MeetMe: social network announces $46M in 2012 revenue, new CEO

MeetMe, the publicly-traded New Hope, Pa.-based social network that resulted from a merger between myYearbook and Quepasa last summer, reported $46.7 million in 2012 revenue, as well as a shakeup in its top management.

Former MeetMe COO Geoff Cook, who was previously myYearbook’s CEO, is now MeetMe’s CEO. Former MeetMe CEO John Abbott, who was previously Quepasa’s CEO, is now non executive chairman of the board.

The company saw its mobile revenue increase 180 percent in 2012, according to the release, and saw 5.51 million monthly active users in the fourth quarter of 2012. MeetMe currently has a staff of about 150.

The social network also recently launched in Chinese, Russian and Japanese, making it available in nine languages.