Recently Launched NextDate Dating Game Now Available to All US Users

NEW HOPE, Pa.–(BUSINESS WIRE)–
The Meet Group, Inc. (NASDAQ:MEET), a leading provider of interactive livestreaming solutions, today announced that it has released a new “Viewer Levels” feature for viewers of its popular livestreaming product. Viewer Levels is now available to users of its MeetMe and Skout mobile apps.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20191119005226/en/

(Graphic: Business Wire)

With the new product, livestreaming viewers will earn experience points, or XP, by spending time engaging with broadcasters and purchasing virtual gifts for them. On reaching certain XP thresholds, viewers will level-up through the ranks, from Rookie to Legend, while unlocking exclusive gifts like dinosaurs, dancing pineapples, castles, and more.

“After successfully launching a level-based progression system for broadcasters in July, we are now thrilled to offer a similarly gamified program for viewers to motivate them to engage even more,” said Geoff Cook, Chief Executive Officer of The Meet Group. “We believe we can further leverage these level systems to shape user behavior in the future by attaching XP bonuses or minimum level requirements to new features, contests, and promotions.”

Viewer Levels appear publicly on avatars and profiles in Live for viewers who reach Level 20. The company expects to bring the feature to its other apps by the end of the first quarter.

“Today, we are also pleased to announce that NextDate, our first-of-its-kind livestreaming dating game, is now available to all US users of our MeetMe and Skout apps,” continued Cook. “Now everyone can be the star of their very own dating game. We are pleased as well to see early performance in-line with expectations. In fact, just this weekend vDAU surpassed 900,000 for the first time since June. We look forward to growing this number further as NextDate rolls out to users in non-English markets on MeetMe and Skout later this year and to users of our apps Tagged and LOVOO in January.”

About The Meet Group

The Meet Group (NASDAQ: MEET) is a leading provider of interactive livestreaming solutions designed to meet the universal need for human connection. Our ecosystem of livestreaming apps enables users around the world to interact through one-to-many livestreaming broadcasts and text-based conversations. Our top apps, MeetMe®, LOVOO®, Skout®, Tagged® and Growlr®, deliver live interactions and meaningful connections to millions of users daily. Headquartered in New Hope, PA, we have offices in Philadelphia, San Francisco, Dresden, and Berlin. The Meet Group is committed to safety. You can find a description of current safety practices here: https://www.themeetgroup.com/safety-practices/. For more information, visit themeetgroup.com, and follow us on Facebook, Twitter or LinkedIn.

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 Levels will motivate users to engage even more, whether we can further leverage these level systems to shape user behavior in the future by attaching XP bonuses or minimum level requirements to new features, contests, and promotions, whether we will bring the feature to our other apps by the end of the first quarter, whether early performance NextDate is indicative of future performance, whether we will grow our VDAU number further as NextDate rolls out to users in non-English markets on MeetMe and Skout, and whether we will roll-our NextDate to users in non-English markets on MeetMe and Skout, as well as our Tagged and LOVOO apps, as expected. The words “believe,” “may,” “estimate,” “continue,” “anticipate,” “intend,” “should,” “plan,” “could,” “target,” “potential,” “project,” “outlook,” “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, 2018 filed with the SEC on March 8, 2019 and our Quarterly Reports on Form 10-Q for the quarters ended March 31, 2019, June 30, 2019, and September 30, 2019 filed with the SEC on May 9, 2019, July 31, 2019, and November 8, 2019, respectively. 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: https://www.businesswire.com/news/home/20191119005226/en/

Investor Contact:

Leslie Arena / larena@themeetgroup.com

(267) 714-6418

Media Contact:

Brandyn Bissinger / bbissinger@themeetgroup.com

(267) 446-7010

Source: The Meet Group, Inc.

NEW HOPE, Pa.–(BUSINESS WIRE)–
The Meet Group, Inc. (NASDAQ: MEET), a leading provider of interactive livestreaming solutions, announced it secured a place on Deloitte’s Technology Fast 500™, a ranking of the 500 fastest growing technology, media, telecommunications, life sciences and energy tech companies in North America.

The Meet Group’s Chief Executive Officer, Geoff Cook, credits strategic acquisitions and live video with the company’s 214% revenue growth in the four-year period from 2015 to 2018.

“We are honored to be named to the Deloitte’s Technology Fast 500™ list for the seventh time,” said Geoff Cook, Chief Executive Officer of The Meet Group. “Our goal is to build the best place to meet new people through video. Since 2015, we have expanded our global footprint by acquiring four mobile apps, Skout, Tagged, LOVOO and GROWLr. We are focused on accelerating growth across our portfolio of brands through innovating our livestreaming video product and sharing best practices in monetization and engagement across our mobile apps.”

“This year marks the 25^th anniversary of Deloitte’s Technology Fast 500, so we are especially pleased to announce and congratulate the 2019 winners,” said Sandra Shirai, vice chairman, Deloitte LLP, and U.S. technology, media and telecommunications leader.

“As technology innovation trends towards ‘everything as a service,’ it’s no surprise that software companies dominate the winners list yet again this year,” said Mohana Dissanayake, partner, Deloitte & Touche LLP, and industry leader for technology, media and telecommunications, within Deloitte’s audit and assurance practice. “We congratulate all the well-deserving winners.”

About The Meet Group

The Meet Group (NASDAQ: MEET) is a leading provider of interactive livestreaming solutions designed to meet the universal need for human connection. Our ecosystem of livestreaming apps enables users around the world to interact through one-to-many livestreaming broadcasts and text-based conversations. Our top apps, MeetMe®, LOVOO®, Skout®, Tagged® and Growlr®, deliver live interactions and meaningful connections to millions of users daily. Headquartered in New Hope, PA, we have offices in Philadelphia, San Francisco, Dresden, and Berlin. The Meet Group is committed to safety. You can find a description of current safety practices here: https://www.themeetgroup.com/safety-practices/. For more information, visit themeetgroup.com, and follow us on Facebook, Twitter or LinkedIn.

About Deloitte

Deloitte refers to one or more of Deloitte Touche Tohmatsu Limited, a UK private company limited by guarantee (“DTTL”), its network of member firms, and their related entities. DTTL and each of its member firms are legally separate and independent entities. DTTL (also referred to as “Deloitte Global”) does not provide services to clients. In the United States, Deloitte refers to one or more of the US member firms of DTTL, their related entities that operate using the “Deloitte” name in the United States and their respective affiliates. Certain services may not be available to attest clients under the rules and regulations of public accounting. Please see www.deloitte.com/about to learn more about our global network of member firms.

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 we will build the best place to meet new people through video; whether we will be successful in accelerating growth across our portfolio of brands through innovating our livestreaming video product and sharing best practices in monetization and engagement across our mobile apps. 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,” “outlook,” “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, 2018 filed with the SEC on March 8, 2019 and our Quarterly Reports on Form 10-Q for the quarters ended March 31, 2019, June 30, 2019, and September 30, 2019 filed with the SEC on May 9, 2019, July 31, 2019, and November 8, 2019, respectively. 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: https://www.businesswire.com/news/home/20191112005253/en/

Investor Contact:

Leslie Arena
larena@themeetgroup.com

267 714 6418

Media Contact:

Brandyn Bissinger
bbissinger@themeetgroup.com

267 446 7010

Source: The Meet Group, Inc.

NEW HOPE, Pa.–(BUSINESS WIRE)–
The Meet Group, Inc. (NASDAQ: MEET), a leading provider of interactive livestreaming solutions, today reported financial results for its third quarter ended September 30, 2019.

Third Quarter 2019 Financial Highlights

• Total revenue of $52.6 million, up 15% from the prior year quarter.
• GAAP net income of $3.0 million, or $0.04 per diluted share, compared to a GAAP net income of $1.3 million or $0.02 per diluted share in the prior year quarter.
• Adjusted EBITDA of $11.0 million, compared to Adjusted EBITDA of $8.7 million in the prior year quarter.
• Non-GAAP net income of $10.1 million, or $0.13 per diluted share, compared to $7.6 million, or $0.10 per diluted share, in the prior year quarter.

(See the important discussion about the presentation of non-GAAP financial measures, and reconciliation to the most direct comparable GAAP financial measures, below.)

“We had a strong third quarter and we are off to a good start in the fourth quarter,” said Geoff Cook, Chief Executive Officer of The Meet Group. “Our product strategy and execution contributed to growing revenue and adjusted EBITDA, resulting in record-high free cash flow in the third quarter that we used to repurchase our stock. With the launch of Streamer Levels and one-on-one video chat, we are giving users even more reasons to engage in video. Just last week we further expanded our product portfolio with the launch of NextDate, our new livestreaming dating game. While early, in markets where NextDate is available, we’re seeing an approximately 20% increase in daily video users versus September, the month prior to launch.

“Video revenue for the third quarter grew approximately 85% from the prior year quarter to $20.3 million,” continued Cook. “Global average revenue per daily active video user was $0.27 cents in the quarter, and across our apps we had an average of 829,000 daily video users (20% of our total mobile daily active users where video is available). We expect to grow video revenue in the fourth quarter by 10-16% sequentially as new products and features contribute to increasing user engagement. Video revenue in October exceeded video revenue in every month of the third quarter. Furthermore the Company expects November and December video revenue to continue to increase from October.

“Advertising results for the quarter were also solid. Mobile ad revenue, which comprises approximately 90% of our total advertising revenue, grew year-over-year for the first time since the first quarter of 2017. We believe this progress sets the stage for continued positive momentum in the fourth quarter of 2019 and throughout 2020.

