NEW HOPE, Pa.–(BUSINESS WIRE)–
MeetMe, Inc. (NASDAQ: MEET), a public market leader for social
discovery, today reported preliminary revenue results for its fourth
quarter ended December 31, 2016. MeetMe is releasing these results in
anticipation of meetings with institutional investors in Los Angeles,
San Diego, San Francisco, Portland and Denver between January 5 and
January 13, 2017.

Preliminary Fourth Quarter 2016 Revenue Results

Total revenue for the quarter is expected to be approximately $29.1
million, representing growth of 46% year over year. Previously MeetMe
had provided revenue guidance in the range of $27.5 million to $29
million for the quarter.

David Clark, Chief Financial Officer of MeetMe, commented:

“Mobile advertising rates in the United States increased to record
levels in the fourth quarter, resulting in better than expected revenue
performance from both our MeetMe and Skout brands. Each brand achieved
its highest recorded revenue days ever in late December, and the two
brands combined generated more than $400,000 in revenue in a single day
for the first time in December, which they then repeated six more times
before the year ended. Additionally, we started 2017 with a record 33
million chats sent on a single day on our MeetMe property.”

Earnings Call and Webcast

MeetMe expects to report full fourth quarter and 2016 year-end results
in early March. Details on the earnings conference call and webcast will
be provided in a separate press release.

About MeetMe, Inc.

Through its MeetMe® and Skout® mobile apps and websites, MeetMe is a
leading social network for meeting new people in the US and a public
market leader for social discovery (NASDAQ: MEET). MeetMe makes it easy
to discover new people to chat with on mobile devices. With
approximately two million total daily active users, MeetMe is fast
becoming the social gathering place for the mobile generation. MeetMe is
a leader in mobile monetization with a diverse revenue model comprising
advertising, user credits, and subscriptions. MeetMe’s apps are
available on iPhone, iPad, and
Android in
multiple languages worldwide. For more information, please visit meetmecorp.com.

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 our total revenue for the fourth quarter will be
approximately $29.1 million, whether we will hold investor meetings as
anticipated, whether mobile CPMs in the United States will increase in
the future, whether our brands will generate record revenue in the
future, whether we set records for the number of chats sent on a single
day in the future, and whether we will report results for the fourth
quarter and the full year 2016 in early March. 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,” “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, 2015, the Form 10-Q for the quarter
ended June 30, 2016 and the Form 8-K filed on October 4, 2016. 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: http://www.businesswire.com/news/home/20170105005542/en/

Investors:
MKR Group, Inc.
Todd Kehrli or Jim Byers,
323-468-2300
meet@mkr-group.com

Source: MeetMe, Inc.