Annualized run-rate from livestreaming now exceeds $42 million

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 launched Quick, its
new one-on-one live video chat feature, to users of its MeetMe mobile
application in the United States.

This press release features multimedia. View the full release here:
https://www.businesswire.com/news/home/20180821005101/en/

“We are thrilled to bring Quick to our MeetMe users,” said Geoff Cook,
CEO of The Meet Group. “In addition to being our most requested feature,
Quick marks a significant step in video enabling more of our app, while
also delivering on our mission to meet the universal need for human
connection. We hope to see Quick contribute to our growing video
monetization, which now exceeds $42 million annualized, based on the
last 30 days of video revenue.”

Quick is expected to increase video monetization as users can either
choose to match with another user for free or choose to be matched with
users of a specific gender for a fee. In addition, similar to
one-to-many livestreaming, users can give virtual gifts in Quick, which
they may do to show interest to the broadcaster, break the ice or start
a conversation.

“We believe livestreaming video is powerful and enables our audience to
connect with each other like never before,” continued Cook. “We’ve seen
MOMO successfully pair livestreaming with dating in China, and since
2016, we’ve been bringing this model to Western audiences, first in the
U.S. with MeetMe, Tagged, and Skout, and then to Europe with LOVOO.
Today’s announcement is a significant step down that same path. We’ve
seen the Quick model work successfully abroad, and we believe its
one-on-one communication capability will be an important complement to
the one-to-many solution we’ve already built.”

“The bottom line is our users are livestreaming more and more of their
lives on our apps and on other apps, whether when finding new
connections, seeking entertainment, or even when playing video games,”
added Cook. “After completing the roll-out of Quick to all MeetMe users,
we look forward to launching it on our other apps, starting with Skout
later this year. We believe that our pipeline of new video products and
features will continue to attract and engage more of our global user
base. We are excited to bring what we view as a transformative video
product to our community, and are excited about the pipeline of video
products to come.”

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 our annualized video revenue run rate will
continue to exceed $42 million, whether we will video-enable more of our
app, whether Quick will increase our video monetization and whether our
video monetization will continue to grow, whether Quick’s one-on-one
communication capability will be an important complement to our
one-to-many solution, whether our pipeline of new video products and
features will continue to attract and engage more of our global user
base; whether our users will continue to livestream more of their lives
on our apps, whether our pipeline of new video products and features
will continue to attract and engage more of our global user base,
whether we will complete our roll-out of Quick on MeetMe and our other
apps as anticipated, and whether Quick will be a transformative video
product. 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/20180821005101/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.