GLOBE NEWSWIRE – Dec 3 – Blued's Q3 revenues reached RMB298M ($43.8M), up 47.3% YOY. Net loss was RMB138M ($20M), compared with net loss of RMB7.1M in Q3 2019. Monthly active users on the Blued mobile app reached 6.3M, up 7% YOY. Total paying users on the Blued app reached 494K, up 43.8% YOY. Revenues from live streaming services reached RMB255M ($37.6M), up 42.9% YOY. Revenues from membership services reached RMB18.2M ($2.7M), up 56.4% YOY. Blued is currently the largest gay social network app in the world. Launched in 2012, the free app now counts 40M users with the majority still in its country of origin, China.
