|
 |
|
|
MEET, owner of MeetMe.com and Quepasa.com, reported record results. |
|
|
Released on Wednesday, August 9, 2012, 6:30 AM ET
Pittsburgh, PA (SpeculatingStocks) - MeetMe, Inc. (NYSE:MEET), formerly Quepasa Corp., reported record second quarter revenue of $13.1 million, up 47% over the combined revenues of Quepasa and myYearbook (now MeetMe) a year ago.
According to the company, during June, MeetMe.com was the 18th most trafficked website in the U.S. by page views, according to comScore, and the 3rd most trafficked social network.
It was important that MEET could successfully rebrand myYearbook.com to MeetMe.com and the company appears to have been able to accomplish that without much of a hitch. MEET launched virtual currency products during Q1 and drove more than 50% of mobile revenue in Q2. The CEO of MEET commented that the company is still early on in their monetization efforts.
Watch MEET at the open today, this will be the first chance for investors to trade Q2 earnings. MEET closed down $0.26 to $2.23 yesterday.
Find more stocks on the SpeculatingStocks homepage.
Comments:
|
|
