if so whether our additional enhancements and optimizations
will continue to drive growth. 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, 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/20160504005159/en/

Press contact:
Fresh PR
Jeannine Jacobi, 323-903-7063
jeannine@freshpr.net
or
Investor
contact:
MKR Group Inc.
Todd Kehrli, 323-468-2300
meet@mkr-group.com

Source: MeetMe, Inc.

NEW HOPE, Pa.–(BUSINESS WIRE)–
MeetMe, Inc. (NASDAQ: MEET), a public market leader for social
discovery, today announced it will present and host investor meetings at
the following investor conferences in May:

SunTrust Robinson Humphrey 2016 Internet & Digital Media Conference
Tuesday,
May 10, 2016 at 1:25 p.m. Pacific Time
The Palace Hotel, San
Francisco, CA

B. Riley & Company 17^th Annual Investor
Conference
Wednesday, May 25, 2016 at 3:30 p.m. Pacific Time
Loews
Hollywood Hotel, Los Angeles, CA

MeetMe management will present and host one-on-one meetings with
investors at these conferences. Meetings can be scheduled through the
firms hosting the conferences or through MKR Group, MeetMe’s investor
relations firm, at meet@mkr-group.com.

To access a live webcast or a replay of the formal presentation, visit
the Investors section of www.meetmecorp.com.

About MeetMe, Inc.

MeetMe® is a leading social network for meeting new people in the US and
a 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, 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.

View source version on businesswire.com: http://www.businesswire.com/news/home/20160503006661/en/

Investor Contact:
MKR Group, Inc.
Todd Kehrli or Jim
Byers
(323) 468-2300
meet@mkr-group.com

Source: MeetMe, Inc.

NEW HOPE, Pa.–(BUSINESS WIRE)–
MeetMe, Inc. (NASDAQ: MEET), a public market leader for social
discovery, today announced that management will host a conference call
on Thursday, May 5, 2016 at 8:30 a.m. ET to discuss details and answer
questions about the company’s financial results for the first quarter
ended March 31, 2016.

Financial results will be issued in a press release prior to the call,
which will be hosted by MeetMe’s Chief Executive Officer, Geoff Cook,
and Chief Financial Officer, David Clark.

About MeetMe, Inc.

MeetMe®
is a 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, 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.

View source version on businesswire.com: http://www.businesswire.com/news/home/20160425005466/en/

Investor Contact:
MKR Group, Inc.
Todd Kehrli or Jim
Byers
323-468-2300
meet@mkr-group.com

Source: MeetMe, Inc.

NEW HOPE, Pa.–(BUSINESS WIRE)–
MeetMe,
Inc. (NASDAQ: MEET), a public market leader for social discovery, today
announced strong performance of its new interstitial ad units, which are
now live on MeetMe’s popular Android and iPhone applications. The
interstitial is a full screen ad that appears in a number of high impact
placements and has been tested and ramped up slowly over the last few
months to avoid impacting engagement. The new unit is expected to
contribute roughly $5,000 per day in revenue by the end of this month.

“This new interstitial unit is an evolution of the video interstitial
unit we launched last year,” said Geoff Cook, CEO of MeetMe. “The CPMs
for this unit are on par or better than what we saw for the video unit
while also commanding a higher fill rate and being less disruptive for
the user. We look forward to continuing to innovate and experiment with
new ad placements both in the US and internationally.”

About MeetMe, Inc.

MeetMe®
is a 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, 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 statements regarding the future performance of MeetMe’s
new interstitial ad units and their affect on user engagement, whether
the new ad units will contribute roughly $5,000 per day in revenue as
expected, whether the new unit will contribute roughly $5,000 per day in
revenue by the end of this month, whether the CPMs for the new unit will
remain on par or be better than what we saw for our video unit while
also commanding a higher fill rate and being less disruptive for the
user, and whether we will be successful in continuing to innovate and
experiment with new ad placements both in the US and internationally.
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, 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/20160405005293/en/

Press contact:
Fresh PR
Jeannine Jacobi, 323-903-7063
jeannine@freshpr.net
or
Investor
contact:
MKR Group Inc.
Todd Kehrli, 323-468-2300
meet@mkr-group.com

Source: MeetMe, Inc.

