NEW HOPE, Pa.--(BUSINESS WIRE)--MeetMe, Inc. (NASDAQ: MEET), a public market leader for social discovery, today announced the launch of a seven-day free trial offer for its revamped MeetMe+ service in MeetMe’s popular Android and iPhone applications. The free trial enables first-time MeetMe+ users to enjoy its premium benefits free for one week, after which they may choose to continue at the normal subscription rates or return to a standard free membership. The seven-day free trial is available today to a portion of Android and iPhone users and is expected to roll out to all users on iPhone and Android over the coming month.
The recently revamped MeetMe+ service allows members to enjoy enhanced filtering capabilities, priority chat placement, access to photo views, and more. The company has seen an approximately 150% increase in daily subscription revenue since the MeetMe+ revamp launched last month, compared to the trailing twelve-month average.
“We’re excited for MeetMe members to experience the benefits of MeetMe+ risk-free, and we believe the free trial has the potential to further the momentum and growth we are already seeing on subscription revenue since the December product revamp,” said Geoff Cook, CEO of MeetMe.
About MeetMe, Inc.
MeetMe® is a 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 90 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. MeetMe 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, Android, and Windows Phone 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 statements regarding the future availability of the free trial on Android and iPhone, whether the free trial will become available to all users on iPhone and Android over the coming month, whether future subscription revenue will increase, and whether the free trial will further the momentum and growth we are already seeing on subscription revenue since the December product revamp, and whether we will continue to see momentum and growth in our subscription 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, 2014 and the Current Report on Form 8-K filed with the SEC on June 3, 2015. 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.