“In the third quarter we repurchased 3.4 million shares of our stock for $12 million, directing 100% of our free cash flow in the quarter toward repurchases. Since authorizing our share repurchase plan in June 2019, the Company has repurchased $17.7 million (4.8 million shares) through November 5, 2019. We expect to continue to repurchase shares pursuant to our share repurchase program.

“Looking to the fourth quarter and longer term, we believe we have compelling products that position us well for future growth. We remain confident that our product pipeline and capital allocation strategy will continue to deliver value to our shareholders.”

Third Quarter Financial Results

For the third quarter of 2019, the Company reported revenue of $52.6 million, an increase of $6.9 million, or 15%, from $45.7 million in the third quarter of 2018. GAAP net income for the third quarter of 2019 was $3.0 million, or $0.04 per diluted share, compared to GAAP net income of $1.3 million or $0.02 per diluted share in the third quarter of 2018. Adjusted EBITDA for the third quarter of 2019 was $11.0 million, compared to $8.7 million in the third quarter of 2018. Non-GAAP net income for the third quarter of 2019 was $10.1 million, or $0.13 per diluted share, compared to $7.6 million, or $0.10 per diluted share, in the third quarter of 2018.

The Company ended the quarter with $27.5 million in cash and cash equivalents.

Company Outlook

The Company is providing the following outlook for the fourth quarter and full year 2019.

Fourth quarter 2019:

• Revenue in the range of $56.9 million to $58.4 million.
• Adjusted EBITDA in the range of $12.6 million to $13.1 million.

Full year 2019:

• Revenue in the range of $211.0 million to $212.5 million
• Adjusted EBITDA in the range of $41.5 million to $42.0 million.

Webcast and Conference Call Details

Management will host a webcast and conference call to discuss third quarter 2019 financial results today, November 7, 2019 at 8:30 a.m. Eastern time. To access the call dial 866-572-9351 (US and Canada) or 703-736-7482 (International) and when prompted provide the participant passcode 5917786 to the operator. An audio replay will be available at 855-859-2056 domestically or 404-537-3406 internationally, using passcode 5917786 through November 14, 2019. In addition, a webcast of the conference call will be available live on the Investor Relations section of the Company’s website at www.themeetgroup.com and a replay of the webcast will be available for 90 days.

About The Meet Group

The Meet Group (NASDAQ: MEET) is a leading provider of interactive livestreaming solutions designed to meet the universal need for human connection. Our ecosystem of livestreaming apps enables users around the world to interact through one-to-many livestreaming broadcasts and text-based conversations. Our top apps, MeetMe®, LOVOO®, Skout®, Tagged® and Growlr®, deliver live interactions and meaningful connections to millions of users daily. Headquartered in New Hope, PA, we have offices in Philadelphia, San Francisco, Dresden, and Berlin. The Meet Group is committed to safety. You can find a description of current safety practices here: https://www.themeetgroup.com/safety-practices/. For more information, visit themeetgroup.com, and follow us on Facebook, Twitter or LinkedIn.

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 start of our fourth quarter will be indicative of the rest of the quarter; the launch of Streamer Levels and one-on-one video chat will give users more reasons to engage in video; whether the increase in daily video users following the release of NextDate will continue; whether we will grow video revenue and daily active video users in the fourth quarter as expected; whether our new products and features will contribute to increasing user engagement as expected; whether November and December video revenue to continue to increase from October; whether video revenue in November and December 2019 will continue to grow as expected; whether we will experience positive ad momentum in the fourth quarter and throughout 2020; whether we will continue our share repurchase program as expected; whether in the fourth quarter and beyond our video products will position us well for future growth; whether our product pipeline and capital allocation strategy will continue to deliver value to our shareholders; whether fourth quarter and full year 2019 revenue will be within our predicted range; and whether fourth quarter and full year 2019 adjusted EBITDA will be within our predicted range. 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,” “outlook,” “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, 2018 filed with the SEC on March 8, 2019 and our Quarterly Reports on Form 10-Q for the quarters ended March 31, 2019 and June 30, 2019 filed with the SEC on May 9, 2019 and July 31, 2019, respectively. 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 Measures

The Company defines mobile traffic and engagement metrics (including MAU, DAU, chats per day, and new users per day) to include mobile app traffic for all properties and mobile web traffic for MeetMe, Skout and LOVOO. The Company defines Video Daily Active User (vDAU) as a registered user of one of our platforms who has logged in and visited the Live feature, either as a broadcaster or viewer, on the day of measurement. The Company defines Average Video Revenue per Daily Active User (vARPDAU) as the average daily revenue per vDAU. The Company uses these user metrics for financial and operational decision-making and as a means to evaluate period-to-period comparisons. The Company presents user metrics 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 its industry and because it believes that these metrics provide useful information to investors regarding the Company’s financial condition and results of operations. There is no directly comparable U.S. generally accepted accounting principles (GAAP) measure to vARPDAU provided in the Company’s financial statements and therefore no reconciliation is provided.

The Company uses Adjusted EBITDA, Non-GAAP Net Income and Free Cash Flow, which are not calculated and presented in accordance with 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 for these historical non-GAAP financial measures to their directly comparable GAAP financial measures. Information reconciling forward-looking Adjusted EBITDA to GAAP financial measures is unavailable to the Company without unreasonable effort. The Company is not able to provide reconciliations of Adjusted EBITDA to GAAP financial measures because certain items required for such reconciliations are outside of the Company’s control and/or cannot be reasonably predicted, such as the provision for income taxes. Preparation of such reconciliations would require a forward-looking balance sheet, statement of income and statement of cash flow, prepared in accordance with GAAP, and such forward-looking financial statements are unavailable to the Company without unreasonable effort. The Company provides a range for its Adjusted EBITDA outlook that it believes will be achieved, however it cannot accurately predict all the components of the Adjusted EBITDA calculation.

The Company defines Adjusted EBITDA as earnings (or loss) from operations before interest expense, benefit or provision for income taxes, depreciation and amortization, stock-based compensation, non-recurring acquisition, restructuring or other expenses, gain or loss on disposal of assets, gain or loss on foreign currency transactions, bad debt expense outside the normal range, and goodwill and long-lived asset impairment charges, if any. The Company excludes stock-based compensation because it is non-cash in nature. The Company defines Non-GAAP Net Income as earnings (or loss) before benefit or provision for income taxes, amortization on intangibles, non-recurring acquisition and restructuring costs, goodwill and long-lived asset impairment charges and non-cash stock-based compensation. The Company defines Free Cash Flow as net cash provided by or used in its operating activities, minus purchases of property and equipment, as shown in the consolidated statements of cash flows.

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: https://www.businesswire.com/news/home/20191107005472/en/

Investor Contact:

Leslie Arena
larena@themeetgroup.com

267 714 6418

Media Contact:

Brandyn Bissinger
bbissinger@themeetgroup.com

267 446 7010

Source: The Meet Group, Inc.

Now, Everyone Can be the Star of Their Own Dating Game

NEW HOPE, Pa.–(BUSINESS WIRE)–
The Meet Group, Inc. (NASDAQ: MEET), a leading provider of interactive livestreaming solutions, today announced the launch of NextDate™, a new livestreaming dating game, to users of its popular MeetMe and Skout mobile applications.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20191029005389/en/

Now, Everyone Can be the Star of Their Own Dating Game! (Graphic: Business Wire)

NextDate allows users to star in their own dating game. “NextDate is like speed dating, except that there’s an audience and the contestant gets to choose the specific people they’d like to connect with,” said Geoff Cook, CEO of The Meet Group. “We’ve gamified speed dating to add comments and a rating system called the Love-o-meter, while also enabling viewers to take their chances to date any streamer who is currently playing NextDate.”

In NextDate a streamer has 90 seconds to tap “Next,” which ends the current pairing and skips to the next contestant in the queue, or “Date,” which reciprocates the contestant’s interest and enables the two users to connect by 1:1 video chat in the future. NextDate provides hundreds of prompts to help the streamer get to know the contestant and evaluate their compatibility. The launch also includes a new “Date” tab within the Live section to make it easy to find nearby and trending people playing the game, and to filter by age, gender, and location. The game is monetized today via the same virtual gifting engine that has enabled The Meet Group to grow Live to an $80+ million annualized video business within two years.

The patent-pending dating game provides a livestreaming twist on a common format: the television dating game. Added Cook, “We believe more and more linear programming experiences will have a livestreaming analog, and we don’t believe anyone has yet cracked the code on the livestreaming dating game. We see NextDate as a way to further grow our video audience with a new type of content that resonates with our biggest segment: users interested in dating.

“As we conducted user research prior to building the game, we found that 95% of surveyed users would be willing to meet in real life with someone they first met through a livestreaming dating game. We also found that many of our users are interested in dating a streamer. We believe NextDate will help us expand the reach of our video products to our most dating-oriented users.

“We remain committed to achieving our goal of increasing our video audience by 20% by the first quarter of next year. While early, we are heartened that in the UK, where NextDate has been in beta-test mode, daily video viewers expanded by 20% when comparing the 21-day beta period to the average of the month of September.

“We have activated multiple initiatives designed to drive video usage, and to further that, we expect to launch NextDate on our other apps, Tagged and LOVOO, in the coming months, while also improving the game with a ‘blind date’ function as well as a new method of monetization that enables contestants to pay to skip the line and try to date a popular streamer more quickly.”

NextDate is available today on the MeetMe and Skout apps to English-language users to join as a contestant and to top streamers to join as the star. Within the coming weeks, the feature will be available to everyone to join as either the star or the contestant.

