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* * $MEET Video Chart 03-04-2020 * *
Link to Video - click here to watch the technical chart video
Looking strong! Monster squeeze occurring....combined with potential buyout... and earnings on the horizon.
This will be an interesting couple weeks ahead!
$$$ Meet $$$ looking attractive here
Amended Statement of Ownership (sc 13g/a)
Source: Edgar (US Regulatory)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 3)*
MEET GROUP INC/THE
(Name of Issuer)
Common Stock
(Title of Class of Securities)
58513U101
(CUSIP Number)
December 31, 2019
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
x Rule 13d-1(b)
¨ Rule 13d-1(c)
¨ Rule 13d-1(d)
*The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.
The information required in the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).
CUSIP No. 58513U101
1.
Names of Reporting Persons.
I.R.S. Identification Nos. of above persons (entities only).
Dimensional Fund Advisors LP (Tax ID: 30-0447847)
2.
Check the Appropriate Box if a Member of a Group (See Instructions)
(a) ¨
(b) x
3.
SEC Use Only
4.
Citizenship or Place of Organization
Delaware Limited Partnership
Number of
Shares
Beneficially
Owned by
Each
Reporting
Person
With
5. Sole Voting Power
5599700 **see Note 1**
6. Shared Voting Power
0
7. Sole Dispositive Power
5825407 **see Note 1**
8. Shared Dispositive Power
0
9.
Aggregate Amount Beneficially Owned by Each Reporting Person
5825407 **see Note 1**
10.
Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)
N/A
11.
Percent of Class Represented by Amount in Row (9)
8.12%
12.
Type of Reporting Person (See Instructions)
IA
Item 1. (a)
Name of Issuer
MEET GROUP INC/THE
(b)
Address of Issuer’s Principal Executive Offices
100 Union Square Drive, New Hope,PA,18938
Item 2. (a)
Name of Person Filing
Dimensional Fund Advisors LP
(b)
Address of Principal Business Office, or if none, Residence
Building One
6300 Bee Cave Road
Austin, Texas, 78746
(c)
Citizenship
Delaware Limited Partnership
(d)
Title of Class of Securities
Common Stock
(e)
CUSIP Number
58513U101
Item 3. If this statement is filed pursuant to Sec. 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a: (a) ¨ Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o); (b) ¨ Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c); (c) ¨ Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c); (d) ¨ Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8); (e) x An investment adviser in accordance with Sec. 240.13d-1(b)(1)(ii)(E); (f) ¨ An employee benefit plan or endowment fund in accordance with Sec. 240.13d-1(b)(1)(ii)(F); (g) ¨ A parent holding company or control person in accordance with Sec. 240.13d-1(b)(1)(ii)(G); (h) ¨ A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813); (i) ¨ A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3); (j) ¨ A non-U.S. institution in accordance with Sec. 240.13d-1(b)(1)(ii)(J); (k) ¨ Group, in accordance with Sec. 240.13d-1(b)(1)(ii)(J).Item 4. Ownership.Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1. (a)
Amount beneficially owned:
5825407 **see Note 1**
(b)
Percent of class:
8.12%
(c) Number of shares as to which the person has: (i)
Sole power to vote or to direct the vote:
5599700 **see Note 1**
(ii)
Shared power to vote or to direct the vote:
0
(iii)
Sole power to dispose or to direct the disposition of:
5825407 **see Note 1**
(iv)
Shared power to dispose or to direct the disposition of:
0
** Note 1 ** Dimensional Fund Advisors LP, an investment adviser registered under Section 203 of the Investment Advisors Act of 1940, furnishes investment advice to four investment companies registered under the Investment Company Act of 1940, and serves as investment manager or sub-adviser to certain other commingled funds, group trusts and separate accounts (such investment companies, trusts and accounts, collectively referred to as the “Funds”). In certain cases, subsidiaries of Dimensional Fund Advisors LP may act as an adviser or sub-adviser to certain Funds. In its role as investment advisor, sub-adviser and/or manager, Dimensional Fund Advisors LP or its subsidiaries (collectively, “Dimensional”) may possess voting and/or investment power over the securities of the Issuer that are owned by the Funds, and may be deemed to be the beneficial owner of the shares of the Issuer held by the Funds. However, all securities reported in this schedule are owned by the Funds. Dimensional disclaims beneficial ownership of such securities. In addition, the filing of this Schedule 13G shall not be construed as an admission that the reporting person or any of its affiliates is the beneficial owner of any securities covered by this Schedule 13G for any other purposes than Section 13(d) of the Securities Exchange Act of 1934.
Item 5. Ownership of Five Percent or Less of a ClassIf this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following [ ].Item 6. Ownership of More than Five Percent on Behalf of Another Person The Funds described in Note 1 above have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of the securities held in their respective accounts. To the knowledge of Dimensional, the interest of any one such Fund does not exceed 5% of the class of securities. Dimensional Fund Advisors LP disclaims beneficial ownership of all such securities.Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company or Control Person. N/AItem 8. Identification and Classification of Members of the Group N/AItem 9. Notice of Dissolution of Group N/AItem 10. Certification
By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under Sec. 240.14a-11.
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
DIMENSIONAL FUND ADVISORS LPFebruary 12, 2020Date
By: Dimensional Holdings Inc., General Partner
/s/ Christopher Crossan
SignatureGlobal Chief Compliance OfficerTitle
Dimensional Fund Advisors Lp has filed an amended 13G/A, reporting 8.12% ownership in
The Meet Group Participates in Safer Internet Day, Hosts Public Dating Safety Webinar
Source: Business Wire
The Meet Group Joins UN Global Partnership to End Violence Against Children
The Meet Group, Inc. (NASDAQ: MEET), a leading provider of interactive livestreaming solutions, will team with safety experts and dating industry executives to recognize February 11th as “Safer Internet Day”. The Company will host a webinar focused on safety best practices and the future of safe dating, featuring Geoff Cook, Chief Executive Officer of The Meet Group.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20200210005221/en/
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The Meet Group Participates in Safer Internet Day, Hosts Public Dating Safety Webinar (Photo: Business Wire)
Safer Internet Day, observed annually on the first Tuesday of February, was created in 2004 to raise awareness of emerging online issues – including cyberbullying, human trafficking, identity theft, and more.
The Meet Group remains committed to leading the industry in mobile and online safety, best practices, continuous improvement, and best-in-class safety updates for its family of apps. To underscore the Company’s commitment to safety, The Meet Group has over 500 paid individuals, more than half of it’s staff, dedicated to creating a safe environment for its millions of users.
Furthering its commitment to safety, The Meet Group recently became a member of The Global Partnership to End Violence Against Children as part of its ongoing dedication to safety. The Global Partnership is a collaboration between United Nations agencies, numerous governments, industries, advocates, and champions, all focused on making the world safe for children. By committing to end all forms of violence against children, and uniting the world behind a global movement to protect children, The Global Partnership hopes to secure a world in which every child grows up safe.
“The Meet Group has integrated safety into the design of their operations, making their platforms and applications safer for children,” said Dr. Howard Taylor, Executive Director of The UN Global Partnership to End Violence Against Children. “Because of that, we are thrilled to have The Meet Group join our network of 400 partners across the world.”
Safety Webinar Details:
Date: Safer Internet Day, February 11, 2020
Time: 2:30 p.m. EST
Topic: Collaborating Our Way to Safer Dating
Moderator: Mark Brooks, Founder, Internet Dating Excellence Association
Panelists:
Geoff Cook, Co-Founder and Chief Executive Officer of The Meet Group
Parry Aftab, Advisor to Nations, NGOs. Founder Cybersafety Group
Jens Kammerer, Founder and Chief Executive Officer of Jaumo
Christof Wittig, Founder and Chief Executive Officer of Hornet Networks
Details: 30 Minute Discussion Plus a Q&A Session with the Panel
Webinar Registration Link: http://bit.ly/SaferInternetDayWebinar
About The Meet Group
The Meet Group (NASDAQ: MEET) is a leading provider of interactive livestreaming solutions designed to meet the universal need for human connection. Our ecosystem of livestreaming apps enables users around the world to interact through one-to-many livestreaming broadcasts and text-based conversations. Our top apps, MeetMe®, LOVOO®, Skout®, Tagged® and Growlr®, deliver live interactions and meaningful connections to millions of users daily. Headquartered in New Hope, PA, we have offices in Philadelphia, San Francisco, Dresden, and Berlin. The Meet Group is committed to safety. You can find a description of current safety practices here: https://www.themeetgroup.com/safety-practices/. For more information, visit themeetgroup.com, and follow us on Facebook, Twitter or LinkedIn.
