NEW HOPE, Pa.–(BUSINESS WIRE)–
The Meet Group, Inc. (NASDAQ: MEET), a leading provider of interactive
livestreaming solutions, today announced the Company’s participation in
two upcoming conferences:

2019 NOAH Berlin Conference
Presenter:
Geoff Cook, Chief Executive Officer
Location: STATION – Berlin,
Berlin, Germany
Date: Thursday, June 13, 2019
Time: 8:45am ET
(2:45 p.m. local time)

Jefferies 2019 Consumer Conference
Presenter:
Jim Bugden, Chief Financial Officer
Location: Nantucket, MA
Date:
Tuesday, June 18, 2019
Time: 10:30 a.m. ET

The Company will also be hosting one-on-one meetings with institutional
investors throughout the day on the 18^th. A live and archived
audio webcast of the company’s presentation at the Jefferies conference
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. 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/20190612005856/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 public market leader in the
mobile meeting space, today announced that its Chief Executive Officer,
Geoff Cook, will present at the SunTrust Robinson Humphrey 2019 Internet
and Digital Media Conference at the Palace Hotel in San Francisco at
3:55 pm PT (6:55 pm ET) on Tuesday, May 21, 2019. The Company will also
be hosting one-on-one meetings with institutional investors throughout
the day.

A live and archived audio webcast of the company’s presentation 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 portfolio of mobile social
entertainment apps designed to meet the universal need for human
connection. We leverage a powerful live-streaming video platform,
empowering our global community to forge meaningful connections. Our
primary apps, MeetMe®, LOVOO®, Skout®, Tagged® and Growlr®, keep
millions of mobile daily active users entertained and engaged and
originate untold numbers of casual chats, friendships, dates, and
marriages. Our apps, available on iPhone, iPad, and Android in multiple
languages, use innovative products and sophisticated data science to let
our users stream live video, send gifts, chat, and share photos. The
Meet Group has a diversified revenue mix consisting of in-app purchases,
subscription, and advertising, and we have offices in New Hope,
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/20190515005452/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 public market leader in the
mobile meeting space, today reported financial results for its first
quarter ended March 31, 2019.

First Quarter 2019 Financial Highlights

• Total revenue of $49.5 million, up 32% year over year.
• GAAP net income of $1.3 million, or $0.02 per diluted share, compared
  to a GAAP net loss of $4.2 million, or a loss of $0.06 per diluted
  share, in the prior year quarter.
• Adjusted EBITDA of $8.1 million, compared to Adjusted EBITDA of $5.2
  million in the prior year quarter.
• Non-GAAP net income of $7.0 million, or $0.09 per diluted share,
  compared to $4.1 million, or $0.05 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.)

“Our strong progress in video continued in the first quarter,” said
Geoff Cook, Chief Executive Officer of The Meet Group. “We grew video
revenue to more than $20 million, a more than four-fold increase from
the year ago quarter, and we set new records growing video revenue on
each of our apps. Average video revenue per daily active video user
increased to 26 cents, up from 18 cents in the fourth quarter of 2018,
while approximately 20% of users engaged in video every day.

“Operationally, we completed the rollout of Battles in the quarter, with
the launch on Tagged and Lovoo, and we made good progress integrating
our newly acquired Growlr app. We improved operating efficiency from the
year ago quarter, growing adjusted EBITDA margin by 250 basis points.

“We are excited at the many opportunities to drive video growth. Over
the coming quarters we expect to bring new features and interactive
video formats including 1×1 live video, a levels system to further
gamify our livestreams, interactive games, and new shows, all of which
we expect will contribute to engagement and monetization.

“In 2018 we drove growth by rolling out livestreaming video to new
communities. In 2019, we expect to drive growth by executing on our
product roadmap and enabling community and connection for our users.
With 80% of our users still to reach with our video features and with
new and interesting monetization projects on the horizon, we look
forward to delivering new products that drive meaningful connections for
our users.”

First Quarter Financial Results

For the first quarter of 2019, the Company reported revenue of $49.5
million, an increase of $11.9 million, or 32%, from $37.6 million in the
first quarter of 2018. GAAP net income for the first quarter of 2019 was
$1.3 million, or $0.02 per diluted share, compared to a GAAP net loss of
$4.2 million, or a loss of $0.06 per diluted share, in the first quarter
of 2018. Adjusted EBITDA for the first quarter of 2019 was $8.1 million,
compared to $5.2 million in the first quarter of 2018. Non-GAAP net
income for the first quarter of 2019 was $7.0 million, or $0.09 per
diluted share, compared to $4.1 million, or $0.05 per diluted share, in
the first quarter of 2018.

The Company ended the quarter with $19.8 million in cash and cash
equivalents.

Company Outlook

The Company is providing the following outlook for the second quarter of
2019 and is reiterating its previously issued guidance for the full year
2019.

Second quarter 2019:

• Revenue in the range of $50.3 million to $51.3 million
• Adjusted EBITDA in the range of $8.6 million to $9.1 million

Full year 2019:

• Revenue in the range of $210.0 million to $215.0 million
• Adjusted EBITDA in the range of $39.0 million to $42.0 million

Webcast and Conference Call Details

Management will host a webcast and conference call to discuss first
quarter and year end 2019 financial results today, May 8, 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 2494226 to the operator. An audio replay will be
available at 855-859-2056 domestically or 404-537-3406 internationally,
using passcode 2494226 through May 15, 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 portfolio of mobile social
entertainment apps designed to meet the universal need for human
connection. We leverage a powerful live-streaming video platform,
empowering our global community to forge meaningful connections. Our
primary apps, MeetMe©, LOVOO©, Skout©, Tagged©, and Growlr®, keep
millions of mobile daily active users entertained and engaged and
originate untold numbers of casual chats, friendships, dates, and
marriages. Our apps, available on iPhone, iPad, and Android in multiple
languages, use innovative products and sophisticated data science to let
our users stream live video, send gifts, chat, and share photos. The
Meet Group has a diversified revenue mix consisting of in-app purchases,
subscription, and advertising, and we have offices in New Hope,
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 whether second quarter 2019 and full year 2019 revenue
and Adjusted EBITDA will be in the projected outlook range, whether our
strong progress in video will continue as expected, whether we will
continue to set new records in growing video reveue on each of our apps,
whether will complete the integration of our Growlr app successfully,
whether we will continue to drive video growth, whether in the coming
quarters we will bring new features and interactive video formats
including 1×1 live video, a levels system to further gamify our
livestreams, interactive games and shows, and if so whether they will
contribute to engagement and monetization as expected, whether we will
drive growth by executing on our product roadmap and enabling community
and connection for our users as expected, whether we will execute on the
video features and monetization projects in our roadmap as expected, and
whether will successfully deliver new products that drive meaningful
connections for our users. 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 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/20190508005402/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.

