HispanicBusiness

NEW HOPE, PA -- (Marketwire) -- 03/07/13 -- MeetMe®, Inc. (NYSE MKT: MEET)

•Full Year 2012 Revenue of $46.7 million.•2012 Revenue represents a 31% increase over the $35.6 million of Combined Revenue, a non-GAAP measure, of Quepasa and myYearbook during the same period of 2011. •Fourth Quarter Revenue totaled $11.6 million.•Fourth Quarter 2012 Revenue represents a 23% increase over the $9.5 million of Combined Revenue, a non-GAAP measure, of Quepasa and myYearbook during the same period of 2011. •Mobile revenue grew 25% sequentially to $2.2 million in the fourth quarter of 2012, and 355% compared to the same period of 2011. •Executive transition plan announced; COO Geoff Cook will become CEO; John Abbott will become the Company's non-Executive Chairman of the Board.

MeetMe®, Inc. (NYSE MKT: MEET), the public market leader in social discovery, today reported its financial results for the fourth quarter and fiscal year ended December 31, 2012.

Fourth Quarter 2012 Financial Highlights

•Revenue from Continuing Operations: MeetMe Revenue for the fourth quarter of 2012 was $11.6 million, up 96% from the $5.9 million recorded in the same period of 2011. Fourth Quarter Revenue represents a 23% increase over the $9.5 million of Combined Revenue, a non-GAAP measure, of MeetMe and myYearbook during the same period a year ago. •Net Loss: MeetMe Net Loss Allocable to Common Shareholders for the fourth quarter of 2012 was $2.0 million or $0.05 per share, an improvement from the Net Loss Allocable to Common Shareholders of $5.5 million or $0.20 per share in the same period of 2011. •Adjusted EBITDA: MeetMe Adjusted EBITDA for the fourth quarter of 2012 was $978 thousand or $0.03 per basic and $0.02 per diluted share, an improvement from an Adjusted EBITDA loss of $347 thousand or $0.01 per basic and diluted share, for the same period in 2011. (See the important discussion about the presentation of non-GAAP financial measures, and reconciliation to the most directly comparable GAAP financial measures, below.)

2012 Year End Financial Highlights

•Revenue from Continuing Operations: MeetMe Revenue for 2012 was $46.7 million, up 336% from the $10.7 million recorded in 2011. 2012 Revenue represents a 31% increase over the $35.6 million of Combined Revenue, a non-GAAP measure, of MeetMe and myYearbook during the same period a year ago. •Net Loss: MeetMe Net Loss Allocable to Common Shareholders for 2012 was $10.3 million or $0.28 per share, an improvement from the Net Loss Allocable to Common Shareholders of $12.8 million or $0.67 per share in 2011. •Adjusted EBITDA: MeetMe Adjusted EBITDA for 2012 was $3.9 million or $0.11 per basic and $0.09 per diluted share, an improvement from an Adjusted EBITDA loss of $1.3 million or $0.07 per basic and diluted share, for 2011. (See the important discussion about the presentation of non-GAAP financial measures, and reconciliation to the most directly comparable GAAP financial measures, below.) •Balance Sheet: MeetMe Cash and Cash Equivalents totaled $5.0 million at December 31, 2012.