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View source version on businesswire.com: https://www.businesswire.com/news/home/20200210005221/en/
Investors:
Leslie Arena / larena@themeetgroup.com
(267) 714-6418
Media:
Brandyn Bissinger / bbissinger@themeetgroup.com
(267) 446-7010
* * $MEET Video Chart 02-06-2020 * *
Link to Video - click here to watch the technical chart video
The Meet Group Joins WePROTECT Global Alliance to Improve User Safety Worldwide
Source: Business Wire
The Meet Group, Inc. (NASDAQ: MEET), a leading provider of interactive livestreaming solutions, today announced its membership in the WePROTECT Global Alliance to End Child Sexual Exploitation Online.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20200123005145/en/
"The Meet Group's innovative contributions with the recently announced Project Artemis with Microsoft demonstrate its firm commitment to enhancing online safety,” said Ernie Allen, Chairman of WePROTECT. “We are excited to welcome The Meet Group as the newest member of the WePROTECT Global Alliance."
The WePROTECT Global Alliance is an international organization with a mission to end child sexual exploitation online. Membership in the WePROTECT Global Alliance affords the opportunity for private industry and NGOs to foster further collaboration between government and law enforcement agencies.
“The Meet Group remains committed to providing an environment where our users can connect and interact safely, and we are pleased to join another international organization that shares our vision,” said Geoff Cook, Chief Executive Officer of The Meet Group. “We are looking forward to working hand-in-hand with our peers, creating innovative solutions to ensure a safer online community for all.”
The Meet Group joins 22 other tech companies including Apple, Google, Microsoft, Facebook, Twitter, and Tencent as a member in the WePROTECT Global Alliance.
About The Meet Group
The Meet Group (NASDAQ: MEET) is a leading provider of interactive livestreaming solutions designed to meet the universal need for human connection. Our ecosystem of livestreaming apps enables users around the world to interact through one-to-many livestreaming broadcasts and text-based conversations. Our top apps, MeetMe®, LOVOO®, Skout®, Tagged® and Growlr®, deliver live interactions and meaningful connections to millions of users daily. Headquartered in New Hope, PA, we have offices in Philadelphia, San Francisco, Dresden, and Berlin. The Meet Group is committed to safety. You can find a description of current safety practices here: https://www.themeetgroup.com/safety-practices/. 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 we will work with our peers to create innovative solutions that ensure a safer online community as anticipated. 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,” “outlook,” “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, 2018 filed with the SEC on March 8, 2019 and our Quarterly Reports on Form 10-Q for the quarters ended March 31, 2019, June 30, 2019, and September 30, 2019 filed with the SEC on May 9, 2019, July 31, 2019, and November 8, 2019, 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.
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View source version on businesswire.com: https://www.businesswire.com/news/home/20200123005145/en/
Investor Contact:
Leslie Arena
larena@themeetgroup.com
267 714 6418
Media Contact:
Brandyn Bissinger
bbissinger@themeetgroup.com
267 446 7010
The Meet Group Collaborates with Microsoft on Technology to Detect Child Sex Predators
Source: Business Wire
The Meet Group, Inc. (NASDAQ: MEET), a leading provider of interactive livestreaming solutions, today welcomed Microsoft’s announcement that it was sharing a new tool, created in collaboration with The Meet Group and others, to help better detect on-line behaviors aimed at child exploitation. The new algorithm-based technology helps to better detect, address and report online predators attempting to lure children for sexual purposes. More information on Microsoft’s announcement can be found here.
“Keeping children safe is a responsibility that we take incredibly seriously,” said Geoff Cook, Chief Executive Officer of The Meet Group. “While we prohibit minors from using our apps, the broader threat of child sex predators exists across the social landscape. We are pleased to have been invited to partner with one of the world’s most respected companies on this important issue. We believe this detection technology will prove beneficial in identifying and reducing child predatory behavior. Further, we commend Microsoft on its openness in broadly sharing this capability across the industry and we have already begun incorporating its safety algorithm into our platform.”
Courtney Gregoire, Chief Digital Safety Officer of Microsoft said, “At Microsoft, we embrace a multi-stakeholder model to combatting online child exploitation that includes survivors and their advocates, government, tech companies, and civil society working together. Today, we are excited to share a new technique – code name Project Artemis – developed in close collaboration with The Meet Group and others, that will help prevent the online grooming of children for sexual purposes. We invite other collaborators to embrace this technique, join the fight, and support continuous improvement.”
About The Meet Group
The Meet Group (NASDAQ: MEET) is a leading provider of interactive livestreaming solutions designed to meet the universal need for human connection. Our ecosystem of livestreaming apps enables users around the world to interact through one-to-many livestreaming broadcasts and text-based conversations. Our top apps, MeetMe®, LOVOO®, Skout®, Tagged® and Growlr®, deliver live interactions and meaningful connections to millions of users daily. Headquartered in New Hope, PA, we have offices in Philadelphia, San Francisco, Dresden, and Berlin. The Meet Group is committed to safety. You can find a description of current safety practices here: https://www.themeetgroup.com/safety-practices/. For more information, visit themeetgroup.com, and follow us on Facebook, Twitter or LinkedIn.
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View source version on businesswire.com: https://www.businesswire.com/news/home/20200110005268/en/
Investor:
Leslie Arena
larena@themeetgroup.com
267 714 6418
Media:
Brandyn Bissinger
bbissinger@themeetgroup.com
267 446 7010
The Meet Group Adds Industry Executive to Lead Video Platform as a Service (vPaaS) Business
Source: Business Wire
The Meet Group, Inc. (NASDAQ: MEET), a leading provider of interactive livestreaming solutions, today announced that Blake Barrett Kuhre has joined the Company as Senior Vice President of Corporate Development. In this new role, Kuhre will lead development for the Company’s vPaaS solutions business and general corporate development efforts, with responsibility for identifying and executing new partner opportunities to drive revenue and earnings growth. Additionally, he will contribute to expanding the Company’s video talent recruitment processes and will pursue industry opportunities to further strengthen the Company’s leadership position in social and dating safety.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20200106005142/en/
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The Meet Group, Inc. announced that Blake Barrett Kuhre has joined the Company as Senior Vice President of Corporate Development. (Photo: Business Wire)
“vPaaS is one of our most compelling growth initiatives and we believe that we are at the forefront of bringing live video to new partners across the mobile landscape,” said Geoff Cook, Chief Executive Officer of The Meet Group. “We are pleased to welcome Blake to our team. We expect his expertise in driving new revenue in live video will contribute to our objective of expanding our vPaaS business and realizing the next level of growth for The Meet Group."
Kuhre joins The Meet Group having served as Head of Global Partnerships at LiveMe, a leading livestreaming platform, where his responsibilities included global strategic partnerships, corporate development and trust and safety management. Prior to working at LiveMe, Kuhre held various leadership roles including in Viewer Experience and Product Launch at Hulu and a decade of experience with On-Air Programming at The Walt Disney Company.
About The Meet Group
The Meet Group (NASDAQ: MEET) is a leading provider of interactive livestreaming solutions designed to meet the universal need for human connection. Our ecosystem of livestreaming apps enables users around the world to interact through one-to-many livestreaming broadcasts and text-based conversations. Our top apps, MeetMe®, LOVOO®, Skout®, Tagged® and Growlr®, deliver live interactions and meaningful connections to millions of users daily. Headquartered in New Hope, PA, we have offices in Philadelphia, San Francisco, Dresden, and Berlin. The Meet Group is committed to safety. You can find a description of current safety practices here: https://www.themeetgroup.com/safety-practices/. 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 we will identify and execute new partner opportunities that drive revenue and earnings growth, whether we will expand our video talent recruitment process, whether we will pursue industry opportunities to further strengthen our leadership position in social and dating safety as expected, whether we will bring live video to new partners across the mobile landscape as expected, whether we will expand our vPaaS business and realize the next level of growth for The Meet Group as expected. 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,” “outlook,” “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, 2018 filed with the SEC on March 8, 2019 and our Quarterly Reports on Form 10-Q for the quarters ended March 31, 2019, June 30, 2019, and September 30, 2019 filed with the SEC on May 9, 2019, July 31, 2019, and November 8, 2019, 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/20200106005142/en/
Investor Contact:
Leslie Arena
larena@themeetgroup.com
267 714 6418
Media Contact:
Brandyn Bissinger
bbissinger@themeetgroup.com
267 446 7010
News: $MEET Why Meet Group Stock Jumped 18% Today, Then Collapsed
Chat and dating app-maker Meet Group (NASDAQ: MEET) surged more than 18% in noonday trading Monday before retreating to close the day still up 5.3%. Reuters reported late this morning that NuCom, a subsidiary of German broadcaster ProSiebenSat.1 Media SE, is looking into buying Meet Group. ...
In case you are interested MEET - Why Meet Group Stock Jumped 18% Today, Then Collapsed
I'm sorry you got hacked. Usually pumpers have most recent profiles.
