THE MOTLEY FOOL - Mar 6 - Shares of The Meet Group have more than doubled over the past year, hitting fresh highs earlier this week. The Meet Group is facing its first big test of 2019 this week when it reports Q4 financial results today. The Meet Group stock was already rolling -- up 64% in 2018 -- when it announced in early January that revenue soared 30% to hit $52.3M in the Q4 that ended a week earlier. Earlier guidance was calling for just $47.8M to $48.8M on the top line. Streaming video has been a huge component of The Meet Group's growth since the latter half of 2016, but the real needle mover these days is Battles, where a pair of live-streaming users square off in everything from joke-telling to dancing. Virtual gifts dictate the winner, and that provides a juicy financial incentive for members to engage others in more Battles. By late last year, an average of 30K Battles were taking place on a typical day.
by Rick Munarriz
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