The Meet Group Sets Date For Q3 Financial Results

The Meet Group, the online dating and livestreaming company that is parent to brands such as MeetMe, Skout and Growlr, has announced the release date of its Q3 financial report.

The results will be published on Thursday, 7th November before the NASDAQ market opens.

Like usual, a conference call has been scheduled for 8:30am ET to discuss the results and forward-looking statements with investors.

The Meet Group published preliminary results at the start of October. It predicts total revenue will come in at approximately $53.2 million, while adjusted EBITDA should be somewhere around $10.5 million.

The better-than-expected predictions caused the stock market to react positively and The Meet Group’s share price has grown by more than 35%. It is currently sitting at $4.27 with a valuation of just over $325 million.

Earlier this month, CEO Geoff Cook expressed his optimism for the rest of 2019 by saying: “We are encouraged by our results for the third quarter. New features including streamer levels, VIP badges, first time buyer bonuses and one-on-one video chat are contributing to meaningful business results. 

“Further, we believe that the moderation-related headwinds related to our recent safety enhancements are largely behind us.”

Speaking at the GDI London Conference 2019, The Meet Group’s CFO Jim Bugden revealed that a livestreaming dating game will be released on the MeetMe platform very soon.

Visit The Meet Group’s website here.