NEW HOPE, Pa.–(BUSINESS WIRE)–
MeetMe, Inc. (NASDAQ: MEET), a public market leader for social
discovery, today announced it will present and host investor meetings at
the following investor conferences:

Northland Capital Markets Growth Conference
Wednesday, March
9, 2016
(Group and One-on-One Meetings Only)
Omni-Berkshire
Place, New York, NY

28^th Annual Roth Conference
Tuesday,
March 15, 2016 at 3:00 p.m. Pacific Time
The Ritz-Carlton, Laguna
Niguel, CA

MeetMe management will host group and one-on-one meetings with investors
at Northland on March 9^th and Roth on March 15^th.
Meetings can be scheduled through the firms hosting the conferences or
through MKR Group, MeetMe’s investor relations firm, at meet@mkr-group.com.

To access a live webcast or a replay of the Roth presentation, visit the
Investors section of www.meetmecorp.com.

About MeetMe, Inc.

MeetMe® is a 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, 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.

View source version on businesswire.com: http://www.businesswire.com/news/home/20160303005487/en/

Investor Contact:
MKR Group, Inc.
Todd Kehrli or Jim
Byers
(323) 468-2300
meet@mkr-group.com

Source: MeetMe, Inc.

Total Revenue for 2015 Increased 27% Year Over Year
Mobile
Revenue for 2015 Increased 84% Year Over Year
Adjusted
EBITDA for 2015 Increased 303% Year Over Year
Full Year
Adjusted EBITDA Margin Increased to 36%
Net Income for 2015
was a Record $6.0 Million

NEW HOPE, Pa.–(BUSINESS WIRE)–
MeetMe, Inc. (NASDAQ: MEET), a public market leader for social
discovery, today reported financial results for its full year and fourth
quarter ended December 31, 2015.

Full Year 2015 Financial Highlights

• Total revenue was a record $56.9 million, up 27% year over year.
• Mobile revenue was a record $45.3 million, up 84% year over year.
• Mobile revenue represented 80% of total revenue, up from 55% in 2014.
• Adjusted EBITDA was a record $20.2 million, or a 36% margin, up 303%
  year over year. (See the important discussion about the presentation
  of non-GAAP financial measures, and reconciliation to the most direct
  comparable GAAP financial measure, below.)
• Net income was a record $6.0 million, compared to a net loss of $4.0
  million for 2014.

Fourth Quarter 2015 Financial Highlights

• Total revenue was a record $19.9 million, up 53% from the fourth
  quarter of 2014.
• Mobile revenue was a record $17.2 million, up 126% from the fourth
  quarter of 2014.
• Mobile revenue represented 86% of total revenue, the highest in
  MeetMe’s history.
• Adjusted EBITDA was a record $9.0 million, an increase of 247% year
  over year. (See the important discussion about the presentation of
  non-GAAP financial measures, and reconciliation to the most direct
  comparable GAAP financial measure, below.)
• Adjusted EBITDA margin increased to 45%, up from 20% in the fourth
  quarter of 2014.
• Net income was a record $6.1 million, compared to net income of
  $847,000 for the fourth quarter of 2014.
• Cash and Cash Equivalents totaled $19.3 million at December 31, 2015.

Geoff Cook, Chief Executive Officer of MeetMe, stated, “We believe our
record revenue, adjusted EBITDA and net income reflect the increasing
value of our audience to mobile advertisers and the continued growth in
mobile engagement by our users. We saw record engagement in the fourth
quarter and experienced tremendous growth in chats this past year,
reaching a new milestone of 30 million user-to-user chats in a single
day at the end of the year. In the fourth quarter, our mobile daily
active users increased 20% year over year and our total mobile monthly
active users increased 32% year over year.”

David Clark, Chief Financial Officer of MeetMe, added, “Mobile revenue
for 2015 increased 84% year over year and represented 80% of our total
revenue, up from 55% in 2014. We believe our increasing revenue was
driven by our growing mobile engagement as well as continued strength in
the mobile advertising industry. Much of the increased revenue flowed
through to adjusted EBITDA, which increased to a record $20 million for
the year, resulting in a 36% adjusted EBITDA margin.”

Webcast and Conference Call Details

Management will host a webcast and conference call to discuss full year
and fourth quarter 2015 financial results today, February 29, 2016, at
10:30 a.m. Eastern time. To access the call dial 888-427-9419 (+1
719-325-2435 outside the United States) and when prompted provide the
participant passcode 5399747 to the operator. In addition, a webcast of
the conference call will be available live on the Investor Relations
section of the Company’s website at www.meetmecorp.com
and a replay of the webcast will be available for 90 days.

About MeetMe, Inc.

