The Meet Group, Inc. reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2018. For the second quarter, the company reported revenues of $42,801,745 against $31,329,468 a year ago. Income from operations was $941,086 against loss of $1,692,678 a year ago. Income before income tax benefit was $305,321 against loss of $1,875,761 a year ago. Net loss was $235,272 against net income of $856,595 a year ago. Adjusted EBITDA was $7,605,051 against $7,411,514 a year ago. Diluted adjusted EBITDA per common stockholder was $0.10 against $0.10 a year ago. Non-GAAP net income was $6,387,278 against $6,640,008 a year ago. Diluted Non-GAAP net income per common stockholder was $0.08 against $0.09 per share a year ago. Revenue and Adjusted EBITDA was improved due to outstanding progress in video and reported better than anticipated results in advertising.

For the six months, the company reported revenues of $80,439,538 against $51,388,265 a year ago. Loss from operations was $3,019,383 against $1,244,578 a year ago. Loss before income tax benefit was $4,159,527 against $1,429,623 a year ago. Net loss was $4,447,933 against net income of $1,302,441 a year ago. Basic and diluted net loss per common stockholder was $0.06 against basic and diluted net income per common stockholder $0.02 a year ago. Net cash provided by operating activities was $9,598,418 against $16,662,265 a year ago. Purchase of property and equipment was $256,391 against $595,126 a year ago. Adjusted EBITDA was $12,793,325 against $12,181,610 a year ago. Diluted adjusted EBITDA per common stockholder was $0.16 against $0.17 a year ago. Non-GAAP net income was $10,497,915 against $10,946,888 a year ago. Diluted Non-GAAP net income per common stockholder was $0.14 against $0.16 a year ago.

The company provided guidance for the third quarter of 2018. For the quarter, the company expects revenue in the range of $43 million to $44 million, Adjusted EBITDA in the range of $7.4 million to $7.8 million.

The company revised earnings guidance for the full year of 2018. For the period, the company expects revenue in the range of $166 million to $168 million against prior guidance of $152 million to $155 million. Adjusted EBITDA is expected to be in the range of $27 million to $28 million against prior guidance of $21.5 million to $23.5 million.