About The Meet Group

The Meet Group (NASDAQ: MEET) is a leading provider of interactive livestreaming solutions designed to meet the universal need for human connection. Our ecosystem of livestreaming apps enables users around the world to interact through one-to-many livestreaming broadcasts and text-based conversations. Our top apps, MeetMe®, LOVOO®, Skout®, Tagged® and Growlr®, deliver live interactions and meaningful connections to millions of users daily. Headquartered in New Hope, PA, we have offices in Philadelphia, San Francisco, Dresden, and Berlin. The Meet Group is committed to safety. You can find a description of current safety practices here: https://www.themeetgroup.com/safety-practices/. For more information, visit themeetgroup.com, and follow us on Facebook, Twitter or LinkedIn.

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 a patent will issue for NextDate, whether more and more linear programming experiences will have a livestreaming analog; whether anyone has cracked the code on the livestreaming dating game; whether NextDate enable us to further grow our video audience with a new type of content that resonates with users interested in dating; whether NextDate will help us expand the reach of our video products to our most dating-oriented users; whether we will achieve our goal of increasing our video audience by 20% by Q1 of next year; whether our early tests of NextDate are indicative of future performance in terms of daily video viewers; whether our initiatives will drive video usage; whether we will launch NextDate on Tagged and LOVOO in the coming months, while also improving the game with a ‘blind date’ function as well as a new method of monetization that enables contestants to pay to skip the line and try to date a popular streamer more quickly. 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,” “outlook,” “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, 2018 filed with the SEC on March 8, 2019. 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: https://www.businesswire.com/news/home/20191029005389/en/

Investor Contact: 

Leslie Arena 

larena@themeetgroup.com

267 714 6418

Media Contact: 

Brandyn Bissinger 

bbissinger@themeetgroup.com

267 446 7010

Source: The Meet Group, Inc.

NEW HOPE, Pa.–(BUSINESS WIRE)–
The Meet Group, Inc. (NASDAQ: MEET), a leading provider of interactive livestreaming solutions, today announced that its third quarter 2019 financial results will be issued in a press release on Thursday, November 7, 2019, before the open of the market. The company will host a conference call at 8:30 a.m. ET to discuss the financial results with the investment community.

About The Meet Group

The Meet Group (NASDAQ: MEET) is a leading provider of interactive livestreaming solutions designed to meet the universal need for human connection. Our ecosystem of livestreaming apps enables users around the world to interact through one-to-many livestreaming broadcasts and text-based conversations. Our top apps, MeetMe®, LOVOO®, Skout®, Tagged® and Growlr®, deliver live interactions and meaningful connections to millions of users daily. Headquartered in New Hope, PA, we have offices in Philadelphia, San Francisco, Dresden, and Berlin. The Meet Group is committed to safety. You can find a description of current safety practices here: https://www.themeetgroup.com/safety-practices/. For more information, visit themeetgroup.com, and follow us on Facebook, Twitter or LinkedIn.

View source version on businesswire.com: https://www.businesswire.com/news/home/20191023005149/en/

Investor Contact:

Leslie Arena
larena@themeetgroup.com

267 714 6418

Media Contact:

Brandyn Bissinger
bbissinger@themeetgroup.com

267 446 7010

Source: The Meet Group, Inc.

NEW HOPE, Pa.–(BUSINESS WIRE)–
The Meet Group, Inc. (NASDAQ: MEET), a leading provider of interactive livestreaming solutions, today announced that its Board of Directors has approved the adoption of a tax benefits preservation plan (or “the plan”) in the form of a Section 382 Rights Agreement designed to protect and preserve The Meet Group’s substantial tax assets primarily associated with net operating loss carryforwards or NOLs that could potentially be utilized in certain circumstances to offset The Meet Group’s future taxable income and reduce its federal income tax liability.

As of December 31, 2018, The Meet Group had approximately $63.1 million of (pre-tax) U.S. federal net operating loss carryforwards or NOLs that could potentially be utilized in certain circumstances to offset The Meet Group’s future taxable income and reduce its federal income tax liability. Additional information with respect to these NOLs is contained in The Meet Group’s Annual Report on Form 10-K for the fiscal year ended December 31, 2018 which The Meet Group filed with the Securities and Exchange Commission on March 8, 2019.

Section 382 of the Internal Revenue Code imposes limitations on the future use of a company’s NOLs if it undergoes an “ownership change.” The Meet Group’s ability to benefit from its tax assets would be substantially limited by Section 382 if an “ownership change” occurred. A company experiences an “ownership change” for tax purposes if the percentage of stock owned by one or a group of its 5% stockholders (as defined for tax purposes) increases by more than 50 percentage points over a rolling three-year period over the lowest percentage of stock of such corporation owned by such stockholders at any time during that period.

The Meet Group’s tax benefits preservation plan is similar to those adopted by numerous other public companies with significant NOLs. In order to protect The Meet Group’s NOLs from being limited or permanently lost under Section 382, the tax benefits preservation plan is intended to reduce the likelihood of an unintended “ownership change” occurring through the buying and selling of The Meet Group’s common stock, $0.001 par value per share (the “common stock”) by deterring any person or group from acquiring beneficial ownership of 4.99% or more of The Meet Group’s outstanding common stock without the approval of the Board. There is no assurance, however, that the tax benefits preservation plan will prevent The Meet Group from experiencing an “ownership change.”

Under the terms of the tax benefits preservation plan, The Meet Group will distribute to its stockholders one preferred stock purchase right for each share of The Meet Group’s common stock held as of the close of business on October 15, 2019. Any shares of common stock issued after the October 15, 2019 record date will be issued together with associated preferred stock purchase rights.

Under the tax benefits preservation plan, the rights will initially trade with The Meet Group, Inc.’s common stock. The rights will generally become exercisable only if a person (or any persons acting as a group) acquires beneficial ownership of 4.99% or more of The Meet Group’s outstanding common stock, without the approval of the Board, after the first public announcement by The Meet Group of the adoption of the tax benefits preservation plan. A person or group who acquires, without the approval of the Board, beneficial ownership of 4.99% or more of The Meet Group’s outstanding common stock could be subject to significant dilution. If the preferred stock purchase rights become exercisable, all holders of rights, other than the person or group triggering the rights, will be entitled to purchase The Meet Group’s common stock at a 50% discount. Preferred stock purchase rights held by the person or group triggering the rights will become void and will not be exercisable or transferable. Under the plan, beneficial ownership of shares is calculated in accordance with the applicable rules of Section 382 of the Internal Revenue Code.

Stockholders who beneficially owned 4.99% or more of The Meet Group’s outstanding common stock prior to the first public announcement by The Meet Group of the adoption of the tax benefits preservation plan will not trigger any penalties under the tax benefits preservation plan so long as they do not acquire beneficial ownership of any additional shares of common stock (other than pursuant to a stock split, stock dividend, reclassification or similar transaction effected by The Meet Group) at a time when they still beneficially own 4.99% or more of such common stock. The Board also has the discretion to exempt any acquisition of The Meet Group’s common stock from the provisions of the tax benefits preservation plan.

The preferred stock purchase rights and the tax benefits preservation plan will expire no later than October 4, 2022. The preferred stock purchase rights and the tax benefits preservation plan may also expire on an earlier date upon the occurrence of other events, including a determination by The Meet Group’s Board that (i) the tax benefits preservation plan is no longer necessary or desirable for the preservation of The Meet Group’s tax attributes, or (ii) no tax attributes may be carried forward (with such expiration occurring as of the beginning of the applicable taxable year).The preferred stock purchase rights may also be redeemed, exchanged, or terminated prior to their expiration.

The distribution of the preferred stock purchase rights pursuant to the tax benefits preservation plan will not affect The Meet Group’s reported earnings per share and such distribution should not be taxable to The Meet Group or its stockholders.

The Meet Group intends to submit the tax benefits preservation plan, which is similar to tax benefits preservation plans adopted by many other public companies with significant tax assets, for stockholder ratification at its next annual meeting of stockholders.

Additional information with respect to the tax benefits preservation plan will be contained in the related Current Report on Form 8-K and Registration Statement on Form 8-A that The Meet Group is filing with the Securities and Exchange Commission. Copies of these documents can be obtained, when available, at the SEC’s internet website at www.sec.gov.

Morgan, Lewis & Bockius LLP is serving as The Meet Group’s legal advisor.

About The Meet Group

The Meet Group (NASDAQ: MEET) is a leading provider of interactive livestreaming solutions designed to meet the universal need for human connection. Our ecosystem of livestreaming apps enables users around the world to interact through one-to-many livestreaming broadcasts and text-based conversations. Our top apps, MeetMe^®, LOVOO^®, Skout^®, Tagged^® and Growlr^®, deliver live interactions and meaningful connections to millions of users daily. Headquartered in New Hope, PA, we have offices in Philadelphia, San Francisco, Dresden, and Berlin. The Meet Group is committed to safety. You can find a description of current safety practices here: https://www.themeetgroup.com/safety-practices/. For more information, visit themeetgroup.com, and follow us on Facebook, Twitter or LinkedIn.

Forward-Looking Statements

This press release contains “forward-looking statements” as defined under the U.S. federal securities laws, including the Private Securities Litigation Reform Act of 1995, and is subject to the safe harbors created by such laws. Forward-looking statements contained in this press release may relate to, but are not limited to, statements regarding our future taxable income, our ability to utilize and realize the value of our net operating loss carryforwards and how they could be substantially limited if we experienced an ownership change as defined in Section 382 of the Internal Revenue Code and whether the tax benefits preservation plan will reduce the likelihood of such an unintended ownership change from occurring. Such forward-looking statements are based on current expectations that involve a number of known and unknown risks, uncertainties and other factors which may cause actual events to be materially different from those expressed or implied by such forward-looking statements. Information on factors that may impact these forward-looking statements can be found in the “Management’s Discussion and Analysis of Financial Condition and Results of Operations” and “Risk Factors” sections contained in The Meet Group’s periodic reports filed with the Securities and Exchange Commission, including, but not limited to, its latest Annual Report on Form 10-K and its latest Quarterly Report on Form 10-Q, copies of which may be obtained from www.sec.gov. The forward-looking statements in this press release are made as of the date hereof. Notwithstanding changes that may occur with respect to matters relating to any forward-looking statements, The Meet Group assumes no obligation to publicly update, amend or clarify its forward-looking statements, whether as a result of new information, future events or otherwise, except as may otherwise be required by the federal securities laws. The Meet Group, however, reserves the right to update such statements or any portion thereof at any time for any reason.

