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)
104 (est)
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 $29.2 m in 2016
Numbers are in $, USD

Revenue (Y, 2016)

29.2 m

Revenue growth (Y, 2015 - Y, 2016), %

(49%)

Net income (Y, 2016)

46.3 m

EBIT (Y, 2016)

9.2 m

Market capitalization (22-Jun-2017)

326 m

Closing share price (22-Jun-2017)

4.6

Cash (31-Dec-2016)

21.9 m
MeetMe's current market capitalization is $326 m.
FY, 2013FY, 2014FY, 2015Y, 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
FY, 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

Current Liabilities

10.1 m9.4 m7.6 m14.4 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

Financial Leverage

1.1 x1.1 x1.1 x
FY, 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
Y, 2016

Financial Leverage

1.1 x

MeetMe Operating Metrics

MeetMe's Daily Active Users was reported to be 2.1 m in Q4, 2016, which is a 60% increase from the previous period. MeetMe's Monthly Active Users was reported to be 9 m in Q4, 2016, which is a 57% increase from the previous period

    MeetMe Market Value History

    MeetMe Online and Social Media Presence

    MeetMe News and Updates

    MeetMe Company Life and Culture

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