You have no other stocks in you profile. Why.
You just signed up here 11/06/2019 10:31:08 PM. Who put you here?
The Meet Group Partners with East Trenton Center Food Bank to Help Others this Thanksgiving
Source: Business Wire
The Meet Group, Inc. (NASDAQ: MEET), a leading provider of interactive livestreaming solutions, is teaming up with the East Trenton Center Food Bank this holiday season by offering a special edition virtual gift on MeetMe, Skout and Tagged mobile apps.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20191122005098/en/
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The Meet Group Partners with East Trenton Center Food Bank to Help Others this Thanksgiving (Graphic: Business Wire)
The East Trenton Center serves more than a hundred families every week by providing bags of food to help people in need. This Thanksgiving, users of MeetMe, Skout and Tagged can purchase a custom food donation gift to help make the season a little brighter for those who need it the most.
“Food insecurity is a real issue for many families today. End Hunger NJ notes that 13% of New Jersey residents, or more than 1.1 million, face this epidemic,” said The Meet Group’s Senior Accounting Manager and Food Drive Coordinator, Leighanne Sadley. “Our entire staff at TMG has donated for years to help consistently fill the food pantry at the East Trenton Center and we’re excited to have our users participate from all around the world this year through our apps. America has a hunger problem and we all need to do our part to help.”
The Meet Group plans to make a donation for every East Trenton Center Food Bank gift sent in the apps up to an aggregate of $10,000 to the East Trenton Center Food Bank. The limited edition gift will be available from November 22nd through November 29th.
“The Meet Group’s donations over the last two years have been received with tears and celebration,” said Liz Leonard, East Trenton Center’s Director. “The company provided 13,500 items in 2018, which helped feed hundreds of people. My heart breaks for these families who have great need and when The Meet Group is so generous, I do not have to turn anyone away who is hungry.”
“The reality is that people are not just hungry at Thanksgiving or other holidays. They are hungry throughout the year,” said Dennis ONeill, Pastor of Calvary Baptist Church in Hopewell, New Jersey. “The additional funds from these donations will help the ETC serve their clients all year long. That means hundreds of kids in the East Trenton area won’t have to go to bed hungry every night and seniors won’t have to decide between buying food or needed medications. It doesn’t take much to have a significant impact on the lives of others who are in need. Some of the most transformative moments of my life have been seeing the grateful tears of parents who will be able to feed their kids because of the compassion of others.”
About The Meet Group
The Meet Group (NASDAQ: MEET) is a leading provider of interactive livestreaming solutions designed to meet the universal need for human connection. Our ecosystem of livestreaming apps enables users around the world to interact through one-to-many livestreaming broadcasts and text-based conversations. Our top apps, MeetMe®, LOVOO®, Skout®, Tagged® and Growlr®, deliver live interactions and meaningful connections to millions of users daily. Headquartered in New Hope, PA, we have offices in Philadelphia, San Francisco, Dresden, and Berlin. The Meet Group is committed to safety. You can find a description of current safety practices here: https://www.themeetgroup.com/safety-practices/. For more information, visit themeetgroup.com, and follow us on Facebook, Twitter or LinkedIn.
?
View source version on businesswire.com: https://www.businesswire.com/news/home/20191122005098/en/
Investor Contact:
Leslie Arena / larena@themeetgroup.com
(267) 714-6418
Media Contact:
Brandyn Bissinger / bbissinger@themeetgroup.com
(267) 446-7010
The Meet Group Releases “Viewer Levels” on MeetMe and Skout
Source: Business Wire
Recently Launched NextDate Dating Game Now Available to All US Users
The Meet Group, Inc. (NASDAQ:MEET), a leading provider of interactive livestreaming solutions, today announced that it has released a new “Viewer Levels” feature for viewers of its popular livestreaming product. Viewer Levels is now available to users of its MeetMe and Skout mobile apps.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20191119005226/en/
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(Graphic: Business Wire)
With the new product, livestreaming viewers will earn experience points, or XP, by spending time engaging with broadcasters and purchasing virtual gifts for them. On reaching certain XP thresholds, viewers will level-up through the ranks, from Rookie to Legend, while unlocking exclusive gifts like dinosaurs, dancing pineapples, castles, and more.
“After successfully launching a level-based progression system for broadcasters in July, we are now thrilled to offer a similarly gamified program for viewers to motivate them to engage even more,” said Geoff Cook, Chief Executive Officer of The Meet Group. “We believe we can further leverage these level systems to shape user behavior in the future by attaching XP bonuses or minimum level requirements to new features, contests, and promotions.”
Viewer Levels appear publicly on avatars and profiles in Live for viewers who reach Level 20. The company expects to bring the feature to its other apps by the end of the first quarter.
“Today, we are also pleased to announce that NextDate, our first-of-its-kind livestreaming dating game, is now available to all US users of our MeetMe and Skout apps,” continued Cook. “Now everyone can be the star of their very own dating game. We are pleased as well to see early performance in-line with expectations. In fact, just this weekend vDAU surpassed 900,000 for the first time since June. We look forward to growing this number further as NextDate rolls out to users in non-English markets on MeetMe and Skout later this year and to users of our apps Tagged and LOVOO in January.”
About The Meet Group
The Meet Group (NASDAQ: MEET) is a leading provider of interactive livestreaming solutions designed to meet the universal need for human connection. Our ecosystem of livestreaming apps enables users around the world to interact through one-to-many livestreaming broadcasts and text-based conversations. Our top apps, MeetMe®, LOVOO®, Skout®, Tagged® and Growlr®, deliver live interactions and meaningful connections to millions of users daily. Headquartered in New Hope, PA, we have offices in Philadelphia, San Francisco, Dresden, and Berlin. The Meet Group is committed to safety. You can find a description of current safety practices here: https://www.themeetgroup.com/safety-practices/. 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 Levels will motivate users to engage even more, whether we can further leverage these level systems to shape user behavior in the future by attaching XP bonuses or minimum level requirements to new features, contests, and promotions, whether we will bring the feature to our other apps by the end of the first quarter, whether early performance NextDate is indicative of future performance, whether we will grow our VDAU number further as NextDate rolls out to users in non-English markets on MeetMe and Skout, and whether we will roll-our NextDate to users in non-English markets on MeetMe and Skout, as well as our Tagged and LOVOO apps, as expected. The words “believe,” “may,” “estimate,” “continue,” “anticipate,” “intend,” “should,” “plan,” “could,” “target,” “potential,” “project,” “outlook,” “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, 2018 filed with the SEC on March 8, 2019 and our Quarterly Reports on Form 10-Q for the quarters ended March 31, 2019, June 30, 2019, and September 30, 2019 filed with the SEC on May 9, 2019, July 31, 2019, and November 8, 2019, 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.
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View source version on businesswire.com: https://www.businesswire.com/news/home/20191119005226/en/
Investor Contact:
Leslie Arena / larena@themeetgroup.com
(267) 714-6418
Media Contact:
Brandyn Bissinger / bbissinger@themeetgroup.com
(267) 446-7010
The Meet Group Ranked One of the Fastest Growing Companies in North America by Deloitte
Source: Business Wire
The Meet Group, Inc. (NASDAQ: MEET), a leading provider of interactive livestreaming solutions, announced it secured a place on Deloitte’s Technology Fast 500™, a ranking of the 500 fastest growing technology, media, telecommunications, life sciences and energy tech companies in North America.
The Meet Group’s Chief Executive Officer, Geoff Cook, credits strategic acquisitions and live video with the company’s 214% revenue growth in the four-year period from 2015 to 2018.
“We are honored to be named to the Deloitte’s Technology Fast 500™ list for the seventh time,” said Geoff Cook, Chief Executive Officer of The Meet Group. “Our goal is to build the best place to meet new people through video. Since 2015, we have expanded our global footprint by acquiring four mobile apps, Skout, Tagged, LOVOO and GROWLr. We are focused on accelerating growth across our portfolio of brands through innovating our livestreaming video product and sharing best practices in monetization and engagement across our mobile apps.”
“This year marks the 25th anniversary of Deloitte’s Technology Fast 500, so we are especially pleased to announce and congratulate the 2019 winners,” said Sandra Shirai, vice chairman, Deloitte LLP, and U.S. technology, media and telecommunications leader.
“As technology innovation trends towards ‘everything as a service,’ it’s no surprise that software companies dominate the winners list yet again this year,” said Mohana Dissanayake, partner, Deloitte & Touche LLP, and industry leader for technology, media and telecommunications, within Deloitte’s audit and assurance practice. "We congratulate all the well-deserving winners.”
