MeetMe® is the leading social network for meeting new people in the US and the public market leader for social discovery. MeetMe makes meeting new people fun through social games and apps, monetized by both advertising and virtual currency. With approximately 75 percent of traffic coming from mobile, MeetMe is fast becoming the social gathering place for the mobile generation. The company operates MeetMe.com and MeetMe apps on iPhone, iPad, and Android in multiple languages including English, Spanish, Portuguese, French, Italian, German, Chinese (Traditional and Simplified), Russian, Japanese, Dutch, Turkish and Korean.
Company Growth (employees)
Type
Public
HQ
New Hope, US
Founded
2005
Size (employees)
124 (est)+20%
MeetMe was founded in 2005 and is headquartered in New Hope, US

Key People at MeetMe

David Cook

David Cook

Co-Founder
Catherine Cook

Catherine Cook

Co-Founder
Geoff Cook

Geoff Cook

Co-Founder, COO
Bill Alena

Bill Alena

Chief Revenue Officer
Fred Beckley

Fred Beckley

EVP, General Counsel

MeetMe Office Locations

MeetMe has offices in New Hope, Philadelphia and San Francisco
New Hope, US (HQ)
100 Union Square Dr

MeetMe Data and Metrics

MeetMe Financial Metrics

MeetMe's revenue was reported to be $20.1 m in Q1, 2017
USD

Revenue (Q1, 2017)

20.1 m

Net income (Q1, 2017)

445.8 k

EBIT (Q1, 2017)

448.1 k

Market capitalization (15-Aug-2017)

256.9 m

Cash (31-Mar-2017)

74.5 m
MeetMe's current market capitalization is $256.9 m.
USDFY, 2013FY, 2014FY, 2015FY, 2016

Revenue

40.4 m44.8 m56.9 m29.2 m

Revenue growth, %

11%27%(49%)

Operating expense total

50.4 m48 m48.9 m20.1 m

EBIT

(10.1 m)(3.1 m)8 m9.2 m

EBIT margin, %

(25%)(7%)14%31%

Interest expense

848.2 k1.1 m84.7 k3.2 k

Interest income

9.7 k10.4 k5.3 k2.5 k

Pre tax profit

(10.9 m)(4 m)6.2 m

Income tax expense

(149.5 k)

Net Income

(10.9 m)(4 m)6 m46.3 m
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Revenue

10.7 m11.6 m11.6 m11.1 m14.3 m13.3 m16.4 m17.2 m20.1 m

Sales and marketing expense

1.9 m1.5 m1.2 m1.1 m1.5 m2.3 m3.2 m3.2 m5.1 m

General and administrative expense

2.2 m1.9 m1.6 m1.8 m7.8 m2.3 m1.9 m2.2 m2.9 m

Operating expense total

4.1 m3.4 m2.8 m2.9 m9.3 m4.7 m5.1 m5.4 m8 m

EBIT

(1.4 m)(600)1.7 m1.3 m(1.9 m)2.2 m3.2 m4.7 m448.1 k

EBIT margin, %

(13%)(0%)14%12%(13%)16%19%27%2%

Interest expense

(241.6 k)(207 k)(158.9 k)(123 k)(93.4 k)(6.7 k)(5.4 k)(4.1 k)(2.3 k)

Interest income

5492.7 k5.2 k5.2 k5.3 k5.1 k6.4 k7.1 k2.6 k

Pre tax profit

(1.4 m)52 k777.3 k1.3 m(2 m)2.4 m446.1 k

Income tax expense

(55.2 k)(73.5 k)1.8 k(94.3 k)(292)

Net Income

(1.4 m)52 k722.1 k1.2 m(2 m)2.4 m29.6 m4.4 m445.8 k
USDFY, 2013FY, 2014FY, 2015FY, 2016

Cash

6.3 m17 m19.3 m21.9 m

Inventories

597.1 k790 k970.2 k1.5 m

Current Assets

17.1 m26.9 m36.8 m47.1 m

PP&E

2.9 m2.5 m2.6 m2.5 m

Goodwill

70.6 m70.6 m114.2 m

Total Assets

95.6 m103.2 m111.5 m209.5 m

Accounts Payable

3.3 m3 m2.8 m5.4 m

Total Debt

221.3 k

Current Liabilities

10.1 m9.4 m7.6 m14.4 m

Total Liabilities

14.4 m

Additional Paid-in Capital

282.5 m297 m300.7 m351.9 m

Retained Earnings

(200.1 m)(204.1 m)(198.1 m)(156.8 m)

