MeetMe Achieves Record-High Mobile DAU in January
February 02 2015 - 9:00AM
Business Wire
MeetMe, Inc. (NASDAQ: MEET), the public market leader for social
discovery, has achieved a new milestone, averaging more than one
million daily active users (DAU) on mobile for the first month of
this year. The widely popular and fast-growing app also set a new
record for user-to-user chats, averaging more than 21 million per
day for the month.
“We are thrilled to start 2015 off with record traffic and
engagement,” said Geoff Cook, CEO of MeetMe. “Our mobile traffic is
up nearly 30% from January a year ago. We look forward to
continuing to execute against a strong product pipeline as we seek
to build the pre-eminent mobile chat app for connecting with new
people.”
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 our mobile DAU average will
grow in the future and if so at what rate, whether the MeetMe App
will remain widely popular and fast growing, whether the number of
our daily user-to-user chats will grow in the future and if so at
what rate, whether we will continue to experience record traffic
and engagement, whether mobile traffic will grow in the future and
if so at what rate, whether we will execute against our product
pipeline as anticipated and the strength of that pipeline, and
whether we will successfully build the pre-eminent mobile chat app
for connecting with new people. 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.
Press:Fresh PRJeannine Jacobi,
323-903-7063jeannine@freshpr.netorInvestors:MKR Group
Inc.Todd Kehrli, 323-468-2300meet@mkr-group.com
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