Meet Group Inc (MEET)

[rockman_1892]

Total Revenue for 2016 Increased 34% Year Over Year

Mobile Revenue for 2016 Increased 56% Year Over Year

GAAP Net Income for 2016 (excluding one-time deferred tax benefit) Increased 204% Year Over Year

Adjusted EBITDA for 2016 Increased 45% Year Over Year

Full Year Adjusted EBITDA Margin Increased to 39%

Fourth Quarter 2016 Financial Highlights

Total revenue was $29.2 million, up 47% year over year.

Mobile revenue was $27.8 million, up 62% year over year.

GAAP net income was $9.9 million, or $0.15 per diluted share, up 63% year over year.

Non-GAAP net income was $12.4 million, or $0.19 per diluted share, up 56% year over year.

Adjusted EBITDA was $12.8 million, or a 44% margin, up 42% year over year. (See the important discussion about the presentation of non-GAAP financial measures, and reconciliation to the most direct comparable GAAP financial measure, below.)

Cash and Cash Equivalents totaled $21.9 million at December 31, 2016.