| Market Capitalization (Millions $) |
- |
| Shares
Outstanding (Millions) |
76 |
| Employees |
966 |
| Revenues (TTM) (Millions $) |
256 |
| Net Income (TTM) (Millions $) |
16 |
| Cash Flow (TTM) (Millions $) |
39 |
| Capital Exp. (TTM) (Millions $) |
1 |
Business Description
Meet Group Inc. is a social media and entertainment company that was founded in 2005 in the United States. The company operates a number of social networking and dating sites and applications which have a focus on live video streaming and real-time communication. These platforms include MeetMe, LOVOO, Skout, Tagged, and Growlr, among others.
MeetMe is the company's flagship platform, which has been in operation since 2005. The platform enables members to connect with each other via text, audio, and video chat. It also features social networking tools such as photo and video-sharing, private messaging, and games.
Skout is a global platform that is available in over 180 countries and is primarily focused on establishing romantic relationships. Users can connect through a variety of mediums, including live video chat, messaging, and virtual gifts. The platform features real-time translation capabilities, which allow users from different countries to interact with one another.
Tagged is a social discovery platform with over 300 million registered users. It offers a variety of features, including games, quizzes, and socializing tools, and is particularly popular among younger audiences. In 2017, the company added a live streaming component to the platform.
LOVOO is a social dating platform that allows users to connect with others via a location-based matching algorithm. It has over 70 million registered users across Europe and is particularly popular in Germany. The platform also offers a range of features such as virtual gifts, live streaming, and icebreakers.
Growlr is a specialized dating app which is designed for gay bears and their admirers. It allows users to connect with each other through live video chat, messaging, and event postings. It has over 10 million users worldwide.
In addition to their social networking platforms, Meet Group Inc. also operates various revenue streams such as advertising, gaming, and virtual currency. They have also collaborated with major brands such as TikTok, Snapchat, and Facebook to drive user engagement and increase visibility.
Additionally, the company has made significant investments in improving user safety and security on their platforms. They have implemented a range of features such as real-time content moderation, user verification, and block lists to ensure a positive user experience.
Meet Group Inc. was acquired by the German social media company, ProSiebenSat.1 Media SE in 2020, and was later acquired by Parship Group in a move designed to merge the capabilities of the two companies in the online dating industry. The new combined company is expected to compete with the likes of Match Group and Bumble in the global dating market.
Company Address: 100 Union Square Drive New Hope 18938 PA
Company Phone Number: 862-1162 Stock Exchange / Ticker: NASDAQ MEET
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