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MeetMe Share 2014 Results, Mobile Revenue Increasing But Operating On Loss

Meet Me

 

MeetMe have released details of their financial report for 2014 yar.

While revenue was up 11% year over year to $44.8m, they are still operating on a loss of $4m.

Here are some other highlights:

  • Mobile revenue hit $24.6m, up 96% year over year.
  • Mobile revenue represented 55% of their total revenue – up from 31% in 2013.
  • Adjusted EBITDA was $5m, up 177% year over year.
  • Net loss was $4 million, compared to a net loss of $10.9m for 2013.

In their conference earnings call, CEO Geoff Cook spoke how they had bolstered their Chat function, and increased mobile revenue.

He said: “A year ago, we hadn’t yet broken 10 million chats a day. Today, we routinely achieve 25m chats a day. A year ago, our Mobile DAU, daily active users, stood at 772,000 and I mentioned that growing that key metric was our singular focus. In January, Mobile DAU reached an all-time high of 1m in the month, up roughly 30% from the same period a year ago.”

See the full report here.

Simon Edmunds

Simon is the former editor of Global Dating Insights. Born in Newcastle, he has an English degree from Queen Mary, London and after working for the NHS, trained as a journalist with the Press Association. Passionate about music, journalism and Newcastle United.

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