MeetMe rallies following bullish SA Pro column

In a column now out of embargo, SA Pro contributor Inflection Point Investing trumpets MeetMe's (MEET +5%) mobile revenue growth (+127% Y/Y in Q4), and argues it stands to offset weakening PC/Web revenue.

The author sees the launch of three new apps - Charm, Choosy, and Unsaid - further boosting MeetMe's mobile growth, and expects the company to narrow the gap that exists between its mobile and Web average revenue per daily active user ($.04 vs. $.13), thanks in part to a deal with mobile ad firm Pinsight Media+.

IPI notes shares currently trade at 10x 2014E EV/EBITDA, and thinks a low-20s multiple is possible as growth accelerates.

Shares are up 11% over the last two days.

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Comments (4)
  • fritz2012
    , contributor
    Comments (17) | Send Message
    I left facebook a while back & I must admit I like Meetme much better, The Mobile is good & while on my Home PC I enjoy the people I meet & family members also. Its easier to use than F/B too
    7 Feb 2014, 12:32 PM Reply Like
  • fritz2012
    , contributor
    Comments (17) | Send Message
    I should clarify my statement, I still have an active F/B account, But I just prefer to use Meetme because its more enjoyable.
    7 Feb 2014, 01:00 PM Reply Like
  • Phayes86
    , contributor
    Comments (5) | Send Message
    This makes me happy, no doubt this is a rallying company!
    7 Feb 2014, 01:11 PM Reply Like
  • snakepitt1
    , contributor
    Comments (12) | Send Message
    I just want to make money, so I hope this site is taken over by one of the bigger (Facebook) companies.
    11 Feb 2014, 10:05 AM Reply Like
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