About The Meet Group
The Meet Group (NASDAQ: MEET) is a leading provider of interactive livestreaming solutions designed to meet the universal need for human connection. Our ecosystem of livestreaming apps enables users around the world to interact through one-to-many livestreaming broadcasts and text-based conversations. Our top apps, MeetMe®, LOVOO®, Skout®, Tagged® and Growlr®, deliver live interactions and meaningful connections to millions of users daily. Headquartered in New Hope, PA, we have offices in Philadelphia, San Francisco, Dresden, and Berlin. The Meet Group is committed to safety. You can find a description of current safety practices here: https://www.themeetgroup.com/safety-practices/. For more information, visit themeetgroup.com, and follow us on Facebook, Twitter or LinkedIn.
About Deloitte
Deloitte refers to one or more of Deloitte Touche Tohmatsu Limited, a UK private company limited by guarantee (“DTTL”), its network of member firms, and their related entities. DTTL and each of its member firms are legally separate and independent entities. DTTL (also referred to as “Deloitte Global”) does not provide services to clients. In the United States, Deloitte refers to one or more of the US member firms of DTTL, their related entities that operate using the “Deloitte” name in the United States and their respective affiliates. Certain services may not be available to attest clients under the rules and regulations of public accounting. Please see www.deloitte.com/about to learn more about our global network of member firms.
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 build the best place to meet new people through video; whether we will be successful in accelerating growth across our portfolio of brands through innovating our livestreaming video product and sharing best practices in monetization and engagement across our mobile apps. 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,” “outlook,” “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, 2018 filed with the SEC on March 8, 2019 and our Quarterly Reports on Form 10-Q for the quarters ended March 31, 2019, June 30, 2019, and September 30, 2019 filed with the SEC on May 9, 2019, July 31, 2019, and November 8, 2019, 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/20191112005253/en/
Investor Contact:
Leslie Arena
larena@themeetgroup.com
267 714 6418
Media Contact:
Brandyn Bissinger
bbissinger@themeetgroup.com
267 446 7010
The Meet Group Reports Third Quarter 2019 Financial Results
Source: Business Wire
The Meet Group, Inc. (NASDAQ: MEET), a leading provider of interactive livestreaming solutions, today reported financial results for its third quarter ended September 30, 2019.
Third Quarter 2019 Financial Highlights
Total revenue of $52.6 million, up 15% from the prior year quarter.
GAAP net income of $3.0 million, or $0.04 per diluted share, compared to a GAAP net income of $1.3 million or $0.02 per diluted share in the prior year quarter.
Adjusted EBITDA of $11.0 million, compared to Adjusted EBITDA of $8.7 million in the prior year quarter.
Non-GAAP net income of $10.1 million, or $0.13 per diluted share, compared to $7.6 million, or $0.10 per diluted share, in the prior year quarter.
(See the important discussion about the presentation of non-GAAP financial measures, and reconciliation to the most direct comparable GAAP financial measures, below.)
“We had a strong third quarter and we are off to a good start in the fourth quarter,” said Geoff Cook, Chief Executive Officer of The Meet Group. “Our product strategy and execution contributed to growing revenue and adjusted EBITDA, resulting in record-high free cash flow in the third quarter that we used to repurchase our stock. With the launch of Streamer Levels and one-on-one video chat, we are giving users even more reasons to engage in video. Just last week we further expanded our product portfolio with the launch of NextDate, our new livestreaming dating game. While early, in markets where NextDate is available, we’re seeing an approximately 20% increase in daily video users versus September, the month prior to launch.
“Video revenue for the third quarter grew approximately 85% from the prior year quarter to $20.3 million,” continued Cook. “Global average revenue per daily active video user was $0.27 cents in the quarter, and across our apps we had an average of 829,000 daily video users (20% of our total mobile daily active users where video is available). We expect to grow video revenue in the fourth quarter by 10-16% sequentially as new products and features contribute to increasing user engagement. Video revenue in October exceeded video revenue in every month of the third quarter. Furthermore the Company expects November and December video revenue to continue to increase from October.
“Advertising results for the quarter were also solid. Mobile ad revenue, which comprises approximately 90% of our total advertising revenue, grew year-over-year for the first time since the first quarter of 2017. We believe this progress sets the stage for continued positive momentum in the fourth quarter of 2019 and throughout 2020.
"In the third quarter we repurchased 3.4 million shares of our stock for $12 million, directing 100% of our free cash flow in the quarter toward repurchases. Since authorizing our share repurchase plan in June 2019, the Company has repurchased $17.7 million (4.8 million shares) through November 5, 2019. We expect to continue to repurchase shares pursuant to our share repurchase program.
“Looking to the fourth quarter and longer term, we believe we have compelling products that position us well for future growth. We remain confident that our product pipeline and capital allocation strategy will continue to deliver value to our shareholders.”
Third Quarter Financial Results
For the third quarter of 2019, the Company reported revenue of $52.6 million, an increase of $6.9 million, or 15%, from $45.7 million in the third quarter of 2018. GAAP net income for the third quarter of 2019 was $3.0 million, or $0.04 per diluted share, compared to GAAP net income of $1.3 million or $0.02 per diluted share in the third quarter of 2018. Adjusted EBITDA for the third quarter of 2019 was $11.0 million, compared to $8.7 million in the third quarter of 2018. Non-GAAP net income for the third quarter of 2019 was $10.1 million, or $0.13 per diluted share, compared to $7.6 million, or $0.10 per diluted share, in the third quarter of 2018.
The Company ended the quarter with $27.5 million in cash and cash equivalents.
Company Outlook
The Company is providing the following outlook for the fourth quarter and full year 2019.
Fourth quarter 2019:
Revenue in the range of $56.9 million to $58.4 million.
Adjusted EBITDA in the range of $12.6 million to $13.1 million.
Full year 2019:
Revenue in the range of $211.0 million to $212.5 million
Adjusted EBITDA in the range of $41.5 million to $42.0 million.
THE MEET GROUP, INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATED BALANCE SHEETS
(Unaudited)
September 30,
2019
December 31,
2018
Assets:
Current Assets:
Cash and cash equivalents
$
27,488,790
$
28,365,725
Accounts receivable, net of allowance of $600,070 and $383,579 as of September 30, 2019 and December 31, 2018, respectively
23,922,049
27,148,484
Prepaid expenses and other current assets
5,177,333
4,911,057
Total current assets
56,588,172
60,425,266
Goodwill
155,307,593
148,132,873
Property and equipment, net
3,832,875
4,633,764
Operating lease right-of-use assets
4,995,799
—
Intangible assets, net
31,444,141
36,558,439
Deferred taxes
15,380,576
15,648,572
Other assets
1,541,514
2,453,255
Total assets
$
269,090,670
$
267,852,169
Liabilities and Stockholders' Equity:
Current Liabilities:
Accounts payable
$
4,672,207
$
9,071,193
Accrued liabilities
20,070,961
19,112,303
Current portion of long-term debt, net
3,500,000
18,566,584
Current portion of finance lease obligations
12,913
134,067
Current portion of operating lease liabilities
2,138,029
—
Deferred revenue
4,071,239
4,620,690
Total current liabilities
34,465,349
51,504,837
Long-term finance lease obligations
8,323
58,683
Long-term debt, net
31,251,928
18,087,956
Long-term operating lease liabilities
2,900,105
—
Long-term derivative liability
636,612
940,216
Other liabilities
871,084
39,651
Total liabilities
70,133,401
70,631,343
Commitments and contingencies
Stockholders' Equity:
Preferred stock, $0.001 par value; authorized - 5,000,000 shares; no shares issued and outstanding as of September 30, 2019 and December 31, 2018
—
—
Common stock, $0.001 par value; authorized - 100,000,000 shares; 72,834,032 and 74,697,526 shares issued and outstanding as of September 30, 2019 and December 31, 2018, respectively
72,834
74,700
Additional paid-in capital
428,106,985
419,455,818
Accumulated deficit
(226,077,248
)
(220,276,025
)
Accumulated other comprehensive loss
(3,145,302
)
(2,033,667
)
Total stockholders’ equity
198,957,269
197,220,826
Total liabilities and stockholders’ equity
$
269,090,670
$
267,852,169
THE MEET GROUP, INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
(UNAUDITED)
Three Months Ended
September 30,
Nine Months Ended
September 30,
2019
2018
2019
2018
Revenues
$
52,621,250
$
45,716,053
$
154,134,591
$
126,155,591
Operating costs and expenses:
Sales and marketing
8,748,021
8,753,156
25,648,417
23,554,635
Product development and content
30,573,574
26,134,682
91,846,746
72,647,507
General and administrative
5,320,424
4,938,844
16,140,643
15,562,125
Depreciation and amortization
3,451,197
3,423,929
10,079,319
10,558,712
Acquisition and restructuring
244,432
416,141
748,881
4,802,694
Total operating costs and expenses
48,337,648
43,666,752
144,464,006
127,125,673
Income (loss) from operations
4,283,602
2,049,301
9,670,585
(970,082
)
Other income (expense):
Interest income
28,752
3,823
88,746
13,773