MeetMe® is a leading social network for meeting new people in the U.S.
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, virtual currency, 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 meetmecorp.com.

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 our total revenue and mobile revenue will
continue to grow; whether our adjusted EBITDA will continue to grow;
whether our net income will continue to grow; whether our mobile revenue
will continue to constitute an increasing percentage of our total
revenue; whether our revenue, adjusted EBITDA, and net income will
reflect the increasing value of our audience to mobile advertisers and
the continued growth in mobile engagement by our users; whether net
income will continue to grow; whether our record revenue, adjusted
EBITDA, and net income reflect the increasing value of our audience to
mobile advertisers and the continued growth in mobile engagement by our
users; whether our increasing revenue was driven by our growing mobile
engagement as well as continued strength in the mobile advertising
industry; whether our mobile engagement will continue to grow; and
whether our growing mobile engagement and continued strength in the
advertising industry will drive our revenue. 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.

View source version on businesswire.com: http://www.businesswire.com/news/home/20160229005640/en/

Investor Contact:
MKR Group Inc.
Todd Kehrli or Jim
Byers
323-468-2300
meet@mkr-group.com

Source: MeetMe, Inc.

NEW HOPE, Pa.–(BUSINESS WIRE)–
MeetMe, Inc. (NASDAQ: MEET), a public market leader for social
discovery, today announced that management will host a conference call
on Monday, February 29, 2016 at 10:30 a.m. ET to discuss details and
answer questions about the company’s financial results for the fourth
quarter and fiscal year ended December 31, 2015.

Financial results will be issued in a press release prior to the call,
which will be hosted by MeetMe’s Chief Executive Officer, Geoff Cook,
and Chief Financial Officer, David Clark.

About MeetMe, Inc.

MeetMe® is a 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, virtual currency, and subscription. MeetMe apps are
available on iPhone, iPad, and 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.

View source version on businesswire.com: http://www.businesswire.com/news/home/20160216006554/en/

MKR Group, Inc.
Todd Kehrli or Jim Byers
(323) 468-2300
meet@mkr-group.com

Source: MeetMe, Inc.

NEW HOPE, Pa.–(BUSINESS WIRE)–
MeetMe,
Inc. (NASDAQ: MEET), a public market leader for social discovery, today
announced the launch of a seven-day free trial offer for its revamped
MeetMe+ service in MeetMe’s popular Android and iPhone applications. The
free trial enables first-time MeetMe+ users to enjoy its premium
benefits free for one week, after which they may choose to continue at
the normal subscription rates or return to a standard free membership.
The seven-day free trial is available today to a portion of Android and
iPhone users and is expected to roll out to all users on iPhone and
Android over the coming month.

The recently revamped MeetMe+ service allows members to enjoy enhanced
filtering capabilities, priority chat placement, access to photo views,
and more. The company has seen an approximately 150% increase in daily
subscription revenue since the MeetMe+ revamp launched last month,
compared to the trailing twelve-month average.

“We’re excited for MeetMe members to experience the benefits of MeetMe+
risk-free, and we believe the free trial has the potential to further
the momentum and growth we are already seeing on subscription revenue
since the December product revamp,” said Geoff Cook, CEO of MeetMe.

About MeetMe, Inc.

MeetMe®
is a 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, 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 statements regarding the future availability of the free
trial on Android and iPhone, whether the free trial will become
available to all users on iPhone and Android over the coming month,
whether future subscription revenue will increase, and whether the free
trial will further the momentum and growth we are already seeing on
subscription revenue since the December product revamp, and whether we
will continue to see momentum and growth in our subscription revenue.
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.

View source version on businesswire.com: http://www.businesswire.com/news/home/20160201005043/en/

Press contact:
Fresh PR
Jeannine Jacobi, 323-903-7063
jeannine@freshpr.net
or
Investor
contact:
MKR Group Inc.
Todd Kehrli, 323-468-2300
meet@mkr-group.com

Source: MeetMe, Inc.

NEW HOPE, Pa.–(BUSINESS WIRE)–
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 meetmecorp.com.

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.

View source version on businesswire.com: http://www.businesswire.com/news/home/20160106005624/en/

Investors:
MKR Group Inc.
Todd Kehrli or Jim Byers,
323-468-2300
meet@mkr-group.com

Source: MeetMe, Inc.

NEW HOPE, Pa.–(BUSINESS WIRE)–
MeetMe, Inc. (NASDAQ: MEET), a public market leader for social
discovery, announced today that it set a new daily record for the number
of user-to-user chats. On Monday, December 28, for the first time in
MeetMe’s history, more than 30 million chats were sent on a single day.