Audio-first app Podcoin complements existing livestreaming video
portfolio

NEW HOPE, Pa.–(BUSINESS WIRE)–
The
Meet Group, Inc. (NASDAQ:MEET), a public market leader in the mobile
meeting space, today announced that it has added Podcoin,
a first-of-its-kind mobile app that rewards podcast listeners, to its
portfolio of mobile apps.

This press release features multimedia. View the full release here:
https://www.businesswire.com/news/home/20190501005229/en/

“Podcoin is the social podcasting app that pays its listeners,” said
Geoff Cook, Chief Executive Officer of The Meet Group. “Within four
months of initial launch–and entirely organically–the app surpassed
one million daily listening minutes. We look forward now to bringing
Podcoin to our 15+ million monthly users, across our livestreaming
portfolio of social apps. We expect that 40% of our US audience will
listen to a podcast in the next month. We see an opportunity to reach
not only these users, but also the other 60%, as the podcasting industry
continues to rapidly expand.”

Podcoin has been moving up the charts organically and is highly rated on
both the Apple and Google platforms, with 4.7/5 stars on iOS and 4.6/5
stars on Android, based on thousands of ratings.

“Our mission has always been and continues to be about increasing human
connection, and podcasting is an inherently intimate medium. It makes
you feel like you are in the room, participating in a meaningful
conversation,” said Cook. “We see an opportunity not only to help our
users discover content, but also to participate in meaningful
conversations around that content. We expect to roll out likes,
comments, and an enhanced social graph in the coming months to encourage
connection. We see podcasts as an untapped interest graph and a relevant
signal for meeting new people. If our livestreaming video experience is
the lean-in, interactive blend of connection and entertainment,
podcasting is its lean-back audio complement.”

“While of course we focus the vast majority of our resources on
livestreaming video with more people working on it than ever before, we
also see the importance of exploring truly new, blue sky ideas,” said
Cook, “as we have done throughout our history. Audio is a clear
adjacency to video and podcasting is one of the fastest growing segments
of audio. We want to enable social experience around podcasts, and we
believe Podcoin has the right hook at the right time to appeal to our
15+ million monthly users.”

With more than 40,000 monthly users today spending an average of six
hours a week listening to podcasts, Podcoin gamifies podcast listening
by paying the listener one Podcoin for every ten minutes spent
listening. Leaderboards show the top listeners, and listeners can follow
each others’ profiles. Podcoin currency can be redeemed for rewards,
including gift cards, headphones, and more.

“We aim to amass a sizable audience,” continued Cook. “With that, we
believe we can drive discovery of new podcasts to podcasters who ‘claim’
their podcasts on Podcoin. Claiming is free, and as a quick Twitter
search for #podcoin shows, has proven effective for driving listening
minutes. So far, approximately 30-40% of Podcoin’s listening minutes
have gone to claimed podcasts. We believe the ability to drive listening
minutes to a subset of podcasts through minor variation to
Podcoin-earning rates points a pathway to future monetization.”

Podcasters who claim their podcasts can get direct insights into what
other podcasts their audience members are listening to through the app,
and they also have access to advanced analytics that track listening
minutes, listeners, subscribers, taps in search, and more. The company
expects in the coming months to enable community so that podcasters can
engage their audience of listeners and so that listeners may discover
each other.

About Podcoin

Podcoin
is a first-of-its-kind mobile app that rewards listeners. Our mission is
to increase the time the world spends listening. By adding social and
gamification to podcasting, Podcoin intends to solve the problem of
discovery for podcasters and provide the most efficient way to build and
engage an audience. For more information, please visit https://www.podcoin.com/.

About The Meet Group

The
Meet Group (NASDAQ: MEET) is a portfolio of mobile social
entertainment apps designed to meet the universal need for human
connection. We leverage a powerful live-streaming video platform,
empowering our global community to forge meaningful connections. Our
primary apps, MeetMe®, LOVOO®, Skout®, Tagged®, and Growlr®, keep
millions of mobile daily active users entertained and engaged and
originate untold numbers of casual chats, friendships, dates, and
marriages. Our apps, available on iPhone, iPad, and Android in multiple
languages, use innovative products and sophisticated data science to let
our users stream live video, send gifts, chat, and share photos. The
Meet Group has a diversified revenue mix consisting of in-app purchases,
subscription, and advertising, and we have offices in New Hope,
Philadelphia, San Francisco and Dresden. 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 bring Podcoin to our users across our
livestreaming portfolio of social apps, whether 40% of our US audience
will listen to a podcast in the next month, whether we will successfully
reach our users, whether the podcast industry will continue to rapidly
expand, whether we will help our users discover content and participate
in meaningful conversations around that content, whether we will roll
out likes, comments, and an enhanced social graph as expected, whether
we will enable social experience around podcasts, whether Podcoin has
the right hook at the right time to appeal to our monthly users, whether
Podcoin will amass a sizable audience, whether with a sizable audience
Podcoin we will monetize by driving discovery of new podcasts to
podcasters who claim their podcasts on Podcoin, whether the ability to
drive listening minutes to a subset of podcasts through minor variation
to Podcoin-earning rates will point a pathway to future monetization,
whether Podcoin will remain effective for driving listening minutes, and
whether we will enable community as expected so that podcasters can
engage their audience of listeners and listeners may discover each
other. All statements other than statements of historical facts
contained herein are forward-looking statements. The words “believe,”
“may,” “estimate,” “continue,” “anticipate,” “intend,” “should,” “plan,”
“could,” “target,” “potential,” “project,” “is likely,” “expect” and
similar expressions, as they relate to us, are intended to identify
forward-looking statements. We have based these forward-looking
statements largely on our current expectations and projections about
future events and financial trends that we believe may affect our
financial condition, results of operations, business strategy and
financial needs. Important factors that could cause actual results to
differ from those in the forward-looking statements include the risk
that our applications will not function easily or otherwise as
anticipated, the risk that we will not launch additional features and
upgrades as anticipated, the risk that unanticipated events affect the
functionality of our applications with popular mobile operating systems,
any changes in such operating systems that degrade our mobile
applications’ functionality and other unexpected issues which could
adversely affect usage on mobile devices. Further information on our
risk factors is contained in our filings with the Securities and
Exchange Commission (“SEC”), including the Form 10-K for the year ended
December 31, 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/20190501005229/en/

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

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

Source: The Meet Group, Inc.