Interest expense
(300,319
)
(559,345
)
(1,031,379
)
(1,838,325
)
(Loss) gain on foreign currency transactions
(27,051
)
(6,229
)
(94,640
)
101,030
Gain on disposal of assets
40,376
—
40,376
—
Other items of income, net
2,030
6,527
4,792
28,154
Total other expense
(256,212
)
(555,224
)
(992,105
)
(1,695,368
)
Income (loss) before income tax expense
4,027,390
1,494,077
8,678,480
(2,665,450
)
Income tax expense
(1,036,410
)
(196,146
)
(2,226,075
)
(484,552
)
Net income (loss)
$
2,990,980
$
1,297,931
$
6,452,405
$
(3,150,002
)
Basic and diluted net income (loss) per share:
Basic net income (loss) per share
$
0.04
$
0.02
$
0.09
$
(0.04
)
Diluted net income (loss) per share
$
0.04
$
0.02
$
0.08
$
(0.04
)
Weighted-average shares outstanding:
Basic
74,674,981
73,362,467
75,056,593
72,704,205
Diluted
76,205,022
79,365,576
77,836,975
72,704,205
THE MEET GROUP, INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
(UNAUDITED)
Nine Months Ended
September 30,
2019
2018
Cash flows from operating activities:
Net income (loss)
$
6,452,405
$
(3,150,002
)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Depreciation and amortization
10,079,319
10,558,712
Amortization of right-of-use assets
1,902,760
—
Stock-based compensation expense
8,321,345
7,026,991
Deferred tax expense (benefit)
211,533
(694,951
)
Gain on disposal of assets
(40,376
)
—
Loss (gain) on foreign currency transactions
94,640
(101,030
)
Bad debt expense
1,661,987
408,998
Non-cash interest expense
214,063
261,373
Changes in derivative financial instruments
—
(18,412
)
Changes in contingent consideration obligations
111,417
—
Changes in operating assets and liabilities:
Accounts receivable
1,878,915
1,302,954
Prepaid expenses, other current assets and other assets
2,355,628
(2,326,004
)
Accounts payable and accrued liabilities
(6,080,069
)
4,414,400
Deferred revenue
(510,352
)
515,743
Net cash provided by operating activities
26,653,215
18,198,772
Cash flows from investing activities:
Purchases of property and equipment
(1,158,070
)
(404,446
)
Acquisition of business, net of cash acquired
(11,807,925
)
—
Net cash used in investing activities
(12,965,995
)
(404,446
)
Cash flows from financing activities:
Proceeds from exercise of stock options
702,717
824,307
Repurchases of common stock
(12,257,073
)
—
Payments of finance leases
(167,378
)
(211,290
)
Proceeds from revolving loan
7,000,000
—
Proceeds from term loan, net
34,954,373
—
Payments for restricted stock awards withheld for taxes
(371,316
)
(306,127
)
Payments of loan origination costs
(125,170
)
—
Payments of revolving loan
(7,000,000
)
—
Payments of contingent consideration
—
(5,000,000
)
Payments of term loan
(36,940,158
)
(15,559,842
)
Net cash used in financing activities
(14,204,005
)
(20,252,952
)
Change in cash and cash equivalents prior to effect of foreign currency exchange rate
(516,785
)
(2,458,626
)
Effect of foreign currency exchange rate
(360,150
)
(271,982
)
Net decrease in cash and cash equivalents
(876,935
)
(2,730,608
)
Cash and cash equivalents at beginning of period
28,365,725
25,052,995
Cash and cash equivalents at end of period
$
27,488,790
$
22,322,387
Supplemental disclosure of cash flow information:
Cash paid for interest
$
865,260
$
1,598,781
THE MEET GROUP, INC.
DISAGGREGATION OF REVENUES
(UNAUDITED)
Three Months Ended September 30,
Nine Months Ended September 30,
2019
2018
2019
2018
$
%
$
%
$
%
$
%
User pay revenue:
Video
$
20,333,310
38.6
%
$
10,968,643
24.0
%
$
61,841,899
The Meet Group Launches NextDate™, a First-of-Its-Kind Livestreaming Dating Game
Source: Business Wire
Now, Everyone Can be the Star of Their Own Dating Game
The Meet Group, Inc. (NASDAQ: MEET), a leading provider of interactive livestreaming solutions, today announced the launch of NextDate™, a new livestreaming dating game, to users of its popular MeetMe and Skout mobile applications.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20191029005389/en/
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Now, Everyone Can be the Star of Their Own Dating Game! (Graphic: Business Wire)
NextDate allows users to star in their own dating game. “NextDate is like speed dating, except that there’s an audience and the contestant gets to choose the specific people they’d like to connect with,” said Geoff Cook, CEO of The Meet Group. “We’ve gamified speed dating to add comments and a rating system called the Love-o-meter, while also enabling viewers to take their chances to date any streamer who is currently playing NextDate.”
In NextDate a streamer has 90 seconds to tap “Next,” which ends the current pairing and skips to the next contestant in the queue, or “Date,” which reciprocates the contestant’s interest and enables the two users to connect by 1:1 video chat in the future. NextDate provides hundreds of prompts to help the streamer get to know the contestant and evaluate their compatibility. The launch also includes a new “Date” tab within the Live section to make it easy to find nearby and trending people playing the game, and to filter by age, gender, and location. The game is monetized today via the same virtual gifting engine that has enabled The Meet Group to grow Live to an $80+ million annualized video business within two years.
The patent-pending dating game provides a livestreaming twist on a common format: the television dating game. Added Cook, “We believe more and more linear programming experiences will have a livestreaming analog, and we don’t believe anyone has yet cracked the code on the livestreaming dating game. We see NextDate as a way to further grow our video audience with a new type of content that resonates with our biggest segment: users interested in dating.
"As we conducted user research prior to building the game, we found that 95% of surveyed users would be willing to meet in real life with someone they first met through a livestreaming dating game. We also found that many of our users are interested in dating a streamer. We believe NextDate will help us expand the reach of our video products to our most dating-oriented users.
"We remain committed to achieving our goal of increasing our video audience by 20% by the first quarter of next year. While early, we are heartened that in the UK, where NextDate has been in beta-test mode, daily video viewers expanded by 20% when comparing the 21-day beta period to the average of the month of September.
"We have activated multiple initiatives designed to drive video usage, and to further that, we expect to launch NextDate on our other apps, Tagged and LOVOO, in the coming months, while also improving the game with a ‘blind date’ function as well as a new method of monetization that enables contestants to pay to skip the line and try to date a popular streamer more quickly.”
NextDate is available today on the MeetMe and Skout apps to English-language users to join as a contestant and to top streamers to join as the star. Within the coming weeks, the feature will be available to everyone to join as either the star or the contestant.
About The Meet Group
The Meet Group (NASDAQ: MEET) is a leading provider of interactive livestreaming solutions designed to meet the universal need for human connection. Our ecosystem of livestreaming apps enables users around the world to interact through one-to-many livestreaming broadcasts and text-based conversations. Our top apps, MeetMe®, LOVOO®, Skout®, Tagged® and Growlr®, deliver live interactions and meaningful connections to millions of users daily. Headquartered in New Hope, PA, we have offices in Philadelphia, San Francisco, Dresden, and Berlin. The Meet Group is committed to safety. You can find a description of current safety practices here: https://www.themeetgroup.com/safety-practices/. 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 a patent will issue for NextDate, whether more and more linear programming experiences will have a livestreaming analog; whether anyone has cracked the code on the livestreaming dating game; whether NextDate enable us to further grow our video audience with a new type of content that resonates with users interested in dating; whether NextDate will help us expand the reach of our video products to our most dating-oriented users; whether we will achieve our goal of increasing our video audience by 20% by Q1 of next year; whether our early tests of NextDate are indicative of future performance in terms of daily video viewers; whether our initiatives will drive video usage; whether we will launch NextDate on Tagged and LOVOO in the coming months, while also improving the game with a ‘blind date’ function as well as a new method of monetization that enables contestants to pay to skip the line and try to date a popular streamer more quickly. 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,” “outlook,” “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, 2018 filed with the SEC on March 8, 2019. 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/20191029005389/en/
Investor Contact:
Leslie Arena
larena@themeetgroup.com
267 714 6418
Media Contact:
Brandyn Bissinger
bbissinger@themeetgroup.com
267 446 7010
* * $MEET Video Chart 10-07-2019 * *
Link to Video - click here to watch the technical chart video
MeetMe,Inc(Meet) Looks like we are moving Higher next week. $5+ by Friday
3 Penny Stocks Making New Highs In October
$MEET $FCEL $MGI
https://www.transparenttraders.me/2019/10/3-penny-stocks-making-new-highs-in.html
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News: $MEET The Meet Group Adopts Tax Benefits Preservation Plan to Preserve Substantial Tax Assets
The Meet Group, Inc. (NASDAQ: MEET), a leading provider of interactive livestreaming solutions, today announced that its Board of Directors has approved the adoption of a tax benefits preservation plan (or “the plan”) in the form of a Section 382 Rights Agreement designed to pro...