View source version on businesswire.com: https://www.businesswire.com/news/home/20191004005465/en/

Investor Contact: 

Leslie Arena 

larena@themeetgroup.com 

267-714-6418

Media Contact: 

Brandyn Bissinger 

bbissinger@themeetgroup.com 

267-446-7010

Source: The Meet Group, Inc.

NEW HOPE, Pa.–(BUSINESS WIRE)–
The Meet Group, Inc. (NASDAQ: MEET), a leading provider of interactive livestreaming solutions, today pre-released selected preliminary financial information for its third quarter 2019. This announcement was made ahead of the Company’s presentation at the 5^th Annual B. Riley FBR Consumer & Media Conference in New York City, scheduled for 4:00pm ET today.

For the third quarter 2019, the Company expects:

• Revenue to be in the range of $52.0 million to $52.3 million, an increase from the Company’s prior expectations of $50.5 million to $51.0 million
• Adjusted EBITDA to be in the range of $10.4 million to $10.6 million, an increase from the Company’s prior expectations of $9.3 million to $9.5 million.
• Adjusted EBITDA margin of 20%
• Video revenue to be at least $20 million, an increase from previous expectations of $19 million.

“We are encouraged by our results for the third quarter,” said Geoff Cook, Chief Executive Officer of The Meet Group. “New features including streamer levels, VIP badges, first time buyer bonuses and one-on-one video chat are contributing to meaningful business results. Further, we believe that the moderation-related headwinds related to our recent safety enhancements are largely behind us.

“We are particularly excited to begin rolling out our livestreaming dating game to our MeetMe app in the coming weeks. Given the ongoing stabilization in our advertising business, we anticipate a seasonally strong fourth quarter in advertising. Reflecting our optimism, we are committed to continuing to deliver value to shareholders through stock buybacks. From July 15, 2019 through September 30, 2019, we repurchased approximately $12.2 million in stock, or approximately 3.4 million shares.”

The Company has not yet closed and not yet finalized its financial statement review process for the third quarter 2019. As a result, the information in this release is preliminary and based upon information available to the Company as of the date of this release, and thus remains subject to the completion of the normal quarter-end accounting procedures and adjustments. During the course of the Company’s review process, items may be identified that would require the Company to make adjustments, which could result in changes to its preliminary selected financial information above. As a result, the preliminary selected financial information above is forward-looking information and subject to risks and uncertainties, including possible adjustments to such information. The Company expects to report its third quarter 2019 results in November of 2019.

About The Meet Group

The Meet Group (NASDAQ: MEET) is a leading provider of interactive livestreaming solutions designed to meet the universal need for human connection. Our ecosystem of livestreaming apps enables users around the world to interact through one-to-many livestreaming broadcasts and text-based conversations. Our top apps, MeetMe®, LOVOO®, Skout®, Tagged® and Growlr®, deliver live interactions and meaningful connections to millions of users daily. Headquartered in New Hope, PA, we have offices in Philadelphia, San Francisco, Dresden, and Berlin. The Meet Group is committed to safety. You can find a description of current safety practices here: https://www.themeetgroup.com/safety-practices/. For more information, visit themeetgroup.com, and follow us on Facebook, Twitter or LinkedIn.

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 third quarter 2019 revenue, Adjusted EBITDA, Adjusted EBITDA margin, and video revenue will be as expected, whether the moderation-related headwinds related to our recent safety enhancements are largely behind us, whether we will roll out our livestreaming dating game to our MeetMe app in the coming weeks, whether we will continue to experience ongoing stabilization in our advertising business, whether we will have a seasonally strong fourth quarter, whether we will continue to buy back shares as anticipated, and whether we will report our third quarter 2019 results as expected. 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,” “outlook,” “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, 2018 filed with the SEC on March 8, 2019. 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 defines video revenue as revenue from virtual credits, points or gold purchased through our applications or websites that are then used to purchase virtual gifts for other users. Video revenue excludes incented advertising, even if the advertisement is viewed within the video product. The Company uses Adjusted EBITDA, which is 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 defines Adjusted EBITDA as earnings or loss from operations before interest expense, benefit from or provision for income taxes, depreciation and amortization, stock-based compensation, non-recurring acquisition, restructuring or other expenses, gain or loss on cumulative foreign currency exchange transactions, gain or loss on sale of assets, bad debt expense outside the normal range, and goodwill and long-lived asset impairment charges. The Company excludes stock-based compensation because it is non-cash in nature. The Company has not included a GAAP reconciliation of Adjusted EBITDA because such reconciliation could not be produced without unreasonable effort.

View source version on businesswire.com: https://www.businesswire.com/news/home/20191003005241/en/

Investor Contact:

Leslie Arena
larena@themeetgroup.com

267-714-6418

Media Contact:

Brandyn Bissinger
bbissinger@themeetgroup.com

267-446-7010

Source: The Meet Group, Inc.

NEW HOPE, Pa.–(BUSINESS WIRE)–
The Meet Group, Inc. (NASDAQ: MEET), a leading provider of interactive livestreaming solutions, today announced that its CEO, Geoff Cook, will present at the 5^th Annual B. Riley FBR Consumer & Media Conference at 4:00 PM ET on Thursday, October 3, at the Sofitel New York.

The Company will also be hosting one-on-one meetings with institutional investors.

A live and archived audio webcast of the Company’s presentation with presentation slides will be available on the Investor Relations section of The Meet Group’s website at http://ir.themeetgroup.com.

About The Meet Group

The Meet Group (NASDAQ: MEET) is a leading provider of interactive livestreaming solutions designed to meet the universal need for human connection. Our ecosystem of livestreaming apps enables users around the world to interact through one-to-many livestreaming broadcasts and text-based conversations. Our top apps, MeetMe®, LOVOO®, Skout®, Tagged® and Growlr®, deliver live interactions and meaningful connections to millions of users daily. Headquartered in New Hope, PA, we have offices in Philadelphia, San Francisco, Dresden, and Berlin. The Meet Group is committed to safety. You can find a description of current safety practices here: https://www.themeetgroup.com/safety-practices/. For more information, visit themeetgroup.com, and follow us on Facebook, Twitter or LinkedIn.

View source version on businesswire.com: https://www.businesswire.com/news/home/20190930005081/en/

Investor Contact:

Leslie Arena
larena@themeetgroup.com

267-714-6418

Media Contact:

Brandyn Bissinger
bbissinger@themeetgroup.com

267-446-7010

Source: The Meet Group, Inc.

– New $60 million credit facility improves financial flexibility and cash flow; increases allowable annual share repurchase threshold

– $9 million in shares bought back since July

NEW HOPE, Pa.–(BUSINESS WIRE)–
The Meet Group, Inc. (NASDAQ: MEET), a leading provider of interactive livestreaming solutions, today announced the successful completion of its debt refinancing and reported on its share repurchase progress.

The new $60 million credit facility consists of a $35 million term loan which was fully drawn at closing and a $25 million revolving line of credit for general corporate purposes. The new facility replaces and terminates the Company’s prior facility. The new term loan matures on August 29, 2022 and amortizes at 10% per year, a reduction from 25% per year in the prior facility.

Geoff Cook, CEO of The Meet Group, commented, “The strong execution of our livestreaming video strategy has enabled us to improve our financial position and successfully refinance our debt. In addition to reducing our cost of borrowing, the new debt facility allows for increased annual spending for share repurchases of up to $30 million annually, up from $10 million annually allowed under the prior facility.

“We have been actively buying the Company’s stock over the past several months and are committed to continuing the program,” added Cook. “We believe that current prices provide an attractive basis for repurchase.”

As of August 30, 2019, the Company had repurchased 2.54 million shares of its common stock for approximately $9 million under the current $30 million plan authorized through 2021.

The new credit facility was provided through a banking syndicate arranged by BofA Securities, Inc. and JPMorgan Chase Bank, N.A.

About The Meet Group

The Meet Group (NASDAQ: MEET) is a leading provider of interactive livestreaming solutions designed to meet the universal need for human connection. Our ecosystem of livestreaming apps enables users around the world to interact through one-to-many livestreaming broadcasts and text-based conversations. Our top apps, MeetMe®, LOVOO®, Skout®, Tagged® and Growlr®, deliver live interactions and meaningful connections to millions of users daily. Headquartered in New Hope, PA, we have offices in Philadelphia, San Francisco, Dresden, and Berlin. The Meet Group is committed to safety. You can find a description of current safety practices here: https://www.themeetgroup.com/safety-practices/. For more information, visit themeetgroup.com, and follow us on Facebook, Twitter or LinkedIn.

Forward-Looking Statements

Certain statements in this press release made by The Meet Group, Inc. are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including whether the $25 million revolving line of credit will be available for future needs; whether we will increase our share buybacks to $30 million annual limit; and whether we will continue to repurchase shares at current prices as expected. 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,” “outlook,” “is likely,” “expect” and similar expressions, as they relate to us, are intended to identify forward-looking statements. 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, 2018 filed with the SEC on March 8, 2019. 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: https://www.businesswire.com/news/home/20190904005309/en/

Investor Contact:

Leslie Arena
larena@themeetgroup.com

267-714-6418

Media Contact:

Brandyn Bissinger
bbissinger@themeetgroup.com

267-446-7010

Source: The Meet Group, Inc.

