3. Ticker: MEET
Exchange: NYSE MKT
Current Share Price:
$1.65
Market Capitalization:
$62.91M
Insider Ownership: 48%
Investment Highlights
#1 most visited social network for
meeting new people in the US.1
#1 Top Grossing Social App on
Android.2
150% growth in mobile revenue
in Q1 2013 vs. Q1 2012.
34% growth in mobile daily active
users in Q1 2013 vs. Q1 2012.
Addressable market of over 1.5
billion people globally.
1comScore US, March 2013. MeetMe vs. Tagged and Badoo.
2Android Market Top Grossing Social App as of May 6, 2013.
Stock information source: Yahoo! Finance, May 29, 2013.
Slide 3
4. Our mission is to build the leading social network for
meeting new people.
We are the digital coffeehouse, a re-imagination of the bar, a social gathering place.
We intend to transform the way people meet in a mobile-first world.
Slide 4
8. Focused on the Fastest-Growing Segment of Mobile
Apps projected by Forrester to be $50 billion a year business by 20151
1http://www.forrester.com/Mobile+App+Internet+Recasts+The+Software+And+Services+Landscape/fulltext/-/E-RES58179?objectid=RES58179 and
http://www.slideshare.net/avinash.raghava/forrester-8840580.
Chart Source: http://www.businessinsider.com/mary-meeker-2012-internet-trends-year-end-update-2012-12#-17
Source: Gartner, eMarketer, Strategy Analytics, CAGR is compound annual growth rate. Note: Apple has paid >$6.5N $’s to developers as of 9/12, implying gross app
market revenue > $9B in 4 years: Google indicated during CQ3 earnings call that it expects $8.0B mobile ad revenue in 2012E, up from $2.5B in 2011.
Slide 8
9. Leader in Mobile Monetization
Footnote: Facebook’s Mobile ARPDAU is an estimate based on Facebook’s Total DAU to Total MAU ratio. Average Revenue Per Daily Active User
(ARPDAU) is calculated by dividing average daily mobile revenue by the average daily active users (DAUs) for mobile.
Slide 9
10. 1H 2013 Mobile Initiatives
Launched MeetMe+ Mobile Subscription Service
– Drives added value to users through enhanced abilities in the app
Launched native feed ads
– Partnered with Flurry, Tapjoy, and Hooked to deliver native feed ads into MeetMe’s
popular mobile news feed
Launched additional freemium products
– MeetMe users can now use their virtual currency, MeetMe credits, to unmask
questions in the popular AskMe app or Go Stealth when viewing photos and
profiles
Slide 10
13. Smart phone and tablet usage are still in their infancy
Source: eMarketer, Piper Jaffray.
Slide 13
14. Top Mobile Activities
(Ranked by Share of Mobile Time, Aug, 2012)
0.9%
2.8%
3.3%
4.4%
5.3%
5.5%
10.2%
14.1%
0.0% 5.0% 10.0% 15.0%
Camera
Maps/
Location Apps
Browser
Music
Email/IM
Dialer
Social Networks
Text
Social and Mobile are Converging
Source: Nielsen
Source: eMarketer, Piper Jaffray
Slide 14
16. Q1 Highlights
Q1 ‘13 Mobile MeetMe Platform
revenue grew 150% from Q1 ’12
to $1.9M
27% of MeetMe Platform
revenue from mobile in Q1 ’13
Launch of Mobile Subscription
product, MeetMe+, on iPhone
and Android
Subsequent to quarter-end,
MeetMe closed on a line of credit
from Western Technology
Investment (WTI)
Avg. Revenue per Daily Active User (ARPDAU) represents MeetMe Platform mobile revenue divided by average daily active users (DAUs) for mobile.
Slide 16
17. Q1 2013 Financial Summary
Slide 17
(in Thousands)
Q1 '13 Q1 '12
Revenue
MeetMe Platform - Web 5,156$ 6,678$
MeetMe Platform - Mobile 1,924 771
Total MeetMe Platform 7,080 7,449
Cross Platform 726 2,946
Total Revenue 7,806$ 10,395$
Operating Expenses 14,922$ 11,396$
Loss from Operations (7,116) (1,001)
Other Income (expenses) (212) (292)
Net Loss from Continuing Operations (7,328)$ (1,293)$
Adjusted EBITDA (1,657)$ 1,005$
18. Full Year 2012 Financial Summary
FY '12
(Thousands)
Revenue
MeetMe Platform - Web 28,171$
MeetMe Platform - Mobile 6,100
Total MeetMe Platform 34,271
Cross Platform 12,387
Total Revenue 46,658$
Operating Expenses 52,026$
Loss from Operations (5,368)
Other Income (expenses) (1,260)
Net Loss from Continuing Operations (6,628)$
Adjusted EBITDA 3,925$
Slide 18
19. Balance Sheet
(in Thousands)
April 30,
Q1 '13 2013
Assets
Cash 4,256$ 9,125$
Accounts Receivable, Net 5,858 5,193
Other Current Assets 952 884
Total Current Assets 11,066 15,202
Goodwill 70,646 70,646
Intangible Assets, Net 6,257 6,093
Property and Equipment, Net 4,353 4,162
Other Assets 448 438
Total Assets 92,770$ 96,541$
Liabilities & Stockholders' Equity
Current Liabilities 9,068$ 9,817$
Long-Term Debt, Net of Discount 1,350 5,506
Total Liabilities 10,418 15,323
Stockholders' Equity
Preferred Stock 1 1
Common Stock 39 39
Additional Paid-In Capital 279,401 279,401
Accumulated Deficit (196,540) (197,674)
Accumulated Other Comprehensive Loss (549) (549)
Total Stockholders' Equity 82,352 81,218
Total Liabilities & Stockholders' Equity 92,770$ 96,541$
Slide 19
20. MeetMe Platform MAU
MAU charts refer to total MAU of MeetMe, previously myYearbook.
Slide 20
21. We are closing the mobile monetization gap:
Mobile App Revenue
– Deep pipeline of premium,
subscriber- only features validated
through survey of over 20,000 users
– New subscription-based products
and new freemium products
launched Q1; additional features
and products launched Q2
– Mobile users are 5-10x more likely to
pay for virtual currency than a web
user
Mobile Ad Revenue
– Native feed advertising and new
advertising units launched Q1,
enhancements Q2
Avg. Revenue per Daily Active User (ARPDAU) represents MeetMe Platform web and mobile revenue divided by average daily active users (DAUs) for web and mobile.
Results presented above include data from prior to the merger of Quepasa with myYearbook on November 10, 2011.
Slide 21
.03
.11
0.00
0.05
0.10
0.15
Mobile Web
Avg.RevenuePerDailyActiveUser
22. MEET Investment Highlights
#1 most visited social network for meeting new people in the US.1
#1 Top Grossing Social App on Android.2
150% growth in mobile revenue in Q1 2013 vs. Q1 2012.
34% growth in mobile daily active users in Q1 2013 vs. Q1 2012.
Addressable market of over 1.5 billion people globally.
1comScore US, March 2013. MeetMe vs. Tagged and Badoo.
2Android Market Top Grossing Social App as of May 6, 2013.
Stock information source: Yahoo! Finance, May 29, 2013.
Slide 22