Find out more MEET - The Meet Group Adopts Tax Benefits Preservation Plan to Preserve Substantial Tax Assets
* * $MEET Video Chart 10-03-2019 * *
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News: $MEET The Meet Group Announces Selected Preliminary Financial Results for the Third Quarter 2019
The Meet Group, Inc. (NASDAQ: MEET), a leading provider of interactive livestreaming solutions, today pre-released selected preliminary financial information for its third quarter 2019. This announcement was made ahead of the Company’s presentation at the 5 th Annual B. Riley FBR Cons...
Got this from MEET - The Meet Group Announces Selected Preliminary Financial Results for the Third Quarter 2019
The Meet Group Announces Participation at the 5th Annual B. Riley FBR Consumer & Media Conference
Source: Business Wire
The Meet Group, Inc. (NASDAQ: MEET), a leading provider of interactive livestreaming solutions, today announced that its CEO, Geoff Cook, will present at the 5th Annual B. Riley FBR Consumer & Media Conference at 4:00 PM ET on Thursday, October 3, at the Sofitel New York.
The Company will also be hosting one-on-one meetings with institutional investors.
A live and archived audio webcast of the Company's presentation with presentation slides will be available on the Investor Relations section of The Meet Group’s website at http://ir.themeetgroup.com.
About The Meet Group
The Meet Group (NASDAQ: MEET) is a leading provider of interactive livestreaming solutions designed to meet the universal need for human connection. Our ecosystem of livestreaming apps enables users around the world to interact through one-to-many livestreaming broadcasts and text-based conversations. Our top apps, MeetMe®, LOVOO®, Skout®, Tagged® and Growlr®, deliver live interactions and meaningful connections to millions of users daily. Headquartered in New Hope, PA, we have offices in Philadelphia, San Francisco, Dresden, and Berlin. The Meet Group is committed to safety. You can find a description of current safety practices here: https://www.themeetgroup.com/safety-practices/. For more information, visit themeetgroup.com, and follow us on Facebook, Twitter or LinkedIn.
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View source version on businesswire.com: https://www.businesswire.com/news/home/20190930005081/en/
Investor Contact:
Leslie Arena
larena@themeetgroup.com
267-714-6418
Media Contact:
Brandyn Bissinger
bbissinger@themeetgroup.com
267-446-7010
The Meet Group Announces Successful Completion of Debt Refinancing and Reports on Share Repurchase Progress
Source: Business Wire
- New $60 million credit facility improves financial flexibility and cash flow; increases allowable annual share repurchase threshold
- $9 million in shares bought back since July
The Meet Group, Inc. (NASDAQ: MEET), a leading provider of interactive livestreaming solutions, today announced the successful completion of its debt refinancing and reported on its share repurchase progress.
The new $60 million credit facility consists of a $35 million term loan which was fully drawn at closing and a $25 million revolving line of credit for general corporate purposes. The new facility replaces and terminates the Company’s prior facility. The new term loan matures on August 29, 2022 and amortizes at 10% per year, a reduction from 25% per year in the prior facility.
Geoff Cook, CEO of The Meet Group, commented, “The strong execution of our livestreaming video strategy has enabled us to improve our financial position and successfully refinance our debt. In addition to reducing our cost of borrowing, the new debt facility allows for increased annual spending for share repurchases of up to $30 million annually, up from $10 million annually allowed under the prior facility.
“We have been actively buying the Company’s stock over the past several months and are committed to continuing the program,” added Cook. “We believe that current prices provide an attractive basis for repurchase.”
As of August 30, 2019, the Company had repurchased 2.54 million shares of its common stock for approximately $9 million under the current $30 million plan authorized through 2021.
The new credit facility was provided through a banking syndicate arranged by BofA Securities, Inc. and JPMorgan Chase Bank, N.A.
About The Meet Group
The Meet Group (NASDAQ: MEET) is a leading provider of interactive livestreaming solutions designed to meet the universal need for human connection. Our ecosystem of livestreaming apps enables users around the world to interact through one-to-many livestreaming broadcasts and text-based conversations. Our top apps, MeetMe®, LOVOO®, Skout®, Tagged® and Growlr®, deliver live interactions and meaningful connections to millions of users daily. Headquartered in New Hope, PA, we have offices in Philadelphia, San Francisco, Dresden, and Berlin. The Meet Group is committed to safety. You can find a description of current safety practices here: https://www.themeetgroup.com/safety-practices/. For more information, visit themeetgroup.com, and follow us on Facebook, Twitter or LinkedIn.
Forward-Looking Statements
Certain statements in this press release made by The Meet Group, Inc. are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including whether the $25 million revolving line of credit will be available for future needs; whether we will increase our share buybacks to $30 million annual limit; and whether we will continue to repurchase shares at current prices as expected. 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,” “outlook,” “is likely,” “expect” and similar expressions, as they relate to us, are intended to identify forward-looking statements. 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, 2018 filed with the SEC on March 8, 2019. 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.
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View source version on businesswire.com: https://www.businesswire.com/news/home/20190904005309/en/
Investor Contact:
Leslie Arena
larena@themeetgroup.com
267-714-6418
Media Contact:
Brandyn Bissinger
bbissinger@themeetgroup.com
267-446-7010
Current Report Filing (8-k)
Source: Edgar (US Regulatory)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 OR 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): August 13, 2019 (August 12, 2019)
The Meet Group, Inc.
(Exact name of registrant as specified in its charter)
Delaware
001-33105
86-0879433(State or other Jurisdiction of Incorporation)
(Commission File Number)
(IRS Employer Identification No.)
100 Union Square Drive
New Hope, Pennsylvania
18938
(Address of principal executive offices)
(Zip Code)
Registrant’s telephone number, including area code: (215) 862-1162
Not Applicable(Former name or former address if changed since last report.)
Securities registered pursuant to Section 12(b) of the Exchange Act:
Title of each class
Trading Symbol(s)
Name of each exchange on which registeredCommon Stock
MEET
NASDAQ
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
? Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
? Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
? Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
? Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 or Rule 12b-2 of the Securities Exchange Act of 1934.
Emerging growth company ?
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ?
Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On August 12, 2019, The Meet Group, Inc. (the "Company") split responsibilities of its Chief Accounting Officer position between two newly created positions: Senior Vice President, Strategic Planning and Treasury and Senior Vice President, Finance and Accounting. Michael Johnson, the Company’s Chief Accounting Officer and principal accounting officer, transitioned into the Senior Vice President, Strategic Planning and Treasury role. As part of this transition, Mr. Johnson will no longer serve as the Company’s principal accounting officer, which role will be assumed by the Company's Chief Financial Officer, James Bugden. Mr. Johnson’s base salary will continue at the same rate, but his potential performance-based bonus has been reduced. The Senior Vice President, Finance and Accounting position will be filled by Jaime Woodside.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
THE MEET GROUP, INC.
Date:August 13, 2019
By: /s/ Geoff Cook
Name: Geoff Cook
Title: Chief Executive Officer
News: $MEET The Meet Group to Present at Upcoming Investor Conferences
The Meet Group, Inc. (NASDAQ: MEET), a leading provider of interactive livestreaming solutions, today announced that its Chief Executive Officer, Geoff Cook, is scheduled to present at the following investor conferences: Oppenheimer 22nd Annual Technology, Internet & Communications C...
Got this from The Meet Group to Present at Upcoming Investor Conferences
The Meet Group Teams With Digital Identity Company Yoti to Help Create Safer Communities Online
Source: Business Wire
The Meet Group, Inc. (NASDAQ: MEET), a leading provider of interactive live streaming solutions, and Yoti, a digital identity company, today announced that The Meet Group plans to trial Yoti’s innovative age verification and age estimation technologies designed to create safer communities online.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20190724005110/en/
The Meet Group, with more than 15 million monthly active users, helps people to find connection and community through its social networking and dating apps. As a company committed to the protection of its users, The Meet Group devotes approximately half of its workforce to safety and moderation, and continuously reviews its safety procedures with the goal of meeting the highest standards of online safety and security.