Total Equity

92.3 m102.7 m195.1 m

Debt to Equity Ratio

0 x

Debt to Assets Ratio

0 x

Financial Leverage

1.1 x1.1 x1.1 x
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Cash

5.8 m15.6 m14.8 m16.2 m15.5 m26.4 m32.1 m46 m74.5 m

Accounts Receivable

2.3 m

Current Assets

13.9 m24.5 m26.6 m28.3 m27.4 m37.9 m48.8 m60.3 m91.8 m

PP&E

1.9 m1.8 m2.7 m2.7 m2.3 m2.4 m2.1 m2.2 m

Goodwill

70.6 m70.6 m70.6 m70.6 m70.6 m70.6 m70.6 m70.6 m114.2 m

Total Assets

90.4 m100.5 m102.7 m104 m102.4 m112 m149.7 m160.6 m252.6 m

Accounts Payable

3.2 m2.2 m1.8 m1.7 m1.7 m2.3 m3 m1.8 m3.4 m

Current Liabilities

8.8 m8 m7.3 m6.9 m6.8 m4.9 m8.6 m5.8 m11.8 m

Additional Paid-in Capital

284.6 m296.2 m297.6 m298.3 m299 m301.9 m305.5 m318.5 m397.2 m

Retained Earnings

(205 m)(204.9 m)(203.4 m)(202.1 m)(204.2 m)(195.7 m)(166.1 m)(163.8 m)(156.4 m)

Total Equity

79 m90.6 m94.3 m96.3 m94.9 m106.2 m139.4 m154.7 m240.9 m

Financial Leverage

1.1 x1.1 x1.1 x1.1 x1.1 x1.1 x1.1 x1 x1 x
USDFY, 2013FY, 2014FY, 2015FY, 2016

Net Income

(10.9 m)(4 m)6 m46.3 m

Depreciation and Amortization

4.4 m4.2 m760.2 k1.8 m

Accounts Receivable

(385.1 k)(3.2 m)

Accounts Payable

617.2 k(372 k)684.7 k

Cash From Operating Activities

(725.3 k)10.7 m7.2 m25.9 m

Purchases of PP&E

(149.1 k)(1.1 m)(1.8 m)(1 m)

Cash From Investing Activities

(37.5 k)(1.1 m)(1.5 m)(30.9 m)

Long-term Borrowings

(2.2 m)(2.3 m)(2.8 m)

Cash From Financing Activities

2.1 m7.3 m(3.3 m)7.9 m

Interest Paid

618.8 k530.1 k275.1 k16.2 k
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Net Income

(1.4 m)52 k722.1 k1.2 m(2 m)2.4 m29.6 m4.4 m445.8 k

Depreciation and Amortization

1.1 m1.1 m815.9 k801.3 k762.8 k751.3 k753.9 k761.5 k1.7 m

Accounts Payable

3.2 m2.2 m1.8 m1.7 m1.7 m2.3 m3 m1.8 m3.4 m
USDY, 2017

Revenue/Employee

176 k

Financial Leverage

1 x

MeetMe Operating Metrics

MeetMe's Monthly Active Users was reported to be 9 m in Q4, 2016. MeetMe's Daily Active Users was reported to be 2.1 m in Q4, 2016

    MeetMe Market Value History

    Traffic Overview of MeetMe

    MeetMe Online and Social Media Presence

    MeetMe News and Updates

    Old-school social networks Tagged and Hi5 bought by MeetMe for $60M

     Like bizzaro Facebooks, Tagged and Hi5 launched in 2004 to help you meet new people instead of connecting you with friends you already know. Through social games and paid dating features, they earned a surprising amount of revenue despite being relatively unknown. Tagged bought Hi5 in 2011 before b…

    MeetMe acquires mobile flirting app Skout for $55 million in cash and stock

    MeetMe announced today that it has acquired the mobile flirting app startup Skout for $28.5 million in cash and approximately 5.37 million shares in the social discovery company — estimated at $54.6 million. Under the terms of the deal, it’s expected that Skout will remain operational and as a stand…

    MeetMe Company Life and Culture

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