“We have had tremendous growth in the number of chats sent on MeetMe in
the last year,” said Geoff Cook, CEO of MeetMe. “Just over a year ago,
we announced 20 million chats a day. Reaching this new milestone of 30
million user-to-user chats in a single-day is a testament to MeetMe’s
power to connect users around the world. We’ve never seen higher
engagement on MeetMe and we expect this growth to continue as we grow
both in the US and internationally.”

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 the number of chats will grow and if so at what
rate, MeetMe’s power to connect users around the world, future levels of
engagement on MeetMe, whether our engagement growth will continue to
grow, and whether we will continue to grow both in the United States and
internationally. 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.

View source version on businesswire.com: http://www.businesswire.com/news/home/20151229005105/en/

Press contact:
Fresh PR
Jeannine Jacobi, 323-903-7063
jeannine@freshpr.net
or
Investor
contact:
MKR Group Inc.
Todd Kehrli, 323-468-2300
meet@mkr-group.com

Source: MeetMe, Inc.

Achieves Rank of #2 Top-Grossing Social App on Android

Sets New Single-Day Mobile DAU Record

NEW HOPE, Pa.–(BUSINESS WIRE)–
MeetMe,
Inc. (NASDAQ: MEET), a public market leader for social discovery, has
released a major revamp of its MeetMe+ subscription product on its
popular Android and iOS apps. The improved product is designed to
dramatically increase the number of paying subscribers and includes a
number of new features including enhanced filtering, Top of the Inbox,
and unlimited access to the most popular members.

Enhanced filtering allows MeetMe+ subscribers to search for users by
interest, relationship status, height, religion, education, and other
demographic and behavioral fields. Top of the Inbox is designed to
increase MeetMe+ subscribers’ reply rates by placing their chats at the
top of other user’s inboxes. MeetMe+ members also have exclusive access
to chat with the app’s most popular members. In addition to these new
benefits, MeetMe+ subscribers continue to enjoy an advertisement-free
experience, stealth browsing, access to photo views, profile themes, and
bonus credits.

“As of yesterday, MeetMe for Android achieved the ranking of #2
Top-Grossing Social App in the Google Play Store in the United States,”
said Geoff Cook, CEO of MeetMe. “While it is too early to predict the
long-term performance of the revamped subscription service, we are quite
pleased with the early signs of acceptance from our community. MeetMe
for iPhone has enjoyed similar success in recent days, rising 9 places
in the Top-Grossing Social rankings to #11 in the App Store in the
United States.

“As I’ve noted before, we expect the updated MeetMe+ product to at least
double subscription revenue in 2016 from its small base today of roughly
$1 million per year. As part of this revamp to MeetMe+, we have also
launched the foundation for a new recommendation engine touching all
users, both paying and non-paying. We believe the new recommendation
engine will enable us to better leverage our data to drive more relevant
chat for our members. Over time, we look forward to beginning to feed
this engine with interest, demographic, and behavioral data.

“We are pleased also to have set a new single-day mobile DAU record on
Monday of this week, crossing 1.2 million mobile DAU for the first time
in our history. We believe the recommendation engine will help continue
that momentum into next year.”

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 the revamped product will dramatically increase
the number of paying subscribers, whether enhanced filtering will allow
MeetMe+ subscribers to search for users as intended, whether Top of the
Inbox will increase MeetMe+ subscribers’ reply rates by placing their
chats at the top of other user’s inboxes, whether MeetMe+ members will
have exclusive access to chat with the most popular members, whether
MeetMe+ subscribers will continue to enjoy an advertisement-free
experience, stealth browsing, access to photo views, profile themes, and
bonus credits, future rankings of the MeetMe app in the Google Play
Store and the App Store, the long-term performance of the revamped
subscription service and whether our community will accept the revamped
subscription service, whether the updated MeetMe+ product will at least
double subscription revenue in 2016, and whether our new recommendation
engine will enable us to better leverage our data to drive more relevant
chat for our members, whether we will begin to feed the recommendation
engine with interest, demographic, and behavioral data as anticipated,
future amounts of mobile DAU, and whether the recommendation engine will
enable us to continue that momentum into next year. 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.

View source version on businesswire.com: http://www.businesswire.com/news/home/20151210005633/en/

Press contact:
Fresh PR
Jeannine Jacobi, 323-903-7063
jeannine@freshpr.net
or
Investor
contact:
MKR Group Inc.
Todd Kehrli, 323-468-2300
meet@mkr-group.com

Source: MeetMe, Inc.

