GLOBE NEWSWIRE – Nov 8 –
Third Quarter 2016 Highlights
- Net revenues increased 319% YOY to $157M.
- Net income increased to $39M.
- Monthly Active Users (MAU)1 were 77.4M, compared to 73M last year.
Live video service, which was launched in Q3 2015, continued its strong momentum and generated revenues of $108.6M in the Q3 2016. The rapid growth in live video revenues is mainly because of the increase in paying users of live video service. Paying users of live video service reached 2.6M. Membership subscription Q3 revenues were $18.1M, an increase of 13% YOY. Mobile marketing revenues were $17.7M, an increase of 64% YOY.
See full article at Momo website
Summarized by the Courtland Brooks team