NEW HOPE, Pa.–(BUSINESS WIRE)–
The Meet Group, Inc. (NASDAQ: MEET), a public market leader in the
mobile meeting space, today announced that its first quarter 2019
financial results will be issued in a press release on Wednesday, May 8,
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 portfolio of mobile social
entertainment apps designed to meet the universal need for human
connection. We leverage a powerful live-streaming video platform,
empowering our global community to forge meaningful connections. Our
primary apps, MeetMe®, LOVOO®, Skout®, Tagged® and Growlr®, keep
millions of mobile daily active users entertained and engaged and
originate untold numbers of casual chats, friendships, dates, and
marriages. Our apps, available on iPhone, iPad, and Android in multiple
languages, use innovative products and sophisticated data science to let
our users stream live video, send gifts, chat, and share photos. The
Meet Group has a diversified revenue mix consisting of in-app purchases,
subscription, and advertising, and we have offices in New Hope,
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/20190424005185/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 public market leader in the
mobile meeting space, today announced that its Chief Executive Officer,
Geoff Cook, will present at the 31^st Annual ROTH Conference
on Tuesday, March 19, 2019 at 8:00 am PT (11:00 am ET) in Dana Point,
California. Mr. Cook will also participate in “The Future of Streaming”
panel on Monday, March 18, 2019 at 10:30 am PT (1:30 pm ET). The Company
will host one-on-one meetings with institutional investors throughout
the day.

A live and archived audio webcast of the company’s presentation 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 portfolio of mobile social
entertainment apps designed to meet the universal need for human
connection. We leverage a powerful live-streaming video platform,
empowering our global community to forge meaningful connections. Our
primary apps, MeetMe®, LOVOO®, Skout®, Tagged®, and Growlr®, keep
millions of mobile daily active users entertained and engaged and
originate untold numbers of casual chats, friendships, dates, and
marriages. Our apps, available on iPhone, iPad, and Android in multiple
languages, use innovative products and sophisticated data science to let
our users stream live video, send gifts, chat, and share photos. The
Meet Group has a diversified revenue mix consisting of in-app purchases,
subscription, and advertising, and we have offices in New Hope,
Philadelphia, San Francisco and Dresden. 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/20190313005226/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.

Announces Acquisition of Growlr, a Leading Same-Sex Social Application

NEW HOPE, Pa.–(BUSINESS WIRE)–
The Meet Group, Inc. (NASDAQ: MEET), a public market leader in the
mobile meeting space, today reported financial results for its fourth
quarter and year ended December 31, 2018 and announced it has acquired
Growlr, a leading same-sex social mobile application.

Fourth Quarter 2018 Financial Highlights

• Total revenue of $52.5 million, up 31% year over year.
• GAAP net income of $4.3 million, or $0.06 per diluted share, compared
  to a GAAP net loss of $68.1 million, or a loss of $0.95 per diluted
  share, in the prior year quarter.
• Adjusted EBITDA of $10.6 million, compared to Adjusted EBITDA of $10.5
  million in the prior year quarter.
• Non-GAAP net income of $9.4 million, or $0.12 per diluted share,
  compared to $9.5 million, or $0.12 per diluted share, in the prior
  year quarter.

Full Year 2018 Financial Highlights

• Total revenue of $178.6 million, up 44% year over year.
• GAAP net income of $1.1 million, or $0.02 per diluted share, compared
  to a GAAP net loss of $64.6 million, or a loss of $0.94 per diluted
  share, in the prior year.
• Adjusted EBITDA of $32.0 million, compared to Adjusted EBITDA of $31.6
  million in the prior year.
• Non-GAAP net income of $27.5 million, or $0.36 per diluted share,
  compared to $28.5 million, or $0.39 per diluted share, in the prior
  year.

Growlr Acquisition Highlights

• Expected pro forma revenue and Adjusted EBITDA for 2019 of
  approximately $5.3 million and $3.1 million, respectively.
• 200,000+ global daily active users.
• Acquisition expected to be immediately accretive to Adjusted EBITDA.
• Acquired for approximately 4.5 times anticipated pro forma 2019
  Adjusted EBITDA, assuming full earnout is achieved.

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

“In addition to reporting a strong quarter, I’m excited to announce the
acquisition of Growlr, which provides a meaningful step into the large
same-sex dating market and expands the base of users to whom we can
deliver our live video product,” said Geoff Cook, Chief Executive
Officer of The Meet Group.

“Video transformed our business in 2018,” continued Cook. “Our goal is
to build the best place to meet new people through video, and in the
fourth quarter, we grew both the number of viewers and the number of
broadcasters on our video platform from the third quarter of 2018. We
also increased the average monetization per daily active video user to
18 cents, up from 14 cents in the third quarter 2018. This strong
progress contributed to growing our annualized video run rate revenue to
$71 million for the month of December. Our strong progress continues
into 2019 as we’ve grown the annualized video run rate for the month of
February to more than $82 million.

“Advertising results in the fourth quarter of 2018 were solid. In the
seasonally high fourth quarter, we grew ad revenue 20% from the third
quarter, the highest sequential gain of the year. Though advertising
revenue in the fourth quarter 2018 declined from a year ago, we are
continuing to see signs of stabilization in the advertising market, and
we expect to see a return to traditional seasonal advertising trends in
2019.