NEW HOPE, Pa.–(BUSINESS WIRE)–
MeetMe,
Inc. (NASDAQ: MEET), a public market leader for social discovery, has
set a new mobile monthly active user (MAU) record of 4,039,950 in
November. This is the first time mobile MAU has exceeded four million in
the company’s history, and represents a 27% increase in MAU
year-over-year. The company also announced that during the month of
November, average mobile daily active users (DAU) surpassed 1.1 million
for the first time.

”We are thrilled to announce our new mobile MAU and average DAU records
for November,” said Geoff Cook, CEO of MeetMe. “One of our stated goals
is to continue to drive user engagement and the team has worked hard to
execute on an ambitious product pipeline. We look forward to continuing
to make MeetMe the best place to meet new people.”

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 future levels of MAU and DAU, whether we will continue
to drive user engagement, whether we will execute on our product
pipeline, and whether we will continue to make MeetMe the best place to
meet new people. 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.

View source version on businesswire.com: http://www.businesswire.com/news/home/20151203005177/en/

Press contact:
Fresh PR
Jeannine Jacobi, 323-903-7063
jeannine@freshpr.net
or
Investor
contact:
MKR Group Inc.
Todd Kehrli, 323-468-2300
meet@mkr-group.com

Source: MeetMe, Inc.

Attributes 319% Percent Revenue Growth to New App Features, Increased
Chat, and Increased Daily Active Users

NEW HOPE, Pa.–(BUSINESS WIRE)–
MeetMe, Inc. today announced it has been named to Deloitte’s Technology
Fast 500™, a ranking of the 500 fastest growing technology, media,
telecommunications, life sciences and energy tech companies in North
America. Rankings are based on five-year revenue growth. MeetMe grew
approximately 319% percent during this period.

Geoff Cook, MeetMe’s CEO, said, “We are honored to be recognized as one
of Deloitte’s Technology Fast 500™ for the fifth consecutive year, an
accomplishment for the entire MeetMe team. We believe our revenue growth
of approximately 319% during the five-year measurement period is a
testament to the success of the new and enhanced features that have
helped us to increase chat usage, customer engagement, and Daily Active
Users. Additionally, over the past year we have optimized our
industry-leading mobile monetization engine growing mobile revenue 73%
year-over-year from Q3 2014 to Q3 2015 and will continue our focus on
increasing daily active users and monetizing that growth.”

“Amid a fierce business climate, there seems to be no shortage of new
and established companies that are unlocking a seemingly unlimited
potential for growth and advancement through technology’s continued
disruption and proliferation across industries,” said Sandra Shirai,
principal, Deloitte Consulting LLP and U.S. technology, media and
telecommunications leader. “It is inspiring to witness the innovative
ways that companies are incorporating emerging technologies for business
gains, be it cognitive computing, or the Internet of Things. We
congratulate all those ranked on this year’s Fast 500 and look forward
to seeing their continued growth into 2016.”

“Through the efforts and utilization of new and emerging technologies
from these companies, we are witnessing greater business demands from
across almost all industries,” added Jim Atwell, national managing
partner of the emerging company practice, Deloitte & Touche LLP. “We
look forward to the opportunity to serve these companies as they strive
to grow to the next level – be it towards introducing new solutions or
entering new markets – and with it make important and long lasting
impressions on the technology market as a whole.”

About Deloitte’s 2015 Technology Fast 500™

Deloitte’s Technology Fast 500 provides a ranking of the fastest growing
technology, media, telecommunications, life sciences and energy tech
companies – both public and private – in North America. Technology Fast
500 award winners are selected based on percentage fiscal year revenue
growth from 2011 to 2014.

In order to be eligible for Technology Fast 500 recognition, companies
must own proprietary intellectual property or technology that is sold to
customers in products that contribute to a majority of the company’s
operating revenues. Companies must have base-year operating revenues of
at least $50,000 USD or CD, and current-year operating revenues of at
least $5 million USD or CD. Additionally, companies must be in business
for a minimum of four years and be headquartered within North America.

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. 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, 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 meetmecorp.com.

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 our future rate of growth and whether we will remain one
of the fastest growing technology companies, whether our five-year
revenue growth is a testament to the success of our new and enhanced
features, whether revenue, chat usage, customer engagement, and Daily
Active Users will increase in the future and if so at what rate for
each, whether our mobile monetization engine will remain industry
leading and grow mobile revenue, whether we will be successful in
continuing our focus on increasing daily active users and monetizing
that growth, and whether we will continue our growth into 2016. 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.

