NEW HOPE, Pa.--(BUSINESS WIRE)--MeetMe, Inc. (NASDAQ: MEET), the public market leader for social discovery, announced today that earlier this week it surpassed 1.1 million mobile daily active users (DAU) for the first time ever.
“It’s fantastic to achieve another all-time high in mobile traffic,” said Geoff Cook, CEO of MeetMe. “We have been successfully reengaging our existing users while continuing to sign up more than 30,000 new users a day on our mobile apps. Since January 1, we have averaged more than 21 million user-to-user chats per day and set new single-day records for chats sent. We are excited by the strength of our product pipeline as we continue to build the preeminent mobile chat app for connecting with new people.”
As announced last week, the company expects annual revenue to grow to between $47 million and $53 million for the year and projects annual adjusted EBITDA to grow to between $7 million and $10 million in 2015.
About MeetMe, Inc.
MeetMe® is the leading social network for meeting new people in the US and the public market leader for social discovery (NASDAQ: MEET). MeetMe makes it easy to discover new people to chat with on mobile devices. With approximately 80 percent of traffic coming from mobile and more than one million total daily active users, MeetMe is fast becoming the social gathering place for the mobile generation. The company is a leader in mobile monetization with a diverse revenue model comprising advertising, native advertising, virtual currency, and subscription. MeetMe apps are available on iPhone, iPad, and Android in multiple languages, including English, Spanish, Portuguese, French, Italian, German, Chinese (Traditional and Simplified), Russian, Japanese, Dutch, Turkish and Korean. For more information, please visit meetmecorp.com.
Cautionary Note Concerning 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 DAU will increase in the future, whether we will continue to reengage our users, the rate at which we will sign-up new users in the future, the number of user-to-user chats we will achieve in the future, whether we will continue to set records for chats sent, the strength of our product pipeline, whether we will successfully build the pre-eminent mobile chat app for connecting with new people, and whether our 2015 annual revenue and adjusted EBITDA will grow as anticipated to the respective amounts projected. 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, 2013, the Prospectus Supplement (Rule 424(b)(5)) filed on July 24, 2014,and the Current Report on Form 8-K filed on December 29, 2014. 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.