The relationship allows Yoti to enhance The Meet Group’s strong existing safety measures, letting users verify their age with Yoti’s age estimation technology Yoti Age Scan, or the free Yoti app where a date of birth is verified to a government issued photo ID. Yoti’s technology can help moderators at The Meet Group ensure that minors do not create accounts.
Geoff Cook CEO at The Meet Group commented,“A key part of helping people to create meaningful connections is to keep them safe online. We have already committed ourselves to one-tap report abuse capability, clear and frequent safety education, and proactive and transparent moderation, and now with Yoti’s age verification and estimation technologies, we look forward to being one of the few app operators in social or dating who can respond to reports of underage users quickly and accurately. By using Yoti’s age estimation technology and digital identity app, we believe we can enhance the safety of our platforms and give users a simple, private and secure way to verify their age.”
Adam Grayson, US Regional Director at Yoti explained, “I’m delighted to announce our relationship with The Meet Group, which demonstrates its ongoing commitment and leadership to proactive safety measures and the protection of its members. Yoti Age Scan can estimate someone's age with a high degree of accuracy and privacy, and the free Yoti app gives people the chance to verify their age in a simple and secure way - creating more transparency online and helping to ensure that only those of the right age are accessing online platforms and creating accounts. Our work with The Meet Group shows how Yoti’s technology can help make the internet a safer place, which is particularly important when connecting with new people.”
Yoti’s technology is private and secure; letting individuals verify their age without sharing any other personal information. This data minimisation approach protects an individual’s privacy and identity, and provides a blueprint for safer, simpler user experiences. Yoti has been designed in such a way that individuals aren't tracked - only the individual can access their personal data.
The Meet Group expects to trial Yoti’s technology on the MeetMe app this year.
For more information about Yoti go to www.yoti.com or read the Yoti Age Scan white paper.
About The Meet Group
The Meet Group (NASDAQ: MEET) is a leading provider of interactive livestreaming solutions designed to meet the universal need for human connection. Our ecosystem of livestreaming apps enables users around the world to interact through one-to-many livestreaming broadcasts and text-based conversations. Our top apps, MeetMe®, LOVOO®, Skout®, Tagged® and Growlr®, deliver live interactions and meaningful connections to millions of users daily. Headquartered in New Hope, PA, we have offices in Philadelphia, San Francisco, Dresden, and Berlin. The Meet Group is committed to safety. You can find a description of current safety practices here. For more information visit themeetgroup.com, and follow us on Facebook, Twitter or LinkedIn.
About Yoti
Founded in 2014, Yoti is a global technology company on a mission to become the world’s trusted identity platform. Our free digital identity app, with over 4.6 million downloads, is the new, safer way to prove your age online, check out faster with age-restricted items at supermarkets and save time and money proving your identity to businesses. It brings safer connections with the people you meet online as well as enabling secure website login with your biometrics instead of remembering passwords. All personal details are secured with 256-bit encryption and Yoti promotes a data minimisation approach. For more information, visit www.yoti.com.
Forward-Looking Statements
Certain statements in this press release made by The Meet Group, Inc. are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including whether we will trial Yoti’s technologies as expected; whether Yoti’s technologies will make our online communities safer and help our moderators ensure that minors do not create accounts; whether we will be one of the few app operators in social or dating who can respond to reports of underage users quickly and accurately; and whether we will by using Yoti’s age estimation technology and digital identity app we will enhance the safety of our platforms and give users a simple, private and secure way to verify their age. 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,” “outlook,” “is likely,” “expect” and similar expressions, as they relate to us, are intended to identify forward-looking statements. 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, 2018 filed with the SEC on March 8, 2019. 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.
Notes to editors:
Using a form of Artificial Intelligence called neural network learning, Yoti Age Scan is a secure, anonymous age checking service that accurately estimates a person’s age by comparing an individual’s face to many thousands of other age verified faces.
Yoti Age Scan is a private and anonymous solution. There is no need for individuals to register in advance or provide any documents as evidence of their identity. It simply estimates their age. The image is instantly destroyed as soon as the age has been estimated, meaning Yoti Age Scan ‘always forgets a face’.
You can find out more about Yoti Age Scan by downloading the white paper here.
Yoti Age Scan can accurately estimate the age of millions of people in a private and secure way. It is a scalable solution which is quicker, more practical and more accurate than age assessments made by individuals, and can be used when providing age restricted goods and services, both online and in person.
Yoti have signed the Safe Face Pledge signature, which encourages companies using artificial intelligence to ensure that facial recognition technology is not misused.
When MeetMe users verify their age using the Yoti app, they will only be asked to share an 18+ attribute to protect their privacy.
Yoti is also working with social networking app Yubo who are using Yoti’s age estimation technology, Yoti Age Scan, and the Yoti app to help protect their community of users, as part of their safeguarding and safety measures.
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View source version on businesswire.com: https://www.businesswire.com/news/home/20190724005110/en/
Media contact:
Brandyn Bissinger - bbissinger@themeetgroup.com
Rachael Trotman - rachael.trotman@yoti.com
Investor contact:
Leslie Arena - larena@themeetgroup.com
MeetMe Launches One-on-One Video Chat to Further Enhance User Safety
Source: Business Wire
Most-requested feature enables confident connections before meeting
The Meet Group, Inc. (NASDAQ: MEET), a leading provider of interactive livestreaming solutions, today announced the launch of one-on-one video chat on its MeetMe app.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20190717005073/en/
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Most-requested feature enables confident connections before meeting (Graphic: Business Wire)
“If a picture is worth a thousand words, a video is worth a million,” said Catherine Connelly, Vice President of Brand Strategy at The Meet Group. “Long our top requested feature, one-on-one live video provides the opportunity to get to know someone safely without exchanging phone numbers. One-on-one video adds yet another tool in our safe meeting toolkit, something we encourage all our members to do before they consider meeting in a safe place. What’s more, short of meeting in real life, nothing provides a better sense of who a person is and whether or not there is chemistry than a one-on-one video chat.”
By simply tapping the video chat icon on the MeetMe app, members can initiate video chat requests to those with whom they have previously exchanged messages. Members can only receive video chat requests from people they have already communicated with. Recipients have the option to accept or decline any incoming video chat request, and they may also choose to block or report abusive users through our one-tap report abuse feature.
“Having launched industry-leading Report Abuse buttons just last week, we are thrilled to activate yet another feature aimed at helping users stay safe while meeting new people on our platform,” continued Connelly. “With roughly 50% of our daily active users on MeetMe engaging in one-on-one chats without visiting our broadcast video feature, we believe one-on-one video chat has the potential to introduce more users to our interactive video platform to make meaningful connections. We look forward to expanding one-on-one video chat to our Skout and Tagged apps in the coming months.”
About The Meet Group
The Meet Group (NASDAQ: MEET) is a leading provider of interactive livestreaming solutions designed to meet the universal need for human connection. Our ecosystem of livestreaming apps enables users around the world to interact through one-to-many livestreaming broadcasts and text-based conversations. Our top apps, MeetMe®, LOVOO®, Skout®, Tagged® and Growlr®, deliver live interactions and meaningful connections to millions of users daily. Headquartered in New Hope, PA, we have offices in Philadelphia, San Francisco, Dresden, and Berlin. A description of our industry-leading safety practices can be found here. 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 one-on-one will help users stay safe while meeting new people on our platform as anticipated, whether one-on-one will introduce more users to our interactive video platform to make meaningful connections; and whether we will expand one-on-one video chat to our Skout and Tagged apps in the coming months. 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,” “outlook,” “is likely,” “expect” and similar expressions, as they relate to us, are intended to identify forward-looking statements. 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, 2018 filed with the SEC on March 8, 2019. 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.
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View source version on businesswire.com: https://www.businesswire.com/news/home/20190717005073/en/
Investor Contact:
Leslie Arena
larena@themeetgroup.com
267 714 6418
Media Contact:
Brandyn Bissinger
bbissinger@themeetgroup.com
267 446 7010
The Meet Group Announces Date of Earnings Release and Conference Call for Second Quarter 2019 Financial Results
Source: Business Wire
The Meet Group, Inc. (NASDAQ: MEET), a leading provider of interactive livestreaming solutions, today announced that its second quarter 2019 financial results will be issued in a press release on Wednesday, July 31, 2019, before the open of the market. The company will host a conference call at 8:30 a.m. ET to discuss the financial results with the investment community.
What:
The Meet Group Second Quarter 2019 Earnings Conference Call
When:
Wednesday, July 31, 2019, at 8:30 a.m. Eastern Time
Dial-In:
866-572-9351 (US and Canada)
703-736-7482 (International)
Passcode: 7712889
Webcast:
To access the live and replay webcast, please visit the investor relations section of The Meet Group’s website at http://www.themeetgroup.com.
