NEW HOPE, Pa.–(BUSINESS WIRE)–
MeetMe, Inc. (NASDAQ: MEET), a public market leader for social
discovery, today reiterated its financial guidance for the third quarter
and full year of 2016 in response to recent volatility in the Company’s
share price and in anticipation of upcoming investor meetings.

MeetMe Third Quarter 2016 Guidance

• Revenue for the quarter is expected to be in the range of $17.0
  million and $17.5 million, representing growth of between 19% and 22%
  year over year.
• Adjusted EBITDA for the quarter is expected to be in the range of $6.5
  million and $7.0 million, representing growth of between 25% and 35%
  year over year.

MeetMe Full Year 2016 Guidance

• Revenue for the year is expected to be in the range of $66.0 million
  to $68.0 million, representing growth of between 16% and 20% year over
  year.
• Adjusted EBITDA for the year is expected to be in the range of $25.0
  million to $27.0 million, representing growth of between 24% to 33%
  year over year.

Consolidated Full Year 2016 Guidance
(pending closing of
Skout, Inc. acquisition, expected in early October 2016)

• Revenue for the year is expected to be in the range of $73.5 million
  to $75.5 million, which would include three months of revenue
  contribution from Skout.
• Adjusted EBITDA for the year is expected to be in the range of $28.0
  million to $30.0 million, which would include three months of adjusted
  EBITDA contribution from Skout.

About MeetMe, Inc.

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 90 percent of traffic coming from mobile and more than one
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, native
advertising, virtual currency, and subscription. MeetMe apps are
available 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. 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 we will hold upcoming investor meetings as
anticipated, whether will obtain projected revenue and adjusted EBITDA
as anticipated for the third quarter and the full year 2016, whether we
will close the Skout acquisition as anticipated, and whether will obtain
projected revenue and adjusted EBITDA as anticipated following the
closing of the Skout acquisition for the third quarter and the full year
2016. 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 and the Form 10-Q for the quarter ended June 30, 1026.
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.

Regulation G – Non-GAAP Financial Measures

The Company uses financial measures which are not calculated and
presented in accordance with U.S. generally accepted accounting
principles (“GAAP”) in evaluating its financial and operational decision
making and as a means to evaluate period-to period comparison. The
Company uses these non-GAAP financial measures for financial and
operational decision-making and as a means to evaluate period-to-period
comparisons. The Company presents these non-GAAP financial measures
because it believes them to be an important supplemental measure of
performance that is commonly used by securities analysts, investors and
other interested parties in the evaluation of companies in our industry.
We refer you to the reconciliations below.

The Company defines Adjusted EBITDA as earnings (or loss) from
continuing operations before interest expense, change in warrant
liability, benefit or provision for income taxes, depreciation and
amortization, and non-cash stock-based compensation, non-recurring
acquisition and restructuring expenses, gain or loss on cumulative
foreign currency translation adjustment, gain on sale of asset, bad debt
expense outside the normal range, and the goodwill impairment charges.
The Company excludes stock-based compensation because it is non-cash in
nature. The Company defines Non-GAAP Net Income as earnings (or loss)
from continuing operations before benefit or provision for income taxes,
amortization on intangibles, non-recurring acquisition and restructuring
costs, and non-cash stock­based compensation.

Non-GAAP financial measures should not be considered as an alternative
to net income, operating income, cash flow from operating activities, as
a measure of liquidity or any other financial measure. They may not be
indicative of the historical operating results of the Company nor is it
intended to be predictive of potential future results. Investors should
not consider non-GAAP financial measures in isolation or as a substitute
for performance measures calculated in accordance with GAAP.

View source version on businesswire.com: http://www.businesswire.com/news/home/20160816006244/en/

Investor Contact:
MKR Group Inc.
Todd Kehrli or Jim
Byers
(323) 468-2300
meet@mkr-group.com

Source: MeetMe, Inc.