The Meet Group Reports Third Quarter 2019 Financial Results

- Tuesday, November 26 2019 @ 12:04 pm
- Contributed by: ElyseRomano
- Views: 116
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