Seeking Alpha

MeetMe flies as preliminary Q4 revenues come above guidance, mobile sales surge

  • MeetMe (MEET +19.4%) shares surge after the company announces preliminary Q4 revenue of ~$13M (+12% Y/Y and 29% Q/Q), well above the lone analyst's expectation of $11.5M and prior guidance of $11.25M-$11.75M.
  • Mobile revenue surged 127% Y/Y and 72% Q/Q to ~$5M.
  • $600K in virtual currency sales, which had been collected previously but deferred, is included in the preliminary results.
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