Market Overview

The Meet Group Announces New Livestreaming Video Milestones

  • Annualized Video Revenue Run-rate Now Exceeds $48 million
  • Video DAU Averages More Than 900,000
  • Marks One Year Anniversary of Launch of Livestreaming Monetization

The Meet Group, Inc. (NASDAQ:MEET), a public market leader in the
mobile meeting space, today provided an update on its livestreaming
video platform, ahead of the Company's presentation at the B. Riley FBR
Consumer & Media Conference in New York City, scheduled for 3:30pm today.

"We've made tremendous progress in the last year," said Geoff Cook. "As
of September, our video business is now generating more than $48 million
on an annualized basis – growing from zero in October of last year. It
is easily the fastest-growing new product in our history, and we believe
we can continue to grow it from here.

"For the month of September, daily live video users averaged more than
900,000, of which an average of 125,000 were broadcasting. We've also
continued to grow total minutes of livestreaming content," added Cook.

For the month of September:

  • Annualized video revenue run-rate exceeded $48 million, an increase of
    17% versus the $42 million we last reported in August.
  • Daily video users exceeded 900,000, an increase of 20% from the
    750,000 we last reported in July. Increased vDAU reflects growing
    video penetration at LOVOO.
  • Daily video users as a share of mobile daily active users (or average
    vDAU%) exceeded 20% for the portfolio.
  • Total daily time spent in video exceeded 25 million minutes.

"Livestreaming video is revolutionizing the way people connect,"
continued Cook. "I believe it is a media form that will rival
traditional television for size and diversity, with channels developing
for video games, dating, contests, and news, to name just a few. The
rise of services like Twitch, HQ, and MOMO, I believe, are indicative of
this trend, as is our substantial progress growing a global social
entertainment livestreaming network.

"Having now completed the rollout of our livestreaming platform to all
of our apps, including LOVOO, which we fully rolled-out as of
mid-August, we see additional opportunities for growth. LOVOO is our
most trafficked app, and our early results have been promising, tracking
what we saw in the early days of our live video rollout on MeetMe and
Skout. This past Sunday, for example, LOVOO's share of vDAU surpassed
20%, up from an average of 14% in August, which contributed to total
portfolio vDAU on that day surpassing one million for the first time in
our history.

"In addition to rolling out Live to more users, we've also begun
expanding the use cases of video within the app. With the recent launch
of our Quick feature on the MeetMe app, we extended our livestreaming
solution from one-to-many to one-on-one. For Quick, our focus in the
coming months will be to grow its value and engagement within the
community, similar to the early days of our live platform launch last

"We are excited, as well, about our expected roll out of Battles
beginning later this year. Battles is our twist on the popular PK Asian
livestreaming format, which we believe will further grow video
monetization and engagement. We believe this format has been a mainstay
of livestreaming monetization for apps as varied as YY, MOMO, and Inke.
We aim to re-interpret this format for a Western audience. We believe we
are in the early innings of the livestreaming opportunity, and we are
excited by the potential of live video to enable meaningful connections
for our users."

About The Meet Group

The Meet Group (NASDAQ:MEET) is a portfolio of mobile social
entertainment apps designed to meet the universal need for human
connection. We leverage a powerful live-streaming video platform,
empowering our global community to forge meaningful connections. Our
primary apps, MeetMe®, LOVOO®, Skout®, and Tagged®, keep millions of
mobile daily active users entertained and engaged and originate untold
numbers of casual chats, friendships, dates, and marriages. Our apps,
available on iPhone, iPad, and Android in multiple languages, use
innovative products and sophisticated data science to let our users
stream live video, send gifts, chat, and share photos. The Meet Group
has a diversified revenue mix consisting of in-app purchases,
subscription, and advertising, and we have offices in New Hope,
Philadelphia, San Francisco, Dresden, and Berlin. For more information,
and follow us on FacebookTwitter or LinkedIn.

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 will continue to make progress with our video
business and if so at what rate, whether our video business will
continue to generate revenue at a $48 million annualized rate, whether
our video product will continue to be the fastest growing in our
history, whether the number the number of daily live video users
(including broadcasters) will continue to grow, whether our number of
total minutes of livestreaming content will continue to grow, whether
video penetration at LOVOO will continue, whether daily video users as a
share of mobile daily active users will continue to grow, whether total
daily time spend in video will continue to grow, whether livestreaming
will revolutionize the way people connect, whether livestreaming will
rival traditional television for size and diversity, whether
livestreaming channels will develop for video games, dating, contests,
news, and other formats, whether we will build a global livestreaming
network for social entertainment, whether we will realize additional
opportunities for growth in livestreaming, whether our early results for
LOVOO livestreaming will be indicative of future results, whether
LOVOO's share of vDAU will continue to increase, whether we will expand
the use cases of video in our apps, whether we will grow Quick's value
and engagement within the community, whether we will roll out Battles as
anticipated, whether Battles will further grow video monetization and
engagement, whether we will successfully reinterpret the YY, MOMO and
Inke format for Western audiences, whether we are in the early innings
of the livestreaming opportunity, and whether live video will enable
meaningful connections for our users. 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, 2017 filed with the SEC on March 16,
2018 and our Quarterly Reports on Form 10-Q for the quarters ended March
31, 2018 and June 30, 2018 filed with the SEC on May 7, 2018 and August
2, 2018, respectively. 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.

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