NEW HOPE, Pa.–(BUSINESS WIRE)–
The Meet Group, Inc. (NASDAQ: MEET), a leading provider of interactive livestreaming solutions, today reported financial results for its second quarter ended June 30, 2019.

Second Quarter 2019 Financial Highlights

• Total revenue of $52.0 million, up 22% from the prior year quarter.
• GAAP net income of $2.2 million, or $0.03 per diluted share, compared to a GAAP net loss of $0.2 million or $0.00 per diluted share in the prior year quarter.
• Adjusted EBITDA of $9.8 million, compared to Adjusted EBITDA of $7.6 million in the prior year quarter.
• Non-GAAP net income of $8.8 million, or $0.11 per diluted share, compared to $6.4 million, or $0.08 per diluted share, in the prior year quarter.

(See the important discussion about the presentation of non-GAAP financial measures, and reconciliation to the most direct comparable GAAP financial measures, below.)

“Strong execution in video continued to drive our business growth,” said Geoff Cook, Chief Executive Officer of The Meet Group. “We grew revenue 22% from the prior year quarter to a new record high fueled by video revenue growth of 150% over the same period. We increased adjusted EBITDA by 29% and we generated $10.2 million in free cash flow – the highest quarterly free cash flow in our history.

“Our video results in the quarter were solid,” continued Cook. “We grew daily active video users (“vDAU”) on our platform to 892,000, or roughly 21% of users on our apps where Live is available. Average video revenue per daily active video user (“vARPDAU”) was $0.26 in the quarter, up from $0.15 for the prior year quarter and flat sequentially on higher video daily active users.

“During the quarter we completed the development of several new products including Levels and 1×1 video chat, and we launched those products on our MeetMe app earlier this month. We also further strengthened user safety on our platform with the introduction of industry-first safety practices including: prominent abuse reporting; an ongoing safety education pledge; and more stringent content moderation standards. We now require streamers to review and acknowledge our standards prior to initiating every new stream, and we are developing a comprehensive safety pledge system to educate users on dating and livestreaming safety.

“We believe these enhancements will set the foundation for the successful launch of our first livestreaming dating game in the fourth quarter of this year. We believe that continuous improvements in our safety practices will provide a solid foundation on which we can grow video revenue over the long term, although we note that in the short-run we expect some pressure to video revenue as we educate our community on our updated processes.

“Looking to the opportunity ahead in video, we continue to execute against our long-term plan to generate $200 million of annualized video revenue by year end 2021. We believe we can grow vDAU share to 25% and beyond by early 2020 on the back of the successful launch of our livestreaming dating game and that we will continue to grow vARPDAU with our recent launch of Levels and VIP badges. As such, we expect to aggressively buyback our stock throughout the second half of this year per our recently instituted $30 million share repurchase authorization.”

Second Quarter Financial Results

For the second quarter of 2019, the Company reported revenue of $52.0 million, an increase of $9.2 million, or 22%, from $42.8 million in the second quarter of 2018. GAAP net income for the second quarter of 2019 was $2.2 million, or $0.03 per diluted share, compared to a GAAP net loss of $0.2 million or $0.00 per diluted share in the second quarter of 2018. Adjusted EBITDA for the second quarter of 2019 was $9.8 million, compared to $7.6 million in the second quarter of 2018. Non-GAAP net income for the second quarter of 2019 was $8.8 million, or $0.11 per diluted share, compared to $6.4 million, or $0.08 per diluted share, in the second quarter of 2018.

The Company ended the quarter with $26.1 million in cash and cash equivalents.

Company Outlook

The Company is providing the following outlook for the third quarter and full year 2019.

Third quarter 2019:

• Revenue in the range of $50.5 million to $51.0 million
• Adjusted EBITDA in the range of $9.3 million to $9.5 million

Full year 2019:

• Revenue to be within the lower end of the previously issued range of $210.0 million to $215.0 million
• Adjusted EBITDA to continue to be in the range of previously issued guidance of $39.0 million to $42.0 million

Webcast and Conference Call Details

Management will host a webcast and conference call to discuss second quarter 2019 financial results today, July 31, 2019 at 8:30 a.m. Eastern time. To access the call dial 866-572-9351 (US and Canada) or 703-736-7482 (International) and when prompted provide the participant passcode 7712889 to the operator. An audio replay will be available at 855-859-2056 domestically or 404-537-3406 internationally, using passcode 7712889 through August 7,2019. In addition, a webcast of the conference call will be available live on the Investor Relations section of the Company’s website at www.themeetgroup.com and a replay of the webcast will be available for 90 days.

About The Meet Group

The Meet Group (NASDAQ: MEET) is a leading provider of interactive livestreaming solutions designed to meet the universal need for human connection. Our ecosystem of livestreaming apps enables users around the world to interact through one-to-many livestreaming broadcasts and text-based conversations. Our top apps, MeetMe®, LOVOO®, Skout®, Tagged® and Growlr®, deliver live interactions and meaningful connections to millions of users daily. Headquartered in New Hope, PA, we have offices in Philadelphia, San Francisco, Dresden, and Berlin. The Meet Group is committed to safety. You can find a description of current safety practices here: https://www.themeetgroup.com/safety-practices/. For more information, visit themeetgroup.com, and follow us on Facebook, Twitter or LinkedIn.

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 third quarter 2019 and full year 2019 revenue and Adjusted EBITDA will be in the projected outlook ranges; whether strong execution in video will continue to drive our business growth; whether we will continue to require streamers to review and acknowledge our standards prior to initiating every new stream; whether we will develop a comprehensive safety pledge system to educate users on dating and livestreaming safety as anticipated; whether our safety enhancements will set the foundation for the successful launch of our first livestreaming dating game; whether we will launch our livestreaming dating game in the fourth quarter as anticipated; whether our safety enhancements will set the foundation for the successful launch of our first livestreaming dating game in the fourth quarter of this year; whether we will launch our livestreaming dating game in the fourth quarter of this year; whether we will continuously improve our safety practices as anticipated and whether such improvements will provide a solid foundation on which we can grow video revenue over the long term; whether in the short-term there will be there will be pressure to video revenue as we educate our community on our updated processes; whether we will generate $200 million of annualized video revenue by year end 2021; whether we will grow vDAU share to 25% and beyond by early 2020 on the back of the successful launch of our dating game; whether we will continue to grow vARPDAU with Levels and 1×1 video chat; and whether we will aggressively buyback our stock throughout the second half of this year as anticipated. 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,” “outlook,” “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, 2018 filed with the SEC on March 8, 2019 and our Quarterly Report on Form 10-Q for the quarter ended March 31, 2019 filed with the SEC on May 9, 2019. 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 Measures

The Company defines mobile traffic and engagement metrics (including MAU, DAU, chats per day, and new users per day) to include mobile app traffic for all properties and mobile web traffic for MeetMe, Skout and LOVOO. The Company defines Video Daily Active User (vDAU) as a registered user of one of our platforms who has logged in and visited the Live feature, either as a broadcaster or viewer, on the day of measurement. The Company defines Average Video Revenue per Daily Active User (vARPDAU) as the average daily revenue per vDAU. The Company uses these user metrics for financial and operational decision-making and as a means to evaluate period-to-period comparisons. The Company presents user metrics 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 its industry and because it believes that these metrics provide useful information to investors regarding the Company’s financial condition and results of operations. There is no directly comparable U.S. generally accepted accounting principles (GAAP) measure to vARPDAU provided in the Company’s financial statements and therefore no reconciliation is provided.

The Company uses Adjusted EBITDA and Non-GAAP Net Income, which are not calculated and presented in accordance with 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 for these historical non-GAAP financial measures to their directly comparable GAAP financial measures. Information reconciling forward-looking Adjusted EBITDA to GAAP financial measures is unavailable to the Company without unreasonable effort. The Company is not able to provide reconciliations of Adjusted EBITDA to GAAP financial measures because certain items required for such reconciliations are outside of the Company’s control and/or cannot be reasonably predicted, such as the provision for income taxes. Preparation of such reconciliations would require a forward-looking balance sheet, statement of income and statement of cash flow, prepared in accordance with GAAP, and such forward-looking financial statements are unavailable to the Company without unreasonable effort. The Company provides a range for its adjusted EBITDA outlook that it believes will be achieved, however it cannot accurately predict all the components of the Adjusted EBITDA calculation.

The Company defines Adjusted EBITDA as earnings (or loss) from operations before interest expense, benefit or provision for income taxes, depreciation and amortization, stock-based compensation, changes in warrant obligations, nonrecurring acquisition, restructuring or other expenses, gain or loss on disposal of assets, gain or loss on foreign currency adjustment, and goodwill and long-lived asset impairment charges, if any. The Company excludes stock-based compensation because it is non-cash in nature. The Company defines Non-GAAP Net Income as earnings (or loss) before benefit or provision for income taxes, amortization on intangibles, non-recurring acquisition and restructuring costs, goodwill and long-lived asset impairment charges 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: https://www.businesswire.com/news/home/20190731005496/en/

Investor Contact:

Leslie Arena
larena@themeetgroup.com

267 714 6418

Media Contact:

Brandyn Bissinger
bbissinger@themeetgroup.com

267 446 7010

Source: The Meet Group, Inc.

