Why Shares of The Meet Group Are Surging Today

Shares of The Meet Group (NASDAQ: MEET) jumped on Thursday after the livestreaming company updated its outlook for the third quarter. The Meet Group raised its forecast for revenue, video revenue, and adjusted EBITDA. The stock was up about 19.6% at 12:10 p.m. EDT.

The Meet Group now expects to report third-quarter revenue between $52.0 million and $52.3 million, up from a previous range of $50.5 million to $51.0 million. The company expects at least $20 million of video revenue, up from previous expectations of $19 million.

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Source Fool.com