MeetMe (MEET) Reports Prelim. Q2 Revenue of $10.7M

MeetMe, Inc. (NASDAQ: MEET), the public market leader for social discovery, today announced that its second quarter revenue is estimated to be $10.7 million, an increase of 12% as compared to $9.5 million for its second fiscal quarter ended June 30, 2013. The estimated increase in revenue compared to the corresponding period in 2013 is primarily due to increased mobile revenue. Mobile revenue is estimated to be $5.6 million, an increase of 114% as compared to $2.6 million for its second fiscal quarter ended June 30, 2013. The estimated increase in mobile revenue compared to the corresponding period in 2013 is primarily due to higher advertising revenue.

(Street sees Q2 revenue of $10.41 million)

Average mobile daily active users (DAU) for the month ended June 30, 2014 is expected to be 863,781, an increase of 12% as compared to average mobile DAU of 772,203 for the quarter ended March 31, 2014.

MeetMe expects to announce full second quarter 2014 results in early August at which point it will also furnish all additional revenue and profitability related metrics.

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