“We believe we are still in the early days of the video opportunity. In
2019, we expect to video-enable nearly every aspect of our apps while
broadening our suite of video products and attracting new audiences.
Guided by our commitment to create meaningful connections for our users,
we expect to continue to drive strong growth in video engagement and
monetization throughout the year and into the future.”

Fourth Quarter and Full Year Financial Results

For the fourth quarter of 2018, the Company reported revenue of $52.5
million, an increase of 31% from $40.1 million in the prior year
quarter. GAAP net income in the fourth quarter of 2018 was $4.3 million,
or $0.06 per diluted share, compared to a GAAP net loss of $68.1
million, or $0.95 per diluted share, in the prior year quarter, which
included a non-cash asset impairment charge and deferred tax charge of
$56.4 million and $7.7 million, respectively. Adjusted EBITDA in the
fourth quarter of 2018 was $10.6 million, compared to $10.5 million in
the prior year quarter.

For the full year 2018, the Company reported revenue of $178.6 million,
an increase from $123.8 million in 2017. GAAP net income for the full
year 2018 was $1.1 million, or $0.02 per diluted share, compared to a
GAAP net loss of $64.6 million, or $0.94 per diluted share, in the prior
year. Adjusted EBITDA for the full year 2018 was $32.0 million, compared
to $31.6 million in 2017. Non-GAAP net income for the full year 2018 was
$27.5 million, or $0.36 per diluted share, compared to $28.5 million, or
$0.39 per diluted share, in the prior year.

The Company ended the year with $28.4 million in cash and cash
equivalents.

Growlr

The Meet Group today also announced that on March 5, 2019, it acquired
Initech, LLC, the privately held company that owns and operates the
leading same-sex social application Growlr (referred to herein as
Growlr). The Company acquired Growlr for $11.8 million, using $4.8
million in cash on hand and $7.0 million from its existing line of
credit, plus an earnout of $2.0 million to be paid in annual $1.0
million installments over the next two years if certain revenue metrics
are achieved in each year.

The Growlr app has more than 200,000 global daily active users, who
exchange millions of messages each day. Consistent with its previous
acquisitions, the Company expects purchase accounting adjustments to
reduce Growlr’s 2019 GAAP revenue and Adjusted EBITDA to account for
revenue recognition adjustments on subscriptions purchased prior to the
closing. The Company does not expect Growlr’s 2019 booked revenue and
cash flow to be impacted by these GAAP adjustments.

“We are thrilled to add Growlr to The Meet Group portfolio,” said Cook.
“Similar to what we have done with our other acquired properties, we
plan to be aggressive in bringing our video model to Growlr. We expect
to begin rolling out live video on Growlr in the fourth quarter of 2019.
We also see opportunities to grow advertising revenue on the app, and we
plan to further invest in user acquisition to expand brand awareness and
reach.”

Company Outlook

The Company is providing the following outlook for the first quarter and
full year of 2019, which includes video growth expectations:

First quarter 2019:

• Revenue in the range of $47.5 million to $48.0 million.
• Adjusted EBITDA in the range of $7.0 million to $7.5 million.

Full year 2019:

• Revenue in the range of $210.0 million to $215.0 million.
• Adjusted EBITDA in the range of $39.0 million to $42.0 million.

Webcast and Conference Call Details

Management will host a webcast and conference call to discuss fourth
quarter and year end 2018 financial results today, March 6, 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 1586529 to the operator. An audio replay will be
available at 855-859-2056 domestically or 404-537-3406 internationally,
using passcode 1586529 through March 13, 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 portfolio of mobile social
entertainment apps designed to meet the universal need for human
connection. We leverage a powerful live-streaming video platform,
empowering our global community to forge meaningful connections. Our
primary apps, MeetMe©, LOVOO©, Skout©, and Tagged©, keep millions of
mobile daily active users entertained and engaged and originate untold
numbers of casual chats, friendships, dates, and marriages. Our apps,
available on iPhone, iPad, and Android in multiple languages, use
innovative products and sophisticated data science to let our users
stream live video, send gifts, chat, and share photos. The Meet Group
has a diversified revenue mix consisting of in-app purchases,
subscription, and advertising, and we have offices in New Hope,
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 whether first quarter 2019 and full year 2019 revenue
and Adjusted EBITDA will be in the projected outlook range, whether
momentum will continue as expected, whether we have set the stage for
sustainable long-term revenue growth as expected, whether our investment
in livestreaming video will continue to yield strong results, whether we
will see a return to seasonal trends in advertising, whether there is an
opportunity to grow ad revenue in the fourth quarter, whether will
video-enable nearly every aspect of our apps and broaden the suite of
video products, whether we will continue to attract new audiences,
whether and when we will roll out live video on Growlr, whether we will
grow advertising on Growlr, whether and to what extent we will further
invest in Growlr user acquisition and expand brand awareness, and
whether the opportunity to continue to grow video engagement and revenue
is significant. 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, 2017 filed with the SEC on March 16, 2018 and our Quarterly
Report on Form 10-Q for the quarters ended March 31, 2018, June 30, 2018
and September 30, 2018 filed with the SEC on May 7, 2018, August 2, 2018
and November 8, 2018, 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 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/20190306005363/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 public market leader in the
mobile meeting space, today announced that its fourth quarter and full
year 2018 financial results will be issued in a press release on
Wednesday, March 6, 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 portfolio of mobile social
entertainment apps designed to meet the universal need for human
connection. We leverage a powerful live-streaming video platform,
empowering our global community to forge meaningful connections. Our
primary apps, MeetMe®, LOVOO®, Skout®, and Tagged®, keep millions of
mobile daily active users entertained and engaged and originate untold
numbers of casual chats, friendships, dates, and marriages. Our apps,
available on iPhone, iPad, and Android in multiple languages, use
innovative products and sophisticated data science to let our users
stream live video, send gifts, chat, and share photos. The Meet Group
has a diversified revenue mix consisting of in-app purchases,
subscription, and advertising, and we have offices in New Hope,
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/20190220005168/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.

