The social discovery service, founded in 2005 to connect users on mobile devices, has posted better-than-anticipated financial results for the second quarter of 2016.
The company also announced plans to acquire Skout, a leading global mobile network for meeting new people.
Dating is a stage of romantic or sexual relationships in humans whereby two or more people meet socially, possibly as friends or with the aim of each assessing the other's suitability as a prospective partner in a more committed intimate relationship or marriage.
It can be a form of courtship that consists of social activities done by the couple.
Adjusted EBITDA increased 109% year-over-year to .0 million, reflecting a 37% adjusted EBITDA margin.
Non-GAAP net income reached .8 million, a 103% increase over Q2 of last year.
Wall Street’s initial projections predicted .27 million in revenue for Meet Me.
Just look at how many people seeking dates or mates are flocking to matchmaking sites and apps.Mobile revenue rose 82% to .1 million year-over-year.Mobile represented more than 92% of Meet Me’s total revenue in the second quarter.The protocols and practices of dating, and the terms used to describe it, vary considerably from country to country and over time.While the term has several meanings, the most frequent usage refers to two or more people exploring whether they are romantically or sexually compatible by participating in dates with the other.