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Technology Stocks : MeetMe, Inc.

MEET 6.290

0.0%

Sep 4 5:00 PM EST

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From: Glenn Petersen	11/7/2016 9:25:17 AM
	of 195

6:33 am MeetMe reports EPS in-line, revs in-line ( MEET) : Reports Q3 (Sep) earnings of $0.10 per share, excluding non-recurring items, in-line with the Capital IQ Consensus of $0.10; revenues rose 20.2% year/year to $17.2 mln vs the $17.24 mln Capital IQ Consensus. "Mobile revenue for the quarter increased 39% year over year, driven by growth in mobile user engagement and continued strength in the mobile advertising industry, which resulted in higher advertising rates on mobile devices. Adjusted EBITDA increased 31% to $6.9 million for the quarter with a 40% adjusted EBITDA margin. We internally funded $5 million of stock buybacks which occurred in September and October, as well as the cash portion of our acquisition of Skout, which closed on October 3rd. Currently we have more than $14 million in cash on our balance sheet." The press release: finance.yahoo.com

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