NEW HOPE, Pa.–(BUSINESS WIRE)–
The Meet Group, Inc. (NASDAQ: MEET), a leading provider of interactive live streaming solutions, and Yoti, a digital identity company, today announced that The Meet Group plans to trial Yoti’s innovative age verification and age estimation technologies designed to create safer communities online.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20190724005110/en/

The Meet Group, with more than 15 million monthly active users, helps people to find connection and community through its social networking and dating apps. As a company committed to the protection of its users, The Meet Group devotes approximately half of its workforce to safety and moderation, and continuously reviews its safety procedures with the goal of meeting the highest standards of online safety and security.

The relationship allows Yoti to enhance The Meet Group’s strong existing safety measures, letting users verify their age with Yoti’s age estimation technology Yoti Age Scan, or the free Yoti app where a date of birth is verified to a government issued photo ID. Yoti’s technology can help moderators at The Meet Group ensure that minors do not create accounts.

Geoff Cook CEO at The Meet Group commented,“A key part of helping people to create meaningful connections is to keep them safe online. We have already committed ourselves to one-tap report abuse capability, clear and frequent safety education, and proactive and transparent moderation, and now with Yoti’s age verification and estimation technologies, we look forward to being one of the few app operators in social or dating who can respond to reports of underage users quickly and accurately. By using Yoti’s age estimation technology and digital identity app, we believe we can enhance the safety of our platforms and give users a simple, private and secure way to verify their age.”

Adam Grayson, US Regional Director at Yoti explained, “I’m delighted to announce our relationship with The Meet Group, which demonstrates its ongoing commitment and leadership to proactive safety measures and the protection of its members. Yoti Age Scan can estimate someone’s age with a high degree of accuracy and privacy, and the free Yoti app gives people the chance to verify their age in a simple and secure way – creating more transparency online and helping to ensure that only those of the right age are accessing online platforms and creating accounts. Our work with The Meet Group shows how Yoti’s technology can help make the internet a safer place, which is particularly important when connecting with new people.”

Yoti’s technology is private and secure; letting individuals verify their age without sharing any other personal information. This data minimisation approach protects an individual’s privacy and identity, and provides a blueprint for safer, simpler user experiences. Yoti has been designed in such a way that individuals aren’t tracked – only the individual can access their personal data.

The Meet Group expects to trial Yoti’s technology on the MeetMe app this year.

For more information about Yoti go to www.yoti.com or read the Yoti Age Scan white paper.

About The Meet Group

The Meet Group (NASDAQ: MEET) is a leading provider of interactive livestreaming solutions designed to meet the universal need for human connection. Our ecosystem of livestreaming apps enables users around the world to interact through one-to-many livestreaming broadcasts and text-based conversations. Our top apps, MeetMe®, LOVOO®, Skout®, Tagged® and Growlr®, deliver live interactions and meaningful connections to millions of users daily. Headquartered in New Hope, PA, we have offices in Philadelphia, San Francisco, Dresden, and Berlin. The Meet Group is committed to safety. You can find a description of current safety practices here. For more information visit themeetgroup.com, and follow us on Facebook, Twitter or LinkedIn.

About Yoti

Founded in 2014, Yoti is a global technology company on a mission to become the world’s trusted identity platform. Our free digital identity app, with over 4.6 million downloads, is the new, safer way to prove your age online, check out faster with age-restricted items at supermarkets and save time and money proving your identity to businesses. It brings safer connections with the people you meet online as well as enabling secure website login with your biometrics instead of remembering passwords. All personal details are secured with 256-bit encryption and Yoti promotes a data minimisation approach. For more information, visit www.yoti.com.

Forward-Looking Statements

Certain statements in this press release made by The Meet Group, Inc. are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including whether we will trial Yoti’s technologies as expected; whether Yoti’s technologies will make our online communities safer and help our moderators ensure that minors do not create accounts; whether we will be one of the few app operators in social or dating who can respond to reports of underage users quickly and accurately; and whether we will by using Yoti’s age estimation technology and digital identity app we will enhance the safety of our platforms and give users a simple, private and secure way to verify their age. 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,” “outlook,” “is likely,” “expect” and similar expressions, as they relate to us, are intended to identify forward-looking statements. 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, 2018 filed with the SEC on March 8, 2019. 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.

Notes to editors:

• Using a form of Artificial Intelligence called neural network learning, Yoti Age Scan is a secure, anonymous age checking service that accurately estimates a person’s age by comparing an individual’s face to many thousands of other age verified faces.
• Yoti Age Scan is a private and anonymous solution. There is no need for individuals to register in advance or provide any documents as evidence of their identity. It simply estimates their age. The image is instantly destroyed as soon as the age has been estimated, meaning Yoti Age Scan ‘always forgets a face’.
• You can find out more about Yoti Age Scan by downloading the white paper here.
• Yoti Age Scan can accurately estimate the age of millions of people in a private and secure way. It is a scalable solution which is quicker, more practical and more accurate than age assessments made by individuals, and can be used when providing age restricted goods and services, both online and in person.
• Yoti have signed the Safe Face Pledge signature, which encourages companies using artificial intelligence to ensure that facial recognition technology is not misused.
• When MeetMe users verify their age using the Yoti app, they will only be asked to share an 18+ attribute to protect their privacy.
• Yoti is also working with social networking app Yubo who are using Yoti’s age estimation technology, Yoti Age Scan, and the Yoti app to help protect their community of users, as part of their safeguarding and safety measures.

View source version on businesswire.com: https://www.businesswire.com/news/home/20190724005110/en/

Media contact:

Brandyn Bissinger – bbissinger@themeetgroup.com

Rachael Trotman – rachael.trotman@yoti.com

Investor contact:

Leslie Arena – larena@themeetgroup.com

Source: The Meet Group, Inc.

NEW HOPE, Pa.–(BUSINESS WIRE)–
The Online Dating Association, an international nonprofit organization dedicated to safety and standardizing best practices in the online connection space, today announced that Fred Beckley, General Counsel and Executive Vice President Business Affairs of The Meet Group, Inc. (NASDAQ: MEET), has been appointed to its board of directors.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20190723005560/en/

“We are thrilled that Fred has joined the ODA board,” said ODA Chairman Duncan Cunningham. “His experience in the social app and livestreaming video space provide insight and perspective that will greatly benefit the Association,” continued Cunningham. “Earlier this year we set out plans which included ensuring that the benefits of the ODA be recognized internationally, and I believe that Fred’s experience as part of a global company will help us make progress in this area. We will continue to develop standards and best practice for the industry as a whole, as well as focusing on regulatory and policy issues the sector is facing. Adding Fred to the board will further support our team with this important work.”

The ODA aims to work collaboratively, developing a set of shareable industry standards in the form of best practices, advice and guidance to maintain public trust in dating services.

“The ODA has been integral in helping to establish standards for the online dating industry,” said Mr. Beckley. “Their work serves to benefit user safety and influence online policies and their safety efforts are closely aligned with those of The Meet Group. I look forward to being part of and contributing to the board of this important organization.”

Beckley’s appointment will increase the size of the Online Dating Association Board of Directors to six members.

About The Meet Group

The Meet Group (NASDAQ: MEET) is a leading provider of interactive livestreaming solutions designed to meet the universal need for human connection. Our ecosystem of livestreaming apps enables users around the world to interact through one-to-many livestreaming broadcasts and text-based conversations. Our top apps, MeetMe®, LOVOO®, Skout®, Tagged® and Growlr®, deliver live interactions and meaningful connections to millions of users daily. Headquartered in New Hope, PA, we have offices in Philadelphia, San Francisco, Dresden, and Berlin. A description of our industry-leading safety practices can be found here. For more information, visit themeetgroup.com, and follow us on Facebook, Twitter or LinkedIn.

About the Online Dating Association

The ODA was set up in 2014 to develop and maintain standards that give users assurance and ensure businesses trade responsibly. It seeks also to inform policy makers and to promote messages to users that minimize the risk of harm.

Contact info@onlinedatingassociation.org.uk

Site https://www.onlinedatingassociation.org.uk/

View source version on businesswire.com: https://www.businesswire.com/news/home/20190723005560/en/

Investor Contact:

Leslie Arena
larena@themeetgroup.com

267 714 6418

Media Contact:

Brandyn Bissinger
bbissinger@themeetgroup.com

267 446 7010

Source: The Meet Group, Inc. and Online Dating Association

Most-requested feature enables confident connections before meeting

NEW HOPE, Pa.–(BUSINESS WIRE)–
The Meet Group, Inc. (NASDAQ: MEET), a leading provider of interactive livestreaming solutions, today announced the launch of one-on-one video chat on its MeetMe app.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20190717005073/en/

Most-requested feature enables confident connections before meeting (Graphic: Business Wire)

“If a picture is worth a thousand words, a video is worth a million,” said Catherine Connelly, Vice President of Brand Strategy at The Meet Group. “Long our top requested feature, one-on-one live video provides the opportunity to get to know someone safely without exchanging phone numbers. One-on-one video adds yet another tool in our safe meeting toolkit, something we encourage all our members to do before they consider meeting in a safe place. What’s more, short of meeting in real life, nothing provides a better sense of who a person is and whether or not there is chemistry than a one-on-one video chat.”

By simply tapping the video chat icon on the MeetMe app, members can initiate video chat requests to those with whom they have previously exchanged messages. Members can only receive video chat requests from people they have already communicated with. Recipients have the option to accept or decline any incoming video chat request, and they may also choose to block or report abusive users through our one-tap report abuse feature.

“Having launched industry-leading Report Abuse buttons just last week, we are thrilled to activate yet another feature aimed at helping users stay safe while meeting new people on our platform,” continued Connelly. “With roughly 50% of our daily active users on MeetMe engaging in one-on-one chats without visiting our broadcast video feature, we believe one-on-one video chat has the potential to introduce more users to our interactive video platform to make meaningful connections. We look forward to expanding one-on-one video chat to our Skout and Tagged apps in the coming months.”

