ParshipMeet Group

The Meet Group, a leading provider of mobile apps and services with a focus on livestreaming, has released financial results for its third quarter of 2019. The Meet Group’s portfolio of dating and social networking brands includes MeetMe, LOVOO, Skout, Tagged and Growlr.

For the third quarter 2019, The Meet Group reported the following financial highlights:

• Total revenue of $52.6 million, up 15% from the prior year quarter
• GAAP net income of $3 million, or $0.04 per diluted share, compared to a GAAP net income of $1.3 million or $0.02 per diluted share in the prior year quarter
• Adjusted EBITDA of $11 million, compared to Adjusted EBITDA of $8.7 million in the prior year quarter
• Non-GAAP net income of $10.1 million, or $0.13 per diluted share, compared to $7.6 million, or $0.10 per diluted share, in the prior year quarter

Late in 2018 eHarmony was acquired by the German broadcaster ProSiebenSat.1 (Parship Elite Group). Since then they have been busy working on a large update to eHarmony which went live on November 4^th, 2019. With this update came the closure of Compatible Partners which now redirects to eHarmony with the following message:

A fresh experience is waiting for you. Log in with your existing credentials or register now to discover what‘s new.

So, it looks like current members have nothing to worry about as all active member accounts have been moved over to eHarmony so all you need to do is log in with your existing information.

If you’ve ever wanted to star in your own personal dating game, you’re in luck. The Meet Group has announced the launch of NextDate, a livestreaming dating game that lets users of MeetMe and Skout take on the role of a contestant in a speed dating show.

The patent-pending dating game offers a modern twist on a familiar format. As in a classic television dating competition, the user interacts with potential matches while being watched by an audience — except the user gets to choose who their matches are and, instead of a live studio audience, the game is watched in real-time via livestream. The Meet Group’s gamified take on speed dating allows streamers to add comments, use a rating system called the Love-o-meter, and take their romantic chances with any contestant who is currently playing NextDate.

Study on Access to Personal Info by Dating Apps

Image: datingroo

Dating app users often don’t realize how much personal information they are giving away just by signing up. But Datingroo, a U.K.-based online dating research company, has released a new study that shows exactly how little privacy most dating app users have.

Datingroo studied the ten most popular dating apps from Tinder to PlentyofFish to eHarmony, examining 45 personal data access points in 13 categories such as precise location, other accounts on the device, network connections, and modification or deletion of the contents on USB storage, and found some surprising results.

Among all the apps, Badoo and PlentyofFish have access to the most data in user’s devices (92% of all access points studied). Combined, they have more than 522 million users worldwide, which means they have access to an enormous amount of information. Coffee Meets Bagel has the fewest users (7 million), as well as the least data access.

The Meet Group, parent to an ecosystem of social networking and dating apps focused on livestreaming, has released financial results for the second quarter of 2019. The Meet Group’s portfolio of brands includes MeetMe, LOVOO, Skout, Tagged, and Growlr.

For Q2 2019, the Meet Group reported revenue of $52 million, an increase of $9.2 million (or 22%) from $42.8 million in the second quarter of 2018. GAAP net income for the period was $2.2 million ($0.03 per diluted share) compared to a GAAP net loss of $0.2 million ($0.00 per diluted share) in the prior year quarter. Adjusted EBITDA for the second quarter of 2019 was $9.8 million, compared to $7.6 million in the second quarter of 2018. Non-GAAP net income for the second quarter of 2019 was $8.8 million ($0.11 per diluted share) compared to $6.4 million ($0.08 per diluted share) in the second quarter of 2018. The Meet Group ended the quarter with $26.1 million in cash and cash equivalents.

“Strong execution in video continued to drive our business growth,” said Geoff Cook, Chief Executive Officer of The Meet Group. “We grew revenue 22% from the prior year quarter to a new record high fueled by video revenue growth of 150% over the same period. We increased adjusted EBITDA by 29% and we generated $10.2 million in free cash flow – the highest quarterly free cash flow in our history.”

Image: The Meet Group

The Meet Group, the Pennsylvania-based parent to several dating and social networking apps, unveiled two new sets of features for its flagship dating and livestreaming platform, MeetMe.

The first updates focus on making MeetMe a safer, more welcoming and more inclusive space. The iOS and Android versions of the app now have a more prominent Report Abuse button - the largest, according to CEO Geoff Cook, seen in any major livestreaming app so far. When a user taps the button, a screengrab is automatically taken and sent to the company’s moderation team. The moderators can immediately review both the screengrab and the active livestream in order to take appropriate action.