The Meet Group has announced its Q1 2019 financial results will be released on 8th May before the open of the market at 9:30am ET.
The online dating and live streaming umbrella has also scheduled a conference call at 8:30am ET to discuss the results with the investment community and to outline plans for the coming quarter.
Following the 2018 Full Year financial results, The Meet Group’s stock price reached a two-and-a-half year high of $6.17. CEO Geoff Cook attributed the growth to the successful integration of one-to-many video streaming across several platforms.
He told GDI that his team are currently working on a number of ways to involve the 80% of users who aren’t yet fully engaging in live streaming, in order to maximise revenue. Furthermore, the introduction of one-to-one video chatting is under development.
Co-founder Catherine Cook Connelly also acknowledged the benefits of live streaming in a recent podcast appearance, saying it has led to users spending longer in the app rather than just quickly checking messages.
The company announced its fourth acquisition in three years, when it took full control of Growlr, its first venture into the LGBTQ dating community. It is planning to add live streaming to the new product by the end of the year.
The Meet Group will be speaking at the first GDI Singapore Dating Conference at the Marina Bay Sands Hotel on 14th May 2019.
Visit The Meet Group website here.