About The Meet Group

The Meet Group (NASDAQ: MEET) is a leading provider of interactive livestreaming solutions designed to meet the universal need for human connection. Our ecosystem of livestreaming apps enables users around the world to interact through one-to-many livestreaming broadcasts and text-based conversations. Our top apps, MeetMe®, LOVOO®, Skout®, Tagged® and Growlr®, deliver live interactions and meaningful connections to millions of users daily. Headquartered in New Hope, PA, we have offices in Philadelphia, San Francisco, Dresden, and Berlin. A description of our industry-leading safety practices can be found here. For more information, visit themeetgroup.com, and follow us on Facebook, Twitter or LinkedIn.

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 one-on-one will help users stay safe while meeting new people on our platform as anticipated, whether one-on-one will introduce more users to our interactive video platform to make meaningful connections; and whether we will expand one-on-one video chat to our Skout and Tagged apps in the coming months. 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,” “outlook,” “is likely,” “expect” and similar expressions, as they relate to us, are intended to identify forward-looking statements. 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, 2018 filed with the SEC on March 8, 2019. 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: https://www.businesswire.com/news/home/20190717005073/en/

Investor Contact:

Leslie Arena
larena@themeetgroup.com

267 714 6418

Media Contact:

Brandyn Bissinger
bbissinger@themeetgroup.com

267 446 7010

Source: The Meet Group

NEW HOPE, Pa.–(BUSINESS WIRE)–
The Meet Group, Inc. (NASDAQ: MEET), a leading provider of interactive livestreaming solutions, today announced that its second quarter 2019 financial results will be issued in a press release on Wednesday, July 31, 2019, before the open of the market. The company will host a conference call at 8:30 a.m. ET to discuss the financial results with the investment community.

About The Meet Group

The Meet Group (NASDAQ: MEET) is a leading provider of interactive livestreaming solutions designed to meet the universal need for human connection. Our ecosystem of livestreaming apps enables users around the world to interact through one-to-many livestreaming broadcasts and text-based conversations. Our top apps, MeetMe®, LOVOO®, Skout®, Tagged® and Growlr®, deliver live interactions and meaningful connections to millions of users daily. Headquartered in New Hope, PA, we have offices in Philadelphia, San Francisco, Dresden, and Berlin. The Meet Group is committed to safety. You can find a description of current safety practices here: https://www.themeetgroup.com/safety-practices/. For more information, visit themeetgroup.com, and follow us on Facebook, Twitter or LinkedIn.

View source version on businesswire.com: https://www.businesswire.com/news/home/20190716005137/en/

Investor Contact:

Leslie Arena
larena@themeetgroup.com

267 714 6418

Media Contact:

Brandyn Bissinger
bbissinger@themeetgroup.com

267 446 7010

Source: The Meet Group, Inc.

NEW HOPE, Pa.–(BUSINESS WIRE)–
The Meet Group, Inc. (NASDAQ: MEET), a leading provider of interactive livestreaming solutions, today announced that several new product features, including Levels, have begun rolling out to users of its MeetMe app.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20190715005072/en/

The Meet Group Launches Levels on MeetMe App (Graphic: Business Wire)

Levels tracks, rewards, and gamifies engagement in live video. As livestreamers grow their audience, stream more frequently and produce compelling content, they can earn “streamer points” and progress through the ranks from Newbie to Bronze, Silver, Gold, and beyond. At each new rank, they will unlock new tools and bonuses available only to streamers of that level, including virtual facemasks, backgrounds, and special animations.

“Levels add a fun, competitive and rewarding dynamic to Live,” said Geoff Cook, Chief Executive Officer of The Meet Group. “We believe the feature will entice streamers to stream more often and engage their audiences even more than they do today. We also expect Levels to stimulate viewer gifting, as viewers look to assist their favorite streamers in achieving the next level. We expect to launch a similar progression system for viewers in the coming months.”

In addition, the Company has begun rolling out other new features to users of its MeetMe app: Tiered VIP Badges, which expands the current VIP program to better reward and incentivize top gifters; and Gifting from the Miniprofile, which allows livestreaming viewers to receive gifts, a benefit previously only available to streamers. The Company expects all MeetMe users to have access to these features within the coming weeks.

About The Meet Group

The Meet Group (NASDAQ: MEET) is a leading provider of interactive livestreaming solutions designed to meet the universal need for human connection. Our ecosystem of livestreaming apps enables users around the world to interact through one-to-many livestreaming broadcasts and text-based conversations. Our top apps, MeetMe®, LOVOO®, Skout®, Tagged® and Growlr®, deliver live interactions and meaningful connections to millions of users daily. Headquartered in New Hope, PA, we have offices in Philadelphia, San Francisco, Dresden, and Berlin. A description of our industry-leading safety practices can be found here. For more information, visit themeetgroup.com, and follow us on Facebook, Twitter or LinkedIn.

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 Levels will entice streamers to stream more often and engage their audiences more than they do today; whether Levels will stimulate viewer gifting; whether we will launch a similar progression system for viewers in the coming months; and whether all users will have access to Levels, Tiered VIP Badges, and Gifting from the Miniprofile within the coming weeks. 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,” “outlook,” “is likely,” “expect” and similar expressions, as they relate to us, are intended to identify forward-looking statements. 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, 2018 filed with the SEC on March 8, 2019. 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: https://www.businesswire.com/news/home/20190715005072/en/

Investor Contact:

Leslie Arena
larena@themeetgroup.com

267 714 6418

Media Contact:

Brandyn Bissinger
bbissinger@themeetgroup.com

267 446 7010

Source: The Meet Group, Inc.

NEW HOPE, Pa.–(BUSINESS WIRE)–
The Meet Group, Inc. (NASDAQ: MEET), a leading provider of interactive livestreaming solutions, today announced it has launched a number of industry-first safety practices within the newly released iOS and Android versions of its flagship app, MeetMe.

“Today we unveiled a number of safety-related features on MeetMe,” said CEO Geoff Cook, “including the most prominent Report Abuse button we have seen in any major livestreaming app. When a user taps this button, a screengrab will be sent to our 200+ person moderation team for rapid review of both the screengrab and the active livestream. The button will appear in every user stream, making it even easier for users to alert our moderation team to potentially problematic video content.

“We also added a clear, full-screen reminder of our strict content standards that streamers must now acknowledge every time before they stream. And to help ensure that all streamers understand and accept our standards, we have enacted a waiting period for new users before they can go live on MeetMe, during which we encourage them to review our Content and Conduct Policy.

“We are taking meaningful steps to further strengthen what we believe are already industry-leading online safety standards for our apps,” continued Cook. “We expect to add each of these features to our other apps in the coming months, as we continue to lead in livestreaming safety and moderation practices.”

Larry Magid, CEO of ConnectSafely, said, “We appreciate The Meet Group’s leadership on abuse-reporting practices. A commitment to one-tap reporting of content, whether livestreams, photos, or profiles makes sense for the whole industry.”

About The Meet Group

The Meet Group (NASDAQ: MEET) is a leading provider of interactive livestreaming solutions designed to meet the universal need for human connection. Our ecosystem of livestreaming apps enables users around the world to interact through one-to-many livestreaming broadcasts and text-based conversations. Our top apps, MeetMe®, LOVOO®, Skout®, Tagged® and Growlr®, deliver live interactions and meaningful connections to millions of users daily. Headquartered in New Hope, PA, we have offices in Philadelphia, San Francisco, Dresden, and Berlin. The Meet Group is committed to safety. You can find a description of current safety practices here: https://www.themeetgroup.com/safety-practices/. For more information visit themeetgroup.com, and follow us on Facebook, Twitter or LinkedIn.

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 we will add these features to our other apps later this quarter as anticipated and whether we will continue to lead in livestreaming safety and moderation practices. 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,” “outlook,” “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, 2018 filed with the SEC on March 8, 2019. 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: https://www.businesswire.com/news/home/20190709005475/en/

Investor Contact:

Leslie Arena
larena@themeetgroup.com

267 714 6418

Media Contact:

Brandyn Bissinger
bbissinger@themeetgroup.com

267 446 7010

Source: The Meet Group, Inc.

NEW HOPE, Pa.–(BUSINESS WIRE)–
The Meet Group, Inc. (NASDAQ: MEET), a leading provider of interactive livestreaming solutions, today announced that its CEO, Geoff Cook, will participate in a panel discussion on Online Safety in the Dating and Social Entertainment Market hosted by Mike Latimore, Managing Director, Senior Research Analyst at Northland Capital Markets.

Mr. Cook will join industry executives and experts in the online dating and entertainment space to discuss the company’s leading safety and moderation practices and ongoing actions to ensure the safety of its user community.

The panel discussion will be held on Tuesday, July 2, at 1:30pm ET – 2:30pm ET. The discussion will be webcast and is available by accessing: https://attendee.gotowebinar.com/register/4514562158102040845.

About The Meet Group

The Meet Group (NASDAQ: MEET) is a leading provider of interactive livestreaming solutions designed to meet the universal need for human connection. Our ecosystem of livestreaming apps enables users around the world to interact through one-to-many livestreaming broadcasts and text-based conversations. Our top apps, MeetMe®, LOVOO®, Skout®, Tagged® and Growlr®, deliver live interactions and meaningful connections to millions of users daily. Headquartered in New Hope, PA, we have offices in Philadelphia, San Francisco, Dresden, and Berlin. For more information, visit themeetgroup.com, and follow us on Facebook, Twitter or LinkedIn.

