The Meet Group Provides Update on Livestreaming Video Progress


  • Announces rollout of Tagged livestreaming on The Meet Group’s
    shared platform
  • Reports strong gains in key video metrics

The Meet Group, Inc. (NASDAQ: MEET), a public market leader in the
mobile meeting space, today provided an update on its livestreaming
video rollout and key video operating results.

“We see momentum in video building,” said Geoff Cook, Chief Executive
Officer of The Meet Group. “We have begun the rollout of Tagged
livestreaming on our shared video platform, and we expect to launch
enhanced video monetization on Tagged next month. Additionally, we are
ahead of schedule with our plans to bring live video to Lovoo, and we
now expect to begin rolling out the feature in a phased approach
starting in May.

“What’s more, we have been setting new all-time highs related to video
engagement and monetization across The Meet Group’s portfolio:

  • The number of monetizing users continues to increase on MeetMe and
    Skout. In particular, the number of paid gifters increased 36% in
    March over February. Gifters buy virtual gifts for livestreamers.
  • Video users as a share of mobile daily active users (or vDAU%) on
    MeetMe exceeded 25% for the first time ever last week.
  • Total broadcast time across our shared video platform exceeded 4
    million minutes for the first time this week, and total streaming time
    exceeded 10 million minutes — combining for over 26 years of live
    video engagement in a single day.

“We expect Lovoo and Tagged to drive continued growth of video
engagement and monetization. Additionally, we have a deep pipeline of
product features and enhancements that we believe will continue to drive
video DAU and video ARPDAU, while also creating richer, more meaningful
connections within our community,” continued Cook. “We recently began
rolling out gender filters on MeetMe so that users can connect via live
video, and we merged our Skout and MeetMe audiences, giving users of
both platforms access to a greater number of potential connections.
Skout Live is performing well and is already contributing meaningfully
to total video revenue.”

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 4.3 million
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,
and follow us on FacebookTwitter 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 continue to see momentum in video
building, whether we will launch enhanced video monetization on Tagged
next month, whether we will begin rolling out Lovoo video as anticipated
in May, whether we will continue setting new highs related to video
engagement on MeetMe and Skout, whether the number of monetizable users
will continue to increase on MeetMe and Skout, whether the number of
gifters will continue to increase on MeetMe and Skout, whether the share
of video DAU will continue to grow, whether total broadcast and viewing
minutes will continue to grow, whether we will begin to monetize Lovoo
and Tagged users in May, whether Lovoo and Tagged will continue to drive
growth of video engagement and monetization, whether our product
pipeline will continue to drive video DAU and video ARPDAU while
creating richer, more meaningful connections within our community, and
whether Skout Live will continue performing well and contribute
meaningfully to total video revenue. All statements other than
statements of historical facts contained herein are forward-looking
statements. The words “believe,” “may,” “estimate,” “continue,”
“anticipate,” “intend,” “should,” “plan,” “could,” “target,”
“potential,” “project,” “is likely,” “expect” and similar expressions,
as they relate to us, are intended to identify forward-looking
statements. We have based these forward-looking statements largely on
our current expectations and projections about future events and
financial trends that we believe may affect our financial condition,
results of operations, business strategy and financial needs. Important
factors that could cause actual results to differ from those in the
forward-looking statements include the risk that our applications will
not function easily or otherwise as anticipated, the risk that we will
not launch additional features and upgrades as anticipated, the risk
that unanticipated events affect the functionality of our applications
with popular mobile operating systems, any changes in such operating
systems that degrade our mobile applications’ functionality and other
unexpected issues which could adversely affect usage on mobile devices.
Further information on our risk factors is contained in our filings with
the Securities and Exchange Commission (“SEC”), including the Form 10-K
for the year ended December 31, 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:
Leslie Arena,

Brandyn Bissinger, 267-446-7010

Source: The Meet Group, Inc.