–Fourth quarter and full year 2018 revenue and adjusted EBITDA
expected to exceed high end of prior outlook

NEW HOPE, Pa.–(BUSINESS WIRE)–
The Meet Group, Inc. (NASDAQ: MEET), a public market leader in the
mobile meeting space, today pre-released selected preliminary financial
information for its fourth quarter and full year 2018.

For the fourth quarter 2018, the Company expects:

• Revenue of approximately $52.3 million, above the high end of its
  prior outlook of $47.8 million to $48.8 million; and
• Adjusted EBITDA of approximately $10.3 million, above the high end of
  its prior outlook of $8.7 million to $9.1 million.

Preliminary Financial Results for the full year 2018. The Company
expects:

• Revenue of approximately $178.5 million, above the high end of its
  prior outlook of $174 million to $175 million; and
• Adjusted EBITDA of approximately $31.8 million, above the high end of
  its prior outlook of $30.2 million to $30.6 million.

“We ended 2018 with excellent results across our business,” said Geoff
Cook, CEO of The Meet Group. “Video revenue grew in total and across
each of our apps in the fourth quarter compared to the third. We exited
the year with an annualized video revenue run-rate of $71 million based
on the month of December, capping a remarkable year for a product that
we launched just 15 months ago.

“Users are enthusiastically embracing our Battles product, which has
infused a new level of energy, fun and excitement into Live,” continued
Cook. “While it is still very much early days for the product, more than
30,000 battles per day took place in the past week, as livestreamers
competed to earn the most diamonds and become the best singer, dancer or
battler. Viewer gifting behavior over the same period was strong as
total credits given in Battles comprised approximately 15% of Live
credits.

“Advertising results in the fourth quarter were also seasonally strong
with ad revenue growing approximately 19% from the third quarter of
2018.”

The Company has not yet closed and not yet finalized its financial
statement review process for the fourth quarter and full year 2018. 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 year-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 our 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 fourth quarter and full
year 2018 results in March of 2019.

About The Meet Group

The Meet Group (NASDAQ: MEET) is a portfolio of mobile social
entertainment apps designed to meet the universal need for human
connection. We leverage a powerful live-streaming video platform,
empowering our global community to forge meaningful connections. Our
primary apps, MeetMe®, LOVOO®, Skout®, and Tagged®, keep millions of
mobile daily active users entertained and engaged and originate untold
numbers of casual chats, friendships, dates, and marriages. Our apps,
available on iPhone, iPad, and Android in multiple languages, use
innovative products and sophisticated data science to let our users
stream live video, send gifts, chat, and share photos. The Meet Group
has a diversified revenue mix consisting of in-app purchases,
subscription, and advertising, and we have offices in New Hope,
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 whether fourth quarter 2018 revenue and Adjusted EBITDA
will be as expected, whether full year 2018 revenue and Adjusted EBITDA
will be as expected, whether video will continue to grow in total and
across each of our apps, whether Battles is still in its early days as a
product, whether the number of daily battles will remain as high as the
past week or increase, whether viewer gifting behavior will remain as
strong as over the same period with respect to total credits given, and
whether ad revenue will continue to grow. All statements other than
statements of historical facts contained herein are forward-looking
statements. The words “believe,” “may,” “estimate,” “continue,”
“anticipate,” “intend,” “should,” “plan,” “could,” “target,”
“potential,” “project,” “is likely,” “expect” and similar expressions,
as they relate to us, are intended to identify forward-looking
statements. We have based these forward-looking statements largely on
our current expectations and projections about future events and
financial trends that we believe may affect our financial condition,
results of operations, business strategy and financial needs. Important
factors that could cause actual results to differ from those in the
forward-looking statements include the risk that our applications will
not function easily or otherwise as anticipated, the risk that we will
not launch additional features and upgrades as anticipated, the risk
that unanticipated events affect the functionality of our applications
with popular mobile operating systems, any changes in such operating
systems that degrade our mobile applications’ functionality and other
unexpected issues which could adversely affect usage on mobile devices.
Further information on our risk factors is contained in our filings with
the Securities and Exchange Commission (“SEC”), including the Form 10-K
for the year ended December 31, 2017 filed with the SEC on March 16,
2018 and our Quarterly Reports on Form 10-Q for the quarters ended March
31, 2018, June 30, 2018 and September 30, 2018 filed with the SEC on May
7, 2018, August 2, 2018 and November 8, 2018, 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 Financial Measures

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 or provision for income taxes, depreciation
and amortization, stock-based compensation, warrant obligations,
non-recurring acquisition, restructuring or other expenses, gain or loss
on cumulative foreign currency translation adjustment, gain on sale of
asset, 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/20190108005297/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 Live Video Competition Feature Expected to Drive Engagement and
  Monetization
• Annualized Video Revenue Run-rate Increases to $62 Million in
  November
• Improvements in Seasonal Advertising Trends Continuing

NEW HOPE, Pa.–(BUSINESS WIRE)–
The Meet Group, Inc. (NASDAQ: MEET), a public market leader in the
mobile meeting space, today announced it has begun the rollout of its
new Battles feature on its MeetMe and Skout apps, and provided an update
on its livestreaming video and advertising results.

This press release features multimedia. View the full release here:
https://www.businesswire.com/news/home/20181218005227/en/

The Meet Group launches Battles. (Graphic: Business Wire)

“Battles brings an exciting competitive dynamic to Live, and we are
thrilled to bring this new feature to our users,” said Geoff Cook, CEO
of The Meet Group. “We believe that the addition of Battles will
contribute to our growing video revenue run-rate, which exceeded $62
million annualized, based on the month of November, up from the $55
million number we reported in October. Momentum in video revenue has
continued into December, and this past weekend we achieved the highest
video revenue day in our history.”

Battles brings together two livestreamers and their audiences for a live
competition, whether it be for best dancer, musician or comedian, among
other categories. Each battle lasts just a few minutes, and the winner
is the streamer who earns more diamonds by receiving gifts from viewers
during the battle period.

“Our mission is to build the best place to meet new people,” continued
Cook. “We are always seeking novel ways to deliver meaningful
connections. We believe Battles will enable connection around talent. We
believe it also has the potential to incent viewers to give more gifts
to streamers, which is primarily how we monetize video today. We believe
the competitive dynamic will strengthen the relationships between
streamers and their fans. Battles, sometimes referred to as PK in Asian
livestreaming apps such as MOMO and YY, appears to be a mainstay of
monetization for those apps, contributing both to engagement and to
monetization, and we believe it is a natural fit with our community as
well.