View source version on businesswire.com: https://www.businesswire.com/news/home/20190702005315/en/

Investor Contact:

Leslie Arena
larena@themeetgroup.com

267 714 6418

Media Contact:

Brandyn Bissinger
bbissinger@themeetgroup.com

267 446 7010

Source: The Meet Group, Inc.

NEW HOPE, Pa.–(BUSINESS WIRE)–
The Meet Group, Inc. (NASDAQ: MEET), a leading provider of interactive livestreaming solutions, today announced it has joined the Online Dating Association, an international nonprofit organization dedicated to safety and standardizing best practices in the online connection space.

“The ODA is a pioneer in standardizing best practices in online dating and we are proud to be joining forces with their team,” said Geoff Cook, CEO of The Meet Group. “Connecting millions of people a day is inherently challenging. That is why we devote nearly half of our entire workforce exclusively to safety and moderation. That is also why we believe it is so important to share best practices across our industry, to the benefit of all our users. We look forward to working with the ODA and its members to reduce abusive behavior across the space. We are particularly committed to leading the way on safety practices for livestreaming apps.”

Said George Kidd, CEO of ODA, “We are thrilled to have The Meet Group join us, and we look forward to its contributions as we strive to continually improve the wellbeing of the online dating sector and its users. We view The Meet Group as one of the leaders in the space, investing millions of dollars annually to keep its users safe.”

The Meet Group is also an active member of the Family Online Safety Institute. FOSI Founder and CEO Stephen Balkam said, “We commend The Meet Group’s proactive approach to sharing best practices with other leaders in the space, and focusing on the wellbeing of users. We look forward to supporting their ongoing work to ensure that those using social media services have a safe and positive experience.”

About The Meet Group

The Meet Group (NASDAQ: MEET) is a leading provider of interactive livestreaming solutions designed to meet the universal need for human connection. Our ecosystem of livestreaming apps enables users around the world to interact through one-to-many livestreaming broadcasts and text-based conversations. Our top apps, MeetMe®, LOVOO®, Skout®, Tagged® and Growlr®, deliver live interactions and meaningful connections to millions of users daily. Headquartered in New Hope, PA, we have offices in Philadelphia, San Francisco, Dresden, and Berlin. For more information, visit themeetgroup.com, and follow us on Facebook, Twitter or LinkedIn.

About the Online Dating Association

The ODA was set up in 2014 to develop and maintain standards that give users assurance and ensure businesses trade responsibly. It seeks also to inform policy makers and to promote messages to users that minimize the risk of harm.

Contact info@onlinedatingassociation.org.uk

Site https://www.onlinedatingassociation.org.uk/

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 we will share best practices across our industry as anticipated; whether we will work with the ODA and its members as anticipated; whether we will lead the way on safety practices for livestreaming apps; and whether we will make contributions to the ODA as anticipated. 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,” “outlook,” “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, 2018 filed with the SEC on March 8, 2019. 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: https://www.businesswire.com/news/home/20190701005471/en/

Investors:

Leslie Arena
larena@themeetgroup.com

267 714 6418

Media:

Brandyn Bissinger
bbissinger@themeetgroup.com

267 446 7010

Source: The Meet Group, Inc.

NEW HOPE, Pa.–(BUSINESS WIRE)–
The Meet Group, Inc. (NASDAQ: MEET), a leading provider of interactive
livestreaming solutions, today reaffirmed its commitment to industry
leading user safety for its more than 15 million monthly active users.

The Meet Group makes user safety a top priority, devoting more than 45%
of its entire workforce to regulating the content of its apps. The
Company employs a variety of human and technological filters to monitor
all visual content. The Meet Group has also developed a proprietary
textual-monitoring threat detection system that programmatically detects
possible safety issues and alerts its safety team of potential abuses.

The Meet Group has a zero-tolerance policy for abusive behavior among
its users and encourages its members to report abuse, with a simple,
one-click reporting feature. Users on its popular Live feature can
appoint other users as “Bouncers” to help moderate their broadcasts. The
Company removes more than 3,000 user profiles per day as part of its
content review process. The Meet Group also provides its users with
various privacy-setting options that allow them to manage who can see
their profile and make contact with them. The Meet Group also allows its
users to block specific profiles entirely.

As part of its safety commitment, The Meet Group promptly and
proactively reports instances of abusive behavior and inappropriate
content posting to the proper authorities. In addition, the Company
promptly and proactively reports potential safety issues (such as
self-harm or potential suicidal behavior) to local authorities.

The Meet Group screens new daily registrants against databases of known
sex offenders in the United States and regularly screens all active
users against these same lists, blocking registrations and activity from
known sex offenders.

The Meet Group has taken numerous steps to educate its users about the
dangers of online activity, and in particular, the potential dangers of
meeting a stranger in person. The Company prominently displays safety
messages to every new user of its mobile apps. The Meet Group never
pinpoints users on a map, or gives their exact locations.

The San Francisco City Attorney said The Meet Group’s safety and privacy
practices “set an industry standard for all social networks at a time
when they are increasingly accessed through mobile devices.”

The Meet Group also participates proactively in industry safety efforts,
including serving on the members group of the Family Online Safety
Institute alongside representatives of the largest global
technology companies.

About The Meet Group

The Meet Group (NASDAQ: MEET) is a leading provider of interactive
livestreaming solutions designed to meet the universal need for human
connection. Our ecosystem of livestreaming apps enables users around the
world to interact through one-to-many livestreaming broadcasts and
text-based conversations. Our top apps, MeetMe®, LOVOO®, Skout®, Tagged®
and Growlr®, deliver live interactions and meaningful connections to
millions of users daily. Headquartered in New Hope, PA, we have offices
in Philadelphia, San Francisco, Dresden, and Berlin. For more
information, visit themeetgroup.com,
and follow us on Facebook, Twitter or LinkedIn.

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 including the percentage of our workforce we
will devote to regulating the content of our apps, whether we will
continue to employ a variety of human and technological filters to
monitor content, including a real-time human review of every newly
posted image, whether we will continue to use our proprietary
textual-monitoring threat detection system to programmatically detect
possible safety issues, whether we will continue to encourage our
members to report abuse with a simple, one-click reporting feature,
whether we will continue to remove user profiles as part of our content
review process and if so at what rate, whether we will continue to offer
the Bouncer feature, whether we will continue to provide our users with
various privacy-setting options that allow them to manage who can see
their profile and make contact with them, and to allow user to block
specific profiles entirely, whether we will continue to promptly and
proactively report instances of abusive behavior, inappropriate content
posting and potential safety issues to the proper authorities, whether
we will continue to screen each new daily registrant against databases
of known sex offenders in the United States and regularly screen all
active users against those same lists, blocking registrations and
activity from known sex offenders, whether we will continue to take
steps to educate our users, and whether we will continue our policy of
not locating users on a map or giving their exact locations. 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,” “outlook,” “is likely,” “expect” and similar
expressions, as they relate to us, are intended to identify
forward-looking statements. 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, 2018
filed with the SEC on March 8, 2019. 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: https://www.businesswire.com/news/home/20190614005473/en/

Investor Contact:
Leslie Arena
larena@themeetgroup.com
267
714 6418

Media Contact:
Brandyn Bissinger
bbissinger@themeetgroup.com
267
446 7010

Source: The Meet Group, Inc.

NEW HOPE, Pa.–(BUSINESS WIRE)–
The Meet Group, Inc. (NASDAQ: MEET), a leading provider of interactive
livestreaming solutions, today announced that its Board of Directors has
approved a share repurchase program that enables the Company to purchase
up to $30 million of its shares of common stock from time to time in the
open market or through negotiated transactions through 2021. The Company
expects to fund purchases with cash from operations.

“The new stock repurchase program underscores our belief in the
livestreaming video opportunity and our positive long-term outlook for
our business,” said Geoff Cook, Chief Executive Officer of The Meet
Group. “We expect to continue to generate meaningful cash flow, enabling
us to buy back shares as we execute on our commitment to drive value for
our shareholders.”

Repurchases under the Company’s program will be made in the open market
or through privately negotiated transactions intended to comply with the
Securities and Exchange Commission Rule 10b-18, subject to market
conditions, applicable legal requirements, and other relevant factors.
The share repurchase program does not obligate the Company to acquire
any particular amount of common stock, and it may be suspended at any
time at the Company’s discretion. The Meet Group had approximately 75.6
million shares of common stock outstanding as of May 31, 2019.

About The Meet Group

The Meet Group (NASDAQ: MEET) is a leading provider of interactive
livestreaming solutions designed to meet the universal need for human
connection. Our ecosystem of livestreaming apps enables users around the
world to interact through one-to-many livestreaming broadcasts and
text-based conversations. Our top apps, MeetMe®, LOVOO®, Skout®, Tagged®
and Growlr®, deliver live interactions and meaningful connections to
millions of users daily. Headquartered in New Hope, PA, we have offices
in Philadelphia, San Francisco, Dresden, and Berlin. For more
information, visit themeetgroup.com,
and follow us on Facebook, Twitter or LinkedIn.

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 anticipated amount and timing
of share repurchases, whether any such repurchases will occur, whether
shares will be repurchased in the open market or through negotiated
transactions, whether we will continue to generate meaningful cash flow
to enable us to buy back shares, our belief in the livestreaming video
opportunity, our positive long-term outlook for our business, and
whether repurchases will comply with Securities and Exchange Commission
Rule 10b-18. 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,” “outlook,” “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, 2018 filed with the SEC on March 8, 2019. 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: https://www.businesswire.com/news/home/20190614005417/en/

Investor Contact:
Leslie Arena
larena@themeetgroup.com
267
714 6418

Media Contact:
Brandyn Bissinger
bbissinger@themeetgroup.com
267
446 7010

Source: The Meet Group, Inc.