PR NEWSWIRE – Mar 7 – Momo's Q4 2016 revenue increased 524% YOY to $246M. Net income increased to $83.8M, up from $6.1M in the same period last year. Monthly active users were 81M in December 2016, compared to 69.8M last year. Live video service, which was launched in Q3 of 2015, continued its strong momentum and generated revenues of $195M in the fourth quarter of 2016. The rapid growth in live video revenues is mainly because of the increase in paying users of live video service to 3.5M.
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Summarized by the Courtland Brooks team