View source version on businesswire.com: http://www.businesswire.com/news/home/20151116005312/en/

for MeetMe, Inc.
Jeannine Jacobi, 323-903-7063
jeannine@freshpr.net

Source: MeetMe, Inc.

Mobile Revenue Increased 73% Year Over Year

Adjusted EBITDA Increased 141% Year Over Year

Adjusted EBITDA Margin Increased to 37%

NEW HOPE, Pa.–(BUSINESS WIRE)–
MeetMe, Inc. (NASDAQ: MEET), the public market leader for social
discovery, today reported financial results for its third quarter ended
September 30, 2015.

Third Quarter 2015 Financial Highlights

• Mobile revenue was $11.6 million, up 73% from the third quarter of
  2014.
• Mobile revenue represented 81% of total revenue, the highest in
  MeetMe’s history.
• Total revenue was $14.3 million, up 23% from the third quarter of 2014.
• Adjusted EBITDA was $5.2 million, an increase of 141% year over year.
  (See the important discussion about the presentation of non-GAAP
  financial measures, and reconciliation to the most direct comparable
  GAAP financial measure, below.) Third quarter 2015 adjusted EBITDA
  excludes a one-time, $5.7 million write-off of Beanstock Media’s
  accounts receivable balance, which falls outside of the Company’s
  normal range of bad debt expense.
• Adjusted EBITDA margin increased to 37%, up from 19% in the third
  quarter of 2014.
• Net loss was $2.0 million, compared to net income of $52,000 for the
  third quarter of 2014. Third quarter 2015 net income was impacted by
  the one-time, $5.7 million write-off of Beanstock Media’s accounts
  receivable balance.
• Cash and Cash Equivalents totaled $15.5 million at September 30, 2015.

Geoff Cook, Chief Executive Officer of MeetMe, stated, “In the third
quarter, we set a new revenue record, reflecting growth in both
engagement and ad pricing (or CPMs). Our mobile daily active users
increased 19% year over year and our total mobile monthly active users
increased 31% year over year. Additionally, our mobile CPMs increased
88% year over year. We believe it is significant to have achieved this
level of revenue performance in the third quarter, as the fourth quarter
is historically our strongest revenue quarter of the year, due to
seasonal trends in CPMs. We are pleased to see the positive CPM momentum
experienced in the third quarter continue to date into the fourth
quarter.”

“On the product side, by year end, we expect to launch a major revamp of
the MeetMe Plus subscription service, as well as additional native
advertising partners. Our team is also hard at work at initiatives
designed to deliver future user growth, including a significant revamp
to our Recommendation Engine and a major new feature designed to
facilitate interest-based communities.”

David Clark, Chief Financial Officer of MeetMe, added, “With continued
effective management of our mobile advertising inventory, our mobile
revenue during the quarter increased 73% year over year. Mobile revenue
represented 81% of our total quarterly revenue, the highest percentage
in our history and up from 58% in the year ago quarter. Much of that
revenue improvement flowed through to adjusted EBITDA, which increased
to $5.2 million on a year over year basis, resulting in a 37% adjusted
EBITDA margin.”

Webcast and Conference Call Details

Management will host a webcast and conference call to discuss third
quarter 2015 financial results today, November 3, 2015 at 10:30 a.m.
Eastern time. To access the call dial 888-438-5448 (+1 719-457-2664
outside the United States) and when prompted provide the participant
passcode 2164051 to the operator. In addition, a webcast of the
conference call will be available live on the Investor Relations section
of the Company’s website at www.meetmecorp.com
and a replay of the webcast will be available for 90 days.

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, 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 meetmecorp.com.

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 the significance of third quarter revenue performance in
terms of historical seasonal trends in our CPMs; whether positive CPM
momentum experienced in the third quarter continue so far into the
fourth quarter; whether we will launch a major revamp of the MeetMe Plus
subscription service and the timing of such launch; whether we will
launch additional native advertising partners and the timing of such
launch; the success of future initiatives in delivering user growth;
whether we will launch a significant revamp to our Recommendation Engine
and the timing of such launch; whether we will launch a major new
feature designed to facilitate interest-based communities and the timing
of such launch; and whether our management of our mobile advertising
inventory will continue to be effective in increasing mobile revenue..
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.