Call Replay:
An audio replay will be available at 855-859-2056 domestically or 404-537-3406 internationally, using passcode 7712889 through August 7, 2019.
About The Meet Group
The Meet Group (NASDAQ: MEET) is a leading provider of interactive livestreaming solutions designed to meet the universal need for human connection. Our ecosystem of livestreaming apps enables users around the world to interact through one-to-many livestreaming broadcasts and text-based conversations. Our top apps, MeetMe®, LOVOO®, Skout®, Tagged® and Growlr®, deliver live interactions and meaningful connections to millions of users daily. Headquartered in New Hope, PA, we have offices in Philadelphia, San Francisco, Dresden, and Berlin. The Meet Group is committed to safety. You can find a description of current safety practices here: https://www.themeetgroup.com/safety-practices/. For more information, visit themeetgroup.com, and follow us on Facebook, Twitter or LinkedIn.
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View source version on businesswire.com: https://www.businesswire.com/news/home/20190716005137/en/
Investor Contact:
Leslie Arena
larena@themeetgroup.com
267 714 6418
Media Contact:
Brandyn Bissinger
bbissinger@themeetgroup.com
267 446 7010
The Meet Group Updates Flagship App with Industry-First Safety Practices
Source: Business Wire
The Meet Group, Inc. (NASDAQ: MEET), a leading provider of interactive livestreaming solutions, today announced it has launched a number of industry-first safety practices within the newly released iOS and Android versions of its flagship app, MeetMe.
“Today we unveiled a number of safety-related features on MeetMe,” said CEO Geoff Cook, “including the most prominent Report Abuse button we have seen in any major livestreaming app. When a user taps this button, a screengrab will be sent to our 200+ person moderation team for rapid review of both the screengrab and the active livestream. The button will appear in every user stream, making it even easier for users to alert our moderation team to potentially problematic video content.
“We also added a clear, full-screen reminder of our strict content standards that streamers must now acknowledge every time before they stream. And to help ensure that all streamers understand and accept our standards, we have enacted a waiting period for new users before they can go live on MeetMe, during which we encourage them to review our Content and Conduct Policy.
“We are taking meaningful steps to further strengthen what we believe are already industry-leading online safety standards for our apps,” continued Cook. “We expect to add each of these features to our other apps in the coming months, as we continue to lead in livestreaming safety and moderation practices.”
Larry Magid, CEO of ConnectSafely, said, “We appreciate The Meet Group's leadership on abuse-reporting practices. A commitment to one-tap reporting of content, whether livestreams, photos, or profiles makes sense for the whole industry."
About The Meet Group
The Meet Group (NASDAQ: MEET) is a leading provider of interactive livestreaming solutions designed to meet the universal need for human connection. Our ecosystem of livestreaming apps enables users around the world to interact through one-to-many livestreaming broadcasts and text-based conversations. Our top apps, MeetMe®, LOVOO®, Skout®, Tagged® and Growlr®, deliver live interactions and meaningful connections to millions of users daily. Headquartered in New Hope, PA, we have offices in Philadelphia, San Francisco, Dresden, and Berlin. The Meet Group is committed to safety. You can find a description of current safety practices here: https://www.themeetgroup.com/safety-practices/. 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 we will add these features to our other apps later this quarter as anticipated and whether we will continue to lead in livestreaming safety and moderation practices. 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,” “outlook,” “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, 2018 filed with the SEC on March 8, 2019. 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.
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View source version on businesswire.com: https://www.businesswire.com/news/home/20190709005475/en/
Investor Contact:
Leslie Arena
larena@themeetgroup.com
267 714 6418
Media Contact:
Brandyn Bissinger
bbissinger@themeetgroup.com
267 446 7010
The Meet Group Announces Participation in Safety Panel Discussion
Source: Business Wire
The Meet Group, Inc. (NASDAQ: MEET), a leading provider of interactive livestreaming solutions, today announced that its CEO, Geoff Cook, will participate in a panel discussion on Online Safety in the Dating and Social Entertainment Market hosted by Mike Latimore, Managing Director, Senior Research Analyst at Northland Capital Markets.
Mr. Cook will join industry executives and experts in the online dating and entertainment space to discuss the company’s leading safety and moderation practices and ongoing actions to ensure the safety of its user community.
The panel discussion will be held on Tuesday, July 2, at 1:30pm ET – 2:30pm ET. The discussion will be webcast and is available by accessing: https://attendee.gotowebinar.com/register/4514562158102040845.
About The Meet Group
The Meet Group (NASDAQ: MEET) is a leading provider of interactive livestreaming solutions designed to meet the universal need for human connection. Our ecosystem of livestreaming apps enables users around the world to interact through one-to-many livestreaming broadcasts and text-based conversations. Our top apps, MeetMe®, LOVOO®, Skout®, Tagged® and Growlr®, deliver live interactions and meaningful connections to millions of users daily. Headquartered in New Hope, PA, we have offices in Philadelphia, San Francisco, Dresden, and Berlin. For more information, visit themeetgroup.com, and follow us on Facebook, Twitter or LinkedIn.
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View source version on businesswire.com: https://www.businesswire.com/news/home/20190702005315/en/
Investor Contact:
Leslie Arena
larena@themeetgroup.com
267 714 6418
Media Contact:
Brandyn Bissinger
bbissinger@themeetgroup.com
267 446 7010
The Meet Group Joins the Online Dating Association
Source: Business Wire
The Meet Group, Inc. (NASDAQ: MEET), a leading provider of interactive livestreaming solutions, today announced it has joined the Online Dating Association, an international nonprofit organization dedicated to safety and standardizing best practices in the online connection space.
“The ODA is a pioneer in standardizing best practices in online dating and we are proud to be joining forces with their team,” said Geoff Cook, CEO of The Meet Group. “Connecting millions of people a day is inherently challenging. That is why we devote nearly half of our entire workforce exclusively to safety and moderation. That is also why we believe it is so important to share best practices across our industry, to the benefit of all our users. We look forward to working with the ODA and its members to reduce abusive behavior across the space. We are particularly committed to leading the way on safety practices for livestreaming apps.”
Said George Kidd, CEO of ODA, “We are thrilled to have The Meet Group join us, and we look forward to its contributions as we strive to continually improve the wellbeing of the online dating sector and its users. We view The Meet Group as one of the leaders in the space, investing millions of dollars annually to keep its users safe.”
The Meet Group is also an active member of the Family Online Safety Institute. FOSI Founder and CEO Stephen Balkam said, “We commend The Meet Group's proactive approach to sharing best practices with other leaders in the space, and focusing on the wellbeing of users. We look forward to supporting their ongoing work to ensure that those using social media services have a safe and positive experience."
About The Meet Group
The Meet Group (NASDAQ: MEET) is a leading provider of interactive livestreaming solutions designed to meet the universal need for human connection. Our ecosystem of livestreaming apps enables users around the world to interact through one-to-many livestreaming broadcasts and text-based conversations. Our top apps, MeetMe®, LOVOO®, Skout®, Tagged® and Growlr®, deliver live interactions and meaningful connections to millions of users daily. Headquartered in New Hope, PA, we have offices in Philadelphia, San Francisco, Dresden, and Berlin. For more information, visit themeetgroup.com, and follow us on Facebook, Twitter or LinkedIn.
About the Online Dating Association
The ODA was set up in 2014 to develop and maintain standards that give users assurance and ensure businesses trade responsibly. It seeks also to inform policy makers and to promote messages to users that minimize the risk of harm.
Contact info@onlinedatingassociation.org.uk
Site https://www.onlinedatingassociation.org.uk/
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 share best practices across our industry as anticipated; whether we will work with the ODA and its members as anticipated; whether we will lead the way on safety practices for livestreaming apps; and whether we will make contributions to the ODA as anticipated. 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,” “outlook,” “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, 2018 filed with the SEC on March 8, 2019. 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.
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View source version on businesswire.com: https://www.businesswire.com/news/home/20190701005471/en/
Investors:
Leslie Arena
larena@themeetgroup.com
267 714 6418
Media:
Brandyn Bissinger
bbissinger@themeetgroup.com
267 446 7010
Note to IHUB followers - on 1-7-09 meet closed at 5.04...
On the launch pad...
http://ir.themeetgroup.com/file/Index?KeyFile=396300691
Next earnings release should be interesting. Should be around March 7, 2019
At over $5, is this a buy or a short?
Video revenue is up, but this will still lose money?
When will it be profitable?
Well, it was $3.38 when I posted that and it was over 4.70 for a bit today. Thinking $5.00 pre-earnings and hoping with good earnings we run over $6.
Do your own due diligence borobo... think you will see MEET is undervalued.
Video conferencing revenues should push earnings the next couple quarters... maybe more...
How is it you believe the markets will witness $5?!
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