BUSINESSWIRE - Mar 7 - Q4 Highlights: Total revenue $40.1M, up 37% YOY; mobile revenue $32M, up 15% YOY; net income $9.5M, compared to $12.4M in the prior year quarter. Full Year 2017 Highlights: Total revenue $123.8M, up 63% YOY; mobile revenue $97.8M, up 38% YOY; net income of $28.5M, compared to $26.9M in the prior year. "Video has arrived at The Meet Group," said CEO Geoff Cook. "While we only just began to monetize livestreaming video in Q4 of 2017, it's already a $19M annualized run rate business based on February's results, up 70% versus the fourth quarter average. We expect Q4 of 2018 to be the first quarter in our history in which we generate the majority of our revenue from user-pay, rather than advertising". The company has also appointed Jim Bugden as CFO. He was the long-time CFO of myYearbook (the predecessor of The Meet Group).
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