August 21, 2018 -- /BUSINESSWIRE/ -- The Meet Group, Inc. (NASDAQ: MEET), a public market leader in the mobile meeting space, today announced that it has launched Quick, its new one-on-one live video chat feature, to users of its MeetMe mobile application in the United States.
“We are thrilled to bring Quick to our MeetMe users,” said Geoff Cook, CEO of The Meet Group. “In addition to being our most requested feature, Quick marks a significant step in video enabling more of our app, while also delivering on our mission to meet the universal need for human connection. We hope to see Quick contribute to our growing video monetization, which now exceeds $42 million annualized, based on the last 30 days of video revenue.”
Quick is expected to increase video monetization as users can either choose to match with another user for free or choose to be matched with users of a specific gender for a fee. In addition, similar to one-to-many livestreaming, users can give virtual gifts in Quick, which they may do to show interest to the broadcaster, break the ice or start a conversation.
“We believe livestreaming video is powerful and enables our audience to connect with each other like never before,” continued Cook. “We’ve seen MOMO successfully pair livestreaming with dating in China, and since 2016, we’ve been bringing this model to Western audiences, first in the U.S. with MeetMe, Tagged, and Skout, and then to Europe with LOVOO. Today’s announcement is a significant step down that same path. We’ve seen the Quick model work successfully abroad, and we believe its one-on-one communication capability will be an important complement to the one-to-many solution we’ve already built.”
“The bottom line is our users are livestreaming more and more of their lives on our apps and on other apps, whether when finding new connections, seeking entertainment, or even when playing video games,” added Cook. “After completing the roll-out of Quick to all MeetMe users, we look forward to launching it on our other apps, starting with Skout later this year. We believe that our pipeline of new video products and features will continue to attract and engage more of our global user base. We are excited to bring what we view as a transformative video product to our community, and are excited about the pipeline of video products to come.”
About The Meet Group
The Meet Group (NASDAQ: MEET) is a portfolio of mobile social entertainment apps designed to meet the universal need for human connection. We leverage a powerful live-streaming video platform, empowering our global community to forge meaningful connections. Our primary apps, MeetMe©, LOVOO©, Skout©, and Tagged©, keep millions of mobile daily active users entertained and engaged and originate untold numbers of casual chats, friendships, dates, and marriages. Our apps, available on iPhone, iPad, and Android in multiple languages, use innovative products and sophisticated data science to let our users stream live video, send gifts, chat, and share photos. The Meet Group has a diversified revenue mix consisting of in-app purchases, subscription, and advertising, and we have offices in New Hope, Philadelphia, San Francisco, Dresden, and Berlin. For more information, visit themeetgroup.com, and follow us on Facebook, Twitter or LinkedIn.