“In addition to Battles, we have a pipeline of features and programs
aimed at increasing video monetization. Just last week, we began our 12
Days of Gifting holiday campaign, which includes exclusive
holiday-themed gifts, aimed at maximizing gifting in the peak of the
holiday season. On a larger scale, we expect to bring Levels to the
platform in the first half of 2019. We believe Levels adds a
gamification element to Live by establishing aspirational ranks for
users and exclusive benefits to unlock. We expect Levels to contribute
to increasing user engagement, as streamers and gifters strive to reach
higher levels while competing with their fellow users for top
recognition. We look forward to the impact that we expect Battles and
our future product initiatives to have on Live.

“Beyond video, the fourth quarter appears to be shaping up to be a
strong advertising quarter as well, with significant gains compared to
the third quarter as the return to normal seasonal trends continues,”
added Cook.

About The Meet Group

The Meet Group (NASDAQ: MEET) is a portfolio of mobile social
entertainment apps designed to meet the universal need for human
connection. We leverage a powerful live-streaming video platform,
empowering our global community to forge meaningful connections. Our
primary apps, MeetMe®, LOVOO®, Skout®, and Tagged®, keep millions of
mobile daily active users entertained and engaged and originate untold
numbers of casual chats, friendships, dates, and marriages. Our apps,
available on iPhone, iPad, and Android in multiple languages, use
innovative products and sophisticated data science to let our users
stream live video, send gifts, chat, and share photos. The Meet Group
has a diversified revenue mix consisting of in-app purchases,
subscription, and advertising, and we have offices in New Hope,
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 whether the addition of Battles will contribute to
engagement, monetization, or our growing video revenue run-rate, whether
improvements in seasonal advertising trends will continue, whether we
will complete the rollout of Battles on MeetMe and Skout as expected,
whether our video run rate will achieve the levels expected, whether
momentum in video revenue will continue, whether Battles will enable
connection around talent, whether Battles will incent viewers to give
more gifts to streamers, whether the competitive dynamic of Battles will
strengthen the relationships between streamers and their fans, whether
Battles will contribute to engagement and monetization, whether Battles
will be a natural fit for our community, whether we will launch our
pipeline of products as expect and whether it will increase video
monetization, whether our 12 Days of Gifting campaign will maximize
gifting in the peak of the holiday season, whether we will launch Levels
as expected, whether Levels will add a gamification element to Live by
establishing aspirational ranks for users and exclusive benefits to
unlock, whether Levels will contribute to increasing user engagement,
and whether Battles and our future product initiatives will have the
expected impact on Live, whether our fourth quarter will be a strong
advertising quarter with significant gains compared to our third
quarter, and whether the return to normal seasonal trends in advertising
will continue. All statements other than statements of historical facts
contained herein are forward-looking statements. The words “believe,”
“may,” “estimate,” “continue,” “anticipate,” “intend,” “should,” “plan,”
“could,” “target,” “potential,” “project,” “is likely,” “expect” and
similar expressions, as they relate to us, are intended to identify
forward-looking statements. We have based these forward-looking
statements largely on our current expectations and projections about
future events and financial trends that we believe may affect our
financial condition, results of operations, business strategy and
financial needs. Important factors that could cause actual results to
differ from those in the forward-looking statements include the risk
that our applications will not function easily or otherwise as
anticipated, the risk that we will not launch additional features and
upgrades as anticipated, the risk that unanticipated events affect the
functionality of our applications with popular mobile operating systems,
any changes in such operating systems that degrade our mobile
applications’ functionality and other unexpected issues which could
adversely affect usage on mobile devices. Further information on our
risk factors is contained in our filings with the Securities and
Exchange Commission (“SEC”), including the Form 10-K for the year ended
December 31, 2017 filed with the SEC on March 16, 2018 and our Quarterly
Reports on Form 10-Q for the quarters ended March 31, 2018 and June 30,
2018 filed with the SEC on May 7, 2018 and August 2, 2018, 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/20181218005227/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 public market leader in the mobile
meeting space, has teamed up with Action Against Hunger to offer a
limited edition virtual gift in its MeetMe, Skout, and Tagged mobile
applications to help children and families suffering from malnutrition
this holiday season.

Action
Against Hunger has led the global fight against hunger for almost 40
years, across nearly 50 countries saving hundreds of thousands of lives
each year. The organization is committed to doubling the number of
children who receive urgent hunger care, from three million to six
million by 2020.

“Nearly half of all child deaths worldwide are from causes related to
undernutrition, and roughly 821 million people go to bed hungry every
night,” said Catherine Cook Connelly, VP of Brand Strategy for The Meet
Group. “This Thanksgiving season, we want to bring awareness to hunger
as a global issue. Hunger is predictable, preventable, and treatable and
I know our community will come together and support families in need.”

The custom gift will be available for purchase in the MeetMe, Skout, and
Tagged livestreaming apps to help raise money for this worldwide issue
between November 15, 2018, and November 30, 2018. For every Action
Against Hunger gift sent to broadcasters, The Meet Group will donate
$0.25, up to an aggregate of $10,000 to Action Against Hunger. For more
details, click
here.

About The Meet Group

The Meet Group (NASDAQ: MEET) is a portfolio of mobile social
entertainment apps designed to meet the universal need for human
connection. We leverage a powerful live-streaming video platform,
empowering our global community to forge meaningful connections. Our
primary apps, MeetMe®, LOVOO®, Skout®, and Tagged®, entertain millions
of mobile daily active users, generating untold numbers of casual chats,
friendships, dates, and marriages. Our apps, available on iPhone, iPad,
and Android in multiple languages, combine product innovation with
sophisticated data science to both entertain and connect our audience.
The Meet Group has a diversified revenue mix consisting of in-app
purchases, subscription, and advertising, and we have offices in New
Hope, 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/20181115005163/en/

Brandyn Bissinger, 267-446-7010
bbissinger@themeetgroup.com

Source: The Meet Group, Inc.

