MeetMe is about connecting with people you want to know, instead of sites like Facebook that focus on people you already know, explain siblings and co-founders, Geoff and Catherine Cook. Geoff says the Q2 beat came from mobile advertising, and this was the first quarter where mobile revenue was 50% of total revenue. On average, users log in more than 100 times a month. Daily active users went up 12% in Q2. Going forward, they see growth coming from continued mobile advertising and getting more users into the platform. Going forward, MeetMe is focused on organic and new product growth. TheStreet's Jill Malandrino reports from the NASDAQ Market Site.

More from Video

Replay: Jim Cramer on the Markets, 10-Year Yield, Oil Prices and Foot Locker

Replay: Jim Cramer on the Markets, 10-Year Yield, Oil Prices and Foot Locker

Video: You Could Live in a Ritz-Carlton or St. Regis Home

Video: You Could Live in a Ritz-Carlton or St. Regis Home

KPMG Chair & CEO: There's No One-Size-Fits-All Approach to Diversity

KPMG Chair & CEO: There's No One-Size-Fits-All Approach to Diversity

Best Buy's Billionaire Founder: We Were 'Late to the Game' in Online Shopping

Best Buy's Billionaire Founder: We Were 'Late to the Game' in Online Shopping

Jim Cramer: Intuit Had a Fantastic Quarter

Jim Cramer: Intuit Had a Fantastic Quarter