The Meet Group Brings Live Video to Germany


Annualized Video Revenue Run Rate Now Tops $35 Million

The Meet Group, Inc. (NASDAQ:MEET), a public market leader in the mobile
meeting space, announced that it has begun the roll out of live video in
Germany on LOVOO, one of the largest German-speaking dating apps by
downloads, and provided an update to its livestreaming video revenue run

This press release features multimedia. View the full release here:

Love. Live. LOVOO. (Graphic: Business Wire)

Love. Live. LOVOO. (Graphic: Business Wire)

“We are excited to launch LOVOO Live in Germany,” said Geoff Cook, Chief
Executive Officer of The Meet Group. “LOVOO is our largest app by daily
active users, and Germany is by far its largest country. With LOVOO Live
now rolling out in Germany and expected to be fully available in the
coming weeks, we have brought live video to all of our major apps. Now,
we are focused on a deep product pipeline that we believe will continue
to grow our livestreaming audience and monetization.”

“Our livestreaming video revenue continues to grow,” said Cook. “Our
annualized video revenue run rate now exceeds $35 million based on
June’s results, up 20% in two months. With our 1-on-1 livestreaming
feature, Quick™, planned for launch later this summer, and with LOVOO
and Tagged, which we believe are still very early in their monetization
trajectory, we are focused on rapidly expanding our livestreaming

“The early monetization data coming from LOVOO in other markets has been
good,” continued Cook. “In recent weeks, we’ve doubled the number of
gifts per gifter. What’s more, LOVOO not only has the highest share of
gifters at launch of any app in our portfolio, it is already on par with
our highest performing app, MeetMe, on that important metric, with
approximately 3% of viewers sending gifts. We believe livestreaming
enables dating apps to expand into social entertainment platforms and
that we are well positioned to benefit from this global trend.”

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 livestreaming 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,
and follow us on Facebook,
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 successfully execute on our product
pipeline and if so whether it will continue to grow our livestreaming
audience and monetization, whether our livestreaming video revenue will
continue to grow, whether our annualized video revenue run rate will
continue to exceed $35 million, whether we will launch our 1-on-1
livestreaming feature later this summer, whether LOVOO and Tagged are
still very early in their monetization trajectory, whether we will
expand our livestreaming business, whether the number of gifts per
gifter will continue to grow, and whether livestreaming will enable our
dating apps to expand into social entertainment platforms, and whether
we are well positioned to benefit from that global trend. 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. 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.

The Meet Group, Inc.
Investor Contact:
Arena, 267-714-6418

Brandyn Bissinger, 267-446-7010

Source: The Meet Group, Inc.