NEW HOPE, Pa.–(BUSINESS WIRE)–
The
Meet Group, Inc. (NASDAQ:MEET), a public market leader in the mobile
meeting space, announced today that VP of Livestreaming, Lauren
Hallanan, will speak at Streaming Media West on November 13-14, 2018,
and General Counsel and EVP Business Affairs, Fred Beckley, will speak
at the Family Online Safety Institute Annual Conference on November 15,
2018.

Streaming
Media West, the Live Streaming Summit is the only U.S. event
covering complex issues and opportunities related to the live streaming
industry. The event will take place at the Huntington Beach Hyatt
Regency in California where Hallanan will participate in a panel titled
“Solo Streamers and Social Influencers” at 1:45 p.m. PT.

“Today’s live streamers have the ability to form deep connections with
their fans,” said Hallanan. “During this session, our panel will discuss
how brands can leverage the talent and following of a live streamer, as
well as what it means for a streamer to be always-on with sometimes
multiple live appearances in a single day.”

FOSI’s
2018 Annual Conference, “Creating a Culture of Responsibility
Online,” brings together leaders from industry, government, law
enforcement and non-profits to collaborate and innovate new solutions to
Internet safety challenges. It takes place at the U.S. Institute of
Peace in Washington, DC, where Beckley will participate on the “Watching
the Moderators” panel at 1:15 p.m. ET.

“At The Meet Group, we strive to keep the environment on our apps a
place where everyone feels welcome and comfortable,” said Beckley.
“That’s why we choose to sit on the Members Group of the Family Online
Safety Institute collaborating with technology leaders in the industry
to provide online safety across generations.”

About The Meet Group

The Meet Group (NASDAQ: MEET) is a portfolio of mobile social
entertainment apps designed to meet the universal need for human
connection. We leverage a powerful live-streaming video platform,
empowering our global community to forge meaningful connections. Our
primary apps, MeetMe®, LOVOO®, Skout®, and Tagged®, entertain millions
of mobile daily active users, generating untold numbers of casual chats,
friendships, dates, and marriages. Our apps, available on iPhone, iPad,
and Android in multiple languages, combine product innovation with
sophisticated data science to both entertain and connect our audience.
The Meet Group has a diversified revenue mix consisting of in-app
purchases, subscription, and advertising, and we have offices in New
Hope, 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/20181113005260/en/

The Meet Group, Inc.
Press Contact:
Brandyn Bissinger,
267-446-7010
bbissinger@themeetgroup.com
or
Investor
Contact:
Leslie Arena, 267-714-6418
larena@themeetgroup.com

Source: The Meet Group, Inc.

NEW HOPE, Pa.–(BUSINESS WIRE)–
The Meet Group, Inc. (NASDAQ: MEET), a public market leader in the
mobile meeting space, today reported financial results for its third
quarter ended September 30, 2018.

Third Quarter 2018 Financial Highlights

• Total revenue of $45.7 million, up 42% year over year
• GAAP net income of $1.3 million, or $0.02 per diluted share, compared
  to $2.2 million, or $0.03 per diluted share in the prior year quarter
• Adjusted EBITDA of $8.7 million, compared to adjusted EBITDA of $8.9
  million in the prior year quarter
• Non-GAAP net income of $7.6 million, or $0.10 per diluted share,
  compared to $8.1 million or $0.11 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 continue to grow video revenue across all of our apps,” said Geoff
Cook, Chief Executive Officer. “In one year, we have increased the
annualized video revenue run rate from virtually zero to $55 million for
the month of October. Our successful Lovoo acquisition and integration,
together with the dramatic growth of video revenue, have contributed to
transforming our revenue mix. We tripled user pay revenue from a year
ago, with that portion of our business now contributing 61% of our total
revenue, up from 27% in the third quarter of 2017. We believe we are in
the early days of the video opportunity and that livestreaming aligns
perfectly with our mission: to facilitate human connection.

“Traffic in the quarter was also strong. We grew mobile daily active
users 3% sequentially to 4.3 million and mobile monthly active users 7%
sequentially to 14.6 million, reflecting quarter-over-quarter gains from
each of MeetMe, Lovoo, Skout, and Tagged. For the quarter, daily live
video users averaged approximately 870,000, up more than 36%
sequentially. In addition, we recently surpassed our 100 millionth gift
sent since launching Live monetization a year ago.”

“Advertising results were also solid,” continued Cook, “increasing
sequentially for the second consecutive quarter. We continue to see
evidence of a return to seasonal trends in advertising and remain
cautiously optimistic about the opportunity to grow ad revenue in the
fourth quarter.”

Third Quarter Financial Results

For the third quarter of 2018, the Company reported revenue of $45.7
million, an increase of 42% from $32.2 million in the prior year quarter.

GAAP net income was $1.3 million, or $0.02 per diluted share, compared
to $2.2 million, or $0.03 per diluted share, in the prior year quarter.
Adjusted EBITDA in the third quarter of 2018 was $8.7 million compared
to $8.9 million in the prior year quarter, reflecting the ongoing shift
towards user pay revenue.

The Company ended the quarter with $21.8 million in cash and cash
equivalents.

Company Outlook

The Company is providing the following outlook for the fourth quarter of
2018 and is increasing its outlook for the full year 2018.

