SENSORTOWER – Nov 13 – The top grossing dating app worldwide for Oct 2019 was Tinder with ~$88.7M in user spending, which represented 18% growth from Oct 2018. ~43% of Tinder's revenue was from the U.S., followed by 7% from UK and 5% from Australia. Bumble was #2 with ~$20M in gross revenue, which represented 44% growth YOY. 77% of Bumble's revenue was from the U.S., followed by 9% from UK. The next top grossing app was Tantan, followed by Pairs and Badoo.
Category: Tantan
Top Dating Apps Worldwide for September
REPUBLIC WORLD – Oct 6 – Tinder was the most downloaded app in the online dating category during September 2019, according to research firm Sensor Tower. Tinder had close to 5.5M installs in September, resulting in a total of 4% increase from the same period last year. Badoo was the second most installed dating app worldwide. Tantan, MeetMe, and Happn rounded out the top five most installed dating apps worldwide for the month. Here is the full list of top 10 dating apps.
Momo’s Stock Price Likely to Remain Volatile as Growth Slows
GRIZZLE – Sep 3 – Momo released Q2 results last week which were better than expected. The stock price have also received a boost from Zao, the face swapping app which went viral over the weekend. For Q2 revenue grew 32% to $604M, $25M ahead of consensus. But revenue from live streaming video is seeing a dramatic slowdown in growth. This segment grew revenue 18%, vs 32% for the entire company. Value added revenue, which includes virtual gifting, was the main growth driver and increased 169%. Momo faced several challenges, including the temporary suspension in May of the homepage and its Tantan dating app. However, the stock still has a strong following. Going forward, this share is likely to be driven by sentiment more than anything else. As such it may best be treated as a trading stock.
Momo’s Q2 Financial Results
PRESS RELEASE – Aug 27 – Net revenues increased by 32% YOY to RMB4,152.6M ($605M) in the Q2'19. Net income slightly decreased to RMB731.8M ($106.6M). Monthly Active Users on Momo app were 113.5M in June 2019, compared to 108M in June 2018. Total paying users of the company's live video service and value-added service, including 3.2M paying users of Tantan, were 11.8M, up from 11.6M in Q2'18.
Top Dating News – Muzmatch, Match Group, Facebook, Tantan, Tinder, The Meet Group
OPW – July 30 – Here's the top dating news in ~2 minutes. Subscribe to Two Minute Tuesdays (TMT) on Youtube (and turn on notifications) or to the podcast on Breaker, Google podcasts, Spotify, Anchor.
Momo: Tantan Is Back With a Bang
SEEKING ALPHA – July 24 – On April 29, dating app Tantan was removed from app stores in China at the direction of government authorities. After a 10-week hiatus, the app is available again on Chinese app stores. Less than 24 hours after being back online, the app roared to the top of the grossing ranks in China. Momo shares were trading ~$36 before the announcement of the suspension of Tantan. The share price fell ~25% over the course of May. Now shares have rallied back up, close to their price pre-suspension.
Chinese Dating App Tantan Returns to Android App Stores
THAT'S – July 3 – Dating app Tantan has been relaunched on Chinese Android app stores after going through a 'rehabilitation period' since the end of April. The app is still not available via the Chinese version of the Apple App Store. Tantan previously stated that the app had been taken off because of violations of regulations and that they would be taking a period of time to undergo "self-examination and self-correction."
Momo’s Momentum Returns as Censorship Fears Fade
THE MOTLEY FOOL – May 29 – Momo, the owner of two top dating apps in China, shed 30% of its value over the past 12 months as investors fled Chinese tech stocks amid the escalating trade war. It was also hit by a triple whammy of bad news over the past month – regulators ordered the removal of its Tantan app from Chinese app stores, Apple suspended in-app payments for Tantan, and the company voluntarily suspended news feed posts in both Momo and Tantan for an internal review. Momo's revenue rose 35% annually to $555M in the first quarter, beating estimates by $23M. Its monthly active users on Momo and Tantan increased 11% to 114.4M, while its paid users on both apps jumped 73% to 14M. Those growth rates look solid, but Momo's growth in revenue and MAUs decelerated significantly over the past year. Momo expects its revenue to rise 27% to 30% annually during the second quarter. That forecast is encouraging, since it indicates that Momo can still squeeze out revenue from its namesake app's existing users. It also suggests that Momo could easily beat its own guidance if its services are fully restored during the quarter.
Momo Q1 Results – Revenue Up 35%
PR NEWSWIRE – May 28 – Net revenues increased 35% YOY to RMB3,722.9M ($554.7M) in the Q1 of 2019. Net income attributable to Momo decreased to RMB289.3M ($43.1M) from RMB825.2M in the same period of 2018. Monthly Active Users on Momo app were 114.4M in March 2019, compared to 103M in March 2018. Total paying users of live video service and value-added service, including 5M paying users of Tantan, were 14M, up from 8.1M in Q1 2018. Live video service revenues were RMB2,689.4M ($400M), up 14% YOY. The growth in live video revenues was contributed by the increase in quarterly paying users, as well as the increase in average revenues per paying user per quarter.