Fourth quarter 2018:

• Revenue in the range of $47.8 million to $48.8 million
• Adjusted EBITDA in the range of $8.7 million to $9.1 million

Full year 2018:

• Revenue in the range of $174 million to $175 million
• Adjusted EBITDA in the range of $30.2 million to $30.6 million

Webcast and Conference Call Details

Management will host a webcast and conference call to discuss third
quarter 2018 financial results today, November 7, 2018 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 3187279 to the operator. An audio replay will be available at
855-859-2056 domestically or 404-537-3406 internationally, using
passcode 3187279 through November 14, 2018. 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 portfolio of mobile social
entertainment apps designed to meet the universal need for human
connection. We leverage a powerful live-streaming video platform,
empowering our global community to forge meaningful connections. Our
primary apps, MeetMe©, LOVOO©, Skout©, and Tagged©, keep millions of
mobile daily active users entertained and engaged and originate untold
numbers of casual chats, friendships, dates, and marriages. Our apps,
available on iPhone, iPad, and Android in multiple languages, use
innovative products and sophisticated data science to let our users
stream live video, send gifts, chat, and share photos. The Meet Group
has a diversified revenue mix consisting of in-app purchases,
subscription, and advertising, and we have offices in New Hope,
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 whether fourth quarter 2018 and full year 2018 revenue
and Adjusted EBITDA will be in the projected range, whether momentum
will continue as expected, whether we have set the stage for sustainable
long-term revenue growth as expected, whether our investment in
livestreaming video will continue to yield strong results, whether there
is a return to seasonal trends in advertising, whether there is an
opportunity to grow ad revenue in the fourth quarter and whether the
opportunity to continue to grow video engagement and revenue is
significant. All statements other than statements of historical facts
contained herein are forward-looking statements. The words “believe,”
“may,” “estimate,” “continue,” “anticipate,” “intend,” “should,” “plan,”
“could,” “target,” “potential,” “project,” “is likely,” “expect” and
similar expressions, as they relate to us, are intended to identify
forward-looking statements. We have based these forward-looking
statements largely on our current expectations and projections about
future events and financial trends that we believe may affect our
financial condition, results of operations, business strategy and
financial needs. Important factors that could cause actual results to
differ from those in the forward-looking statements include the risk
that our applications will not function easily or otherwise as
anticipated, the risk that we will not launch additional features and
upgrades as anticipated, the risk that unanticipated events affect the
functionality of our applications with popular mobile operating systems,
any changes in such operating systems that degrade our mobile
applications’ functionality and other unexpected issues which could
adversely affect usage on mobile devices. Further information on our
risk factors is contained in our filings with the Securities and
Exchange Commission (“SEC”), including the Form 10-K for the year ended
December 31, 2017 filed with the SEC on March 16, 2018 and our Quarterly
Report on Form 10-Q for the quarters ended March 31, 2018 and June 30,
2018 filed with the SEC on May 7, 2018 and August 2, 2018, 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 uses Adjusted EBITDA and Non-GAAP Net Income, which are not
calculated and presented in accordance with U.S. generally accepted
accounting principles (“GAAP”), in evaluating its financial and
operational decision making and as a means to evaluate period-to period
comparison. The Company uses these non-GAAP financial measures for
financial and operational decision-making and as a means to evaluate
period-to-period comparisons. The Company presents these non-GAAP
financial measures because it believes them to be an important
supplemental measure of performance that is commonly used by securities
analysts, investors and other interested parties in the evaluation of
companies in our industry. We refer you to the reconciliations below.

The Company defines Adjusted EBITDA as earnings (or loss) from
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 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/20181107005450/en/

The Meet Group, Inc.
Investor Contact:
Leslie Arena,
267-714-6418
larena@themeetgroup.com
or
Media
Contact:
Brandyn Bissinger, 267-446-7010
bbissinger@themeetgroup.com

Source: The Meet Group, Inc.

NEW HOPE, Pa.–(BUSINESS WIRE)–
The Meet Group, Inc. (NASDAQ: MEET), a public market leader in the
mobile meeting space, today announced that its third quarter 2018
financial results will be issued in a press release on Wednesday,
November 7, 2018, 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 portfolio of mobile social
entertainment apps designed to meet the universal need for human
connection. We leverage a powerful live-streaming video platform,
empowering our global community to forge meaningful connections. Our
primary apps, MeetMe®, LOVOO®, Skout®, and Tagged®, keep millions of
mobile daily active users entertained and engaged and originate untold
numbers of casual chats, friendships, dates, and marriages. Our apps,
available on iPhone, iPad, and Android in multiple languages, use
innovative products and sophisticated data science to let our users
stream live video, send gifts, chat, and share photos. The Meet Group
has a diversified revenue mix consisting of in-app purchases,
subscription, and advertising, and we have offices in New Hope,
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/20181024005516/en/

The Meet Group, Inc.
Investor Contact:
Leslie Arena,
267-714-6418
larena@themeetgroup.com
or
Media
Contact:
Brandyn Bissinger, 267-446-7010
bbissinger@themeetgroup.com

Source: The Meet Group, Inc.

NEW HOPE, Pa.–(BUSINESS WIRE)–
The
Meet Group, Inc. (NASDAQ:MEET), a public market leader in the mobile
meeting space, has been named one of the 76 fastest growing companies by The
Philadelphia Business Journal for the second year in a row.
Nominated companies from across the region were selected by revenue
growth over a three-year period from 2015 through 2017.

The Meet Group was ranked 16th on the annual list. Fueled by three
acquisitions since 2016, The Meet Group continues to execute on its
mission to meet the universal need for human connection through its
portfolio of social apps, including MeetMe, LOVOO, Skout, Tagged, and
their popular livestreaming video platforms.

“The Philadelphia area has been a great location to headquarter our
technology business and we are honored to have secured a spot again on
The Philadelphia Business Journal’s fastest-growing company list,” said
Geoff Cook CEO of The Meet Group. “We look forward to continuing to be
part of this exciting and vibrant business community.”

Soaring 76 winners were awarded their ranking at a special event held at
the SugarHouse Casino and will be showcased in a featured edition of the
Philadelphia Business Journal.

About The Meet Group

The Meet Group (NASDAQ: MEET) is a portfolio of mobile social
entertainment apps designed to meet the universal need for human
connection. We leverage a powerful live-streaming video platform,
empowering our global community to forge meaningful connections. Our
primary apps, MeetMe®, LOVOO®, Skout®, and Tagged®, entertain millions
of mobile daily active users, generating untold numbers of casual chats,
friendships, dates, and marriages. Our apps, available on iPhone, iPad,
and Android in multiple languages, combine product innovation with
sophisticated data science to both entertain and connect our audience.
The Meet Group has a diversified revenue mix consisting of in-app
purchases, subscription, and advertising, and we have offices in New
Hope, Philadelphia, San Francisco, Dresden, and Berlin. For more
information, visit themeetgroup.com,
and follow us on Facebook,
Twitter
or LinkedIn.